This week I talk about my view on debt vs investing, how I approach different types of debt e.g. student loan, car finance and a mortgage. I also compare building wealth to training for a marathon, setting a goal, executing on a plan and consistently building over time.
The key point this week I discuss is one of Robert Kiyosaki’s most fundamental concepts from his book Rich Dad Poor Dad, understanding your own personal balance sheet. The difference between an asset and a liability and how this can effect your personal income and expenditure.
Rich Dad Poor Dad by Robert Kiyosaki is available on amazon for £5.99.