An asset puts money in your pocket month after month. Does your personal home do that? Stop calling it an asset.
— Robert T. Kiyosaki (@theRealKiyosaki) May 12, 2014
An asset puts money in your pocket month after month. Does your personal home do that? Stop calling it an asset.
— Robert T. Kiyosaki (@theRealKiyosaki) May 12, 2014
5 replies on “Stop calling it an asset”
Isn’t it saves us rent there by keeping the money into our picket which we had to letgo.
Sorry read it as “pocket”
Not necessarily – if the personal home allows you to save on rent money (or the opportunity cost of not having a house), it’s still saving regular cash flow
That is a partial definition of an asset at most. An asset need not necessarily be putting money in your pocket immediately or regularly, i.e. it need not be income oriented. Anything can be an asset provided it yields more than what you put into it over the period of your “ownership” of the asset. By “more”, I’m also considering inflation, so that you get back something that is more than inflation over the period.
does it matter how u label money … poor quote