Conspiracy of The Rich blog : Learn with Rich Dad Robert Kiyosaki how to Survive and thrive in today's economy, how to build assets, how to save money and increase your financial success, how to invest wisely and how to plan your path to financial achievement

Friday, May 20, 2011

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.