Thanks SMA, Rob Kiosaki says a house is not an asset!
From: [email protected] [mailto:[email protected]] On Behalf Of kudakwashe kamudyariwa Sent: Thursday, March 10, 2011 8:21 AM To: [email protected] Subject: Re: Money and wealth Thanks Sma, good stuff On Wed, Mar 9, 2011 at 5:02 PM, Tinashe Musere <[email protected]> wrote: thank you my brother thats some sound advice there On 09/03/2011, Simanga Madhlabuta <[email protected]> wrote: > You need to redefine wealth if you are serious about being wealthy. > > Redefine wealth!! In studies of millionaires, people are surprised to > learn that most millionaires aren't doctors, lawyers, and corporate > leaders with big houses and fancy cars; they're people who religiously > live below their means and invest the surplus into assets, rather than > liabilities. Know what you're investing into. > > It's an asset if it will bring you more positive cash-flows, it's a > liabilities if it will cost you additional money to keep!! Get it? > > Example: My car is a liability because it takes money from me in > running costs as well as maintenance costs. An asset vehicle would be > one that I use for extra money, e.g, if I owned a cab, it would be an > asset because of the expected cash flows. > > The idea is to match assets and liabilities and to strike a balance. > Remember, the accounting equation??? > > Regards, > > Simanga > > > > -- > God is love... > -- Best Regards Tinashe Musere Love God, love His people! -- Rgds, KK whatever it takes -- You received this message because you are subscribed to the Google Groups "tribewithavibe" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/tribewithavibe?hl=en.
