Kiyosaki: Why Your House Is NOT an Asset (Even If They Tell You Otherwise) 🏠❌ #finance

Kiyosaki: Why Your House Is NOT an Asset One of the most controversial claims in "Rich Dad Poor Dad": your house is NOT an asset, it's a LIABILITY. And he's right. 🏠❌ KIYOSAKI'S DEFINITION: ✅ ASSET = PUTS money in your pocket ❌ LIABILITY = TAKES money out of your pocket YOUR HOME WHERE YOU LIVE: 💸 MONTHLY EXPENSES: Mortgage Property tax Maintenance Electricity, water, gas Repairs Insurance 📉 RESULT: TAKES money out every month Doesn't generate income = LIABILITY, not an asset BUT... WHAT ABOUT APPRECIATION? Yes, your house can increase in value But that DOES NOT make it an asset It's only an asset if it generates monthly CASH FLOW Appreciation is profit "on paper" You can't use it until you sell THE MIDDLE CLASS TRAP: 🏠 WHAT THE MIDDLE CLASS DOES: They buy the biggest house possible They go into debt for 30 years They pay a mortgage for their entire lives They think they are "investing" Result: Trapped in debt 💰 WHAT THE RICH DO: They buy rental properties first Those properties generate income They reinvest in MORE properties Eventually, their assets pay for their house Result: A free house paid for by assets PRACTICAL EXAMPLE: 🏠 HOUSE WHERE YOU LIVE: Monthly cost: $800 Income generated: $0 Net cash flow: -$800 = LIABILITY 🏢 RENTAL APARTMENT: Monthly cost: $400 (mortgage) Rental income: $600 Net cash flow: +$200 = ASSET THE RIGHT STRATEGY: 1️⃣ Buy rental properties (ASSETS) 2️⃣ Generate positive cash flow 3️⃣ Reinvest in MORE assets 4️⃣ When your assets cover your desired home 5️⃣ THEN buy your home ❌ INCORRECT STRATEGY (middle class): 1️⃣ Buy the biggest house possible 2️⃣ 30-year mortgage 3️⃣ All income going to mortgage payments 4️⃣ No money to invest 5️⃣ Stuck in "Rat race" 💡 KIYOSAKI QUOTE: "The rich acquire assets. The poor acquire liabilities. The middle class acquires liabilities thinking they are assets." ⚠️ CLARIFICATION: Kiyosaki does NOT say "never buy a house." He says, "Buy ASSETS first, then let them pay for your house." 🎯 MINDSET SHIFT: House = Place you live (expense) Rental property = Investment (income) 🔔 More lessons from Kiyosaki: @MindsetMillonario_0 #robertkiyosakiinterview #kiyosaki #richdadpoordad #house #assets #liabilities #finance #realestate #investment #millionairemindset #financialeducation #personalfinance #millionairemindset 🎵 MUSIC USED (COPYRIGHT FREE) Track: Inspiring and Energetic Vibes Artist: Universfield Duration: 2:02 Genre: Synthwave License: Royalty-free / No copyright (use permitted in YouTube videos) Source: Music provided by Universfield via Pixabay