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.