Assets And Liabilities Quotes

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I find so many people struggling, often working harder, simply because they cling to old ideas. They want things to be the way they were; they resist change. I know people who are losing their jobs or their houses, and they blame technology or the economy or their boss. Sadly they fail to realize that they might be the problem. Old ideas are their biggest liability. It is a liability simply because they fail to realize that while that idea or way of doing something was an asset yesterday, yesterday is gone.
Robert T. Kiyosaki (Rich Dad, Poor Dad)
Ladies if A Man is More Invested and Concerned About Your Assets....He Is A Liability
Mo Stegall
When we look at asset protection from a natural perspective, we realize that in nature, assets are protected not with fences or walls but with internal and external immune systems. So the best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
Consider the idea that charisma can be as much a liability as an asset. Your strength of personality can sow the seeds of problems, when people filter the brutal facts from you.
Jim Collins
An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
Robert T. Kiyosaki (Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!: What the Rich Teach Their Kids About Money That the Poor and the Middle Class Do Not)
If you'd like to gain a new understanding of assets and liabilities, get into gardening.
Hendrith Vanlon Smith Jr.
Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is rule number one. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability. “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets, “ said rich dad.
Robert T. Kiyosaki (Rich Dad Poor Dad)
You may wish to spend a moment thinking about whether this person is an asset or a liability to your company
G.R. Reader (Off-Topic: The Story of an Internet Revolt)
Legacy accounting: Will you have been an asset or a liability on the world's balance sheet?
Ryan Lilly
As far as me being a liability? I’m just as good with a sword as I am with a bow, and I’m damn good with a bow. Probably better than most here. I am an asset,” I said. “And as far as being a distraction to Casteel, that’s his weakness. Not mine.
Jennifer L. Armentrout (A Kingdom of Flesh and Fire (Blood and Ash, #2))
You are not a burden to be endured. You are an asset to be desired, preserved and celebrated.
Paul Bamikole
Rich people acquire assets. The poor and the middle class acquire liabilities that they think are assets.
Robert T. Kiyosaki (Rich Dad, Poor Dad)
No matter what line of work you do, success cannot truly be achieved until you own who you are. The most offensive liability then becomes an asset. It makes you perform your best, regardless of the challenges you might face.
Ron Perlman (Easy Street: The Hard Way)
Cassia doesn't like to sort people. I'm all too good at it and I worry I'll grow to like it too much.It's a talent.[...]And all it takes is a misstep or two for that talent to become a liability instead of an asset.
Ally Condie (Crossed (Matched, #2))
Charisma can be as much a liability as an asset, as the strength of your leadership personality can deter people from bringing you the brutal facts.
Jim Collins (Good to Great: Why Some Companies Make the Leap...And Others Don't)
Rule One. You must know the difference between an asset and a liability, and buy assets.
Robert T. Kiyosaki (Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!: What the Rich Teach Their Kids About Money That the Poor and the Middle Class Do Not)
Taking an inventory of mental assets and liabilities, you will discover that your greatest weakness is lack of self-confidence. This handicap can be surmounted - and timidity translated into courage - through the aid of the principle of autosuggestion.
Napoleon Hill (Think and Grow Rich)
Your brain can be your most powerful asset. But if not used properly, it can be your most powerful liability.
Robert T. Kiyosaki (Rich Dad's Guide to Investing)
Our brains are either our greatest assets or our greatest liabilities.
Robert T. Kiyosaki
our intuitions will be our biggest liabilities, and our imaginations will be our greatest assets.
Ed Yong (An Immense World: How Animal Senses Reveal the Hidden Realms Around Us)
A company can accept lower margins when it has less debt. Debt forces prices up and because of the risk it adds to the company, it also forces continuous wider margins.
Hendrith Vanlon Smith Jr.
Use our memories as an asset not as a liability. Don't let it be our inner curse but share them as a rare gift.
Angelica Hopes (Landscapes of a Heart, Whispers of a Soul (Speranza Odyssey Trilogy, #1))
If we allow ourselves to become pushovers, then our kindness stops being an asset and becomes a liability.
