build a company from scratch.. expand and be the best in the business...
then ask the public to give you more money to expand the company even further.. and like merali pay dividends when you feel like..
always talk.. valuation this.. valuation that..

While i admire the courage of this posting, the truth is there are no universal principles of success and indeed happiness as well! These are deeply personal concepts and what may have worked for Roberty Kiyo"sucky" and the other "self-made" millionaires is by no means a global standard formulae.....my 2cents!

[quote=2012][quote=mwenza]House and land are not assets? Pliiiiiiiiiz!!!![/quote]

Yes, the 5million bob home you've build for your family is not an asset. You pay for power, watchman, electricity, water, service charge and the loan on it plus you cannot sell it because of the sentimental value you'll have attached to it in 5yrs. As someone said, if it's not putting money in your pockets then it's a liability.
The piece you bought for 300k to grow tomatoes that earn you 1k per annum after deducting your costs is not an asset either.[/quote]

My house may not bring chapaa into my pocket,but it does save me rent

You still pay for elec,water n security if you dont own but you rent a house

So IMHO, Home=Asset

If a house is not an asset then this sort of thread is what @qw...... calls "the most useless thread"

an asset.. puts money in your pocket...

if a house saves you money.. may be it put money in your pocket..

not all houses are assets..

mwenza if this matter perturbs you i think you missed out on reading a very important book.. rich dad poor dad by robert kiyosaki.. and that was only his first book..

so this is not the most useless thread.. it is you who needs to go back to investment kindergarten