Viewing a response to: @rmach/assets-vs-liabilities-robert-kiyosaki-insights
It's a very inspirational book, I completely changed my financial strategy after it. I'm not fully agreeing with him on this one though. I think not just a bought house is a liability, it's 'a house' that's the liability. I have to live somewhere! And where I live the rents are higher then the monthly rent on a mortgage.
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Yes, I agree. I guess the thing to be aware is do not aquire liabilities thinking they are assests. There are lots of good book on the subject but I think this is a good starting point because it is simple and mind changing at the same time. Have you read others from the Rich Dad's collection?
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I did not read other books. Can you recommend me any?
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This one covers pretty much everything and the others focus more on particular issues. It really depends on what you are interested. I like very much the "Rich Dad's Guide to Investing". Soon I'll post something about "Rich Dad's Cashflow Quadrant"
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