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“An asset puts money in my pocket. A liability takes money out of my pocket.”- Robert Kiyosaki

Thank you so much. I am currently taking Financial Accounting, I’m in my 4th week and for the love of God, I still get confused with Liability, Assets, and Equity because my professor just didn’t explain it in more details before jumping into more complicated terms. This video has helped me so much

@shuthatdude

2 ай бұрын

I do have only one question. Did you make it? (I’m taking a bookkeeping course now I’m just curious)

Thank you man, I just cant sleep without your voice now. It's like the best place to sleep is your classroom, and u r good at creating that atomsphere. your voice just make me tired, thank you!

omg, I didn't know you covered Accounting

Is there anything this guy doesn't know

@emelgiefro

4 жыл бұрын

All of us could but we are too lazy For example i love learning science and languages but im lazy to put up more work into that

@dbuc4671

3 жыл бұрын

@@emelgiefro cant relate enough sadly

@cherry414

Жыл бұрын

He doesn't know that I'm living in his basement

@christophershaba2492

Жыл бұрын

Right right

@Cheesecake99YearsAgo

Жыл бұрын

*He doesn't know how to become the next millionaire, billionaire and trillionaire*

ive been struggling with all these terms for so long thank you so much for such an easy explanation!!!!

this guy is an absolute legend, he helped me in everything in life that is related to numbers

I keep watching a lot of KZread videos to understand about equity. You’re the only one who explain it very well thank you so much I’m really grateful thank you❤️❤️❤️❤️🤣

Didn't even know about equity til now. thank you sensei

@babarazamsucks

4 жыл бұрын

Solbashio Same.

man, this is the most precise on point explanation. i love it

LIked! This is the best well explain on Equity. Very easy to understand and the illustration was very helpful. Thanks a lot.

You're a life saver and you explained this pretty well so I can understand

Simple and sweet. Thank you....Very clear expplanation.

Wonderful! I've watched a plenty of videos with no solution, this is easy with great understanding at the end. Thank you ❤️

very interesting video. Simple, clear and straight forwards.

The best ever explanation!

Thank you sir, your explanation is very simple and clear.

yoooo your my hero man ! didn't know that it was so simple

Well explained! Thank you so much!

Thank you man, there were so many confusing ass videos out there. this one is simple and straight to the point

@saigokulmannam6499

2 жыл бұрын

Still I didn’t get it could you explain it clearly?

Well explained in less than 3mnt, thank you

hey man!! thanks!.. I went to other videos and they make it difficult to understand. you were very clear and simple.

nice it's easy to understand thank you!!

iloveyouuuuuuuuu, youu madeee itttt easierrrrrr for us too comprehenddd thiss termmmm

Simple and easy 😀 keep it up

Oh my god you do everything. I love you

very well-explained :) Thanksss

Thanks for explaining

Thank you for that simple yet informative explanation!

Bro teaches everything in the world 💀

Great visualization! Although the only normal situation in which you’re getting a loan for 100% of the value of the home is gonna be if you’re a veteran who qualifies for a VA loan and you choose to do a 0% down payment

Thank you!

Thank u so much I understand

This is some interesting stuff. I wish school taught us this

I am 55 years old with very little set aside for retirement at this point. I have always been curious about the stock market and have witnessed some people who played the game right and retired early because they used the stock market. When I ask them, most said that they invested very little to start with, but their portfolio grew. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns.

@errolkingston6546

2 жыл бұрын

Buy index funds if you wanna be safe, though you are probably be better off just going to Vanguard or something for that

@jaluriaja6294

2 жыл бұрын

Even with the right technique and assets some investors would still make more than others, as an investor, you should've known that by now, nothing beats experience and that's final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I'm buying again

@santiagoagustine3749

2 жыл бұрын

@@jaluriaja6294 who is your financial coach, do you mind hooking me up?

@jaluriaja6294

2 жыл бұрын

@@santiagoagustine3749 "My consultant is *Loretta Wilkinson* I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on.

@jaluriaja6294

2 жыл бұрын

@@santiagoagustine3749 You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so"

Probably you are only reason why I won’t fail in this whole semester… ulken rahmet!

hey, does anyone know why did the loan decrease? doesent loans increase due to interests? sorry im quite dumb

Hi can you make a video about integral of (3^x+4^x)/ 5^x

Thanks🎉

Finally, understood.

thank you sir

tysm now i know equity :)

Thanks

Thank you

I don't know if this just an example, it makes sense that in 5 years you sell the house for more but how does the loan go from 300,000 to 210,000.!??

Damn man, this is the most simplest explanation I have ever seen

@saigokulmannam6499

2 жыл бұрын

Still I didn’t get it could you explain it clearly?

Can you do a video about equity but with an example of company equity?

Thanks bro

I now understand what equity is

My man has degree in every field ❤

What's the difference between Total net assets and equity?

