In this book the author Robert Kiyosaki told the story of his two fathers the rich one and the poor one. The Poor Dad is his real Dad and the Rich Dad is his bestfriend's Dad. With his two great fathers he has the choice which advice to follow.
Here are some of the excerpts that you can read in the book:
Poor Dad said, "The love of money is the root of all evil".
Rich Dad said, "The lack of money is the root of all evil."
One dad recommended, "Study hard so you can find a good company to work for."
The other recommended, "Study hard so you can find a good company to buy."
Poor Dad said, "The reason I'm not rich is because I have you kids."
Rich Dad said, "The reason I must be rich is because I have you kids."
One said, "When it comes to money play it safe, don't take risk."
The other said, "Learn to manage risk."
One believed, "Our home is our largest investments and greatest asset."
The other believed, "My house is a liability."
I like the very simple definition of Assets and Liabilities.
ASSETS - put money in your pocket.
LIABILITIES - take money out of your pocket.
Do you think your house is an Asset?
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Click the image below.
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