Is your house an asset? According to millionaire Robert Kiyosaki the answer is hell no! LOL. Society has people so misinformed it's not even funny. If you consider your house an asset then what does the bank consider it when they are collecting your money every month? Do you think it's a liability for them in their accounting books?"But my mom and dad always told me that a buying a house is an asset". I don't care what your parents taught you. Just because they are your parents doesn't mean they can't be wrong sometimes. Besides, look at your broke parents and how often they complain about their lives but never take action and then look at Robert Kiyosaki. Who's advice is more sound? Personally I'm going to take Robert Kiyosaki's who has accomplished way more in life them any of my family or friends have in a million years!
If any of you guys know the basics of accounting then you are familiar with the fundamentals of assets and liabilities. Your house cannot be an asset to you and an asset to the bank who collects your money all at the same time.Ever heard of a balance sheet? That clearly does not balance out.LOL. You been hoodwinked, bamboozled and taken advantage of. Are you man enough to face facts or going to ignore the evidence because you are so emotionally attached to your home to see the light. Besides if you call your house which you pay a mortgage every month an asset, then what do you call a house that you rent out to a tenant who pays your mortgage for you every month while you are at the Bahamas bringing in passive income? Do you call that a liability? Same goes for when you get a brand new car. People tell there family and friends"check out my new car that I bought". Don't be a fool and use those words bought and own so loosely! You do not "own" anything. Miss a couple payments and see who owns what. Trust me, I know from experience! LOL. I crack me up. Wait a minute, that sh%t ain't funny!
Always remember, assets feed you and liabilities eat you point blank period. That mortgage is eating u alive! If something is not making you money every month then it is not an asset! If you are kicking out cash every month it is a liability.If you still disagree with me then miss a couple payments on that nice home that you live in . When your house goes through foreclosure then see how much of an asset it is then while you are getting evicted outside while you still in your draws and ain't even get a chance to fully get dressed yet. You better home it ain't in the middle of winter when it happens..LOL
Subscribe to:
Post Comments (Atom)
I saw you ad on craigslist and it directed me to your blog. After reading a few of your entries, I thought this opportunity would be great for someone like you. Don't worry, there are no setup fees, no monthly fees, no fees whatsoever, so you have nothing to lose. You can get mor information at www.tampogo.com. If you're interested, you can sign up for FREE ny enter my ID# NP10695. Don't worry, there are no meetings to attend either. Good luck and I agree that jobs suck.
ReplyDelete