Assets for teenagers

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I have been reading books on real estate investing along with other business books. I'm currently half way through Rich dad Poor dad, and the talk of assets has baffled me. Growing up my dad, being a business owner himself, said assets are things that have value. The way Robert talks about assets and liabilities makes a lot more sense. Having cash flow from assets has always been the most interesting thing to me, even when I was a kid. My grandpa and dad would teach me all about different ways to make money. Now I'm 17 and getting progressively more interested and educated on the topic : How to invest. I think viewing assets and liabilities like Robert is the best way, but what do you guys think? Do you guys have a different definition or rule you use? Also, me being 17, some assets are as easily obtainable than others, what assets do you guys invest in? And do you guys have any suggestions for a young person like me when it comes to looking for possible assets to earn money from? Thanks! Blake Enustun

[Thomas S.]

At 17 the most valuable assets are those that can be used to generate a income as you state. In addition to having employment part time through the school year and full time in the summer you would consider something as basic as a lawn mower as a asset to generate additional income.

There is only one path to success...hard work. Your desire to work hard and achieve success is your most valuable asset.