8th September 2008

Your House Is Not An Asset

posted in Robert Kiyosaki, Video |
            

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!


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    • This entry was posted on Monday, September 8th, 2008 at 6:40 am and is filed under Robert Kiyosaki, Video. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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    1. 1 On September 8th, 2008, Your House Is Not An Asset | Robert Kiyosaki Blog said:

      [...] See original here: Your House Is Not An Asset [...]

    2. 2 On September 8th, 2008, Your House Is Not An Asset | Cashflow Blog said:

      [...] Go here to read the rest: Your House Is Not An Asset [...]