Fran Hauser (The Myth Of The Nice Girl: Achieving a Career You Love Without Becoming a Person You Hate)
Real power is—I don’t even want to use the word—fear,” Trump told us. “I bring rage out. I do bring rage out. I always have. I don’t know if that’s an asset or a liability, but whatever it is, I do.
Bob Woodward (Peril)
The liabilities of the bank thus became its deposits (on which it paid interest) plus its reserve (on which it could collect no interest); its assets became its loans (on which it could collect interest).
Niall Ferguson (The Ascent of Money: A Financial History of the World: 10th Anniversary Edition)
Every innovation—technological, sociological, or otherwise—begins as a crusade, organizes itself into a practical business, and then, over time, degrades into common exploitation. This is simply the life cycle of how human ingenuity manifests in the material world. What goes forgotten, though, is that those who partake in this system undergo a similar transformation: people begin as comrades and fellow citizens, then become labor resources and assets, and then, as their utility shifts or degrades, transmute into liabilities, and thus must be appropriately managed.
Robert Jackson Bennett (Foundryside (The Founders Trilogy, #1))
You do not seem to realize that beauty is a liability rather than an asset - that in view of the fact that spirit creates form we are justified in supposing that you must have brains. For you, a symbol of the unit, stiff and sharp, conscious of surpassing by dint of native superiority and liking for everything self-dependent, anything an ambitious civilization might produce: for you, unaided, to attempt through sheer reserve, to confuse presumptions resulting from observation, is idle. You cannot make us think you a delightful happen-so. But rose, if you are brilliant, it is not because your petals are the without-which-nothing of pre-eminence. Would you not, minus thorns, be a what-is-this, a mere perculiarity? They are not proof against a worm, the elements, or mildew; but what about the predatory hand? What is brilliance without co-ordination? Guarding the infinitesimal pieces of your mind, compelling audience to the remark that it is better to be forgotten than to be re- membered too violently, your thorns are the best part of you.
Marianne Moore
Take what you get, and make the best of it. Make it an asset not a liability
Haven Angel
...Chris answered that careers were demeaning "twentieth-century inventions," more of a liability than an asset, and that he would do fine without one, thank you.
Jon Krakauer (Into the Wild)
An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket. This is really all you need to know.
Robert T. Kiyosaki (Rich Dad Poor Dad)
Love is your greatest asset, fear is your greatest liability, and joy is your greatest reward.
Matshona Dhliwayo
A liability is anything that causes you to spend money and results in net value decreases.
Hendrith Vanlon Smith Jr.
Whenever expenses become greater than income, it is inevitable that liabilities will become greater than assets.
Hendrith Vanlon Smith Jr.
On this journey through nature’s Umwelten, our intuitions will be our biggest liabilities, and our imaginations will be our greatest assets.
Ed Yong (An Immense World: How Animal Senses Reveal the Hidden Realms Around Us)
If I am so terribly limited as to view my handicaps as nothing more than lamentable limitations, then I have taken some of my greatest God-given assets and completely handicapped them.
Craig D. Lounsbrough (An Intimate Collision: Encounters with Life and Jesus)
Every day, people sacrifice their time for tiny nuggets of wealth, where time is the liability and not the asset. Anything that steals time and doesn’t have the power to free time is a liability.
M.J. DeMarco (The Millionaire Fastlane)
Business credit should be utilized to facilitate income growth and expense reduction. If you view business credit as liquidity you're going to get into trouble because on the receiving side, credit is a liability not an asset - It has to be paid back out of future income. So think about that. Your business can only pay back a loan plus interest if future income is greater than present income and future expenses are less than present expenses. To put it bluntly, credit must facilitate profit.
Hendrith Vanlon Smith Jr. (Business Essentials)
As a matter of fact, in our personal lives, as in the lives of all peoples, inferiorities are not to be considered as the source of all evil. Only the situation can determine whether they are assets or liabilities.
Alfred Adler (Understanding Human Nature: The psychology of personality)
You choose to stay with me, them I'm going to fuck you." My jaw dropped. "What?" "You heard me. That's the only reason I keep you around, I mean, come on, princess," he continued derisively, "you're more of a liability than an asset in this line of work. But having an easy lay within reach is convenient." It's just a matter of time before you spread your legs for me." ... "Blane doesn't have to know," he said, his hand cupping my breast through my thin t-shirt. "I'll fuck you, then you can back to him, and only you and I will know he got my sloppy seconds.
