Assets and Liabilities

I will admit that for most of you, this subject is boring. How about this. Wealth and Riches! Is that more exciting? How many of you would like to be rich? Come on Victor, I’m not some greedy person that just lives to be rich some day. Ok….but if someone handed you five million dollars, would you turn it down? If you won the lottery, would you give it all up? I didn’t think so. Look folks, what I’m talking about is true financial prosperity in your life. Not having to worrying about money ever again and living life on your terms. How about that? That’s being rich, isn’t it? Well…understanding assets and liabilities will get you there.

I don’ want you to look at me like the “guru” on this subject. Below is a video from the ultimate guru, Robert Kiyosaki. I will let him tell you about assets and liabilities in his own words. I’ve included a little introduction from yours truly…me. What most people think is an asset really isn’t. You need to understand this concept so you can start putting your financial priorities in order. You need to spend your financial life acquiring assets. Not liabilities (debt). If you don’t, you may end up as a Walmart greeter some day.  Continue reading →