Tuesday 19 November 2013

Would You Prefer to Own or Being Owned?

Watching this short video clip below by Robert Kiyosaki about assets vs liabilities reminded me of an article which I read online regarding a major MNC in Penang's plan to "optimize their resources".

"Intel plans 300 job cuts at Malaysian plants"
Link: http://www.marketwatch.com/story/intel-plans-300-job-cuts-at-malaysian-plants-2013-11-11

In this article, it says that:
"Like any other large organization, Intel continually optimizes its resources in line with its evolving business requirements," said Nick Jacobs, Asia Pacific public relations director, in an email.
And:
The company is increasingly relying on larger, newer factories in Arizona and Oregon as well as plants in Ireland, Israel and China, where it regularly upgrades production processes that shrink the size of circuitry while packing more features into chips.
This reminds me of Robert Kiyosaki's definition of assets vs liabilities:
ASSETS put money into the owner's pocket; while
LIABILITIES take money out from the owner's pocket.
Having understood that, being smart investors:
People KEEP ASSETS which are MAKING MONEY for them;
And, OFFLOAD ASSETS which are NOT MAKING MONEY for them.
This goes on to say that:
When the company is making money, employees become its ASSETS which will be retained;
And, when the company is not making money, employees become its LIABILITIES which will be offloaded.
Most people have come to accept this very fact about the business world. But the question for us now is:
Would you rather become the OWNER of an asset?
Or,
Would you rather being OWNED as an asset?



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