Tiffany Snow (Turning Point (Kathleen Turner, #3))
If you do not protect your assets, you will soon have no assets. If you do protect your assets, you will be in a position to obtain additional assets and grow your wealth even more. There is no intermediate ; only digression or progression; only deterioration or improvement; only growth or decay.
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
Our liabilities pose the problem of inadequacy; our our assets, the challenge of responsibility. Our strengths or virtues can make us feel alone, alienated, cut off from the common herd, a target for envy and hostility, and our desire to belong can overcome any desire to actualise our highest potential.
Nathaniel Branden (How to Raise Your Self-Esteem: The Proven Action-Oriented Approach to Greater Self-Respect and Self-Confidence)
In the agricultural age, women conceived younger and had many more children because children were economic assets as workers on the farm. In the postindustrial age, children are emotional assets but economic liabilities, costing both a middle-class husband and wife or a single parent over $10,000 a year.
Rachel Lehmann-Haupt (In Her Own Sweet Time: Egg Freezing and the New Frontiers of Family)
Labor-saving devices, led by the computer, are encouraging more production and more unemployment. Automation may thus be classified as both asset and liability. It can eliminate a great deal of dull, monotonous labor, but if unrelieved idleness is the end result, the cure may be worse than the disease. The evidence strongly indicates that man is a working animal—in the sense of needing an activity that involves hand and brain, and that makes sense to him.
Stuart Chase (The Most Probable World:)
Knowledge is the ability to obtain, process and use information, so that it benefits you as an asset and not a liability
Kloby
My heart is my best asset, my heart is my biggest liability.
QuietStormPoet
I vote you fire him and then kick his ass so your liability is reduced to only your personal assets versus the company’s.
Mimi Jean Pamfiloff (Fugly (Fugly #1))
Most importantly, we have our assets: an émigré who has returned to his native town. And we have our liabilities: he is afraid the GPU will take him away.
Ilya Ilf (The Twelve Chairs)
Two of the things to look out for are that operational cash flows should match or be close to profit levels, and current assets should exceed current liabilities.
Matthew Kidman (Bulls, Bears & A Croupier: The insider's guide to profiting from the Australian stock market.)
If you are not an asset for humanity then you are a liability for humanity.
Deepak Burfiwala (Self-Ignorance Is Your Problem. Self-Awareness Is Your Solution.: Success Is Your Birthright! Life Is Yours and You Are the Pilot of It, Do Something about It.)
You can never let the market quote turn from an asset to a liability. Graham
Jeremy C. Miller (Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor)
You must know the difference between an asset and a liability, and buy assets.
Robert T. Kiyosaki (Rich Dad Poor Dad)
Grace is a network, not hook-work. Your networking grace is what determines your networth in life which is the amount by which your assets will exceed your liabilities.
Benjamin Suulola
Your business’ debt is a lenders investment and your business’ liability is a lenders asset.
Hendrith Vanlon Smith Jr. (Capital Acquisition: Small Business Considerations for How to Get Financing)
and I knew I would not panic again. The next time something came at us, I would be ready. An asset, not a liability.
Stephenie Meyer (The Twilight Saga Complete Collection (Twilight, #1-4, Bree Tanner))
The money received has to be separated into Income and Liability. Money spent must be separated into Expense and Asset. And Income less Expense will give us profit.
Anil Lamba (Romancing The Balance Sheet)
Invest your money in such a way that the assets will generate an inflow of funds before the liabilities demand an outflow.
Anil Lamba (Romancing The Balance Sheet)
Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities.
Robert T. Kiyosaki (Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!)
When being in a relationship with a great man focus on being an asset to your king and not a liability
Angel Moreira
A man’s ego in his greatest asset or his greatest liability, according to the way he relates himself to it.
Napoleon Hill (The Master Key to Riches)
Work hard, persevere and help without hesitation to become an Asset instead of Liability.
