Photo by Sharon McCutcheon on UnsplashYou have a salaried job. You put in long hours every week to keep your job. You get paid, but realize that from one year to another, you barely get by with savings you manage to put together. You are poor and have day dreams of becoming wealthy someday, but spend long fruitless hours wondering why you are not at least on the path to realizing your dream. There is something you should be doing that you don\u2019t know.Maybe you are not poor. You are rich and perhaps you make up to a million dollars a year. You buy what you call assets and take pride in the knowledge that you can afford your needs and wants. Well, just like the poor person described above, there is also something you should be doing to become wealthy that you don\u2019t know. So stop thinking you are wealthy because you are not. Not until you start to do what real wealthy people do.The poor and the rich don\u2019t get to become wealthy largely because they have a distorted knowledge of what assets and liabilities really are.What is an Asset?An asset is what brings you cash flow or passive income. That is just what it is at its core.What is a Liability?A liability is what digs a hole in your pocket and takes away your money, period!Below are what the poor do and stay poor, what the rich do and never get to become wealthy, and finally, what those that are wealthy truly do.WHAT POOR PEOPLE DOThey keep paying for liabilities including car loan, mortgage, credit card debt, student loan and other forms of liabilities they think are assets.WHAT RICH PEOPLE DOThey acquire liabilities in form of chains of houses, cars, yacht and other luxuries that bring in\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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