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Originally Posted by SleazyDream
examples of typical liabilities that many think are assets
you car
the house you live in
your boat
your moterbike
cloths
jewlry
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Ain't no way lumps of metal such as cars, boats, bikes or clothes are assets - they are playthings - some out of necessity. Stones and metals can be, - depends on whether ya paid thru the nose for it in a "fine jewellery" store and at markups common in that biz
A house can be, - depends on the financing blah.
Only my
worth, but the best "asset" ever is pure soil in the form of land - nobody can make that, and it keeps getting shorter in supply.