Renaissance for LEADERS

Peak Performance Resources for Leaders by Leaders

Tag: Property

Asset

1. Somebody or something that is useful and contributes to the success of something. 2. A property to which a value can be assigned. 3. The property that is owned by a particular person or organization. 4. The property of a person that can be taken by law for the settlement of debts or that forms part of a dead person’s estate. 5. The items on a balance sheet that constitute the total value of an organization.

Capital

1. Material wealth in the form of money or property. 2. Wealth in the form of cash or property that can be used to earn income. 3. The net worth of a business, which is the amount by which its assets are greater than its liabilities. 4. What you own free and clear. 5. Money that can be used to produce further wealth. 6. Advantage derived from or useful in a particular situation. 7. Any resource or resources that can be used to generate economic wealth. 8. The capitalist class considered as a group. 9. The assets of a business that remain after its debts and other liabilities are paid or deducted.

Economic Freedom

Economic freedom enables people to make their own economic decisions. This freedom includes the right to own property, to use it, and to profit from it. Workers are free to choose and change jobs. People have the freedom to save money and invest it as they wish. Such freedoms form the basis of an economic system called capitalism.

Leverage

1. The process of applying a small force that multiplies into a large effect. 2. The action of a lever. 2. The mechanical advantage or power gained by using a lever. 3. Power or ability to act effectively or to influence people. 4. The use of a small initial investment to gain a relatively high return. Using a small amount of your own money to make an investment of much larger value, thus gaining significant financial power. For example, if you borrow 80% of the cost of a property, you are using the leverage to buy a much more expensive asset than you could have afforded by paying cash. If you sell the property for more than you paid for it, the profit is yours. The reverse is also true if you sell at a loss, the amount you borrowed is still due and the loss is yours. Buying stock on margin is a type of leverage, as is buying a futures or options contracts. Leveraging can be risky if the underlying asset doesn’t perform to your expectations.

Real Estate

A property comprised of land, buildings and any natural resources including flora and fauna, farmed crops, livestock, water, and minerals. Real Estate can be grouped into three categories: residential, commercial and industrial. Examples include undeveloped land, houses, condominiums, townhomes; office buildings, warehouses, and retail store buildings; factories, mines, and farms.

Wealth

1. Many valuable possessions; much money or property; riches. Prosperity, fortune. 2. The condition of having wealth; great material prosperity; affluence. 3. All things that have money value; resources. 4. All material things that are capable of or adaptable to satisfying human wants, and are or can be made subject to ownership. 5. All such material things, and qualities or attributes of man, such as health or intelligence, that increases his ability to produce. 6. According to R. Buckminster Fuller, the number of days you can survive without working for money, while still maintaining your same standard of living.

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