Edwin Calingasan
The company’s working capital is the amount of money left over after you subtract current liabilities from current assets. Current Assets  –  Current Liabilities  =  Working Capital
Thomas R. Ittelson (Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports)
Seeing and acknowledging how gifted assets can get out of control and become liabilities is possibly the most significant step in the quest to complete healing. Consequently we must deal with the shadow side of giftedness—our false-self reactions to people and situations when our primary wounds are reopened—or when our unmanaged assets turn against us in the form of disorderly conduct.
Mary-Elaine Jacobsen (The Gifted Adult: A Revolutionary Guide for Liberating Everyday Genius(tm))
our inner voice can be both a liability and an asset. The words streaming through our heads can unravel us, but they can also drive us toward meaningful accomplishments…if we know how to control them.
Ethan Kross (Chatter: The Voice in Our Head, Why It Matters, and How to Harness It)
It is Jerry's theory that the Swede is nice, that is to say passive, that is to say trying always to do the right thing, a socially controlled character who doesn't burst out, doesn't yield to rage ever. Will not have the angry quality as his liability, so doesn't get it as an asset either. According to this theory, it's the no-rage that kills him in the end. Whereas aggression is cleansing or curing.
Philip Roth (American Pastoral)
Even for taxable clients, mutual fund managers supervised the assets in very much the same way, simply ignoring the tax impact and passing the tax liability through to largely unsuspecting fund shareholders.
John C. Bogle (The Clash of the Cultures: Investment vs. Speculation)
Book Value Book value represents the value at which assets are carried on the “books” of the company. The book value of a company is defined as its total assets less its current liabilities and less any long-term debt.
Thomas R. Ittelson (Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports)
The critical nature of 'choices' -- [the] timing will prove to be an asset or liability; it will reward wisdom or expose stupidity. Either way, we learn from the path of suffering or satisfaction… by choice or by design.
T.F. Hodge (From Within I Rise: Spiritual Triumph over Death and Conscious Encounters With the Divine Presence)
The reframing of female difficulty as an asset rather than a liability is the result of decades and decades of feminist thought coming to bear—suddenly, floridly, and very persuasively—in the open ideological space of the internet.
Jia Tolentino (Trick Mirror)
Depression was, indeed, the hand of a friend trying to press me down to ground on which it was safe to stand—the ground of my own truth, my own nature, with its complex mix of limits and gifts, liabilities and assets, darkness and light.
Parker J. Palmer (Let Your Life Speak: Listening for the Voice of Vocation)
Taking inventory of mental assets and liabilities, you will discover that your greatest weakness is lack of self-confidence. This handicap can be surmounted, and timidity translated into courage, through the aid of the principle of auto-suggestion. The application of this principle may be made through a simple arrangement of positive thought impulses stated in writing, memorized, and repeated, until they become a part of the working equipment of the subconscious faculty of your mind.
Napoleon Hill (Think and Grow Rich)
Unconditional love shows love to a child no matter what. We love regardless of what the child looks like; regardless of her assets, liabilities, or handicaps; regardless of what we expect her to be; and, most difficult of all, regardless of how she acts.
Gary Chapman (The 5 Love Languages of Children)
Every ‘asset’ is a ‘liability’, unless proven otherwise - even your (share) capital is put under ‘liability’ head, or for that matter manpower as well. Now one who can be the soul of a family, company, society or country and turns these around is a true CEO.
Sandeep Sahajpal
Faith is the oil that takes the friction out of living. Faith will enable you to turn liabilities into assets and stumbling blocks into stepping stones. When you begin to have faith, your load will get heavy but your knees won’t buckle, you’ll get knocked down but you won’t get knocked out. You’ve got to have faith if you are going to make it in life. You must believe in yourself and in a power greater than yourself, and do your best and don’t worry about the rest. You must maintain faith and work as if everything depended on you, and pray as if everything depended on God.
T.D. Jakes (Why? because You're Anointed)
In fact, wealth-maximizing individuals compare the after-tax costs of debt with the after-tax returns from bonds, liquidating bond positions to pay off loans when the costs of debt exceed the returns from bonds. Rational investors consider liability positions when making asset allocations.
