Those that put money in my pocket are called Assets.
The bank calls my house and my car and my boat (I am attracting a boat hence its inclusion here;)) an asset because it brings money into THEIR pockets, making them liabilities to me.
Liabilities that are vacuum cleaning my money from my wallet, minus the tax the government takes before I even see it.
A tax deduction plan the US government invented, according to one of my best inspirational businessman @Robert T. Kiyosaki from a free audio download by him suggested from his best sellers.
Because I was brought up to look for income sucking liabilities when I grow up – go get a job, a car, a house, get married and have kids to take to private school and least we forget the clothing/ credit card accounts you must pay every month – instead of cashflow rich assets that bring money into my pocket.
I change my focus I change my results.
I recommend Robert T. Kiyosaki’s [affiliate link] Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! for more clarity on this.
Yours in abundant prosperity,