The Difference Between Asset and Liability

Most middle class people are being confused because they think their house is an asset, says robert kiosaki. Many people will buy a new car and thinking that it's an asset because they could sell later for more money. But once you have a loan on your home, next month you have to pay. That's an expense. It's taking money out of your bank account. Therefre your house is not making you richer so the same idea with a car can't be true.