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Old 03-23-2011, 01:36 PM   #163
Phanuthier
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Originally Posted by Titan View Post
An excellent book that, in part, discusses the school/work question is Rich Dad/Poor Dad. I quite enjoyed it and wish I had read it when I was 16. I definately followed the Poor Dad path and am way over educated and under asseted. He also has a neat take on what is an "asset". Basically, if it pays you then it is an asset. If it needs to be paid for it is an expense. Your car is a classic example. It is generally considered an asset but in their view it is just an expense. If you rent your car out then it becomes an asset. A neat book and my kids will be reading it when they are older.
Make sure they read this as well: http://www.johntreed.com/Kiyosaki.html
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