- 22
- 36 209
Simon Walton
United Kingdom
Приєднався 18 гру 2016
Turning 'once upon a time' into 'happily ever after!' 🏡
I started this channel years ago: trying to help people with personal finances and a bit of vlogging along the way of my day-to-day business ventures!
Join me on my journey.
I started this channel years ago: trying to help people with personal finances and a bit of vlogging along the way of my day-to-day business ventures!
Join me on my journey.
Assets vs. Liabilities | What’s the difference?
Glad you’re here! Today’s video is all about money, so let’s dive right in. In this video, we’ll be breaking down what makes an asset different from a liability. Whether you’re starting your first business or even if you simply want to brush up on some financial literacy - stick around.
🔍 What You’ll Learn:
- Definition and examples of assets and liabilities
- How to tell the difference between them
- The effect of these two things on personal as well as company finances
- Practical advice for managing your own assets and liabilities more effectively
📈 Why This Matters:
Assets are what will build wealth in your life; without them, it’s impossible. Being able to identify what is (and isn’t) an asset can help with decision making skills regarding how best use resources for financial success which then lays down foundations towards prosperity over time.
📌 Key Topics Covered:
- What actually is an Asset?
- What actually is a Liability?
- Examples of Common Assets and Liabilities
- The Role of Assets and Liabilities in Personal Finance
0:00 Introduction
0:10 What is an asset?
0:52 Types of assets
1:54 Is your house an asset?
2:20 Turn your house into an asset
3:57 example 2 on asset
6:38 what is a liability?
6:59 Difference between a good liability and a bad liability
8:35 Borrowing money to make money
11:13 End
Remember to 'Like', 'Subscribe', and click the 'Bell' icon for notifications on more useful content and latest updates. 👍🔔
For any questions or discussions, drop a comment below or reach out to us through email on info@protexfinancial.co.uk 📩
My Other Socials:
🌍 My website / blog - protexfinancial.co.uk
📸 Instagram - simonwalton_
📱 TikTok - www.tiktok.com/@simon_walton
👨💻 Linkedin - www.linkedin.com/in/simonthomaswalton/
🎥 Facebook - simon.walton.12
Meet ME!
If we haven’t yet before - Hey 👋 I’m Simon, a Mortgage Advisor in the UK. Through my videos here on this channel, I share evidence-based strategies and tools to help you be ahead of the curve when it comes to your home buying and mortgages needs.
🔍 What You’ll Learn:
- Definition and examples of assets and liabilities
- How to tell the difference between them
- The effect of these two things on personal as well as company finances
- Practical advice for managing your own assets and liabilities more effectively
📈 Why This Matters:
Assets are what will build wealth in your life; without them, it’s impossible. Being able to identify what is (and isn’t) an asset can help with decision making skills regarding how best use resources for financial success which then lays down foundations towards prosperity over time.
📌 Key Topics Covered:
- What actually is an Asset?
- What actually is a Liability?
- Examples of Common Assets and Liabilities
- The Role of Assets and Liabilities in Personal Finance
0:00 Introduction
0:10 What is an asset?
0:52 Types of assets
1:54 Is your house an asset?
2:20 Turn your house into an asset
3:57 example 2 on asset
6:38 what is a liability?
6:59 Difference between a good liability and a bad liability
8:35 Borrowing money to make money
11:13 End
Remember to 'Like', 'Subscribe', and click the 'Bell' icon for notifications on more useful content and latest updates. 👍🔔
For any questions or discussions, drop a comment below or reach out to us through email on info@protexfinancial.co.uk 📩
My Other Socials:
🌍 My website / blog - protexfinancial.co.uk
📸 Instagram - simonwalton_
📱 TikTok - www.tiktok.com/@simon_walton
👨💻 Linkedin - www.linkedin.com/in/simonthomaswalton/
🎥 Facebook - simon.walton.12
Meet ME!
If we haven’t yet before - Hey 👋 I’m Simon, a Mortgage Advisor in the UK. Through my videos here on this channel, I share evidence-based strategies and tools to help you be ahead of the curve when it comes to your home buying and mortgages needs.
Переглядів: 67
Відео
When Will Mortgage Rates Go Down? | UK Mortgage Rates in 2024
Переглядів 1663 місяці тому
Are Mortgage Rates about to start coming down? The Bank of England base rate is sticking at 5.25% and inflation rate is down to 3.4%, so what does this mean for the mortgage interest rates? 📉 Bank of England's base rate remains steady at 5.25%, while the inflation rate sees a decrease to 3.4%. But what do these figures mean for individuals and families looking to understand their mortgage inter...
Can I Change My Mortgage Interest Rate?
Переглядів 1295 місяців тому
Hey folks! 👋 Navigating the world of mortgage applications can be complex, particularly when it comes to understanding mortgage rates. In this video, we delve into the question, ‘Can I Change My Mortgage Rate Halfway Through My Mortgage Application?’ We kick things off with breaking down the mortgage application process, discussing the different stages involved and how rates can potentially cha...
Take Advantage of the 2024 Housing Market! Top 10 Tips for a First Time Buyers in the UK
Переглядів 6 тис.6 місяців тому
Welcome to the ultimate guide for first-time home buyers! 💼🏠 Are you planning to dive into the thrilling world of homeownership? Feeling a little lost or overwhelmed with where to start? Let us simplify the journey for you with our 'Top 10 Essential Tips for First-Time Buyers' video. In this comprehensive guide, we share insider secrets and invaluable advice to walk you confidently through this...
How To Save Money Buying A House?
