Why My House is an Asset

Ever since reading Rich Dad, Poor Dad by Robert Kiyosaki I think about the definition of an asset and liability. Robert's definition of an asset is:

"An asset is something you (can) own or control that puts money in your pocket. A liability is something you (can) owe and takes money out of your pocket."

I admit, I read Rich Dad, Poor Dad and it changed my whole perspective on how to approach money. I love the idea of money working for me rather me working for money. In Kiyosaki's opinion, your residence is a liability because it generates expenses. There's the mortgage you have to pay every month, insurance, there are home repairs, maintenance, and property taxes. Taking money out of your pocket. Depending on the market you are in, your home may be appreciating in value but that equity is not liquid. You cannot access it unless you sell the house or take out a loan or line of credit.

Still many believe and invest in their home as their main asset. Using Kiyosaki's definition, current trends and proven business strategies, we can quickly turn your main asset into an asset that puts money into your pocket, leveraging traditional business models. How?

So What Can Make A House An Asset or better yet a Super Asset?

According to the standard definition of asset, a house is one simply because you own it (not fully yet if you have a mortgage, but you do have some equity we hope). But your house can become an asset by running a personal franchise or a home business in it, generating some income improving your personal cash flow. Allowing your asset and Your Money working for you. Using your home to run a profitable personal franchise allows you to leverage your "anyway time". your current assets such as computers, living room, and other resources to make money from them rather then spend money on them.

Have you realized that most new businesses started today are Internet-based home businesses? With the expansion of the Internet into more homes, and major trends moving in this direction every day, opportunities are now available to those who choose to take advantage of them and create their own home business. One of the advantages of having a home business is the opportunity to get in at the onset of a trend that is just starting - Personal Franchising from the Home! Along with that comes all the tax deductions of running a business from the home.

You can use your home Making it a super asset! Allowing you to set your own hours, become your own boss, receive tax benefits and establish your own goals. The benefits of having your own Personal Franchise using your home business are extensive, as the Internet is always available, and it works 7 days a week, 24 hours a day so you don't have to. According to Frank Feather (author, FutureConsumer.com), the economic Webolution is coming – a home based economy. People search for items every hour of every day on the Internet. The Internet is a wide-open territory full of opportunities, and people are gaining expanding access to it every single day. This means the potential for your own Internet-based home business is unlimited. The question now is no longer one of whether it will work, but whether or not you have the desire to start an home business? Those who take action now will be able to move forward, achieve what they want out of life, and begin to live the lifestyle they've dreamed about using their main asset, the home, and using it to benefit other areas of their lives.

Why Home? There is truly no place like home for launching a business today. If you systematically apply the information and advice on the Cash Flow Potentials website and other sources, you‘ll greatly increase the chances of turning your home and your personal franchise into a profitable business maximizing your assets.

Current technology is allowing running very large businesses out of your house. They are;

• Technology – increasingly more available, accessible, affordable and usable
  
• Restructuring – large corporations and government shedding skilled professionals
  
• Lifestyle – greater focus on home life and being near family or friends
  
• Commute time – desire to reduce stress and time of traveling to workplace
  
• Service sector – growth in opportunities that home entrepreneurs can readily exploit
  
• Aging population – early retirement and longer life span allowing more scope for home entrepreneurship
  

There are many different reasons for an individual such as you to start their own home-based business. A business can help with those tuition bills. It can help reshape a work-week. It can help you build a future for your family. It's your life, and Cash Flow Potentials can help you build your own business – the way you want it.

All of us have a financial dream. But only a few are able to realize it. That is because the dream may not be affordable in their mind.We however recommend that you live a financial dream and look at using all the assets you have at your disposal to live the life of your dreams.