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You have always heard that there are many important things that separate rich people from poor people. This is certainly the case. Significant differences in attitudes, actions, and practices make a world of differences between the rich and the poor.

One thing that is a distinguishing characteristic between the two groups is their attitude towards possessions and assets. Poor people always want to own things for themselves.

The rich, on the other hand, prefer to control assets [url=http://www.1855sacramento.com/woolrich.php]woolrich bologna[/url] rather than [url=http://www.msc-sahc.org/moncler.asp]moncler pas cher[/url] to own them outright. In the subsequent paragraphs, you will understand the difference that this makes in real world, practical terms.
What Are the Advantages to Controlling an Asset?
The rich understand that the greatest advantage in their life and investments is obtained when you control an asset rather than own it directly. When you control an asset, you allow the bank or some other financier to own it. They get to have the deed. This means that their money is tied up with it, instead of the rich person's money.

A wealthy person will not care that the bank has the on paper possession of the house, commercial property, hotel, or other producing asset, so long as they get to reap the benefits that the asset produces. If it is a house, they want to live in the mansion. It is not important to them that their money is locked up in it. In fact, they would much rather have [url=http://www.lcdmo.com/hollister.php]hollister france[/url] their money put to productive uses, like in an investment, than to have it limited to own a house.

If the asset is a commercial property or hotel, the wealthy will want to control the management of the property and gain the benefit of the cash flow and net income that it produces. They will not want the liability and responsibility that comes when they actually own it. They only want to realize the investment returns that the asset produces.

The same is true for producing oil and gas properties and other producing assets. The important factor is the utility, income, and cash flow from the investment. This is what the rich are after, not the pride to be able to claim that they own the property themselves.

Donald Trump As An Example
Look at Donald Trump, who [url=http://www.rtnagel.com/louboutin.php]louboutin[/url] is one of the most visibly successful entrepreneurs and commercial property developers in the United States. His name is branded on countless hotels, casinos, residences, and clubs in Atlantic City, Las Vegas, New York, and Palm Beach. Yet the truth is that he has long ago ceased to own most of these Trump Towers, Trump Casinos, and Trump Plazas.

Donald Trump learned after his first financial empire collapsed that the real secret was to get the banks to be the major owners and partners of the properties, and to simply license his name and manage the various properties. This way, he still makes the lion's share of the money. Should things go bad, it is not his money that is tied up and committed to the enterprises, it is the various banks' monies.

Now he is wealthier than he was before his massive financial setback, even though he technically owns less. He has [url=http://www.achbanker.com/home.php]hollister france[/url] become the best known example of this [url=http://www.livetome.cn/]barbour uk Are You Aware Exactly How To Avoid Gett[/url] secret that separates the rich from the poor.
What Are the Disadvantages to Owning an Asset or A Property
The poor love to own things. [url=http://www.seattlesoycandles.com]hollister[/url] It is probably a result of their feeling like they do not have anything for themselves. When they gain the opportunity to acquire a house or an asset, they are quick to sink all [url=http://www.sh-hongliang.com/read-htm-tid-8906.html]louboutin Watch Floyd Mayweather Vs Victor Ortiz Live Streaming[/url] of their money into it so that they can have the pride of ownership. What they do not realize is that they are picking up a number of [url=http://www.orlando-apts.com/nfljerseys/]cheap nike nfl jerseys[/url] disadvantages through owning the asset.

The first downside to owning something is that there is opportunity that is lost since the money can not be put to work in another or multiple productive assets that are generating cash flow and opportunities for income. Leverage is this ability to take a small amount of money and to control a [url=http://www.getconversational.com]hollister pas cher[/url] far [url=http://www.1855sacramento.com/woolrich.php]woolrich parka[/url] greater amount in assets than the actual money committed to the asset will literally secure. Poor people miss the point of this critical concept completely. In their desperate need to own things, they simply lose out on the opportunity to control and use assets.

Another downside to you owning an asset or property is that you must pay for the property taxes on an asset when you [url=http://www.mansmanifesto.com]doudoune moncler homme[/url] actually own it. Rather than give banks this responsibility and onerous expense like rich people do, poor people cling to it as a badge of honor. Rich people know that it is better to save their money and use it for more productive purposes. This is one reason why the rich pay a far smaller amount of money in taxes as a percentage of their income than the working poor do.

A final disadvantage that you obtain when you insist that you must own something rather than control it is that you assume the costs and responsibility to keep up the property or asset. Maintenance can be a considerable burden. This is the case with the lessor cost of a house, and it is all the more true with a major corporate office building or large hotel. Once again, the rich would rather let the actual owner of the property have to pay for upkeep and maintenance than to commit their own money to the burdensome expense.
Owning Something Does not Mean That you are Wealthy
Having possession of an asset does not signify that you [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] are wealthy. In many cases, it simply means that you have liabilities that you are confusing with assets. When you own a house, but you are required to make large monthly mortgage payments on it, this creates a negative cash flow every month. Money leaving your account to pay for something constitutes liabilities.

Assets are things that bring in money every month and create positive cash flow for your financial situation. It is exactly this confusion between an asset and a liability that separates the rich from the poor. The rich are far more interested in positive cash flow than they are in actual ownership of something. The poor do not realize that the house that they own causes them to have negative cash flow and drains them every month.
When You Own Something, You Are at Risk of Predators
Predators tend to prey on people who own things. They do not go after people who control them so much. Besides this, people who own assets and houses are the ones who stand to lose if the asset is robbed or stolen. The rich leave all of the liability and risk of physical loss with the owners, the bank. They do not extend their own money and assets to put them at risk so that they lose them to financial predators. This is a painful lesson [url=http://www.vivid-host.com/barbour.htm]barbour uk outlet[/url] that the poor only learn after they have become victims.

Now that you understand the differences between the status of owner and controller, you should ask yourself a question. How can you come to control an asset that contributes to your positive monthly cash flow [url=http://www.oneg.zakkaz.ne.jp/~saya/cgi-bin/joyful/joyful.cgi]hollister france Leverage In [/url] and passive income?