Why Your Home Is a Liability, Not an Asset — The Carbon Monoxide Risk Nobody Sees

Most people are taught that owning a home is the ultimate financial goal — but the home you live in is not an asset, it’s a liability. In this video, I explain why my own home nearly became a serious safety risk after discovering a carbon monoxide buildup caused by a failing furnace heat exchanger. What started as routine home maintenance quickly became a reminder of the hidden costs, risks, and responsibilities of homeownership. We break down: • Why your primary residence is a liability, not an asset • The real carrying costs of owning a home (maintenance, repairs, taxes) • How unexpected expenses like furnaces, roofs, appliances, and safety issues add up • Why appreciation doesn’t always equal profit • The difference between a personal home and income-producing assets • Why understanding assets vs liabilities is critical for building real wealth I also share why Rich Dad Poor Dad by Robert Kiyosaki is one of the most important personal finance books ever written, and how it reshapes the way you think about money, investing, and long-term wealth building. Homes are meant to provide comfort and safety — not passive income. If you own a home (or plan to), this is an important perspective to understand so you can budget correctly, protect your family, and avoid financial blind spots. Topics Covered: Homeownership costs, carbon monoxide danger, personal finance, wealth mindset, assets vs liabilities, budgeting, financial education, real estate reality, long-term planning #homeownership #personalfinance #wealthbuilding #assetsvsliabilities #financialeducation #moneytalk #financialliteracy #wealthmindset #realestate #homeexpenses #carbonmonoxide #homesafety #budgeting #longterminvesting #financialfreedom Amazon affiliate link for Rich Dad Poor Dad: https://amzn.to/3YsJgFv