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Wealth Declaration Form

Wealth Declaration Form

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Instructions and help about wealth declaration form tsc

an asset is very simply something that puts money in your pocket so think about this when people you know they make some money to buy a house but if they stop working that house starts taking money from their pocket so it's not an asset you buy a nice car the car keeps taking money from your pocket so it's a liability you have three kids they're definitely liabilities so I write a book and I get paid probably several hundred th000 a month from my rich dead poor debt my book is an asset if I buy a car and I lease it to an Uber driver it could be an asset depends on the cash flow so it's all depends on the financial statement wait so is a car an asset or a liability can you make up your mind and of course the same thing applies to a house if you rent it out or if you live in it yourself instead of renting wouldn't that be an asset by God is this dude confusing sometimes

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