‘When You Spend More Money On Liabilities, Than On Assets, You Are Liable To Be Poor’ – Reno Omokri
Nigerian author, Reno Omokri has shared his thoughts on people splashing huge sums of money to buy ‘liabilities’.
According to him, it is not everything that an individual buy is an asset because there are most of the things that people buy that they don’t need.
He made this known in a recent post he made on his verified social media handle on the popular social media platform, Twitter and the post that he made reads;
“When you spend more money on liabilities, than on assets, you are liable to be poor. Look at the word: LIABILITY. It is already warning you that what you are buying has an ability to lie. That iPhone 13 you bought when your old phone still works is a lie-ability!”
Some reactions the post got are;
@Ayo_Aderinola – Hmm. Sir, it seems like you were in WhatsApp class with my students last night when I discussed exactly something about this. Most of d young boys in my street who’s into fraud repented just because I showed them a legitimate way that can make them 750K a month. So impactful!
@gabethproducer – Well, some of the things that may be a liability to you may be an asset to others. Buying a Samsung S22 ultra may be a liability to you But to someone else it may be an asset because it works really well for people who do WhatsApp marketing So it depends on what you use it for
@Kriz_daniels – What I got from this is that if you must buy an iPhone 13, it should not be for flex but to help you generate the money you used in buying it and doubling that figure in the coming months. That way it won’t be a lie-ability But when your phone is for show off,that’s a liability
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