KK, please go into your library and various dictionaries and define an asset for us.
On 3/10/11, Milton Jiri <[email protected]> wrote: > 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. > > -- You received this message because you are subscribed to the Google Groups "tribewithavibe" group. 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