Are you constantly worried about money? Are you struggling to meet debt obligations? Do you feel that your salary is not enough to cover your monthly expenses? Are your financial worries so stressful that they are already gravely affecting all aspects of your life including your health and personal relationships?
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.