As a disclaimer, this post is mostly taken from the book Rich Dad Poor Dad. It’s a very informative book written by Robert Kiyosaki, who explains the fundamentals of wealth very explicitly and accurately defines the process of growing your own wealth.

Kiyosaki mentions that the core for getting rich lies in one simple action: acquiring assets and eliminating liabilities.

With this, one is able to earn income much faster than the poor and middle class.

So what are assets and liabilities?

People usually define assets as ‘something I own’, or ‘something of value to me’. While this is not mostly untrue, this definition is not fine-tuned to the prospects of becoming rich. Assets are things that can generate a revenue for you. In other words, assets give you money. One example could be your spare room in your house. While mostly unused, this spare room can be rented out, generating a revenue (note passive income.).

As such, your house, or rather your room, automatically becomes an asset as it’s helping you earn money.


Liabilities can be considered the direct opposite of assets. They are what takes money away from you. One common example is your car. Most of the time, your car consumes hefty sums of money in terms of petrol and maintenance, and the starting cost of the car isn’t a price to scoff at as well. Hence as long as the car is underused, it is considered a liability.

Disclaimer: Cars are not always a liability though. Cars can be used to travel to work, and the time you save traveling in public transport could be used to generate profits. In this case, a car could be considered as an asset.

So the formula is simple. Maximize assets, minimize liabilities. That’s all that there is to become rich.

If it is so simple, why aren’t many people rich?

While the process seems simple in writing, in truth many people get confused over whether an item is an asset or a liability. A sports car or a landed property may seem like a valuable asset, but if it is eating up your savings rather than generating more income, it remains nothing more than a liability.

Bottom line is, know the difference. If it seems like a good deal, take it. Acquire assets that are guaranteed to mature in the future, and get rid of stuff that does so otherwise.


The Main Website

So this is how the main website will look like


To go over a few parts, there will be

The Home Page

Where the main introduction will be placed together with a link to the blog and a list of different projects and seminars that are recommended to attend, as well as a forum for the members.


Here there will be a link to blogs created by our very own team members. It’s also a good way of learning more from different people with different viewpoints.


Here you can send an email to any of our admins. We strongly believe in a 2 way communication.

our blog as of now is

As for now we’re using a free domain, at least until everything is settled and we’re willing to spend money on a domain itself.

Do keep a lookout for updates!

Peace out!

Creation of RAT PACK Club

Hello world!

Welcome to the first official post of this Rat Pack Blog!

For those who are wondering what does ‘Rat Pack’ mean, it simply means to ‘Retire at 20s’. This club is a community of people who see the joy and importance of retiring early and retiring rich. As such, this club will present members plenty of opportunities, insight and real-life experience in working towards obtaining a passive income that is sufficient in supporting themselves and hopefully their families.

The main website is still undergoing construction and it should be pinned up in the Facebook wall, or the top of this website.

Do join in the fun! There’s absolutely no cost in joining and there will never be one. It’s simply a community of like-minded individuals with a common goal: Financial Freedom. Keep an open mind, and get ready to interact with many different people from all walks of life.

More details about the website, and each part of it will be given soon. So do stay tuned!