liabilities

Happy Tuesday! Hope you guys enjoyed your Memorial Day weekend!

DEFINITION
What’s a liability?

• Liabilities are all the debts and outstanding payments you still have lying around. Basically, it’s the stuff you owe to someone else. Things like:

  • Credit cards

  • Student loans

  • Mortgages

  • Car loans

  • Medical bills

PRACTICAL ADVICE
Reduce your liabilities ASAP

• Pay off those debts

• Don’t sign up for more payments, or buy-now-pay-later schemes. Those will only increase the liabilities in your life.

OUR COMMUNITY
What are your questions? Or share a win!

• Reply to this email with any personal finance question you have, or share with me any wins in your life! (I’ll respond to your questions anonymously in future emails)