Understand the difference between assets and liabilities from "summary" of Summary of Rich Dad Poor Dad by Readtrepreneur Publishing
Assets and liabilities are two crucial components that make up a person's financial situation. Assets are things that put money in your pocket while liabilities are things that take money out of your pocket. It's essential to understand this fundamental difference because it can make a significant impact on your financial well-being. Assets can come in many forms, such as real estate, stocks, bonds, and even businesses. These are things that have the potential to generate income for you over time. On the other hand, liabilities are things like mortgages, car loans, and credit card debt. These are expenses that you have to pay regularly, taking money...
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