Virtual Assets

Most people struggle to earn enough money to fulfill their needs and wants, let alone enjoying financial freedom. In this time of financial and economic crisis, the situation has become more severe. Many people are jobless and they have to do odd jobs just to survive.

The problem exist simply because majority of us don't know the art of financial management. Not many people keep track of their household income and expenditures, and they always end up spending more than necessary, and accumulate more debts than savings. In fact, most of us find that we will never save enough!

To step out of this vicious cycle, we need to master the knowledge of financial management. Financial management is not as difficult as most of us think, it simply involve the management of assets and liabilities. Assets are something that we own that can generate monetary value while liabilities will cost us money. For example, if you are getting rental from a real estate property, and you are making a profit out of it, this is your asset. However, if the rental from the same piece of property not enough to cover the maintenance and mortgage payments, it becomes your liability.

Acquiring a physical real estate is not easy, you need quite a bit of initial capital outlay. Besides, you need some investment knowledge too, otherwise you will end up losing money. However, I'm not talking about physical assets here. What I want to highlight here is something call Virtual Asset. The beauty of virtual asset is it doesn't required big initial outlay to acquire, it can actually be created for free! You will sure ask me: HOW? OKay, I will explain it in the next post.