Robert Kiyosaki states the biggest difference between those who are RICH and those who POOR is the understanding the difference between an ASSEST and LIABILITY. To sum it up so this BLOG is not to long and gets the point across is:
1. Assets put money into your pocket.
2. Liabilities take money out of your pocket.
I always used to think that my house(s) were an asset for me, but at the end the mortgages that I have are taking money out of my pocket every month. So remember people, your house is not making money for you. Your house may appreciate but you don't realize that money till you sell your house. BUY ASSETS!!!!! A business or some kind of financial vehicle that puts money in your POCKET!
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