I abeg to disagree, car is no longer a liability,
With my car I can plan and manage my time.
Ease my movement on the line of making money,
Ease my stress from carrying tools box 🧰 around
Even help to carry my product.
If my car gives me all these at a cost (maintenance and fuel) then it’s not a liability but necessity.
Did I mention the joy of moving my family around without the stress of BRT queue ??
A liability is anything that takes money out of your pocket.
Examples:
A car that only consumes fuel and maintenance
Lifestyle debt (buying things to impress)
Subscriptions or habits that don’t earn or grow you
Liabilities drain your finances quietly, monthly, and consistently.