How to Understand Assets and Liabilities in Personal Finance

If you don't understand these two, then youre not understanding his book. You're missing the whole point of richdad portet. It's very simple. An asset puts money in my pocket, in your pocket. A liability takes money out of your pocket. That's it. Money's about numbers. So e saying that if you want to really understand assets and liabilities, and if you wants to get rich, you need to understand the numbers. We'll talk a little bit more about it in a second.