Tag: Dad Poor

5

Assets, assets and liabilities….

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Thanks to Rich Dad Poor Dad (then bankrupt Dad too!) many people know what are assets and what are liabilities…I am making ONE more distinction…. Assets: are those assets which increase your REAL NETWORTH (NW) Assets: that  increase your nominal NETWORTH Assets: that are essential for your living and usage Assets (liabilities!): that are not […]

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3

Should i buy real estate now?

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I know this may sound sacrilegious, but the housing loan (mortgage) interest deduction is the most over-rated tax strategy in existence. I constantly hear happy “homeowners“ boasting about how much money they “saved“ with their mortgage interest deduction. Asking your boss to reduce your salary would perhaps have the same effect. If you are in […]

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