Which of these things are ASSETS or LIABILITIES?

Supercar. [music] >> Asset. Most people don't realize that having a car that gets attention is ROI positive [music] if you sell anything. It'll open up way more doors. Very few people understand that. >> Coaching program. [music] >> Asset. If you already knew what you needed to know to be successful, then you would have the results. By definition, if you don't [music] and you want to go faster, hiring a coach is the fastest way to get there. >> House. >> Liability. You want to keep your optionality open. [music] Getting a house might seem like the right move, but it also takes away your flexibility to move. >> Designer clothes. >> Liability. [music] I think thin, clean clothes with no logo is actually going to be the future. >> Degree. >> Liability. It's eight times more expensive to get a degree now, and the increase in income and earning potential is like 2x. >> Investing. [music] >> It's an asset, for sure. One of the first things I taught my kids when they were 11 years old was how to invest [music] in the market. It's like, "Hey, let's invest in low-fee index funds, and then let's also buy some stocks of things that you normally buy their product." What a simple concept. >> Business. >> Is the one of the best assets. [music] Every person in the future will be an entrepreneur. I mean, you look at freelancers and fractional owners and Uber drivers [music] and Airbnb people. They all have a full-time job, and then they have to do a side hustle. It's also the best place to develop yourself. >> AI subscriptions. >> Asset, man. For the price of going out a couple times [music] a month, you get access to more horsepower to solve the biggest problems you have in your life. Massive return.