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Podcast: The Secret To Success with Antonio T Smith Jr
Episode: Liabilities - Personal Finance 18
Description: Daily Meeting - Personal Finance 18: LiabilitiesRich Dad, Poor Dad in 20 Points1. For most people, their profession is their income. For rich people, their assets are their income.2. If I want to buy something, I must first generate enough cash flow from my assets to cover these expenses. Buy luxuries last, not first.You must become before you actIf you don’t have any assets, stop buying stuff nowIf what you bought costs you more money than it makes you, it’s a liability (Ex: a house)If your cust...