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As an adult, I have difficulty explaining it to other adultsWhy? Because adults are smarterIn most cases, the simplicity of the idea escapes most adults because they have been educated differentlyThey have been educated by other educated professionals, such as bankers, accountants, real estate agents, financial planners, and so forthThe difficulty comes in asking adults to unlearn, Jimmy choo or become children againAn intelligent adult often feels it is demeaning to pay attention to simplistic definitions

Rich dad believed in the KISS principle-"Keep It Simple Stupid"-so he kept it simple for two young boys, and that made the financial foundation strong
So what causes the confusion? Or how could something so simple be so screwed up? Why would someone buy an asset that chloe bag was really a liabilityThe answer is found in basic education
We focus on the word "literacy" and not "financial literacy What defines something to be an asset, or something to be a liability are not wordsIn fact, if you really want to be confused, look up the words "asset" and "liability" in the dictionaryI know the definition may sound good to a trained accountant, but for the vintage omega watches average person it makes no senseBut we adults are often too proud to admit that something does not make sense
As young boys, rich dad said, "What defines an asset is not words but numbersAnd if you cannot read the numbers, you cannot tell an asset from a hole in the ground
"In accounting," rich dad would say, "it's not the numbers, but what the numbers are telling youIt's just like tiffany replica jewelry wordsIt's not the words, but the story the words are telling you
Many people read, but do not understand muchIt's called reading comprehensionAnd we all have different abilities when it comes to reading comprehensionFor example, I recently bought a new VCRIt came with an instruction book that explained how to program the VCRAll I wanted to do was record my favorite TV show on Friday gucci gucci night