14/02/2020
What is the definitions of an Asset? Robert Kiyosaki define it as, "An asset puts money into your pocket.”
So means If you are collecting monthly rental income from your property, the property you own is an Asset. But, if you stay in your own house, it is a a liability. In a way, it is Cash Flow that determines the value of a property.
For instance, many think that property is a good investment because it would double every 10 years. Sounds like a plan, doesn’t it?
But imagine we forward to year 2030, you intend to sell your property for RM1mil to RM2mil, and you can’t find buyers whose have RM200k+ for upfront to buy your property. Then your property is a liability for you.
So what is the definitions of an asset for property?
It is the property bring you the money into your pocket RIGHT NOW, and we called it Positive Cash-Flow Property.
That’s why we create the a system called AMS (asset management solution), a 360 asset management systemthat turns property intoPositive CashFlow Property. For those who want to know about it more, please PM us :)
And the end wish all of you, Happy Valentine's Day