Rich Dad Poor Dad was first published in 1997, and has racked up sales of 32 million copies in more than 51 languages. Endorsed by many celebrities, this book stayed on the New York Times best-sellers list for six years.
In the recent times the book has built a sort of a cult following and let me decode a few rules that the book tells you to follow.
Understand the difference between an asset and a liability
Is your house an asset or a liability? Ans: Liability (until to repay the entire mortgage of 20-30 years)
The mantra to remember is that the rich buy assets, the poor have expenses, and the middle-class buys liabilities, thinking they are assets.