The rich acquire assets, not liabilities from "summary" of Guide to Robert Kiyosaki’s Rich Dad Poor Dad by Instaread by Instaread
The wealthy understand the importance of acquiring assets over liabilities. Assets are things that put money in your pocket, such as rental properties, stocks, or businesses. Liabilities, on the other hand, are things that take money out of your pocket, like cars, houses with mortgages, or credit card debt. By focusing on acquiring assets, the wealthy are able to generate passive income and build wealth over time. One key difference between the rich and the poor is their mindset when it comes to money. The poor tend to focus on working for money, while the rich focus on making money work for them. This shift in mindset allows the wea...
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