So today I learned that air-conditioners should be fixed every three months.
This is my first air-conditioner and I just got a call from the guy that helped me install it. He told me that the air-conditioner needs servicing.
Sighs...
I've learned that buying stuff is not achievement. Unfortunately alot of people believe they they are rich because of the amount of stuff they have in their possession.
Many months ago I had a lot of money and I wanted to buy a car. Most people still don't understand why I don't have a car. But the reason is quite simple. A car is not an asset to me. It may be an asset to someone else but to me a car would be a liability because it will remove money from my pocket and it will not bring back commensurate value.
An asset is anything that brings net profit/value to you while a liability is the opposite.
Note that I used the word "net". There are jobs that are liability. If a job is taking more value from you than the money they pay you, it is a liability. There are things that remove money from your pocket but they are assets because they provide more value than the money they remove. Take for example, a college education may cost a lot of money but in the future that could be a meal ticket.
This is just my perspective. Unfortunately most education offered these days are scams. Liabilities!
A car may bring money to a cab driver and it may bring value to a nursing mother who has two little kids and who works in a bank. A single man like me who is always glued to his computer screen however will not derive as much value. I'd rather use my money to buy Crypto.
The question I'm asking myself right now is that, is this air-conditioner an asset or a liability.
Lol...
This is the part where you call me a cheapskate.
I'm not. I'm just thinking out loud. Question the obvious.