Skip to main content

Assets

One of my idols that always give me inspirations by his quotes which is usually about financial success is Robert Kiyosaki. I always try to learn and implement his suggestions about financial plan and hope that I can be a success person. I follow him for his ideas from a Facebook page HERE. I also have some books written by him like "Cash Flow Quadrant" and "Rich Dad Poor Dad". Some of his quotes talk about assets. These are some of them.
"Live it up! Buy everything you want… just by the assets to pay for them first."
"I use debt to buy assets. Most people use debt to buy toys and liabilities."
"Don’t buy luxuries until you have built the assets to afford them."
"If you want to predict a person’s financial future, you have to look no further than the expense column. Are they buying liabilities or assets?" 
"By making charity and investing in assets making expenses in his budget, my rich dad ensured that he would make them a priority. He called it paying himself first." 

OK.  Firstly, we must figure out what asset is. In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).[Wikipedia] Another definition from Investopedia said that In the context of accounting, assets are either current or fixed (non-current). Current means that the asset will be consumed within one year. Generally, this includes things like cash, accounts receivable and inventory. Fixed assets are those that are expected to keep providing benefit for more than one year, such as equipment, buildings and real estate.
When we talk about assets, usually we also hear about liabilities. In financial accounting, a liability is defined as an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. [Wikipedia] I found a resource that gives some samples about assets and liabilities so I hope that we can realize the differences between them more easily.
These are assets.
  • Cash -- any physical currency and coins you have
  • Funds in the bank -- all the money you have in a savings, checking, or money market accounts, and any certificates of deposit (CDs)
  • Stocks, bonds and mutual funds: also list savings bonds
  • Retirement accounts -- includes 401(k) funds, IRAs and any other retirement accounts
  • Life insurance -- counting any cash value you have in the policy
  • Motor Vehicles: the current blue book value of any cars, motorcycles, boats, RVs, etc.
  • Real Estate -- the current market value of property (house, condo, land, etc.) you own, even if you have a mortgage
  • Personal Valuables -- including the market value of jewelry, collectibles (from baseball cards to art) and furniture
  • Money you're owed -- as long as you have a reasonable expectation of being paid back [source: Sahadi]
In reality, just because you own these assets doesn't mean you'll be able to access their monetary value today. Only cash and other highly liquid assets -- things that you can exchange for a good market value quickly -- are easily accessible. Although it might take months to turn real estate into its true cash value, use the full market value when calculating your net worth today.

These are liabilities.
  • Mortgage -- the principal or amount you have left to pay on your mortgage(s)
  • Home equity loan -- how much you owe if you have a home equity loan
  • Automobile loan -- the amount you have yet to pay on your car(s) and other motor vehicles
  • Student loans -- the amount left on student loans
  • Credit card debt -- any balance owed to a credit card company
Now, I always think about how I can build assets. Then, I also always some ideas like build valuable website, manage land, make business in trading, etc.  But, Steve Job said, "Idea is cheap". Yeah, implementation is the important one. I must learn more, work more, and do the best.
"Don’t just try to find great opportunities. Find an opportunity and make it great." ~ Robert Kiyosaki 
"Rich dad is about teaching you how to mind your own business rather than having others run your life." ~ Robert Kiyosaki

References :
http://en.wikipedia.org/wiki/Asset
http://en.wikipedia.org/wiki/Liability_(financial_accounting)
http://www.investopedia.com/terms/a/asset.asp#axzz22rsUwhkJ
http://money.howstuffworks.com/personal-finance/financial-planning/net-worth1.htm


Labels:
Reactions:

Comments

  1. UnknownOctober 16, 2012 at 12:07 PM

    That really is an inspiring book. Plus it sounded like what I really wanted to hear, words that really matter and something that would work in our days, not just any obselete ideas from the past.
    limited liability company

    ReplyDelete

Post a Comment

Popular posts from this blog

Rangkaian Sensor Infrared dengan Photo Dioda

Keunggulan photodioda dibandingkan LDR adalah photodioda lebih tidak rentan terhadap noise karena hanya menerima sinar infrared, sedangkan LDR menerima seluruh cahaya yang ada termasuk infrared.
Rangkaian yang akan kita gunakan adalah seperti gambar di bawah ini.


