Your Assets Pay For Your Liabilities

Bottom line is do not buy the liabilities first , buy your assets first and let your assets pay for your liabilities , you can live a luxurious life and still be rich you just have to be financially educated do not take your liabilities for assets as most people do , most people for example think that their home is an asset , well no it is a liability because it take money from your pocket every month , while an asset is supposed to bring money into your pocket every month ...big difference ! do not deprive yourself , buy any liability that you want nice house nice car etc , but first buy assets which will later on pay for your assets


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : I buy assets most people buy liabilities

Robert Kiyosaki : If you take your money and buy a nice car a nice house , you probably are never going to be rich , your house your car your clothes take money from your pocket , so I buy assets most people buy liabilities , assets put money in your pocket whether you work or not , the middle class work for money they do not know how to take their money and make money with it ....the advise my rich dad gave me as my first business failed he said congratulation you failed , my poor dad said you're terrible you failed because he is a school teacher failure is bad , my rich dad said you probably will lose three more businesses before you're successful so it was pretty much true I lost thee more businesses before I really made a lot of money , and so what happens with most people because they are taught by their schools that making mistakes is bad bad bad they are afraid of first making the mistake and if they make the mistake they quit ...Obama is not going to tax the rich he is going to tax high paid employees he is not tax guys like me that hard because he needs me to start business provide jobs ..always remember taxes are never fair...




Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.