@thereal_kiyosaki: You don’t own your house. I can prove it. One sentence. And I’ll give it to you before we’re done. Most people believe their house is their biggest asset. And... um... people get very angry when I say it isn’t. They tell me, “Robert, I’ve lived there twenty years. It’s worth way more than I paid.” Okay. But school never taught you what an asset actually is. An asset puts money IN your pocket. A liability takes money OUT of your pocket. That’s it. My rich dad made me repeat it until I couldn’t forget it. Not what it’s worth. Not what the appraiser says. Which direction is the money flowing? Now think about your house. Every month... money goes out. Mortgage. Taxes. Insurance. The roof. The water heater. Out. Out. Out. So your mortgage is an asset. It’s on somebody’s balance sheet. It’s just not yours. Hold onto that. People say, “Fine. But when I pay it off... then it’s an asset.” Here’s the problem. Even a paid-off house still takes money out of your pocket. Property taxes. Insurance. Maintenance. Forever. So here’s the sentence I promised you. Stop paying your property taxes... and you’ll find out who really owns your house. Think about it. You never owned it. You’re renting it from the government. And until it’s paid off, you’re paying the bank for the privilege. Because that mortgage? It’s an asset. On the BANK’S balance sheet. Every payment you make goes into their pocket. That’s why the bank loves your house. Their asset. Your liability. Now... I own homes. I’m not against houses. But I bought my assets first. And my assets pay for my liabilities. That’s the difference. The poor and middle class buy a house and call it an asset. The rich buy assets... and let the assets buy the house. One is working for the house. The other has the house paid for by something else. And once you understand which way the cash is flowing... you never look at your house the same way again. #richdadpoordad #robertkiyosaki

Robert Kiyosaki

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Wednesday 28 October 2026 19:52:15 GMT