Assets vs. Liabilities: The Key to Building Wealth | ref. Robert Kiyosaki

Do you know the difference between an asset and a liability? According to Robert Kiyosaki, author of the best selling book, "Rich Dad Poor Dad, " if what you own is costing you money to have, maintain, store, etc, instead of earning you an extra source of income, you don't have an asset. You have a liability. In this episode, Tim talks about how having a proper definition of assets and liabilities is the key to building wealth.

0:00 - Intro
0:29 - Where I Disagree with Robert Kiyosaki
1:10 - The Key to Building Wealth
1:25 - A Traditional Definition of Assets and Liabilities
3:34 - A Revised Definition of Assets and Liabilities
4:27 - Invest Your Money in True Assets

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