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favorite money advice from 10 of my
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favorite books part one which is Rich
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Dad Poor Dad the thing that I learned
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the most from this book is
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distinguishing the difference between
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assets and liabilities assets are when
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you spend your money on things that will
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generate you more money in the future
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liabilities are things that don't
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generate you any money in the future
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they you go out and you buy a car you go
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on a trip you freaking buy some new
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Gucci loafers whatever it is they don't
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generate you any money people who get
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rich understand the difference between
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assets and liabilities and they
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understand how to compound those assets
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year after year after year So eventually
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that your stockpile of money or
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stockpile of assets are making all the
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money for you and honestly this is
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probably the biggest concept that those
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who get wealthy understand and those who
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don't get wealthy just don't
