Start by understanding the difference between assets and liabilities from "summary" of Rich Dad's Guide to Becoming Rich Without Cutting Up Your Credit Cards by Robert T. Kiyosaki
To become rich without cutting up your credit cards, you must first grasp the fundamental concept of assets versus liabilities. Assets are things that put money in your pocket, while liabilities are things that take money out. Understanding this difference is crucial to building wealth. Many people mistakenly believe that their home is an asset because it has value. However, if your home is taking money out of your pocket every month in the form of mortgage payments, property taxes, and maintenance c...
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