How Does 'Rich Dad Poor Dad' Explain Assets Vs Liabilities?

That day, my parents and sister who were all working abroad suddenly told me that I was a second-generation rich with trillions of dollars in wealth!Gerald Crawford: I am a second-generation rich?

In the third year I've decided to support my girlfriend, Iris Fulton, by opening a flower shop, she has gone into bankruptcy once again. The first time she went bankrupt, I sold the house my grandma had left for me so that I could clear the debt of 700 thousand dollars. The second time she went bankrupt, I was able to locate the bank passbook Mom had left for me as a wedding gift. That was how I paid back one million and six hundred thousand dollars. The third time Iris has gone bankrupt, however, I can only grip the note with my filthy rich dad's phone number while staring at her lost and dazed expression. At that time, I'm debating whether or not I should call him. But that night, I accidentally notice the chat history on Iris' group chat that's displayed on her tablet. "Hey Iris, how many figures are you going to fill into the sum of the bankruptcy contract that's supposed to be cleared this time?" "Let's put ten million dollars. Otherwise, that flower-selling plaything will be able to clear the debt in one go. It'll make things very boring." "As expected of you, Iris! I heard that the plaything waters flowers in the morning and waters your 'flower garden' at night. You're never tired of him, are you?" I put down Iris' tablet before calling my dad right away. "You want me to take over the family business and marry your student, right? Fine, I'll do it. Get your men to pick me up in three days."

For as long as I can remember, my parents have been crying about how poor we are. In order to put food on the table, I dare not apply for a prestigious university even though I'm more than capable of doing so. Instead, I work several jobs per day just to pay the bills, hoping to lighten the financial burden on my parents' shoulders. What I didn't expect is that my parents actually bought my younger brother, Randall Carter, a 500,000-dollar Ferrari behind my back! It turns out that my so-called impoverished parents are actually millionaires! The reason why they keep in the dark about their wealth is so that I don't fight with Randall over the family wealth! But they've completely forgotten that if it wasn't for me, Randall would've drained their accounts dry a long time ago!

After my SATs are over, I go to the office block with my poverty certificate to apply for a school loan. The staff member glances at my paperwork before turning my application down coldly. "To think that you're already swindling loans from the government at such a young age! High-income families like yours aren't lacking in the money department at all!" At first, I think this is just a misunderstanding. That is, until the staff member passes me the information on my parents. "Your parents have a villa worth 20 million dollars in the city center, whereas your younger brother goes to an elite academy that costs 800 thousand dollars' worth of tuition fees per year! "Tell me, how can someone from your family be eligible to apply for a school loan?" I'm stunned, to say the least. The entire village has raised me since young. For the past 18 years, I've been the only child of an extremely impoverished family. Little do I know that my parents have already formed another family of their own in the city…

After my wife, Shannon Stewart, suggests that we each support our own parents, I set up a million-dollar retirement fund for my dad. However, when I review this month's household expenses, I notice that every single payment is made for the father of Sean Gardner, her childhood friend. "Sean's family is struggling. Why wouldn't I help them out? It's not like it's a lot of money." Shannon brushes it off. There are 13 separate expenses of around 100 dollars each in a single month. Yet when my dad needs 300 for medical bills, she prints out the receipt and tells me to reimburse the household account. Tired of arguing, I toss the statement aside and head inside. Then my dad's condition suddenly worsens, and he's hospitalized again. I rush to the bank to withdraw money from the retirement fund. "Your father isn't the beneficiary of this fund," the bank employee states coldly. "Are you sure you have the right account?" My mind goes blank. How is that possible? Every cent in that account is my hard-earned cash. The employee impatiently turns the computer monitor toward me. The account name on the screen clearly reads, "James Gardner's Retirement Fund." James is Sean's dad.

On the very first day Jason and I made our relationship official, he insisted on handing over his salary for me to manage. He said marriage was only a matter of time and that he trusted his future wife to keep the money safe. On the day of our engagement, Jason demanded that I hand over the $960,000 in salary I had “kept” for him over the past four years. “Each month, I gave you $20,000. In four years, that’s $960,000. After expenses, there should be at least $800,000 left, right? I can’t bear to make my parents empty their savings for my marriage. We will use my savings for the wedding, $600,000 as the down payment for the new apartment, and the remaining $200,000 will be my wedding gift to you.” I froze. “But there isn’t a single dollar left!” Jason exploded. “You wasteful woman! You spent all the money?!” His mother also erupted. “So much money, and you squandered it all! What shameful acts have you been up to?! This marriage is off!” Jason demanded to see the accounts. I immediately pulled out the records in front of everyone. Seeing this, Jason’s mother panicked.