Powerful statement from Robert Kiyosaki on FB (link below):
„YOUR HOME IS NOT AN ASSET
MOST PEOPLE THINK THEIR HOME IS THEIR BIGGEST ASSET. IT'S NOT.
For most people, it's their biggest liability.
I know that triggers some of you.
But truth doesn't care about feelings.
Let me explain why your house is making you poor.
YOUR HOME TAKES MONEY OUT OF YOUR POCKET
Every. Single. Month.
Mortgage. Taxes. Insurance. Maintenance. Repairs. HOA fees.
Upgrades you never needed but convinced yourself you "deserved."
That's not an asset.
That's a hungry pet you're forced to feed for 30 years.
Real estate only becomes wealth when it produces cash flow — not pride.
I became rich because I learned this:
The money in real estate isn't made when you sell.
It's made when you buy — and it continues every month through cash flow.
Most homeowners don't buy for cash flow.
They buy for emotions.
They "fall in love" with granite countertops...
...and fall into debt for decades.
THE MIDDLE CLASS VS. THE RICH
The middle class buys houses.
The rich buy investments.
The middle class stretches to qualify for a loan.
The rich use the bank's money to buy assets that pay for the loan.
The middle class waits for prices to go up.
The rich buy deals that pay them even if prices go down.
The middle class hopes for appreciation.
The rich collect cash flow every month like clockwork.
This is why so many people "own a home"... and still struggle financially.
They bought a liability disguised as the American Dream.
MOST PEOPLE ARE HOUSE RICH AND CASH POOR
Equity they can't touch.
Appreciation they can't spend.
A payment that never stops.
That's not wealth. That's a golden cage.
Stop thinking like a homeowner. Start thinking like an investor.
The question isn't: "Do you own a house?"
The real question is: "Does your house pay you?"
If the answer is no...
You don't own an asset - You own a liability.
And liabilities keep you trapped in the Rat Race.
The rich buy real estate that generates cash flow. The poor and middle class buy houses that generate payments.
That's the difference.
The broke will keep feeding their house.
The wealthy will make their real estate feed them.“
Link: https://www.facebook.com/share/175wwamfb1/?mibextid=wwXIfr