Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

#

Your House Is Not An Asset

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

In the video, Robert Kiyosaki (of Rich Dad, Poor Dad fame and someone with more knowledge than me) explains exactly why (with a helpful accounting diagram) the house you own is not an asset and, instead, is a liability.

Kiyosaki makes some very helpful points, such as:

  • People today call their liabilities “assets”;
  • The concept that an item that takes money out of your pocket is a liability, and an item that puts money in your pocket is an asset; and
  • The power of cash flow.

It’s a short and very insightful video.  Enjoy!

See original here:
Your House Is Not An Asset

Share and Enjoy


 

Following Robert Kiyosaki


 

?Rich Dad Poor Dad? co-authors settle lawsuit

Submit a Comment