Be Ready !

👍 love this stuff

how about short term asset and long term asset?

I will become successful!

Thanks for sharing

will Rich Dad classify a car as an asset?

Yes , i agree with you

Simple and Powerful.

So most important assets are just rental properties?idk what else is that I can do in my 20 except property, cause I don't have the money!

so cash itself is a liability, because cash value depreciates every year so it's like cash flowing out of my pocket every year.

Great explanation Robert! Your house is not an asset if the expenses outweigh the inflow of cash

What if Im paying to rent a house I'm living it. If I buy my house without mortgage instead of renting someone else's house - isn't this an asset? I have to live somewhere, right?

i agree, thank you.

Brilliant video

How are you going to tell people that they need to understand financial statements, but then go ahead and teach them incorrectly how to understand financial statements?

This is true cause
its what my dad did

Thank Robert because I recently turned my house from a liability to an asset. You are making a difference in my life even in a Third World I'm trying like mine

Now i understand

You have to do more animation video like this! It's easy to relate and understand than the Listen and Learn.

Very good principles taught here.

Does Mr. Kiyosaki recommend paying off one's personal home (the liability) quicker than the given mortgage term? I'm pretty sure he does not recommend doing so (in general) on rental property.

Go Robert!!

thanks ,you are Professor, who reduce poverty in our world

Thank you.

Mr Kiyosaki could you please recommend me some great books on Real Estate (BTW I'm a 14 year old student)

Mr kiyosaki can u do some more lesson with animation like that because human brain go good with pictures and video

So yes a house can be an asset or a liability. Depending on how the cash flow goes, either into your asset column or your liability column. Asset column is better.....

I have one of my closest cousin's who has/had a few to several millions of dollars. He has/had a nice big house ($1M+ House and Property, real estate market there says it's really at least $3.5M) and he is/was always complaining about how expensive everything and anything is to do on his house, well it also has 3 acres. He has/had another house also about $800K+ with about 12 acres originally. He has/had the money he just hates spending it sometimes. I say to him big house BIG BILLS. He says yeah, yeah yeah. 😁

Mr kiyosaki I recommend all of my classmates to buy rich dad poor dad and I bring u a lots of customers 😂

A house = bills, a nice big house = BIG BILLS.

Yes a house still cost you insurance, up keep, maintenance, taxes, repairs when something breaks which is different then up keep and maintenance, it's beyond that. I have a PHD friend (Poor, Hopeless and Desperate), who has a nice big house on the gulf course, which the indoor jacuzzi broke and sprung a leak and flooded the entire first floor! He was very upset to say the least, it cost ten's of thousands of dollars to repair the house properly. Even with top notch insurance (I believe if not mistaken). It took over a month to repair everything right. So yes that was a liability $$$$$.

I second James G emotion I also feel the same for at least five years now, agreed!

Agreed!