I understand the house is not an asset thing because it costs money to maintain. Is the maintenance not more of an expense than a liability. Hanti it can be dissolved to produce a cashflow in the future?
On Thu Mar 10th, 2011 12:32 AM PST Milton Jiri wrote: >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. > -- 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.