David F. Swensen (Unconventional Success: A Fundamental Approach to Personal Investment)
Taking wildly different positions on the value of assets and using his emotional state to justify those valuations helps explain something else Trump has done repeatedly. Congress requires all presidential candidates to file a financial disclosure statement listing their assets, liabilities, and income. Trump’s ninety-two-page disclosure report valued one of his best-known properties at more than $50 million. But he told tax authorities the same property was worth only about $1 million. He valued another signature Trump property at zero—and demanded the return of the property taxes he had already paid.
David Cay Johnston (The Making of Donald Trump)
I bring rage out. I do bring rage out. I always have. I don’t know if that’s an asset or a liability, but whatever it is, I do.” Presidential candidate Donald J. Trump in an interview with Bob Woodward and Robert Costa on March 31, 2016, at the Old Post Office Pavilion, Trump International Hotel, Washington, D.C.
Bob Woodward (Rage)
For every transaction, a journal entry must be recorded that includes both a debit and a credit. Debits increase asset accounts and decrease equity and liability accounts. Credits decrease asset accounts and increase equity and liability accounts. Debits increase expense accounts, while credits increase revenue accounts.
Mike Piper (Accounting Made Simple: Accounting Explained in 100 Pages or Less)
He himself set the example, throwing away, with a spectacular gesture, a gold watch, a gold cigarette case, and several golden sovereigns. Naturally, after witnessing this action, which brought home to me at any rate the shifting values in life and the knowledge that there are times when gold can be a liability instead of an asset
Frank A. Worsley (Endurance: An Epic of Polar Adventure)
The Noser and the Note The Head Rifler of an insolvent bank, learning that it was about to be visited by the official Noser into Things, placed his own personal note for a large amount among its resources, and, gaily touching his guitar, awaited the inspection.  When the Noser came to the note he asked, “What’s this?” “That,” said the Assistant Pocketer of Deposits, “is one of our liabilities.” “A liability?” exclaimed the Noser.  “Nay, nay, an asset.  That is what you mean, doubtless.” “Therein you err,” the Pocketer explained; “that note was written in the bank with our own pen, ink, and paper, and we have not paid a stationery bill for six months.” “Ah, I see,” the Noser said, thoughtfully; “it is a liability.  May I ask how you expect to meet it?” “With fortitude, please God,” answered the Assistant Pocketer, his eyes to Heaven raising—“with fortitude and a firm reliance on the laxity of the law.” “Enough, enough,” exclaimed the faithful servant of the State, choking with emotion; “here is a certificate of solvency.” “And here is a bottle of ink,” the grateful financier said, slipping it into the other’s pocket; “it is all that we have.
Ambrose Bierce (Fantastic Fables)
does. Unconditional love shows love to a child no matter what. We love regardless of what the child looks like; regardless of her assets, liabilities, or handicaps; regardless of what we expect her to be; and, most difficult of all, regardless of how she acts. This does not mean that we like all of her behavior. It does mean that we give and show love to our child all the time, even when her behavior is poor.
Gary Chapman (The 5 Love Languages of Children)
A global financial cabal engineered a fraudulent housing and debt bubble [2008], illegally shifted vast amounts of capital out of the US; and used 'privatization' as a form of piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder Clearly, there was a global financial coup d'etat underway.
Catherine Austin Fitts
Every innovation—technological, sociological, or otherwise—begins as a crusade, organizes itself into a practical business, and then, over time, degrades into common exploitation. This is simply the life cycle of how human ingenuity manifests in the material world. What goes forgotten, though, is that those who partake in this system undergo a similar transformation: people begin as comrades and fellow citizens, then become labor resources and assets, and then, as their utility shifts or degrades, transmute into liabilities, and thus must be appropriately managed. This is a fact of nature just as much as the currents of the winds and the seas. The flow of force and matter is a system, with laws and maturation patterns. We should harbor no guilt for complying with those laws—even if they sometimes require a little inhumanity. —TRIBUNO CANDIANO, LETTER TO THE COMPANY CANDIANO CHIEF OFFICER’S ASSEMBLY
Robert Jackson Bennett (Foundryside (The Founders Trilogy, #1))
Public ignorance and anti-intellectualism are not identical, of course, but they are certainly kissing cousins. Both foster the rise of candidates who regard a broad knowledge of history, science, and culture, and a decent command of their native language as political liabilities rather than assets - and who frequently try to downplay these qualities, even if they possess them, in order to pander to a public that considers conspicuous displays of learning a form of snobbery.
