Asset = Liabilities + Equities :)

As an accounting student, I also neglected some of the basic fact or formula in accounting that's Asset = Liabilities + Equitites, I believe most of us do in someways.
After read the book Rich Dad Poor Dad by Robert Kiyosaki, It kinds of click trigger inside me to see the simpliest view that I never thought nor I learn in College's life, the things that we learn that apply to company or corporate that we never try to applied it to our personal life..
Why credit card, mortgage, loan, etc. so popular now? Why we keep using our future money in present? That make us keep
and keeping to pay the interest that we maybe can't cope it by gain from the things we acquired, we usually solely depend on our own main income that's where our job give us...

The wiser way to increase asset isn't by gaining assets ( Car, houses, smartphone, gadgets, accesories, branded stuff, etc. ) by having liabilities, put an example we take 10% loan of the things we own, we need to pay $ 500, stuff by $ 550, if we are not urgently need those things why should we pay more for our short term leisure and neglect longer term of leisure we can get by reinvesting to others thing that can gain profit?

Our main income can serves as our basic asset in cash form to cope our daily expense and some leisure expense, if we still got some left , isn't it wise for us try to make the leftover money to possible provide more money for us? even it's only $ 1? Putting those saving in bank sure a good deal that we gain 2% interest annually deduct by tax that maybe around 1/4 or 1/3 of the interest... but if we want to put more effort and invest it to learn more diversified things like marketing, business, investment, tax, finance, sales, etc. ? wouldn't we can gain and build more value of ourself ? rather than only focus specialized in one segment of skill, sometimes it need more than one set of skill to be success, few set of skills sure wont harm u and maybe will create a more and better opportunities for you ^.^

Other ways to create better value is we can invested in mutual fund, stock, bonds, guaranteed notes, etc. that many financial institution provided in nowadays, or we can start create our own small business that requires us to buy and sell or resell things? we use the minimum spent or investment that would create better value for us , isn't it worth to try? Try to cut off ur debt, dont busted out ur credit card, and taking too much debt.. ^.^