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HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad

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HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI, Rich Dad Poor Dad

8,255,019 views October 25, 2018 14:05

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ChannelThe Rich Dad Channel

Description from the creator

Assets and liabilities serve as the central focus of this episode of Millennial Money featuring Robert Kiyosaki. Robert dismantles a pervasive misconception—that your house is an asset. This idea is debunked to underscore the importance of understanding the true nature of assets and liabilities in one's financial journey.

Robert goes on to propose that people themselves can be assets or liabilities. The discussion extends to the financial responsibilities associated with caring for family members. This aspect brings forth the idea that while family can be a source of emotional support, they can also be financial obligations.

Examples of human liabilities, with a focus on financial commitments such as alimony and child support. This serves as a stark reminder of the financial responsibilities that individuals may have to shoulder in various life situations.

This episode not only clarifies the distinction between assets and liabilities but also underscores the importance of financial literacy, cash flow management, and the multifaceted nature of financial responsibilities in the context of family and personal finance.

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About this tutorial

The Rich Dad Channel published this 14:05 video tutorial on October 25, 2018. It has been watched 8,255,019 times on YouTube.

Category
Education
Duration
14:05
Published
October 25, 2018
Views
8,255,019
Likes
182,647

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Further reading

  • HOW TO CONVERT A LIABILITY INTO AN ASSET - ROBERT KIYOSAKI ... blackwealthvault.com

    Robert’s most recent books—Why the Rich Are Getting Richer and More Important Than Money—were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its…

  • How To Convert A Liability Into An Asset - Paradigm Press, LLC. paradigm.press

    How To Convert A Liability Into An Asset. Dear Reader, My assertion in Rich Dad Poor Dad that your house is not an asset created a lot of controversies. In fact, I received more angry mail about that than any other poin…

  • HOW TO CONVERT A LIABILITY INTO AN ASSET- ROBERT KIYOSAKI ... marcialviran.com

    HOW TO CONVERT A LIABILITY INTO AN ASSET- ROBERT KIYOSAKI. Your house, 401K and IRA are NOT assets. In this video I will be teaching you the basic fundamentals of financial education. Along with the difference between a…

  • Assets and Liabilities: The Secret Very Few People Know richdad.com

    When I decided I wanted a sailboat, I began to investigate ways that would allow me to purchase the boat and turn it into an asset. Instead of just letting it sit in dock in Hawaii and writing checks every month to pay…

  • Rich Dad Scam #6: Your House is an Asset - Robert Kiyosaki richdad.com

    The Rich Dad Scam that your home is an asset was prevalent when I first wrote “Rich Dad Poor Dad.” That was in 1997, and everyone’s home values were climbing. It was easy to assume that your house was an asset because i…

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