Susan Jacoby (The Age of American Unreason)
All of you were given two great gifts: your mind and your time. It is up to you to do what you please with both. With each dollar bill that enters your hand, you, and only you, have the power to determine your destiny. Spend it foolishly, and you choose to be poor. Spend it on liabilities, and you join the middle class. Invest it in your mind and learn how to acquire assets, and you will be choosing wealth as your goal and your future. The choice is yours, and only yours. Every day with every dollar, you decide to be rich, poor, or middle class.
Robert T. Kiyosaki (Rich Dad Poor Dad)
the myth of what we might term, simply, freedom—the myth that the less encumbered and entangled I am, or the less accountable and anchored I am to a particular relationship, the better able I am to find my truest self and secure real happiness. This myth is so ingrained in our imaginations, I suspect, that it may undergird and nurture all the other myths Myers mentions. And it’s not hard to see how it strikes at the root of friendship. If your deepest fulfillment is found in personal autonomy, then friendship—or at least the close kind I want to recommend in these pages—is more of a liability than an asset.
Wesley Hill (Spiritual Friendship: Finding Love in the Church as a Celibate Gay Christian)
The fragmentation of the neoliberal self begins when the agent is brought face to face with the realization that she is not just an employee or student, but also simultaneously a product to be sold, a walking advertisement, a manager of her résumé, a biographer of her rationales, and an entrepreneur of her possibilities. She has to somehow manage to be simultaneously subject, object, and spectator. She is perforce not learning about who she really is, but rather, provisionally buying the person she must soon become. She is all at once the business, the raw material, the product, the clientele, and the customer of her own life. She is a jumble of assets to be invested, nurtured, managed, and developed; but equally an offsetting inventory of liabilities to be pruned, outsourced, shorted, hedged against, and minimized. She is both headline star and enraptured audience of her own performance.
Philip Mirowski (Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown)
Faith is all about trusting God even when you don’t understand His plan. God could have healed David just like He restored my sister Lisa. But God is sovereign. I don’t claim to understand it all, but I do know this: God is good. He has a great plan for your life, a destiny for you to fulfill. No matter how many disadvantages or setbacks you must deal with, if you shake off the self-pity, stop blaming, and keep pressing forward, nothing will be able to keep you from becoming all that God created you to be. Stop making excuses. Quit dwelling on disappointments, on the unfairness and hurt inflicted upon you. Know that God has something great coming your way. The worst handicaps are those you place on yourself. Too many people are waiting for God to make them perfect before they pursue their dreams and destinies. Go after yours right now. Honor God with what you have. He wants to take your liabilities and turn them into assets. First, though, you have to accept that God may not remove your challenge, but He will use it to your advantage.
Joel Osteen (Every Day a Friday: How to Be Happier 7 Days a Week)
Revitalized and healthy, I started dreaming new dreams. I saw ways that I could make a significant contribution by sharing what I’ve learned. I decided to refocus my legal practice on counseling and helping start-up companies avoid liability and protect their intellectual property. To share some of what I know, I started a blog, IP Law for Startups, where I teach basic lessons on trade secrets, trademarks, copyrights, and patents and give tips for avoiding the biggest blunders that destroy the value of intellectual assets. Few start-up companies, especially women-owned companies that rarely get venture capital funding, can afford the expensive hourly rates of a large law firm to the get the critical information they need. I feel deeply rewarded when I help a company create a strategy that protects the value of their company and supports their business dreams. Further, I had a dream to help young women see their career possibilities. In partnership with my sister, Julie Simmons, I created lookilulu.com, a website where women share their insights, career paths, and ways they have integrated motherhood with their professional pursuits. When my sister and I were growing up on a farm, we had a hard time seeing that women could have rewarding careers. With Lookilulu® we want to help young women see what we couldn’t see: that dreams are not linear—they take many twists and unexpected turns. As I’ve learned the hard way, dreams change and shift as life happens. I’ve learned the value of continuing to dream new dreams after other dreams are derailed. I’m sure I’ll have many more dreams in my future. I’ve learned to be open to new and unexpected opportunities. By way of postscript, Jill writes, “I didn’t grow up planning to be lawyer. As a girl growing up in a small rural town, I was afraid to dream. I loved science, but rather than pursuing medical school, I opted for low-paying laboratory jobs, planning to quit when I had children. But then I couldn’t have children. As I awakened to the possibility that dreaming was an inalienable right, even for me, I started law school when I was thirty; intellectual property combines my love of law and science.” As a young girl, Jill’s rightsizing involved mustering the courage to expand her dreams, to dream outside of her box. Once she had children, she again transformed her dreams. In many ways her dreams are bigger and aim to help more people than before the twists and turns in her life’s path.
