According to Rich Dad, Poor Dad author Robert Kiyosaki, a primary home is categorized as a liability because of the debt obligation that you have to pay down. However, after the home is fully paid off or has built enough equity, it becomes an asset due to the appreciation. For some people, their primary home is the biggest asset that they’ve accumulated in their lifetime, other than stock options or their business. For me, primary homes are an asset, not a liability.
As a realtor who does not handle rentals, the only time I make money is when I close a sale or when I get a referral fee. Referrals happen when I introduce my client to another agent in another state.
At Shawn Realty, we think your personal space can help inspire you to live a better life, and maybe even change the world. Take a look at some of the people and their spaces that help change our world!
#1 The Apple Garage in California
Steve Jobs’ parents’ garage in Los Altos, California helped launch Apple.
#2 Els Quatre Gats in Barcelona
Pablo Picasso’s first art exhibition in 1900 when he was 19 years old was in Els Quatre Gats (The Four Cats), a tavern in Barcelona, Spain where Picasso hung out with other artists.
#3 Archimedes in a tub
Did you know that Archimedes discovered the law of buoyancy while taking a bath in his tub? You’ll see Archimedes’ principle in action the next time you take a bath, and maybe you’ll come up with your own brilliant idea?
#4 Casa Azul in Mexico
Frida Kahlo’s Art Studio in Casa Azul, where she created many of her masterpieces. Her home, particularly her art studio, had a significant impact on her creative work.
#5 Room 1742 Fairmont, The Queen Elizabeth Hotel in Montreal
The beautiful iconic room 1742 at The Queen Elizabeth Hotel, Montreal, where John Lennon and Yoko Ono wrote the lyrics for ‘Give Peace a Chance.’
#6 Melville House in Ontario
Melville House in Ontario, Canada is Alexander Graham Bell’s home, where he invented the telephone! ☎️
#7 Julia Child’s Kitchen
Legendary chef Julia Child’s favorite room was her kitchen which she called the “beating heart and social center of her household.”
#8 Menlo Park
From 1876 to 1886, Thomas A. Edison maintained his experimental laboratories in Menlo Park, where he perfected many of his inventions.”