第14部分(第1/7 頁)

elling　your　assets；　you　are　taxed　for　any　gains。

So　many　people　have　put　themselves　in　deep　financial　trouble　when　they　run　short　of　ine。　To　raise　cash；　they　sell　their　assets。　First；　their　personal　assets　can　generally　be　sold　for　only　a　fraction　of　the　value　that　is　listed　in　their　personal　balance　sheet。　Or　if　there　is　a　gain　on　the　sale　of　the　assets；　they　are　taxed　on　the　gain。　So　again；　the　government　takes　its　share　of　the　gain；　thus　reducing　the　amount　available　to　help　them　out

Of　debt。　That　is　why　I　say　someone's　net　worth　is　often　〃worth　less〃　than　they　think。

Start　minding　your　own　business。　Keep　your　daytime　job；　but　start　buying　real　assets；　not　liabilities　or　personal　effects　that　have　no　real　value　once　you　get　them　home。　A　new　car　loses　nearly　25　percent　of　the　price　you　pay　for　it　the　moment　you　drive　it　off　the　lot。　It　is　not　a　true　asset　even　if　your　banker　lets　you　list　it　as　one。 My　400　new　titanium　driver　was　worth　S150　the　moment　I　teed　off。

For　adults；　keep　your　expenses　low；　reduce　your　liabilities　and　diligently　build　a　base　of　solid　assets。　For　young　people　who　have　not　yet　left　home；　it　is　important　for　parents　to　teach　them　the　difference　between　an　asset　and　a　liability。 Get　them　to　start　building　a　solid　asset　column　before　they　leave　home；　get　married；　buy　a　house；　have　kids　and　get　stuck　in　a　risky　financial　position；　clinging　to　a　job　and　buying　everything　on　credit。 I　see　so　many　young　couples　who　get　married　and　trap　themselves　into　a　lifestyle　that　will　not　let　them　get　out　of　debt　for　most　of　their　working　years。

For　most　people；　just　as　the　last　child　leaves　home；　the　parents　realize　they　have　not　adequately　prepared　for　retirement　and　they　begin　to　scramble　to　put　some　money　away。　Then；　t