Ep. 54 Assets vs. Liabilities – Why Young Adults Need Financial Literacy | Rich Dad Poor Dad Ch.2

Hey homegirl! This is Part 3 of the Developing Your Rich Mindset Series based on one of the best personal finance books ever, Rich Dad Poor Dad. In Part 3, I discussed why financial literacy is so important, especially for young adults. We are often excited about nice things and quickly spend our money on liabilities instead of investing in assets. This episode will help you shift your money mindset, understand the difference between assets vs. liabilities, and prepare you for MAJOR money moves in the future. Listen to the full episode from start to finish, and give me your feedback in the comments!

We never ever level up alone over here so make sure to share this video with your homegirls! Any questions? I’m always a DM away @theresponsible homegirl on IG.

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Timestamps:
00:00 Intro
02:19 What you don’t know will hurt you
03:33 It’s not about what you make, it’s about what you keep
04:32 Focus on your financial intelligence
07:45 The difference between assets and liabilities
11:35 Why the rich get richer and the poor get poorer
15:11 Mind your own business- how to invest in assets
16:37 Recap- build small money habits that’ll set you apart

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