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Differentiate assets from liabilities from "summary" of Rich Dad Poor Dad - 20th Anniversary Edition (Hindi) by Robert Kiyosaki
To become financially successful, one must first understand the difference between assets and liabilities. Assets are things that put money in your pocket, while liabilities are things that take money out of your pocket. This concept is simple, yet crucial to grasp in order to achieve financial independence. Many people confuse assets with liabilities, which can hinder their ability to build wealth. For example, a house is often seen as an asset, but if it is not generating income for you, then it is actually a liability. This is because you have to spend money on mortgage payments, maintenance, and other expenses associated with owning a home...
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