ASSET VS LIABILITY
What the rich teach there children.
One day the son of a rich man who was a graduate approach is and the following discussion take place.
SON :- Dad may i speak with you .
DAD :- Go ahead .
SON :- among all my classmate i'm the only one
without a car, it is embarrassing .
DAD -: what did you want me to do .
SON -: i need a car i don't want to feel ood .
DAD -: did you have a particular car in mind .
SON -: yes daddy (smile).
SON -: $1600.
DAD -: i will give you the money but on one
condition.
SON -: what is the condition .
DAD -: you'll not use the money to buy a car but
invest it, if you make a lot of profit from
investment you can go ahead and buy car.
SON -: Deal.
Then the father gave him a cheque of $300, the son cash the cheque and invest in obedience to the verbal agreement that he had with his father.
Some months later , the father asked the son how he was faring , the son responding the his business is improving . the father left him.
After some month again, his father ask him about the business again and the son told him he was making a lot of profit from the business .
When it is exactly a year when he give him the money , the father ask him how far the business is as gone the son readily again and the following discussion took place.
DAD -: i can see you've make a lot of money.
SON -: yes daddy .
DAD -: did you still remember are agreement
SON -: yes.
DAD -: what is it ?
SON -: we agreed that i should invest the money
and buy the car .
DAD -: why have you not bought the car ?
SON -: i don't need the car again, i want to invest
more .
DAD -: Good, you have learnt the lesson i want to
teach you .
NOTE -: you didn't need the car, you just
want to feel among. That would have place
extra financial obligations on you . it wasn't
an asset then , but a liability .
-- it is very important for you to invest in your
future before living a king .
SON -: thanks dad.
Then the father gave him the keys of the latest model of car .
MORALS:
(1) Always invest first before you start living the
way you want .
(2) what you see as a need now may become a
want if you cant take a little time to get over
your feelings .
(3) Try to be able to distinguish between an
asset and a liability so that what you see as
an asset today will not be a liability for you
tomorrow .
THE DIFFERENCE BETWEEN THE RICH AND THE POOR IS THAT THE RICH LOOK FOR ASSET WHILE THE POOR LOOK FOR LIABILITY ...
IDENTIFY yourself
BUILD yourself
BE yourself
