Rich Dad, Poor Dad – Secret of the Rich # 1
Posted November 16, 2009on:
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Robert Kiyosaki has described about 6 secrets of rich people.
What is the first secret of Rich?
Its ‘Financial Literacy’!!!
Rich people have a different deifinition of assets and liabilities from rest of the people.
What is an asset and what is liability according to the rich people?
If a person stops working (i.e. stops his or her job), assets will FEED him / her
and liabilities will ‘EAT’ him or her.
By this token, is house an asset?
Think over it.
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