An asset is anything that puts money into your pocket. A liability, on the other hand, is anything that takes money out of your pocket.⁣ ⁣ The key is to acquire assets that pay for your liabilities. By increasing your assets, which will increase your monthly cash flow, you can use this money to purchase luxury items and liabilities. 💱⁣ ⁣ Visit richdad.com to learn more. 📝⁣ ⁣ #richdadpoordad #funancialeducation #saversarelosers #gooddebt #personalfinance #investing #realestateinvesting⁣