Saiyonara to '02...welcome 2K3!!!

[dondada]

Wow! I dont believe that another year has passed so quickly. I remember when i was 21 where I had no worries or responsibilities except to go to school. Party and hang with friends just to pass time. Now I just turned 28....what the hell am i really doing in life? I need to start defining what i want and how i am to achieve them. whats scary is

Comments

Happy New Year

[tigression]

Wow, it was interesting and inspiring to read all of your goals for the next year. I probably should get my okole in gear too!

My favorite part of your post was the asset part- my pops ALWAYS says that to me... That isn't an Asset, Don't get liabilities!!!!

Good luck!!!!

Re: Happy New Year

[dondada]

Thanks for the encouragement!!! Well, i made reference to this book called "Rich Dad, Poor Dad" by Robert Kiyosaki. He actually convinced me to look at certain accounting priciples differently such as the car being a liability rather than an asset cuz the car depreciate in value. true assets are those that appreciate (i.e. property). Ironic that my acct professor in college suggested me to read it. When you have time, you should definately read it. It made an impact in my professional life.

Re: Happy New Year

[lollipop617]

I love the whole series. Actually, he says your house is a liability also, because it takes money out of your wallet. But this of course doesn't mean you shouldn't buy a house. It just means you should not count it as an asset.

Property is considered an asset in Kiyosaki terms when it puts $ in your pocket (such as an apartment building you're collecting rent from).

Re: Happy New Year

[dondada]

Hey! Im impressed! You know your stuff. Thats true though...positive income from investment property is what you should look for or equity from property. but how he made his riches do not exist in todays market. primarily because real estate is too inflated above and beyond market rent. there is definately a bubble that might someday burst. Kiyosaki was in the market at the right time. i believe after the recession in 87 or so where there were an abundance of forclosure properties both residential and commercial. he probably bought extremely low and sold high in the early 90s. but actually its the message in his books that worth while to read....get the hell out of the "rat race".

[nsl]

this is boring where is the drama? bang. talk some more about your hot weapon ready- waiting- and loaded-

nsl

[dondada]

elocin,

I need to post some fotki pics first and then, "bang"! next time you talk crap, i kindly ask you to sign in as anon to authenticate your response post.

luv ya,
breh

[nsl]

what are you klatting about? breh, do you think any doog kooling yobs gnab to my fotki? yes post up some cip and save it as your llaw repap- pref tfos nrop.

lsn- suomynona

[dondada]

I got the tfos nrop cip of nej that evad took saved as my llaw repap! got it off the internet. if you got more tfos nrop cips, do let me know.

bang!

[xquisiteqt]

haha...tfos nrop, huh? nam erohw sa llew?? herb! you're killin' me over here...this has gnitaehc lllllla revo ti!!!!