in the mid-190s, and a man named Robert Kiyosaki wrote a book called Rich Dad and Poor Dad. This book was one of the first books that said the home was not financial assets. Many people claimed at the time that your home is one of the assets. Different people know the financial asset with a different definition. We are going to go over the different definitions used by different people.
If you live life according to the principles of Robert Kiyosaki, then the financial asset is the thing that saves you money every month, quarter, or year. If you were to leave work today, the financial assets that are dealing with it continue to bring money whether you did anything or not. This is what is known as the financial assets. Robert is also known as a financial asset as something that you can sell and turn into money, but the origin of his first principle is the thing that gives you money every month whether you work or not.
other people determine the origin of it as something you can sell them turn into money. The various examples of these types of money in bank accounts, stocks, bonds and private equity funds. Your 401 (k) and any other retirement funds that you have set aside assets are also considered.
Bankers allow you to count their personal property and assets, such as your boat, and cars, and jewelry that you have. When you are applying for a loan, if you have more financial assets in the form of a boat or a car that's paid, the bank looks positive in this regard. Of course, your bank will consider any mutual funds, 401 (k) retirement accounts, cash in the bank, and as an asset for shares.
and we all have different definitions of what is a financial asset, and I urge you to look at yourself and see what your definition is. If you are thinking in your car and financial assets, to consider this matter. How much do you pay for your car and how much you can sell your car? If you can not sell your car for the amount you paid for it or more, I suggest that it is a financial liability. Losing money on the position should not be selected as an asset, no matter what the situation. Sit down with pan and paper and write down what you think that the origin is. Write down what you have is a financial asset. Today you can sell it if you have? If so, you will be able to get more for it than you paid? Can understand the difference between assets and liabilities also mean the difference between becoming rich and stay poor.
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