Assets put money in your pocket
The simple test that separates things that make you richer from things that quietly make you poorer.
In the app: 2 lessons · 1 quick check
Key points
1. The pocket test
- Asset: savings that earn interest, a shop or tricycle that earns more than it costs to run, a skill people pay you for.
- Liability: a car you only use to show off, a phone bought on credit, a loan for a party.
2. Buy assets first, enjoy later
- Robert T. Kiyosaki, Rich Dad Poor Dad (1997) — assets vs liabilities. Some of the book's other claims are debated; the pocket test is the…
Before a big purchase, ask: will this put money in my pocket, or take it out every month?
The full lesson is in the Kopkad app
Worked examples in naira, quick checks to test yourself, and the step-by-step guide to doing it, free with your account.
Read more elsewhere
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Full lesson + tools in the Kopkad app
See your own money statements
Wealth Builder turns what you log into an income statement, a cash flow and a balance sheet.
- Full lessons with real examples
- Quick checks as you learn
- Wealth Builder tools to do it
Free to join. Find the lessons under Learn → Financial Literacy at app.kopkad.ng and in the Android app.