Is it an Asset or a Liability?

money tree

One of the things I have learned about what makes successful people successful is they use this question a lot! “Is this an asset or a liability?”

An asset is something that benefits you and contributes to your success and a liability is something that takes away or simply does not contribute.

For example, if I buy a large screen TV to watch general TV programming and I am an entrepreneur this would most likely be a liability and even perhaps cost me money over and above the initial purchase cost of the television because the time I spend watching takes me away from building my own business!

On the other hand, if I purchased the TV to use for doing business presentations or for watching webinars on topics useful to growing my business, then it is an asset and a potential tax deduction!  It can actually make me money and/or enhance my business.

When you learn to question everything including the time you spend doing things, you quickly start to learn to make asset building choices more often.

There you go a simple question you can use to change your business and your life!

Maggie Holbik.com is a Certified Life & Business Coach with over 30 years of experience as an entrepreneur and business owner of various businesses. She is also a property manager and believes in multiple income streams including networkmarketing. Maggie also owns a digital marketing company Webpros2

 

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Maggie Holbik, Offering Inspiration for Living Freely and in JOY!

Certified Infinite Possibilities Trainer & Coach, Certified Life Coach, Business Coach, Board Certified Holistic Nutritionist, Reconnective Healing Practitioner, and Internet Marketer who loves to work and play from anywhere, hoping I make a difference in the world.

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