From: Narbik Kocharians (narbikk@gmail.com)
Date: Sat Aug 09 2008 - 02:36:41 ART
It all depends where your live.
On Fri, Aug 8, 2008 at 6:25 AM, Paul Dardinski <pauld@marshallcomm.com>wrote:
> A house is only on asset if someone is willing to buy it...which of
> course these days can be debatable. A mortgage is always a liability for
> sure. I never really understood why people consider houses an asset in
> any kind of investment sense....they are piles of wood/stone/brick
> requiring almost constant cash to keep up. Any "investment return" is
> strictly speculation. Historically homes have at best only barely kept
> up with inflation......
>
> But of course this is a board about CCIE studies...which of course this
> completely digresses.
>
> :)
>
> Paul Dardinski (#16842 RS/Sec)
>
> -----Original Message-----
> From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf Of
> Scott Morris
> Sent: Thursday, August 07, 2008 9:28 PM
> To: 'Gregg Malcolm'; ccielab@groupstudy.com
> Subject: RE: General Question
>
> Presuming that your home is worth more than what you owe on it, your
> home is
> an assett. Your mortgage is a liability.
>
> If you hate your house, the semantics may be different but the
> accounting is
> the same.
>
> :)
>
> Scott
>
> -----Original Message-----
> From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf Of
> Gregg Malcolm
> Sent: Thursday, August 07, 2008 6:23 PM
> To: ccielab@groupstudy.com
> Subject: Re: General Question
>
> I'm not arguing that employee's salaries, benefits, etc. don't show up
> on
> the balance sheet as an expense. What I *am* trying to highlight is
> that in
> some environments the positive cash flow that someone might contribute
> is
> more evident. For example, an IT person working for a commercial non
> IT
> company might be classified as a liability more readily. It might make
> sense to lay this person off in a cost cutting campaign whereas the gov
> contractor would never 'cut' a paying position. This leads me to next
> point. I suppose in the case the asset would be contract and not the
> person
> - my bad I was in a hurry to leave work. Like I said, I'm no
> accountant.
>
> I'm getting way off topic for this board, but since we are discussing
> bookkeeping, would a homeowner consider their house an asset or
> liability?
> I hear people all the time list their house as an asset but I would say
> it's
> clearly a liability...
>
> Gregg
>
> On Thu, Aug 7, 2008 at 4:23 PM, Hoogen <hoogen82@gmail.com> wrote:
>
> > Yep, exactly what I meant. Thanks for putting that in a better way
> Scott.
> >
> > -Hoogen
> >
> > On 8/7/08, Scott Morris <smorris@internetworkexpert.com> wrote:
> >>
> >> Hehehehe.. You're talking about simple bookeeping ideas here bearing
>
> >> nothing on what normal people use those terms for!
> >>
> >> Think of liability = expense and it'll be easier to swallow! (Yes,
> >> there are some exceptions, but I figure we aren't arguing the finer
> >> points of accounting methods here!)
> >>
> >> Employees are an expense no matter how good (or profitable) they
> >> happen to be. Now, the more profitable ones make them less of a
> >> "liability" in normal terms but no less of an "expense" by any
> >> definition.
> >>
> >> :)
> >>
> >>
> >> Scott Morris, CCIE4 #4713, JNCIE-M #153, JNCIS-ER, CISSP, et al.
> >> CCSI/JNCI-M/JNCI-ER
> >> Senior CCIE Instructor
> >>
> >> smorris@internetworkexpert.com
> >>
> >>
> >>
> >> Internetwork Expert, Inc.
> >> http://www.InternetworkExpert.com <http://www.internetworkexpert.com/>
> >> Toll Free: 877-224-8987
> >> Outside US: 775-826-4344
> >> Online Community: http://tinyurl.com/6dmnsu CCIE Blog:
> >> http://tinyurl.com/2nxxaq
> >>
> >> Knowledge is power.
> >> Power corrupts.
> >> Study hard and be Eeeeviiiil......
