Comments on: Buy Assets

By: Trader32

Trader32 — Sun, 30 Oct 2011 15:34:19 +0000

I think one of the problems with the advice in the Rich Dad series is that ‘buy assets that put money in your pocket’ can make you focus much more on income than on capital gain. For example, he suggests that your own home is a liability rather than an asset because it takes money from your pocket each month, which is clearly true. However, in the UK for the last 10-20 years, even though your house may have been a liability, if you include the capital gain it is still a fantastic investment/security.

Anyway, they are still great books to read to open your mind to different concepts.

By: Darren

Darren — Thu, 06 May 2010 20:48:04 +0000

Although the original date of this post was almost 3 years ago, I still love the main point.

I also just read and reviewed Rich Dad, Poor Dad a couple of weeks ago, although the book has been out for a long time.

Like you, I also don’t agree with everthing Kiyosaki writes about in his book. But on the other hand, I do think that there’s a lot of good advice in the book. And buying assets, as opposed to liabilities is one of them. If we thought of our purchases with a long-term perspective and considered what they’d be worth years from now, I think we’d be on the path to greater wealth.

By: Christian Personal Finance Shows Us How to Create Wealth! | The Practical Nerd

Thu, 23 Jul 2009 16:53:45 +0000

[...] My favorite on the list: 8. Don’t try to look wealthy, look to become wealthy. Remember to buy assets and not liabilities. Remember, assets are items that pay income to you. Liabilities, on the other [...]