source Few out of the numerous lessons I got from Rich dad and poor.
I hope this motivate someone
know the difference between an asset and a liability.
Simple and straightforward definition,
An asset brings money into your pocket while a liability takes money away from your pocket. Many people thinks building or buying a house is an asset, hell no, it is a liability. Many other expenses comes with it. I am not saying we shouldn't build or buy house but before you do get an asset that will cater for that or except you want to start a real estate business.
Make sure your expenses is far less than your income so that you can have excess to buy assets
It is said that the rich buys asset, the poor has expenses and the middle class buys liability
Got this from a movie, no one that is truly rich that does not own something. Something in the sense of an asset that brings money to their pocket,
Make sure your expenses is far less than your income so that you can have excess to buy assets
It is said that the rich buys asset, the poor has expenses and the middle class buys liability
Got this from a movie, no one that is truly rich that does not own something. Something in the sense of an asset that brings money to their pocket source Happy Sunday to you all
