Financial Education #42: Your Personal Home Is Not An Asset

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    localgrower

    Published on May 12, 2021
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    An asset, simply put, is something that puts money into your pocket. A liability is something that takes money out of your pocket.

    Common thinking is that you should save up for a house, as it is an asset. However, all a house seems to do is take money out of our pockets: tax, gas, insurance, maintenance and more.

    Robert Kiyosaki suggests that actually, the personal home is just one big liability. Some good food for thought.

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    leofinance proofofbrain finance archon palnet

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