Whitney Johnson (Dare, Dream, Do: Remarkable Things Happen When You Dare to Dream)
The stars aligned for Justin Trudeau in the last few weeks of the campaign. "Ultimately, voters opted for a change of government. If the Liberals hadn't done all their work. the NDP would have won the election. Anyway, the strongest desire felt by voters was to get rid of the Conservatives," says pollster Jean-Marc Leger. In Quebec, Trudeau exceeded all expectations by winning 40 of the province's 78 seats. Vote-splitting by the NDP and the Bloc handed victory to the Liberals in several Quebec ridings. The last time the Liberals had made that many gains was in 1980 when Pierre Elliot Trudeau won 74 of the province's 75 seats. The Liberals swept the four Atlantic provinces, a historical first. The party won all 32 seats there, in strongholds where the Conservatives were well established. The Liberal game plan - whatever its shortcomings - had what it took to get the Liberal Party of Canada from third place to victory in a single election. This was another historical first. "To turn a situation like that around the way Trudeau did is exceptional," says Jean-Marc Leger. "There was a desire for him to succeed, and he did succeed." For Justin Trudeau, the Trudeau name had long been both an asset and a liability. The son had inherited his father's old party but now he had rebuilt it in his own image. He had run his campaign his way. This was his victory, and his alone.
Huguette Young (Justin Trudeau: The Natural Heir)
(Note: The following was written in 2003, before the full implication of US military commitment in Afghanistan and Iraq could be fully appreciated. The passage also predates US drone attacks against targets in Pakistan and Yemen - to say nothing of Israeli affairs since 2003. It is unknown if and how the author's comments would change if he were writing the same today.) The value of Israel to the United States as a strategic asset has been much disputed. There have been some in the United States who view Israel as a major strategic ally in the region and the one sure bastion against both external and regional enemies. Others have argued that Israel, far from being a strategic asset, has been a strategic liability, by embittering U.S. relations with the Arab world and causing the failure of U.S. policies in the region. But if one compares the record of American policy in the Middle East with that of other regions, one is struck not by its failure but by its success. There is, after all, no Vietnam in the Middle East, no Cuba or Nicaragua or El Salvador, not even an Angola. On the contrary, throughout the successive crises that have shaken the region, there has always been an imposing political, economic, and cultural American presence, usually in several countries - and this, until the Gulf War of 1991, without the need for any significant military intervention. And even then, their presence was needed to rescue the victims of an inter-Arab aggression, unrelated to either Israelis or Palestinians. (99)
Bernard Lewis (The Crisis of Islam: Holy War and Unholy Terror)
No child of God should be struggling to survive or be a liability, when he should be an asset to the kingdom of God and an asset to his generation. God has created you, not for troubles, but for triumph.
David Oyedepo (Anointing for Exploits)
Companies such as Unilever or Prudential are coming to us and saying, ‘We’re very interested in building better data relationships. Can we leverage your platform? We’re very interested in reducing our data liability.’ They’re seeing that data is increasingly a toxic asset inside of corporations.
Don Tapscott (Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World)
These organizations agree on three major approaches to business valuation:  The asset approach: Also known as the cost approach, this valuation approach is based on finding the fair market value of assets (the easiest ones to value are tangible assets) and deducting the liabilities to determine the net asset value or the net worth of the business.  The market approach: This approach compares your company or a target company with similar companies. You can use comparisons to publicly traded companies or actual sales transactions for similar businesses. These valuations are frequently expressed in ratio form.  The income approach: This approach focuses on the future economic benefits you're anticipating from a business —better known as income. This amount is expressed in today's dollars, and is also known as present value.
