Monday, April 03, 2006

Assets: Your Personal Loot

The cold hard stuff Assets: Your Personal Loot

Your personal loot adds up to your "assets": personal, monetary, or real property. You need to care for and guard it.

The lesson of the toilet overflow, and Bo not knowing what to do about it, got me thinking about many facets of "assets." He would have turned off the water if he knew how and thought about it. A house, automobile, investment funds are the things most people think of when using the term "assets." I don't see many balance sheets that list "keys, social security number or a good reputation" as assets, but they are all part of your personal loot and deserve the same attention and respect as your stock portfolio.

The take-away here: Pay attention to and take care of your personal booty. Everybody wants it.

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