Liabilities drain wealth from "summary" of Rich Dad Poor Dad by Robert T. Kiyosaki
Liabilities drain wealth, plain and simple. It's like having a leak in your financial bucket that you're trying to fill with more money. No matter how much money you pour in, if there's a hole at the bottom, it's never going to be enough. When you have liabilities, you're essentially taking money out of your pocket and putting it into someone else's. It's a one-way street that leads to financial struggle and stress. Liabilities can come in many forms - from credit card debt to car loans to mortgages. They all have one thing in common: they take away from your wealth instead of adding to it.
Many people mistakenly think that having nice things like a big house or a fancy car is a sign of wealth. But the truth is, if those things are costing you more money than...
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