Rich people are rich because they understand this

His example of a house is completely wrong. If you buy a house: that is an asset. Yes it doesn’t make money until you sell it, but that is true of many, many assets. (or unless you rent it out) The mortgage (presuming you didn’t actually buy the house but borrowed to buy the house), is a liability. Even with a mortgage, it is generally an asset overall versus liability.

The lecturer is bonkers. Assets are what you own. Liabilities are what you owe to others. Your house is an asset. You must pay related expenses to own or control it comfortably (mortgage, taxes, water, utilities) but it delivers housing to you. A company doesn't enjoy its assets, so the only measure of utility is the cash it can earn from using them. Is it wise to own a house? Yes usually, if it isn't "more house than you need". What you spend above what you "need" is payment toward luxury consumption, toward your enjoyment. Your mortgage is a liability. You borrowed to acquire your home and you owe that money back. "Cash Flow" doesn't apply to individuals as it does to a company. Of course, you don't want to spend more than you are earning, because bad things will happen if you can't pay your bills. A company can run out of cash although it is overall profitable. In fact, being unexpectedly successful can cause that. The company may find that it has 1000 new orders, but not enough cash to pay for the materials and labor to build 1000 more of its product. So, it needs more cash borrowed or invested (capital). A company must plan for its cash flow in a more complicated way than individuals must.

Can you post part 2 Is this in his first book rich dad poor dad?

Protect your family and wealth by understanding how money truly works. Sound money can heal our society and you are this 🤏 close from using it in your favor.

That guy is an exposed scammer

this guy is a fraud

Rich people in coming days will not be determined by knowing this is what they did, but what to do about it. Lead. Don't follow someone else's game.

A roof over your head is a liability ?

Nonsense. You have to have a place to live regardless. You will spend less on a mortgage on a modest house than paying most rent, and it fluctuates less. All the money you put into a house is either paying off the mortgage or fixing it up, increasing its value to possibly resell.

He’s come along way from this video now he just prognosticate the end of times He’s predicted the last 78 of the last two recessions