Friday, August 5, 2016

Asset vs Liabilities



A major lesson Fely and I learned was about proper appreciation of what real assets are. “Assets are things or property that put money into our pocket.” This definition was taken from Robert Kiyosaki’s bestseller, Rich Dad Poor Dad and it totally changed how we decide to buy anything. Based on this key learning, Fely and I first assess if what we buy will put money into our pocket. If it won’t, then we ask the second question: Do we really really need it or can we live without it? Do we want it for a purpose or out of pride?

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