Let’s talk about the “Asset/Liability Mindset.”

In life, everything can either be an asset or a liability to who you are and who you’re trying to become.

The relationships you have, the way you spend your free time, your thoughts, and even the stuff you have can either:

✅ Positivity contributes to the vision and goals you have for yourself or

❌ Negatively impact your ability to achieve your goals and make your dreams a reality

Before we take an audit, let’s review the difference between an asset and a liability:

An asset:

➡️ Appreciates in value

➡️ Is reliable

➡️ Promotes longevity

Your assets should always be diversified and compatible with your lifestyle and goals, and you should be able to adequately handle the risk management associated with having the assets.

Liabilities, on the other hand:

➡️ Depreciate in value

➡️ Aren’t reliable

➡️ Are short-sighted

The liabilities you have in life are usually not compatible with your lifestyle and goals, and are extremely risky to maintain in your life.

Now that there’s a clear difference between the two, take some time to think about these six key aspects of your life and the assets/liabilities you have as it pertains to those specific aspects:

1️⃣ Career

2️⃣ Relationships

3️⃣ Time

4️⃣ Health

5️⃣ Personal Growth

6️⃣ Wealth

Everything you do or don’t do, have or don’t have, is an asset or liability.

If you don’t work out, that’s a liability for your health.

If you’re in a healthy romantic relationship, that’s an asset for your relationships.

If you spend 3 hours per day on TikTok, that’s a liability for your time.

Taking a serious audit of the assets/liabilities you have in each category allows you to know what you need to focus on to improve and change, thus getting you closer to making your dreams a reality.