Live - Build - Change: The Christian Faith And Business Show

Join the LBC Community On Facebook | Follow Carey on Facebook | Follow Carey on Twitter If you don’t know the difference of Assets VS Liabilities you could be walking a very thin line between getting by and going under. I know that sounds a bit alarmist but it’s true. If you are allowing your liabilities (credit cards, car loans, etc.) to creep higher and higher as a part of your monthly budget you’re just one emergency away from going under financially. You don’t want that. I don’t want that for you. On this episode, I’m going to chat about the difference between the typical budget approach (income and expenses) and the forward-thinking budget approach I’m beginning to adopt. I hope you take the time to listen. Outline of This Episode: ASSETS VS. LIABILITIES [0:40] What LIVE-BUILD-CHANGE is all about and introduction to this episode. [2:23] How have you been taught to think about finances? [3:28] Why there are not only 2 columns on your financial chart (income and expenses) [4:15] Defining income, expenses,