Rich Dad, Poor Dad Part 1

Rich Dad, Poor Dad was my first business book. I read it over a week or so in High School and, to date, I still remember very well it’s core teachings.

One of them is this: always think in terms of assets and liabilities. Assets are things that put money in your pocket while liabilities are things that take money out of your pockets (like a car). If you want to get rich, all you have to do is accumulate assets and minimize on your liabilities.

Interesting, eh? Watch the video.