Rich dad poor dad book [Update] / myLot

November 9, 2020 1:13am CST

Like I said in my previous posts that I will keep you updated on my progress on the book "Rich dad poor dad". So here it is

I have completed almost half of the chapters and to summarise them in a few words- Buy Assets and limit liabilities . For this, we need to understand the definition of assets and liabilities. The asset is something which earns you money in the long run and liabilities are the opposite. Almost many of us know this right but we don't apply that in day to day life and that separates the rich from poor. I will be updating as soon as I finish the book till then keep building assets. Any thoughts?

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5 responses

Shavkat

@Shavkat (139933)

• Philippines

9 Nov 20

I can't wait for the update.

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Shavkat

@Shavkat (139933)

• Philippines

10 Nov 20

@Hercules7 I also want to finish my books. Hopefully, I can push through this after the pandemic.

Vivek

@Hercules7 (340)

•

10 Nov 20

@Shavkat Which all are you reading?

Vivek

@Hercules7 (340)

•

9 Nov 20

And I cant wait to finish the book :)

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ARIES1973

@ARIES1973 (11426)

• Legaspi, Philippines

9 Nov 20

I'm excited to read this book too but haven't got a chance to buy the book yet. Yes, we need to build assets. I am currently focusing on investment.

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Vivek

@Hercules7 (340)

•

9 Nov 20

Good job! Try reading it i highly recommend it!

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maximax8

@maximax8 (31046)

• United Kingdom

16 Nov 20

An asset for me is a regular saving account because it will pay me interest. Stocks and shares might pay out dividends. Art work or gold could be sold for a lot of money. A house that is rented out for money is an asset. A car is an liability unless it makes you money because it is a taxi. I would like to read Rich Dad Poor Dad.