Summary of Rich Dad, Poor Dad: Assets are things that give you money. Liabilities are things that cost you money. Therefore your house is a liability until it

Summary of Rich Dad, Poor Dad: Assets are things that give you money. Liabilities are things that cost you money. Therefore your house is a liability until it is sold, at which point it MIGHT be a net asset. Try to maximize your assets and minimize your liabilities. It sounds simple, and it is, but that's the primary lesson in the book IMO. It's eye-opening the first time you see things that way.