Nice post IlyasTarar. There are many valuable lessons to be extracted out of this ''assests and liabilities'' concept. Unfortunately we see people everyday who wish for the newest models of smartphones, luxury cars without caring about the income streams they might have. This can be a great help to those.
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The concepts of asset and liability are the real key to financial edge in this world. It's sad that we never had a system to get educated on it.
Very right, we don't even know the meaning of assets and liabilities unless they get accounting courses. After reading this article, I have started to get my car with Uber or Careem :) upvoted and resteemed!
Wow! That's great. I'm glad this article has already made an impact on you. Thank you!