Archive for silver coins. gold coins
The Difference Between Assets and Liabilities
Posted by: | CommentsYesterday I mentioned Robert Kiyosaki’s book “Conspiracy of the Rich”. If you’ve read this or any of Robert’s other books you will know he is still amazed we don’t educate our children at ANY level (grade school or college) about the fundamentals of money.
You may perhaps learn how to write a check but never get taught the REAL difference between assets and liabilities.
You may get taught buying a house is an asset, but in reality that mortgage is a liability for YOU – the house is an asset for the bank that lent the money to you.
I like the fundamental idea of owing precious metal assets in the form of graded gold coins and graded silver coins. And I especially like building that asset base using the income from my home business!
There is an underlying asset that’s building in the weight of graded silver or gold that you hold. Now it might be that the price of metals varies over time, but at least you own a physical precious, valuable metal in a form that is readily tradable.
Most home businesses I get invited to look at leave me with empty bottles of vitamins, drinks or some other perishable commodity – not what you’d say was a valuable resource – like gold or silver coins.
Where my silver coin collecting really becomes an asset is in the residual income each month as I grow my business team and help them build their businesses. Not only do I have a growing physical coin asset from the “Coin of the Month” club, but I also earn a monthly income from my business.
This is the most valuable asset that Robert Kiyosaki would recognize – namely the income potential. Join my silver coin home business team here and start to develop your asset base.