Good Asset / Bad Asset

Kindof an addition to my previous post.

Even though I am not a full supporter of "Rich Dad, Poor Dad". A very important lesson from his books is that you can have a real asset, or good asset. A house is actually a bad asset. I know that makes everyone go into shock. How could this be you exclaim? Well very simply, the rule for being an asset is when it produces cash in your pocket. Anything that gives you cash flow, or makes you some money, is truly an asset.
Now, a bad asset, or simply something not considered an asset at all, will not make or produce any money for you. An example; if you pay to have your car, or it keeps depreciating in value, it is a liability. Anything that draws money from your bank account is a liability. According to "Rich Dad", we need to build up more assets than liabilities in order to be financially free. The assets will keep paying you even into retirement.