Essential Economics for Politicians
- Thread starter Bruddah IZ
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- finance too
Bruddah IZ
DA
How’s your reverse mortgage working?
Bruddah IZ
DA
the liability side as always.
Before we go any further, let’s look at Merriam-Webster’s definition of these two key words:
as·set [ˈa-ˌset also -sət] noun
- A valuable person or thing
- Something that is owned by a person, company, etc.
You should try owning your house, if you can ever get one. When you do, it becomes an asset.
But it’s clear from your long posts that you have not had any success in the financial world, so you may have lost money on your house, in which case to you it’s a liability because you owe more than it’s worth.
Bruddah IZ
DA
The home that you live in is a liability. A rental property is an asset. Big difference. One cash flows to the bank, the latter to you. That’s just how it works RE guy.
Tell your accountant and your stockbroker and your banker.
If you tell them my house is a liability and not an asset, they’ll laugh at you.
But when they look at your situation, I assume they’d think otherwise.
Your “financial life” is comprised of copying and pasting. LOL!
Coocoo.
Bruddah IZ
DA
The house that you live in does not cash flow to you but it does to the bank. Get a rental property and pay your tenant to live there.
Bruddah IZ
DA
The negotiator. Lol! So what option did you take?
Bruddah IZ
DA
Doesn’t it give you two pause that denying that the homes we live in are a liability, is denying the housing crisis?
Bruddah IZ
DA
pause..........................
Bruddah IZ
DA
......................
You don't know much do you....
Even if your house is paid for it's NOT generating you TANGIBLE income. Unless your
home is a business, then it is something entirely different.
Why ...because you have to live somewhere, right ?
A rental property is net positive if ALL expenses are below the rental price.
Google : ....is ones home an asset...
Your financial planner, real estate agent, and accountant all call your house an asset. But in reality, an asset is only something that puts money in your pocket. If you have a house that you rent out to tenants, then it’s an asset. If you have a house, paid for or not, that you live in, then it can’t be an asset. Instead of putting money in your pocket, it takes money out of your pocket. That is the simple definition of a liability.
This is doubly true if you don’t own your home yet. Then it’s the bank’s asset, and it is working for them, but it’s not earning you anything.
The simple definition of an asset is something that puts money in your pocket. This is accomplished through four different categories, one of which is real estate. When I say real estate, I don’t mean your personal residence, which is a liability. What I mean is investment real estate, which is a great investment because it puts money in your pocket each month in the form of rent.
https://www.richdad.com/Resources/R...3/rich-dad-scam-6-your-house-is-an-asset.aspx
Bruddah IZ
DA
You would think that it would be obvious after the housing crisis.
5 Things You Must Tell Your Grandma About the Ads on FOX News So She Doesn’t Get Scammed
1. DO NOT MAKE THE CASH CALL. EVER! IN FACT, DON’T CALL ANYONE. OR PICK UP THE PHONE. DEVIOUS PEOPLE WANT YOUR MONEY. AND THAT’S THE JOB OF YOUR GRANDKIDS.
2. THE SALVATION ARMY DOESN’T WANT THAT LOVELY CLAY AIKEN TO BE HAPPY. AND, THEY HATE NEIL PATRICK HARRIS, THAT NICE BOY FROM THAT FUNNY SHOW GRANDMA LIKES.
3. FRED THOMPSON SECRETLY HATES YOU. AND THAT RASCAL SCOOTER YOUR RODE IN ON.
4. YOU DON’T NEED A SPECIAL $10 DOLLAR BAG TO MAKE BAKED POTATOES
5. DON’T TRADE YOUR “WORTHLESS” ACTUAL MONEY FOR “VALUABLE” GOLD
https://www.huffingtonpost.com/jon-hotchkiss/5-things-you-must-tell-yo_b_4176284.html
1. DO NOT MAKE THE CASH CALL. EVER! IN FACT, DON’T CALL ANYONE. OR PICK UP THE PHONE. DEVIOUS PEOPLE WANT YOUR MONEY. AND THAT’S THE JOB OF YOUR GRANDKIDS.
2. THE SALVATION ARMY DOESN’T WANT THAT LOVELY CLAY AIKEN TO BE HAPPY. AND, THEY HATE NEIL PATRICK HARRIS, THAT NICE BOY FROM THAT FUNNY SHOW GRANDMA LIKES.
3. FRED THOMPSON SECRETLY HATES YOU. AND THAT RASCAL SCOOTER YOUR RODE IN ON.
4. YOU DON’T NEED A SPECIAL $10 DOLLAR BAG TO MAKE BAKED POTATOES
5. DON’T TRADE YOUR “WORTHLESS” ACTUAL MONEY FOR “VALUABLE” GOLD
https://www.huffingtonpost.com/jon-hotchkiss/5-things-you-must-tell-yo_b_4176284.html
Sheriff Joe
DA
You forgot one,5 Things You Must Tell Your Grandma About the Ads on FOX News So She Doesn’t Get Scammed
1. DO NOT MAKE THE CASH CALL. EVER! IN FACT, DON’T CALL ANYONE. OR PICK UP THE PHONE. DEVIOUS PEOPLE WANT YOUR MONEY. AND THAT’S THE JOB OF YOUR GRANDKIDS.
2. THE SALVATION ARMY DOESN’T WANT THAT LOVELY CLAY AIKEN TO BE HAPPY. AND, THEY HATE NEIL PATRICK HARRIS, THAT NICE BOY FROM THAT FUNNY SHOW GRANDMA LIKES.
3. FRED THOMPSON SECRETLY HATES YOU. AND THAT RASCAL SCOOTER YOUR RODE IN ON.
4. YOU DON’T NEED A SPECIAL $10 DOLLAR BAG TO MAKE BAKED POTATOES
5. DON’T TRADE YOUR “WORTHLESS” ACTUAL MONEY FOR “VALUABLE” GOLD
https://www.huffingtonpost.com/jon-hotchkiss/5-things-you-must-tell-yo_b_4176284.html
Bruddah IZ
DA
a.k.a. an asset.
Wrong. It’s an asset.
Under republicans, stocks are not an asset.
You’re a dummy. I gave you the definition of the word “asset.” Look it up.