What I learnt from Robert Kiyosaki's book is turning liability to asset. Often times, we acquire liability with the mindset of building our riches which is a sure path way to accumulating debt. But he turned the equation around with this illustration:- Let assume you have a landed property in LA, but instead of residing in Los. You decided to lease it out on a fee - $200 per annum. Isn't that an asset? Meanwhile, an apartment which some people are living in is a liability to them. They pay taxes and maintenance fee.