I will continuously post some interesting quotes from the book I am currently reading "The Business of the 21st Centure" by Robert T. Kiyosaki...
"Asset is something that generate cash flow into our pockets. If you buy a property but the rental is not able to cover the loan and you have to take out your money to service that loan, then this property is a liability." Off course we can argue that the value of the property will go up. However, during the course of us owning that property, it is considered as liability..
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