Nov 30 2007, 12:42 PM
QUOTE(dreamer101 @ Nov 29 2007, 08:16 PM)
tinkerbel,
1) That is YOUR OPINION and YOUR WAY of looking at things. And, you are what you believe. IMHO, anything that does not generate positive cash flow is NOT an asset.
2) In your system of belief, when you buy something and you own it aka even a TV, you think you have an asset and your net worth is increasing. In my system of belief, anything that does not make money for me is not an asset. So, between you and me, who is going to spend more money on things that does not make money?? You or me?? You are what you believe.
Dreamer
totally agree with what you say, i'm few house owner while it was my liability while i still cannot generate the income from it and i need to maintain. gosh, it was heavy to maintain those.1) That is YOUR OPINION and YOUR WAY of looking at things. And, you are what you believe. IMHO, anything that does not generate positive cash flow is NOT an asset.
2) In your system of belief, when you buy something and you own it aka even a TV, you think you have an asset and your net worth is increasing. In my system of belief, anything that does not make money for me is not an asset. So, between you and me, who is going to spend more money on things that does not make money?? You or me?? You are what you believe.
Dreamer
TS : get a landed is more better unless you are investing in condo for short term to resell. if for living, dont get urself into the so called maintenance fees. dont increase your own debts/expenses in today malaysia living expenses. It would increase from time to time.
Added on November 30, 2007, 12:51 pm
QUOTE(jasontoh @ Nov 30 2007, 07:29 AM)
No, for me the correct definition is not important, but at the same time is important because we need to know for education purposes. The more important thing for me is rich. If we get the correct definition and at the same time we are making money, we are both rich and right
for me, how we consider is rich ? 1 million is alot? yeah it was for some people, but not for some.why asset is important?
comparing asset and money, good asset will help to bringing income someday, while money, i earn 20K per month while my expenses is 20K. where those 20K going? 15K i buying BMW ?
can the BMW help me generate incomes?
so the definition of asset issit important? i would say yes.
anyway, it was not important for who rights or something, if you can make money and you have asset, then you are right. who cares if you can make revenue like what uncle bills make, and you do not have any assets?
This post has been edited by cypher: Nov 30 2007, 12:55 PM
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