Rule #1: You must know the difference between an asset and a liability.
๐ Then buy or create assets.
If you want to be rich, this is all you need to know.
This might sound extremely simple, but youโd be surprised at how many people struggle financially because they do not know the difference between an asset and a liability.
An asset ๐ puts money IN your pocket.
A liability ๐ takes money OUT of your pocket.
Once you understand this simple ruleโฆ all you have to do is follow it to gain wealth.
๐ Want a little more? @DeSoClassroom will explain in a bit more detail
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