Asset

According to Robert Kiyosaki, “an ASSET is anything that puts money in your pocket.”

He also says that your house is not an asset and is in fact a liability. Is that surprising? There are other things we think are assets but are actually liabilities. Based on this definition, check your list of assets and see if they really are assets or not.

Ideally, your assets should exceed your liabilities to enable you to build your wealth and enjoy financial freedom.

2 thoughts on “Asset

  1. […] Assets are any resources with economic value. However, Robert Kiyosaki, author of the Rich Dad, Poor Dad redefined assets as economic sources that you own that generate income for you.  Sample assets include certificates of deposits, bonds, funds, stocks, real estate or business. In this modern definition, a real estate property can only be considered an asset if you have it rented out or you sell it and receive capital gains from the sale. Cars are not considered as assets unless you use them in income generation activity such as Grab for example. […]

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