Question

Cash is assets or liabilities?

Answer 1

It is both assest and liability

Answer 2

Cash in hand is a liability. Once you will start making more money/gaining more knowledge by using that money ,It becomes asset.

Money should be in flow. Don’t keep it in your hand.

Lots of people ,I am familiar with (Including my father) having cash in their hand and spending that on liabilities like- Car, Motor Bike, etc.

This cycle will never stop if you will hold money with yourself , You should start investing that money in market. My father is earning good money but once he collects some amount he go for some liability. And again he is forced to start.

Invest your money in mutual funds(If you are not able to give time to market research.)

And if you are little curious and keen learner then directly invest in stocks.