Face reveal at 1.5 million ?

Can you do more accounting videos plz

Thank youuuuuu

Net worth also equals assets - liabilities, so does that mean net worth is the same as equity?

Good life knowledge.

@babarazamsucks

4 жыл бұрын

Bryan’s Locks Sure is.

@dbuc4671

3 жыл бұрын

www.cbc.ca/news/canada/saskatchewan/olympic-tree-bearer-opening-ceremonies-1.3713153

Super

I'm literally in love with you

I think it is not necessary to take home as an asset ,one can take company as an asset as well which can also increase in value by the time and through which you can also pay debt to banks and can sell as well when its valuation increase ...

This guy can do anything ... my degree will be split in half bro you and I

Is it just me or does *Equity* remind you of that one Spongebob episode.

@sergiogonzalez1724

3 жыл бұрын

Which one 😐

Correct me if I am wrong, but isn't this a hack to earn money... by "going into debt" (assuming no other variables). So in his diagram, he showed that home is worth 300k usd, he took loan of 300k usd then 5 years later, home is worth 400k usd, and he paid off 90k usd of loan, leaving 210k usd in debt he sells the home for 400k usd, paying off the 210k usd of debt in loan, leaving him with 190k usd profit?

I love you

Can you teach accounting? Or do you have a friend who teaches like you? I really like your method in explaining. I would like for you to open an accounting video, since it's "math related". Any chance of doing an accounting playlist?

Bit confused .. with time home value increase so asset value increases that is fine but how did he paid some loan amount as initially his asset was 0.

why the value of loan decreases after 5 years ?

i love you . thank u so much . (T _ T )

her yerde varda bu gede

So like, profit? In a weird way?

@dbuc4671

3 жыл бұрын

www.cbc.ca/news/canada/saskatchewan/olympic-tree-bearer-opening-ceremonies-1.3713153

Physic E = M.C² Finance E = A-L

My wallet is saved by Mark Wahlberg once again! 💪 💯

Bro, when u borrow $300,000 in 5 years you will still be paying interest on $300,000 without even putting any on the principal.

Omg I just ended exams and this would have been so useful but I’m on semestral break right now and don’t have entrepreneurship on my second sem :(((

@fennerwong2596

4 жыл бұрын

But I still love it :) I was the first one to like it hehe

@dbuc4671

3 жыл бұрын

www.cbc.ca/news/canada/saskatchewan/olympic-tree-bearer-opening-ceremonies-1.3713153

Okay but I've seen from multipule sources that a home is a liability which makes sense, everything month you pay for utilities, maintenance and many other. An asset produces cash flow, but a home doesn't do that. It would only produce any kind of money if it were to be sold, which is years later. If you add up all the expenses that you've covered with that home $190,000 isn't that much after all.

Now can you teach us to be a billionaire 😅

Your home is not considered your asset, it is rather in your liability column

But the home is not an asset

Why do houses appreciate over time? Don't houses degrade like cars?

@minecraft2b2t

Ай бұрын

It's more about the land they're on, land can't go bad.

@ret4kind

Ай бұрын

@@minecraft2b2t Insurance is based on the value of the house not the land. There isn't an insurance company in the world that will pay for your grass if it catches on fire. Houses degrade like cars so the only way it becomes real is actually selling the home and seeing how much you get in cash. equity minus what you owe.

you didn't pay off the entire 300000 in liabilities though..

❤❤🇵🇰 🇵🇰 🇵🇰

*I must say that knowing you is my greatest achievement in life, i receive my profit $10,000 successful, all thanks to Mrs Linda may God keep on blessing you.*

@patiencebella2035

2 жыл бұрын

*I withdraw my profit every week thanks so much.*

@halimamusabida2906

2 жыл бұрын

Wow I'm just shock someone mentioned expert Mrs Linda I thought I'm the only one trading with her, She helped me recover what I lost trying to trade my self.

@adenikeayobami7232

2 жыл бұрын

Another great withdrawals today!! £73,500 i appreciate what you've done for me, you're the best and i promise to spread your good work, thanks so much Mrs Linda.

@kendobest2651

2 жыл бұрын

Seeking for her contact details

@kendobest2651

2 жыл бұрын

*+13*

Are you god?

Can I be your girlfriend? I'm an amazing cook, have chef parents, I'm really organized and clean, big on keeping up with things, and am good at planning. I can send my resume as well.

It seems like it deosn't tell the full story. To show how much you gained by just owning a house, a better formula would be the 400,000 dollars that the house is worth in 5 years minus The 210,000 loan - 90,000 that you paid in that period - the interest you paid which if it was 8% a year times 5, it would be 40% compound interest. It's a lot of a liability, you don't gain much. And I didn't even took in consideration the other costs and taxes generated by the house. You could have chose a better example for this.