Robert Kiyosaki describes a very good passive income, he called investment. Investors are people who use their time invested in the enterprise, there is no money in the pockets where they need to. Let us look at the word investment, to see if it's true. Most of us would agree that a car is not investment - right? Because it costs us money every month - do not put money in our pockets, is not it?
Part of the struggle to know to make money, is knowing how to handle your valuable time and effort. All of our hours of fighting with the dollar exchange. Either we give up the work of the work of our free time, day or night, we hired another person or who we want to control like the eagle, or we put all of its stock market and lose it! Not much fun, right?
Passive income is the perfect answer, let your presence is not required. The fortunate few who enjoy the passive income not work, do not worry about tomorrow. They can go on vacation, they want, and if successful, such as the want. They make money when they awake, when they sleep! They really have it all.
But how many would agree that the house is not an investment? ! When you stop and think - the house is not an investment, because it costs money every month - it does not put the money in your pocket. You think its value is always more and more - ah, oh - not so! For very simple reason, its value will not increase. You said, "but look at how much the house cost - 50 years ago today a small part of the price!" - I replied to see what a dollar can buy then. Look at what a dollar can buy today! The harsh reality is that inflation, the dollar's purchasing power has been melting in front of us, it just needs more of them to buy a house! This is the value of the dollar's decline!Mortgages, residential and commercial, it is very difficult to get. The bank holding money instead of lending it - unless you have a FICO score in the high 700's low debt to income ratio, and can record all your income and assets, debt ratio below 80% of the value of the property, as well. .. The list goes on - oh, and that the color of your great grandmother's eyes! Underwriters (the poor person who is responsible for review and final approval of your loan) was intense fear. It easier to reject your loan application, slept, was not approved, to take regional action programs, loan defaults, and enter the foreclosure - just look at what is happening around the country hundreds of millions of foreclosures - worst nightmare, because the Great Depression.
When a house as an investment, you pay. For example, the rental property pays you, but at this time, the real estate market turmoil. I would not suggest what, you dive into those muddy waters now. Commercial real estate is larger, should be paid to you more - but if you get the money?
Part of the struggle to know to make money, is knowing how to handle your valuable time and effort. All of our hours of fighting with the dollar exchange. Either we give up the work of the work of our free time, day or night, we hired another person or who we want to control like the eagle, or we put all of its stock market and lose it! Not much fun, right?
Passive income is the perfect answer, let your presence is not required. The fortunate few who enjoy the passive income not work, do not worry about tomorrow. They can go on vacation, they want, and if successful, such as the want. They make money when they awake, when they sleep! They really have it all.
But how many would agree that the house is not an investment? ! When you stop and think - the house is not an investment, because it costs money every month - it does not put the money in your pocket. You think its value is always more and more - ah, oh - not so! For very simple reason, its value will not increase. You said, "but look at how much the house cost - 50 years ago today a small part of the price!" - I replied to see what a dollar can buy then. Look at what a dollar can buy today! The harsh reality is that inflation, the dollar's purchasing power has been melting in front of us, it just needs more of them to buy a house! This is the value of the dollar's decline!Mortgages, residential and commercial, it is very difficult to get. The bank holding money instead of lending it - unless you have a FICO score in the high 700's low debt to income ratio, and can record all your income and assets, debt ratio below 80% of the value of the property, as well. .. The list goes on - oh, and that the color of your great grandmother's eyes! Underwriters (the poor person who is responsible for review and final approval of your loan) was intense fear. It easier to reject your loan application, slept, was not approved, to take regional action programs, loan defaults, and enter the foreclosure - just look at what is happening around the country hundreds of millions of foreclosures - worst nightmare, because the Great Depression.
When a house as an investment, you pay. For example, the rental property pays you, but at this time, the real estate market turmoil. I would not suggest what, you dive into those muddy waters now. Commercial real estate is larger, should be paid to you more - but if you get the money?
