Robert Kiyosaki: Assets In Pocket
on Monday, July 19, 2021Robert Kiyosaki Money Quote saying that assets add to the bank account while any liabilities drain the bank account. Robert Kiyosaki said:
“Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket” — Robert Kiyosaki
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In this quote, Robert Kiyosaki seems to be distinguishing between assets and liabilities from a financial perspective. Specifically:
- Kiyosaki states that “assets” are things that generate ongoing income or value, such that they “put money in your pocket” even when not actively working through means like rent, interest, dividends or capital appreciation.
- In contrast, he describes “liabilities” as financial obligations that continuously “take money from your pocket” through expenses like loan payments, insurance costs or other drains on one’s resources.
The best interpretation is that Kiyosaki wants to convey the importance of accumulating wealth-generating assets beyond just savings, while minimizing liabilities that do not increase net worth over time. His perspective is that assets aim to produce passive income while liabilities deplete funds without building future value according to his view on optimizing long-term financial positioning through balancing these categories.