Assets generate income from "summary" of Rich Dad Poor Dad - 20th Anniversary Edition (Hindi) by Robert Kiyosaki
Assets generate income. This is a fundamental concept in the world of finance. It is crucial to understand this concept if you want to achieve financial success. Assets are things that put money in your pocket. They are investments that generate passive income for you. This income comes in regularly, without requiring you to work actively for it.
Examples of assets include real estate properties that you rent out, stocks that pay dividends, bonds that pay interest, businesses that generate profits, and intellectual property that earns royalties. These assets work for you, allowing you to build wealth over time. In contrast, liabilities are things that take money out of your pocket. They are expenses that you incur regularly, such as mortgage payments, car loans, credit card bills, and other debts.
Understanding the difference between assets and liabilities is crucial for achiev...
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