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Originally Posted by warlock5
Helpful to the point where it tells you that the importance of assets. He's done a good job of squeezing out a lot more from this. You shouldn't have to read a book to figure this out; some people need to.
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He does have a point about financial literacy. For example, while many people assume a car is an asset, it is actually a liability since it depreciates. Hence, it has to be prioritized in terms of depreciation vs operational value vs objectives value.
I actually apply his stuff to my business. I have no problems buying stuff that puts more money in my wallet. This applies to equipment, primarily. I have no problems buying workstations. Before I used to think, "Oh man, this is another $5K I have to blow" Also, it has helped me to focus on building each and every staff member as a valuable asset that grows exponentially in value as their experience and problem solving skills increase. So I hire more and more people while employing tighter and tigher problem solving seminars.