Buying assets thru Paypal (things that put money in my pocket)

United States
January 14, 2008 9:21pm CST
Ever since 2006 i've been reading a very good book called "Rich Dad, Poor Dad" written by Robert Kiyosaki, and i've even listened to the podcast (even though I haven't listened to ALL of it yet...). In that book and audiobook i've learned about assets and liabilities. I've learned that assets are things that put money in my pocket, while at the same time liabilities take money from my pocket. I do have a desire to become wealthy and rich, but I don't know what kinds of assets there are. The only one I know of is building a business, but I don't plan on buying an expensive franchise or a company. In this day and age of the Internet, we buy stuff online, mostly liabilities or small stuff that aren't assets. But since I only got about almost $40 dollars, I want to buy assets at a low price. I don't live near Wall Street, but i'd like to buy assets online that make money for me. Is there a way to buy assets online, for low cost or inexpensively, and thru Paypal?
4 responses
• United States
15 Jan 08
I do not have an answer to your question, but if you find one please let me know. I have also recently read this book and yes it is a very inspiring book. Although I did not know he had a podcast? Could you lead me there?
• United States
10 Mar 08
I guess the only thing I can say is just use ebay, or use an online auction. i have heard of people buying things off the auction and also selling on ebay. So thats not to bad paying lowing. But I will say the more you invest in something that you know is going to prosper, the more you will eventually get back. I personally wouldn't mind ownig a starbucks.
@Sungolian (377)
• United States
20 Jan 08
Real Estate (land) is really the most secure type of asset. However, I don't know about any really good assets you can purchase for only $40.
• United States
15 Jan 08
If you are talking about buying stocks. I would really consider them to be an asset because they can quickly lose money as easily as they can make you some money. With $40, I suggest you buy Robert Kiyosaki's Cashflow Quadrant book (or see if it's in your local library) and read that book. Much of what Kiyosaki speaks of, is right around the corner and the stock market is already fluctuating wildly. It's a good read.