A "depreciating asset" is an oxymoron .... Kids should have it drummed into them from an early age that: an asset is something that Appreciates & a liability is something that Depreciates
but the shylocks promote the untruth for their own gready ends ..... check out any loan application & you'll see that things like cars, boats etc are listed under assets (say a lie often enough & people will accept it as the truth)
The sorry fact is that those that have attained above average wealth have (whether directly or indirectly) gained it at the expense of those that cannot manage their money .... this is a cornerstone of the free enterprise system
