ROBERT T. KIYOSAKI is the author of Rich dad and Poor dad says about assets and liabilities and fund management.
The most famous book in the world about investment and fund management is came from the book of RICH DAD AND POOR DAD.
According to Robert, a millionaire can never be ignorant of fund management and one who knows about fund management can sustain as millionaire and without knowing this you cannot become as millionaire.
If you want to know about how to be a rich? First of all, you should know about the Asset and Liabilities.
Assets are the items your company owns that can provide future economic benefit. Liabilities are what you owe other parties. In short, assets put money in your pocket, and liabilities take money out!
But most of the Middle class people always invest in liabilities rather than investing in assets without knowing about the fund management.
To be a rich, people buy and use the costly products, accessories and things to show off between other people to pretend them as rich. By this, they are losing the money by themselves and not able to became as millionaire.
Rich person one who will invest in asset for better growth and they will not invest in liability because it will not increase your money worth.
you want to get rich you should make an investment in right place and in right time.
For better growth, we ensure that investing in asset is the future profit.
LET YOUR FIRST COST BE SAVINGS
Save as much as possible without turning the cost of luxury into an essential expense.
Your house is not a liability, it is an asset