Pada saat intensitas Infrared yang diterima Photodiode besar maka tahanan Photodiode menjadi kecil, sedangkan jika intensitas Infrared yang diterima Photodiode kecil maka tahanan yang dimiliki photodiode besar.
Jika tahanan photodiode kecil maka tegangan V- akan kecil. Misal tahanan photodiode mengecil menjadi 10kOhm. Maka dengan teorema pembagi tegangan:
V- = Rrx/(Rrx + R2) x Vcc V- = 10 / (10+10) x Vcc V- = (1/2) x 5 Volt V- = 2.5 Volt
Sedangkan jika tahanan photodiode besar maka tegangan V- akan besar (mendekati nilai Vcc). Misal tahanan photodiode menjadi 150kOhm. Maka dengan teorema pembagi tegangan:
V- = Rrx/(Rrx + R2) x Vcc V- = 150 / (150+10) x Vcc V- = (150/160) x 5 Volt V- = 4.7 Volt
Sekarang kita akan melihat trimp…
Post a Comment
Read more

Beli Bahan Tekstil dan Jasa Jahit di Bandung

Acara wisuda akan dilaksanakan pada Juli 2012 dan untuk acara tersebut saya memerlukan jas. Saya langsung googling untuk mencari tempat yang menjual jas. Sebelumnya saya sempat berpikir untuk menyewa jas saja namun karena tampaknya jas akan cukup penting nantinya dan harga penyewaan yang umumnya tidak murah maka saya memutuskan membeli. Saya mencari tempat yang menjual jas yang murah di Bandung. Hasilnya beberapa artikel menyebutkan Pasar Baru Bandung menjual berbagai bahan tekstil dan pakaian termasuk jas. Saya langsung membuka Google Maps dan mencari lokasi Pasar Baru Bandung. Berikut adalah lokasi Pasar Baru Bandung.

View Pasar Baru Bandung in a larger map

Setelah mengetahui lokasi tersebut, saya memutuskan pergi sendiri ke Pasar Baru Bandung. Tidak lupa saya menyiapkan GPS berhubung sangat lemah soal arah jalan. Alhasil, setelah sampai di dekat jembatan, sebelum jalan Suniaraja saya sempat mengambil arah yang salah dan akhirnya berputar-putar di daerah sekitar Pasar Baru (Jalan St…
2 comments
Read more

Sariawan dan Vitamin B12

Beberapa hari yang lalu, saya yang kebetulan sedang sariawan diminta teman saya di FKG Unpad yang sedang mencari pasien sariawan, untuk datang ke tempat praktek FKG yang berada di Sekeloa (dekat Dipati Ukur). Awalnya sempat malas, tapi karena saat itu saya sedang tidak ada kerjaan dan FKG tampaknya cukup 'menarik', akhirnya saya memutuskan pergi ke sana. Saya mendaftar jadi pasien di rumah sakit FKG terlebih dahulu, kemudian baru saya diajak ke tempat prakteknya. Saat ditanya apa penyebab sariawan saya, saya tidak ingat. Mulut saya pun kemudian diperiksa. Kaca mulut, sonde, pinset, dll sudah masuk ke mulut saya. Beberapa kali seriawan saya tersentuh. Seorang temannya Gema membantu mencatat data hasil pemeriksaan. Setelah itu, giliran dosennya yang memeriksa mulut saya. Pada bagian akhir sariawan saya diberi suatu obat cair. Pesan dari teman saya untuk memperbanyak minum air dan konsumsi vitamin B12.
Menurut Dosen Gizi dari Departemen Gizi Masyarakat Sumber Daya dan Keluarga, …
1 comment
Read more

Kerusakan pada Motherboard

1. Sering terjadi hang
memory tidak cocok --- ganti memoryada virus di harddisk --- scan harddiskover clock --- seting kembali clock prosesorada bad sector di harddisk --- partisi harddisk dengan benar 2. Pembacaan data menjadi lambat
memori tidak cukup --- tambah memoriharddisk penuh atau ada virus --- kurangi isi harddisk, scan harddisk, atau ganti hardisk 3. CMOS failure
baterai habis --- ganti baterai CMOSseting BIOS berubah --- seting kembali BIOS 4. Tidak bisa booting
cache memory rusak --- disable eksternal cache memory di BIOSmemori tidak cocok --- ganti memoriboot sector pada harddisk rusak --- masukkan operating system baruada bad sector pada trek awal harddisk --- partisi harddisk 5. Suara bip panjang berkali-kali
memori rusak --- periksa kedudukan memorimemori tidak cocok --- ganti memorimemori tidak masuk slot dengan sempurna --- periksa kembali kedudukan memori 6. Suara bip bagus tetapi tidak ada tampilan / bip dua kali
VGA card rusak --- ganti VGA cardslot VGA tidak terpasan…
Post a Comment
Read more

Beautiful Rain (JDorama)

Saya selalu tertarik dengan film-film inspirasional, baik movie atau pun serial drama. Akhir-akhir ini saya tertarik untuk menonton drama serial jepang. Saya googling dengan keyword "inspirational japan dorama" kemudian saya dapati sejumlah review beberapa film bagus dari sejumlah netizen. 
Salah satu yang kemudian saya tonton adalah Beautiful Rain. Setiap episode film ini selalu membuat saya sangat terharu sampai meneteskan air mata. :' Yah, ini mungkin saja karena saya yang terlalu melankolis. Hahaha.

Ini sedikit review dari saya tentang film ini.
Post a Comment
Read more

Itachi Uchiha

Post a Comment
Read more