> >>
> >>
> >> -----Original Message-----
> >> From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On Behalf
> >> Of Gregg Malcolm
> >> Sent: Thursday, August 07, 2008 4:03 PM
> >> To: ccielab@groupstudy.com
> >> Subject: Re: General Question
> >>
> >> I'm no accountant but if I bill someone @ $200/hr and pay him/her
> >> $50/hr, I'm making some pretty decent money for little cost (overhead
>
> >> - which I would call a liability!)
> >>
> >> If I don't have the employee who you term as a liability, I don't
> >> make money. Assets make money which this employee does. Lots of
> >> companies (especially gov contractors) do just this...
> >>
> >> Just my 2 cents..
> >>
> >> Gregg
> >>
> >> On Thu, Aug 7, 2008 at 3:30 PM, Hoogen <hoogen82@gmail.com> wrote:
> >>
> >> > Good one.. But I like to tell you in every company's accounts books
>
> >> > employees are always a liabilty not an asset. Hard truth but thats
> >> > how it works. If it is the other way around, the accounts guy in
> >> > that company is a total a******.
> >> >
> >> > -Hoogen
> >> >
> >> >
> >> > On 8/7/08, Johnny Phan <johnny_d_phan@hotmail.com> wrote:
> >> > >
> >> > > Joe always speaks the truth even though he's the bearer of bad
> news.
> >> > Just
> >> > > do a simple "network engineer" search on Monster or Dice and you
> >> > > will see the requirements. Cisco certification and skill has
> >> > > become something
> >> > like
> >> > > an after thought. Yes you need it but companies can try to
> >> > > tinger around with it. If it works, then great, even though its
> >> > > not best practice, etc...If it breaks, no problem, we'll just
> >> > > call the service provider or
> >> > an
> >> > > integrator and have them fix it.
> >> > >
> >> > > 1) No matter how skill an engineer is, he will NEVER make more
> >> > > than his manager. I am talking about regular full-time
> >> > > small/medium and even some large companies. You are screwed even
>
> >> > > more if your company spans across multiple states and HR decides
> >> > > you should get paid like you live in North Carolina when you live
>
> >> > > in California. I like to see the Brians and Scott Morris go work
>
> >> > > permanently in a medium size company making less than
> >> > 120K.
> >> > > They will pull their hair out.
> >> > > Work Arounds: Work multiple jobs ???
> >> > >
> >> > > 2) ISPs are starting to clamp down on their devices. Those
> >> > > companies
> >> > who
> >> > > have MPLS as their infrastructure probably know what I am talking
> >> about.
> >> > > They have "offerings" that include leasing of their routers, but
> >> > > you
> >> > don't
> >> > > get to touch them. It looks great in the IT budget because it's
> >> > > not a
> >> > big
> >> > > purchase when you are doing upgrades. Sooner or later, the upper
> >> > management
> >> > > will put one and one together and decide that since they control
> >> > > the routers, they don't need someone with great Cisco experience
> >> > > especially since that person can't even touch the routers. So
> >> > > you are left with troubleshooting data center layer 3 switch and
> >> > > closet
> >> problems, fun.
> >> > "During
> >> > > 90 degree summer days, the closet switch would reboot causing
> >> > > outage in specific areas, can you fix it". I don't know, does
> >> > > putting the
> >> > hot/burning
> >> > > power box in the same closet have anything to do with it ? Let
> >> > > me call
> >> > God
> >> > > and tell him to stop it with the hot weather. Also, with this
> >> > > voice
> >> > stuff
> >> > > coming along you get to troubleshoot phones, woo hoo, just like
> >> > > troubleshooting people's other end devices, like PCs, printers.
> >> > > Really people, is it too much to put in ten digits instead of 5?
> >> > > Just put
> >> > people
> >> > > you call often into speed dial.
> >> > > Work Around: None. Resistance is futile.
> >> > >
> >> > > 3) Raise is optional. Really? Inflation rate is 3% so if you
> >> > > are
> >> > getting
> >> > > paid the same because the company is not doing well, then you are
>
> >> > > getting paid less.