Переглядів 106Рік тому
Two assessments will happen when you require a mortgage to purchase your first or even second home! The first one will be the personal check, where the lender will assess you as an individual, but the second check is the assessment of the property you are purchasing, also known as the "mortgage valuation". 🏡 In this video, I explain what to do if a lender returns to you and confirms the propert...
Starting a business: Cutting out the bullsh*t, in a positive way!
Переглядів 4205 років тому
Starting a business: Cutting out the bullsh*t, in a positive way!
Hey Simon ! I loved this video . I work with entrepreneurs like you who have around 100 subscribers to help them to grow to 10k subscribers in under 6 months with Proven Strategies and systems which includes all the services from like helping you with viral content ideas , high quality editing in your videos , high CTR thumbnails to Helping you with Growing your UA-cam Channel . I actually helped Chirag to achieve 92k subscribers in under 11 months . Could I do a free audit to see if I can help you do the same ? I just think it's really important that more people see your content and want to help you on that mission
Hey Simon ! I loved this video . I work with entrepreneurs like you who have around 100 subscribers to help them to grow to 10k subscribers in under 6 months with Proven Strategies and systems which includes all the services from like helping you with viral content ideas , high quality editing in your videos , high CTR thumbnails to Helping you with Growing your UA-cam Channel . I actually helped Chirag to achieve 92k subscribers in under 11 months . Could I do a free audit to see if I can help you do the same ? I just think it's really important that more people see your content and want to help you on that mission
Should I be talking twice as loud orrrrrr
You better 😈😂
Heheheeee
Hehe, love your videos.
POV Drake:ahhhhhhhhhhhhhhhhhhhhh
@@Cringeseventeen drake be screaming 😂
Talking so loud the camera can’t pick it up
@@TrentThatGuy 😎
Same
200+ if this is you lower your calories before you spit leftovers in my face😂😂😂😂
I hear that
😂😂😂
drake bouta be screaming
👀
CORALINE POSTER SPOTTED🗣🗣
@@Little.Nymph.BigHeart haha yeah ya did!
😂
My credit is bad does that mean I will never be accepted for a mortgage?
Not at all! Tbh, I’ve seen some crazy bad credit scores and we have still been able to source a mortgage for them. Just be proactive on fixing your report 🤙
5% only works if the property value and your salary is 4.5x the value of the house! This is what most people don't understand. As example if you earn 24k that is 108k if you want to buy house for 150k then you need 42k in deposit! that is if you are single of course.
Based on single occupancy yes, but most lenders aren’t too far away from 4.5x salary. Usually 4.75/5. So not much more and outgoings come into account differently also depending on lenders
Hi, thank you for uploading this video. I have a question as I am very interested in purchasing a house with a mortgage. Given the current global situation and the looming fear of war, I’ve researched and found that no home insurance companies cover destruction caused by war. I don’t mean to sound negative or morbid, but I would like an honest opinion about proceeding with a house purchase despite these concerns. While I understand that no one can predict the near future, my eagerness to own a home is being hindered by the current news and the fear of war. What is your opinion on this matter? Do you think it would be wise to buy a house this year? -Cath G.
Hi Cath! No problem at all, I hope it helped! You can buy a home with the option to get home insurance, which also includes war coverage! There will never be a "convenient time" to buy a home! So my suggestion would be, if you find something you love, go for it!
Hi Simon! Thanks for your response! Do you know any inusrance companies here in the with such coverage? Thank you!
@@orthodonticsclinic5021 where are you based?
@@simon_walton I am in Wales, UK
@@orthodonticsclinic5021 Give AXA a look :)
The houses I was looking at are flying off the market within days, no chance to negotiate.
It’s a crazy one at the moment! It’s definitely not following the traditional route of high interest rates = less home sales!
Promo`SM
Pardon bud?
Such a good and interesting video. Nice work.
Thank you chief! 4:07
These help so much! thank you!
Glad it helped! Anytime man! 💪
Love it
Thanks dude!
Really insightful video this, great content!
More than welcome chief!
Love it
This was so funny 😂
haha thanks!!
😂😂😂
Scoose me daddyy
Nice video, but please remove mirror because its distract my eyes :D
haha my bad! It's in the bin just for you ;)
"Promo sm" 😓
Huh??
Well I mean they would hate the owners of most banks
Nahhh. We gotta use em
Personally I prefer banks
We all Have to use em 😎
Why isn't there a pregnant barbie?...cause Ken comes in another box😅
😂😂
When barbies turn
😂😂😂
Really interesting! Thanks!
Glad you liked it!
What’s the answer ?
Soo in the uk… unless it’s oil, gas or certain precious metals, you own everything under your land baby!
No way!
So…. What’s the answer????
The answer is as long as you're not interfering with the guys bunker on the other side of the world then you're good 👍
Without mineral rights you usually have 50 feet. When you have mineral rights you basically own it to the center of the earth. Different laws apply in different areas.
Soo in the uk… unless it’s oil, gas or certain precious metals, you own everything under your land baby!
Check your credit score now ⬇️⬇️⬇️ www.checkmyfile.com/credit-report.htm?ref=simonwalton&cbap=1
Them curtains are reyt nice ya kno where'd you get them from?
Local shop near where I live!
Hi Simon, this is a truly lovely video dude. I love your honest and reflective thougts, nice work my dude :)
Appreciate the feedback Joel! Thank you
Good stuff mate enjoyed watching
Thanks man! Appreciate the feed back brother
Love the video mate👌
Thank you chief!
Found this very informative, thanks Simon your going to do very well on here
Appreciate the feedback chief!
#cuttingoutthebullshit #startingabusiness
😊