Namibia: Wealth tip of the week: Let your assets pay for your lifestyle – Business

Robert Kiyosaki, the author of ‘Rich Dad, Poor Dad’, says wealthy people focus on buying assets, while others often spend their money on things they believe are assets but actually cost them money.

An asset is something that can increase in value or make you money over time.

Examples include shares, bonds, businesses, property, gold and other investments.

A liability, on the other hand, takes money out of your pocket. Examples include car loans, credit card debt and other…