Lisa Holton (Business Valuation For Dummies)
Forming a corporation is simple. Essentially, you file a document that creates an independent legal entity with a life of its own. It has its own name, business purpose, and tax identity with the IRS. As such, it—the corporation—is responsible for the activities of the business. In this way, the owners, or shareholders, are protected. The owners’ liability is limited to the monies they used to start the corporation, not all of their other personal assets. If an entity is to be sued it is the corporation, not the individuals behind this legal entity.
Garrett Sutton (Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad Advisors))
Taking inventory of mental assets and liabilities, you will discover that your greatest weakness is lack of self-confidence. This handicap can be surmounted, and timidity translated into courage, through the aid of the principle of autosuggestion. The application of this principle may be made through a simple arrangement of positive thought impulses stated in writing, memorized, and repeated, until they become a part of the working equipment of the subconscious faculty of your mind. SELF-CONFIDENCE FORMULA First. I know that I have the ability to achieve the object of my Definite Purpose in life, therefore, I DEMAND of myself persistent, continuous action toward its attainment, and I here and now promise to render such action. Second. I realize the dominating thoughts of my mind will eventually reproduce themselves in outward, physical action, and gradually transform themselves into physical reality, therefore, I will concentrate my thoughts for thirty minutes daily, upon the task of thinking of the person I intend to become, thereby creating in my mind a clear mental picture of that person. Third. I know through the principle of auto-suggestion, any desire that I persistently hold in my mind will eventually seek expression through some practical means of attaining the object back of it, therefore, I will devote ten minutes daily to demanding of myself the development of SELF-CONFIDENCE. Fourth. I have clearly written down a description of my DEFINITE CHIEF AIM in life, and I will never stop trying, until I shall have developed sufficient self-confidence for its attainment. Fifth. I fully realize that no wealth or position can long endure, unless built upon truth and justice, therefore, I will engage in no transaction which does not benefit all whom it affects. I will succeed by attracting to myself the forces I wish to use, and the cooperation of other people. I will induce others to serve me, because of my willingness to serve others. I will eliminate hatred, envy, jealousy, selfishness, and cynicism, by developing love for all humanity, because I know that a negative attitude toward others can never bring me success. I will cause others to believe in me, because I will believe in them, and in myself.
Napoleon Hill (Think and Grow Rich [Illustrated & Annotated])
To become financially independent, you need to keep your expenses low, limit or eliminate your liabilities, and, accumulate assets or investments that pay you an income. You must keep your expenses low so that you have enough income to acquire assets or investments on a regular basis. The earlier you start, the sooner you will become financially independent
Robert G. Beard Jr. (The Best Kept Secret to Financial Freedom)
Contrary to popular opinion, a home is not an asset for creating real wealth, it is a liability.22 Your home does not generate any income; it is a Money Pit. You have to pay the mortgage, utilities, maintenance, property taxes that continue to go up each year, and, insurance that tends to also increase annually. After so many years, kitchens need remodeling, carpets & flooring replaced, and, painting and decorating requiring new furniture to match the updated changes. And, the larger the home the more furniture that is needed to fill it up.
Robert G. Beard Jr. (The Best Kept Secret to Financial Freedom)
Keep expenses low, reduce liabilities, and diligently build a base of solid assets. For young people who have not yet left home, it is important for parents to teach them the difference between an asset and a liability. Get them to start building a solid asset column before they leave home, get married, buy a house, have kids, and get stuck in a risky financial position, clinging to a job, and buying everything on credit. I see so many young couples who get married and trap themselves into a lifestyle that will not let them get out of debt for most of their working years.
Robert T. Kiyosaki (Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That The Poor And Middle Class Do Not!)
To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column. As stated earlier, the number-one rule is to know the difference between an asset and a liability, and to buy assets. The rich focus on their asset columns, while everyone else focuses on their income statements.
Robert T. Kiyosaki (Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That The Poor And Middle Class Do Not!)
The rich buy assets. •​The poor only have expenses. •​The middle class buy liabilities they think are assets.
Robert T. Kiyosaki (Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That The Poor And Middle Class Do Not!)