Well but wex, when you then sell yur house is that not real estate -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of simbarashe wekwete Sent: Thursday, March 10, 2011 3:52 PM To: [email protected] Subject: Re: Money and wealth
assets can be classified into 2 broad terms, the fixed ones i.e immovable ones, and the current one's i.e those that can be easily disposed off or those held for resale. for example, as a business, having ur own property is more advantageous than renting one. ultimately property is the most valuable asset, and an asset has to be maintained otherwise it loses its value. a mix of both fixed and current assets is ideal. On 3/10/11, Heather Nota <[email protected]> wrote: > 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. > > -- 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.
