Wazobia Info

Menu
  • Home
  • Contact Us
    • About Us
    • Privacy Policy
  • Jobs Vacancy
  • N-Power
  • Education
  • NYSC
  • Scholarships
  • Tech
  • Travels
  • Canada Government Jobs

Get Latest News | Jobs | Education And Entertainment Info...

Wazobia Info Search
Home
Education
Difference Between Assets and Liability
Education

Difference Between Assets and Liability

Wazobia
SHARE to HELP OTHERS

Do you really want to know the difference between Assets and Liability? If yes, this post is strictly for you. Please carefully read through because this post contains all the information you need about Assets and Liability.

Difference Between Assets and Liability

In 1990, Shina Peters built a house with N20 million naira; the same year Jim Ovia started Zenith Bank with the same amount.

Today, you and I don’t have a room in Shina’s house but I have an account in Jim’s bank and probably you do too.

Difference Between Assets and Liability

Shina’s house was built in Iju Lagos and remains there till date. Jim’s bank started in a corner and now has over 500 branches in Nigeria, and many international branches.

RECOMMENDED: Health Insurance: Uninsured and Facing an Emergency? Know Your Rights!

Millions upon millions transact business in Jim’s bank daily. Shina’s house is becoming dilapidated…in 2015, he SPENT more money to renovate the house and bought a Nissan Pathfinder with N10 million additional liability, while in the same 2015, Jim’s bank MADE a profit of N105.7 billion.

Zenith bank employs hundreds of thousands, and feeds their families. This is the difference between Assets and Liability. If you buy a car for N20 million today, in 20 years time, you will be ashamed to drive it.

On the other hand, if you invest that same amount in a lucrative business or in an asset, It may be worth billions in 20 years. ( Jim Ovia is now worth $980 million dollars, with the official dollar rate of N320, that means he is worth N313 BILLION NAIRA because of an investment of N20 million).

Related:  Why Do We Study Algebra?

Spend the little money you have today wisely. Some people driving expensive cars today, are not aware that they are driving their future and the future of their children.

SEE ALSO: Bitcoin, Explained for Beginners

Some people carrying iphone7 today, may not be aware that they are carrying their future.
When you are young, don’t spend money. Invest it. Every penny in your hand is like a seed, you can decide to eat it, or sow it. When you sow it, it will bear much more seeds later in future.

SHARE to HELP OTHERS
Google+
Share
Tweet
Email
Prev Article
Next Article

Related Articles

JAMB Result Checker
Here is a post which will give you the full …

How To Reprint JAMB UTME Exam Slip For Free – Check Here

check your NECO GCE result
NECO GCE Results 2022 – This is to inform the …

How To Check NECO GCE Results – Check Your NECO GCE Results Here

One Response

  1. Samaila lawali

    Thanks for rec

Leave a Reply

Cancel reply

https://chat.whatsapp.com/E5ROEsCndw12G27I5lPCO8

Subscribe to Our Latest Job Updates

Enter your email address to subscribe to our Job updates and receive notifications of new Jobs

Latest Jobs

  • Italian Scholarships Without IELTS | Fully Funded →

  • 15 Passive Income Ideas to Help You Make Money in 2022 →

  • Countries With Visa Lottery for Africans 2022/2023 →

  • European Countries with Visa Lottery – Check Here →

  • Scholarships in Belarus Without IELTS | Fully Funded →

  • Royal Thailand Government Scholarships 2022 | Fully Funded →

  • Turkish Scholarships Without IELTS | Fully Funded →

  • Moniepoint Agent Loan – How to Access Moniepoint Loan without any Collacteral →

Wazobia Info

Copyright © 2023 Wazobia Info

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh
 

Loading Comments...