Is Your Phone an Asset or a Liability?

2 min readDec 16, 2021


An asset in simple terms is anything that can be used to produce economic value while a liability is anything that is owed.

In other words, assets fill your pocket while liabilities empty your pockets.

Now that you know what we mean by assets and liabilities, does your phone take money out of your pocket, or does it fill it?

Like every other thing, mobile phones have their merits and demerits. A phone if used properly can fill your pockets.

Mobile phones have gone beyond a channel to stay in touch; they have now evolved into money -making machines. According to Business Insider Africa, a certain influencer made an average of $5,000 per month last year through affiliate links alone. Also, Nate O’Brien, a personal finance enthusiast earned about $444,000 in ad revenue from YouTube within a period of one year..

There is so much money to be made from the internet. If you are considering other streams of income to fill your pockets, then you need to take a look at these options:

Online courses, Advertising, Voice- overs, Online services and Investing.

You can also use the “Request Money” feature on Stax to request money from your loved ones and fill your pocket. It doesn’t require internet access. Turn your phone into a money making machine — an ASSET not a liability.

Also, if you need a phone that can be an asset, you might want to enter our #SantaStax giveaway. On the seventh day, we are giving away a BRAND NEW SAMSUNG A12 PHONE and you can turn this into a money making machine.

Participate in the Giveaway on our social media platforms. Follow @joinstax across social media platforms (These are links to Instagram, Facebook, Twitter and LinkedIn) and turn on post notifications. So you don’t miss it@ It’s on already.

It’s going to be an amazing experience for all current and potential users of Stax.

Tell your friends about #SantaStax.




Stax — Move Money Without Stress. Spend from all your bank/mobile money accounts on one app. Download stax now →