02/02/2026
DIAMONDS ON WHITE GOLD
ASSET OR LIABILITY?
Most of people, when as asked, are these diamonds and gold asset or liability, will say its ASSEST.
This is true. When we buy and sell it. But if its only for our banking, not providing income to our pocket it is actually a LIABILITY.
Sparing 15k for an earings is quite much. But if youve got more than enough keeping then it maybe fine.
Check first if you have invested or saved up enough
for your healthcare, insurance, emergency fund.
Healthcare must be big enough to contain expenses when you get sick. It must be 20% of your income premium plan. It should fund your health needs amd provide you income when you stop working or retire from your job.
Insurance must be 10times of your annual income coveraged plan. Not just to fund your burial. It must replace the income you bring in to your family.
Emergency fund must be 3 to 6 months of your income saved up readily available when there will be unforeseen needs which may need immediate cash i.e. illness, house repair, or your necessities when you lost your current job.
If all of those above are established then its time to invest in longterm items such as buying a real estate property, jewelries, etc.
