Your House Is Not An Asset
Okay, so is your house an asset? I mean, this is a question that I get all the time. And you know, most people have been brainwashed to think that their house is an asset, right? But is it really an asset? So let me just go with the basic definition of what an asset is. And we’ll talk about what an asset is, from a cash flow perspective. An asset is something that is something you own; it’s got some equity in it. And then generally against an asset, there’s something called a