Rich Dad Poor DadMy highly educated dad never pressured me about my grades, but
we did begin to argue about money. By the time I was 16, I probably
had a far better foundation with money than both my parents. I could
keep books, I listened to tax accountants, corporate attorneys, bankers,
real estate brokers, investors, and so forth. By contrast, my dad talked
to other teachers.
One day my dad told me that our home was his greatest investment.
A not-too-pleasant argument took place when I showed him why I
thought a house was not a good investment.
The above diagram illustrates the difference in perception between
my rich dad and my poor dad when it came to their homes. One
dad thought his house was an asset, and the other dad thought it was
a liability.
AssetsRICH DADPOOR DADBALANCE SHEET
LiabilitiesAssetsBALANCE SHEET
LiabilitiesHomeHome