Your most valuable Asset 11.11.2009

Your most valuable Asset 11.11.2009

To the Editor and to the readers of the Country Journal:

A letter containing several statements was published in the November 4, 2006 edition of this publication. Included were:

1) “…property values (the largest asset most people have)”;

2) “Two of the candidates seem to be making an issue, with their expensive slick signs, about the fact that two of their opponents chose to resign from the Council following a legal action taken against the Town Council.”;

3) “If the Town Council was to be sued again, how much of your personal assets are you willing to commit to defending the Council…”.

I will discuss each of these statements in successive missives, commencing with item 1 in this one.

Property values are not an asset. Property is an asset. An asset can be transferred. It can be used. It can serve as collateral. The right to use something is an asset.

The value of an asset is an opinion. An opinion is subjective, based on facts, or on wishes, on reality or on fantasy. A value is an opinion about the worth of an asset. That asset can be real estate.

The most important asset that you, the reader, have: are you. You own you. Your mind belongs to you and not to anyone else. Without your mind, you cannot earn the resources to acquire assets such as real estate, ideas, tools, or toys. Without your mind, you cannot enjoy life, you cannot appreciate red-tail hawks against blue skies, you cannot respect or despise other people, and you really cannot live.

One more time: You are your most valuable asset.

I will address items 2 and 3 in other missives.

Doc Ellis, Agua Dulce