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12-09-2006, 11:26 AM
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To shreds, you say?
Join Date: Aug 2004
Location: in the house and on the street-how many, many feet we meet!
Posts: 18,449
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In Robert Kiyosaki's book Rich Dad, Poor Dad he says that a house isn't an asset unless it is paying you every month. Otherwise it is a liability. A rental property would be an example of an asset.
What are your thoughts on this, and or his book, if you've read it? I'm gearing up for a big thread on a related topic, but I'm curious about this. His definition of assest makes sense, but there may be something I am missing.
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