Excellent article Shane. About the only thing I got out of the famous (infamous?) book, “Rich Dad, Poor Dad”, was Kiyosaki’s definition of an asset as something that earns money for you. So, while most people would think of an expensive watch or a house as assets, his definitions would classify them as expenses, not assets. I do like Naval’s definition of wealth. His tweets were an education that’s helluva lot cheaper than Kiyosaki’s money pit systems.
Excellent article Shane. About the only thing I got out of the famous (infamous?) book, “Rich Dad, Poor Dad”, was Kiyosaki’s definition of an asset as something that earns money for you. So, while most people would think of an expensive watch or a house as assets, his definitions would classify them as expenses, not assets. I do like Naval’s definition of wealth. His tweets were an education that’s helluva lot cheaper than Kiyosaki’s money pit systems.