Saturday, July 14, 2007

To be Value Contributor by Your Asset(s)

One asked my opinion about money that works for you. Well, I do agree with financial independency concept, but I do not agree with “solely money works for you” concept. My comment was simply: it is partially true: money is important, but it is not everything.

More over, I would rather re-phrase “financial independency” with “survival independency” and re-phrase “money works for you” with “assets work for you”. So it will be sounding like this: Survival independency by assets that work for you. Question: Why is it like that?

As I said, financial independency with “money that works for you” concept may be partially true. In most cases, it does not bring you with the context of life realm. It is quite often that it becomes a virtual concept for many people, but it may be true for those who have money to be invested.

The phrase survival independency with “assets that work for you” concept relies in the asset(s) as the key word. A good asset is something that gives you benefit or positive cash flow. Financial accountant calls it the appreciative one. But the asset is not limited to material asset. As an example, knowledge has now stood as one important asset, termed as intellectual asset. So, what I am saying here is that asset has a broad kind of type ranging from material resources (including money) to non-material e.g. intellectuality property. As the addition to the meaning of good asset, it supposes to be giving contribution not only to you, but also to others. In fact, Islam cites three categories of precious asset:
  1. Applicable knowledge
  2. Good descendants
  3. God’s way sunk cost

From this point of view we may conclude:

  1. Asset concept is to be more down to earth than money concept
  2. By having good asset, you create demand to your own (hence enable positive cash flow)
  3. Asset concept encourages people to be more creative
  4. It brings the context of reality: everybody could be the one!

The example of this may range from a labor blue-collar or a professional worker to an executive business owner or even more a business investor. But again, the key message is to be value contributor to environment by your assets. Believe me; it helps you to refresh the meaning of your existence in this life. So, what is your asset(s)?

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