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  Insights from Introduction and Chapter 1 Rich Dad Poor Dad By Robert T keyosaki #1 Robert Kiyosaki considers that he had two dads: a poor dad, who was his real father, and a rich dad, his friend’s father. They had very different mindsets when it came to dealing with money, and Kiyosaki compared them to figure out which strategy was best for getting rich. #2 Poor and middle-class people work hard to make money. Rich people, however, make money work for them.  Working.ha rd rarely makes someone rich; working smart does. #3 When Kiyosaki was a kid, he went to school with rich people, but was never invited to their homes or on vacations because he was poor. His friend Mike and he decided they wanted to learn how to make money, so they asked Mike’s father, “rich dad,” to teach them. #4 Rich dad suggested that they work for him three hours a week for 10 cents an hour. He offered them a prompt opportunity and taught them to take it, because opportunities are few and it’s always best to say

  Difference between assets and liabilities In business terms,  assets and liabilities  often aandppear together. They are the two fundamental elements that shape the financial health of your business and make up your company' balance sheet. What are assets? Assets  are resources (tangible and intangible) that your business owns, and that can provide you with future economic benefit. They add value to your business, they can help you meet your commitments and increase your equity. See  different types of business assets . What are liabilities? Liabilities  are your business' debts or obligations which you need to fulfil in the future. This is the money you need to repay, the goods you need to provide or the services you need to perform. These responsibilities arise out of past transactions and need to be settled through the company's assets. Both assets and liabilities are reported on the company's  balance sheet . While some assets are depreciable, liabilities are not