What is Asset Liability and Owner Equity?

Asset vs Liability vs Owner Equity. Do you know what each of these stand for? In our goal of financial freedom, the earlier we come to understand this, the faster we will start the journey to reach our goal of financial independence retire early (fire). We at Your Rich Freedom, keep stressing on the importance of the investing in assets to generate passive income. I am sure you must have come across this many times. In today’s article, we aim to help you understand What is Asset Liability and Owner Equity in personal finance. Let us begin.

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