Christopher N. Edwards on Assets

In accounting 101, I have Learned that aside from cash itself, assets are anything that has value which can be converted to cash.

However, according to Robert Kiyosaki, as many of you have known, ASSETS are anything that puts money into your pocket while LIABILITIES drains money out of it. He then continued to say that if you stopped working, ASSETS will feed you while LIABILITIES will eat you.