Lesson #2

In the book, Rich Dad Poor Dad, Robert Kiyosaki points out a very important rule.

RULE #1

You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is rule no. 1. It is the ONLY rule.

The poor and middle class acquire liabilities, but they think they are assets.

The key is to learn how to read the numbers. And if you cannot read the numbers, you cannot tell an asset from a hole in the ground.

An asset leads to income.....and a liability only leads to an expense......

I recommend to anyone on the team to go and invest in the book, Rich Dad Poor Dad,.....its a new school of thought but we are from a new generation where our financial literacy is increasing. School's don't teach wealth 101 or 102....you can find those classes in some high quality books and Cd's at your local bookstore.