Resources that can be converted to cash isn’t. -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of simbarashe wekwete Sent: Thursday, March 10, 2011 4:19 PM To: [email protected] Subject: Re: Money and wealth
what is an asset? On 3/10/11, Milton Jiri <[email protected]> wrote: > 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. > > -- 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.
