{"id":22799,"date":"2007-10-10T05:18:00","date_gmt":"2007-10-10T05:18:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=572"},"modified":"2007-10-10T05:18:00","modified_gmt":"2007-10-10T05:18:00","slug":"los-pasivos-de-mr-kiyosaki","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/los-pasivos-de-mr-kiyosaki\/","title":{"rendered":"Mr Kiyosaki\u2019s liabilities."},"content":{"rendered":"
Whilst re-reading some of our articles from a few months ago, I came across one that I\u2019d like to revisit\u2014or for those of you who\u2019ve only recently started following us to read for the first time. It\u2019s about the A Guide to Financial Independence for the Average Household<\/a>.<\/div>\n
That said, whether you\u2019ve read this before or not, I\u2019d like to emphasise the potential our heritage holds if we harness it properly and make the most of everything it has to offer. Cash, business opportunities, but above all the properties<\/span> can and should generate income which go far beyond simple rentals<\/span> which they can only hope to secure at best. All our properties can be an asset, even the properties we reserve for our own enjoyment.<\/p>\n

<\/span>Let\u2019s remember that Robert Kiyosaki<\/a> In his numerous books, he proclaims to his readers that \u00abyour home is not an asset\u00bb, referring to the long-standing custom of treating properties used for one\u2019s own use and enjoyment as just another item on the assets side of the balance sheet, which in reality only \u00abtake money out of your pocket\u00bb. But if we can find alternative financial arrangements capable of generating fixed and secure income that exceeds mortgage costs, we can turn this scenario on its head:<\/p>\n

<\/span>The property cycle has now run its course. And it will remain so for the next few years. But for those who feel uncomfortable unless the bulk of their assets consists of property, even during downturns, there are some very attractive financial solutions. Apart from any rental income they may generate, utilising the mortgage value of their property will allow them to continue to benefit from the potential return on that capital and future capital gains on the properties, even for those intended for their own use.<\/p>\n

\"\"<\/a>Let\u2019s take an example: We suggest to a new Family Office client that they divest themselves of property in favour of cash, so they can invest in fixed-income securities that will generate a regular income, which will be applied appropriately and rigorously to their PGR<\/a>. But he argues that some properties have sentimental value that he wishes to preserve, or he is confident that property is a safe investment even in a cycle such as the one we have now entered. Or perhaps he does not feel comfortable without owning a certain number of flats, plots of land, etc., which he believes will not be affected by the crisis in the sector. They also argue that if the bear market suddenly turns into a bull market, not being positioned would entail a very significant opportunity cost. Well, the solution we would propose is the initial conversion of properties intended to generate rental income \u2013 those to which you have no particular attachment and which are likely to sell for cash. You could also use a mortgage to finance properties with sentimental value or those intended for your own enjoyment, and invest the proceeds in high-security fixed-income investments at a higher interest rate than the mortgage rate. All of this would be implemented financially to generate fixed income in the most advantageous way, and immediately afterwards, this income would enable the acquisition, via mortgage or leverage, of new properties that are better selected and suited to the PGR. The opportunity cost would be eliminated as potential capital gains would remain intact, the selection of properties would be better suited to the family\u2019s present and future needs, and furthermore, the fixed income generated would, of course, comfortably exceed the mortgage costs of all transactions. This margin would even allow for other applications within the PGR that we would design in conjunction with the client. Each case would be carefully assessed to make such rental income tax-free to the greatest extent possible, whilst the mortgages on the client\u2019s primary residence would provide tax relief. We have just created a Cluster effect<\/a> <\/span>using the client\u2019s assets to achieve the current PGR whilst ensuring spectacular future wealth growth.<\/p>\n

Tax exemption, leveraged fixed income, rigour, maximising returns on everyone<\/span> Property, etc., are some of the key elements required for certain wealth restructuring strategies aimed at making the most of all available resources to achieve optimal growth and, ultimately, to find happiness through wealth, whatever its scale.<\/p>\n

Even though our much-admired Kiyosaki<\/a> described as liability<\/span> properties for personal use, and in most cases he is quite right; there are ways to turn them into assets<\/span> without giving up the right to use and enjoy the property, and even generating a double return on rented properties. And, of course, all this whilst maximising the potential for sustained growth in property values over the medium and long term. If I may Mr Kiyosaki.<\/a><\/p>\n

Yours sincerely, Global Counsellor<\/a> y Gur\u00fas Mundi<\/a>.<\/p>\n

P.S. We\u2019ve run into trouble with the Church. I have a feeling this post is going to get quite a few comments\u2026<\/div>","protected":false},"excerpt":{"rendered":"

Releyendo alguno de nuestros art\u00edculos de hace unos meses he encontrado uno que me gustar\u00eda recordar o que lo le\u00e1is por primera vez los que hab\u00e9is empezado a seguirnos m\u00e1s recientemente. Se trata del Manual para la independencia financiera de un patrimonio medio. Dicho esto, y rele\u00eddo o no, me gustar\u00eda hacer hincapi\u00e9 en el […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-22799","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=22799"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/22799\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=22799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=22799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=22799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}