RICH DAD POOR DAD - Commented Book
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The Importance of Knowing the Difference Between an Asset and a Liability
The majority of the poor and middle class are fiscally conservative, which means I can't afford to take risks. The rich focus on their asset columns while everyone else focuses on their income statements. A new car loses nearly 25% of the price you pay for it the moment you drive it off the lot. Keep expenses low, reduce liabilities and diligently build a base of solid assets.
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