Scissors may be needed

Assets (income producing entities) can turn into liabilities, burning money instead of producing cash.

A friend's business has negative equity, but he won't divest it.

Others have rental properties with negative cash flow that they persist in keeping as a so-called long-term investment.

Mistaking liabilities with tangible assets or falling in love with a liability is like refusing to cut gum out of hair.

Cut the loss if your asset is draining money.

How?

Sell, give away or whatever else you and your spouse feel best.

Assets must produce positive income now and create real future equity.

When an asset turns bad we may need to discard the asset-turned-liability.

I once sold a business when my trifold gain stagnated for over a year and my immediate income turned downward.

It was painful to lose 'my baby' but it freed me to focus on cultivating real assets.

Real assets add income now and capital gains for the future.

Do you need to cut a pseudo-asset?

(Photo courtesy Wikipedia)