Is my property an asset or a liability?
“The poor and the middle-class work for money. The rich have money work for them.” – Robert T. Kiyosaki, Rich Dad, Poor Dad Robert T. Kiyosaki, in his book Rich Dad, Poor Dad, emphasized the importance of owning more assets than liabilities, if one should truly aspire for financial independence (or getting out of the “Rat Race”, as Kiyosaki likes to say). In Rich Dad, Poor Dad, property (or more specifically, a housing mortgage) is classified as a liability for the