Well the explanation of just a house isn’t an assest if I remember well is that when you lease it out or sell you are now in real estate. Shifted a level
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Simanga Madhlabuta Sent: Thursday, March 10, 2011 3:40 PM To: [email protected] Subject: Re: Money and wealth Heather, in reality (the house) it is an asset, I agree, but when you taking a financially beneficial view to it, anything that costs you money to keep is a liability and anything that gives you money when you keep it is an asset. On Thu, Mar 10, 2011 at 3:03 PM, 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. > > -- God is love... -- 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.