> >> > > Work Around: Quit and find a company that looks at IT as an
> >> > > asset, not a liability.
> >> > >
> >> > > 4) We can't find talented engineers in America. Hmm, who is
> >> > > saying
> >> > that,
> >> > > let me guess. They are integrators who will find some recent
> >> > > CCIE from a country I won't mention, with business Visas and
> >> > > paying them about half
> >> > of
> >> > > what they are charging the customers. You can't find anyone with
>
> >> > > CCM 6.0 experience? EVERYONE, and I mean EVERYONE, at a time
> >> > > will not have experience until they touch it. The secret is if
> >> > > this person is trust worthy enough to let him study up and touch
> >> > > it. For example, let's say
> >> > Joe
> >> > > is an expert at CCM 6.0, etc...then he is ask to upgrade to 7.0
> >> > > or 8.0
> >> > when
> >> > > it comes out. Oh no, Joe doesn't know 8.0, I need someone with
> >> > experience.
> >> > > Let's call an integrator so they can bring someone who has
> >> > > experience,
> >> > from
> >> > > Dubai.
> >> > > Work Around: Hey ipexpert, internetworkexpert, how about
> >> > > offering a
> >> > course
> >> > > in not just passing the CCIE Voice, but how about upgrades and
> >> > > include caveats along with things you will see in the real world
> ?
> >> > > That way when Scott Morris looks for someone with CCM6.0
> >> > > experience, he won't have to
> >> > look
> >> > > far.
> >> > >
> >> > > By the way, does anyone have a date in Dubai for September? I
> >> > > need to
> >> > swap
> >> > > dates because I am lazy and don't want to do it the fair way,
> >> > > which is to check the cisco site often for open dates like
> >> > > everyone else in the
> >> > world.
> >> > >
> >> > > ----- Original Message ----- From: "Joseph Brunner" <
> >> > > joe@affirmedsystems.com>
> >> > > To: <yungli2008@gmail.com>; <ccielab@groupstudy.com>
> >> > > Sent: Tuesday, August 05, 2008 12:44 PM
> >> > > Subject: RE: General Question
> >> > >
> >> > >
> >> > > A few years ago I was in a room and EVERYONE but me was a CISSP.
> >> > >> The cert had become a commodity and everyone started getting it
> >> > >> in like 2004. What are the odds 6 guys (3 it, 1 finance, 1
> >> > >> project management, 1
> >> > >> facilities!) from 2 different companies would all have the same
> >> > >> CERTIFICATION?
> >> > >>
> >> > >> The CCIE is going through the same thing now. I recently went to
>
> >> > >> a technical interview for a consulting position... all 4 of us
> >> > >> were CCIE's ;) And that's just one small room, on planet earth.
> >> > >>
> >> > >> As times get tighter and IT gets more and more commonplace you
> >> > >> need to
> >> > do
> >> > >> A
> >> > >> LOT to keeping earning the amount of money to maintain your
> >> > >> family's standard of living. Don't be shocked to see these
> >> > >> numbers accelerate as more and more IT fields overlap (i.e.
> >> > >> voice and data = same dept in the
> >> > >> company)
> >> > >> and fewer folks are needed.
> >> > >>
> >> > >> I'll leave you with this;
> >> > >>
> >> > >> I went to a "must be CCIE interview once". They wanted 10
> >> > >> things,
> >> > systems,
> >> > >> email, backups, oh, yeah, and cisco". Cisco is really becoming
> >> > >> an afterthought to many organizations...
> >> > >>
> >> > >> "I'll take a C++ guy, who knows java, unix, shell scripts, oh,
> >> > >> and when he's not busy, he can re-design and admin my cisco
> network!"
> >> > >>
> >> > >> -Joe
> >> > >>
> >> > >> -----Original Message-----
> >> > >> From: nobody@groupstudy.com [mailto:nobody@groupstudy.com] On
> >> > >> Behalf Of yungli2008@gmail.com
> >> > >> Sent: Tuesday, August 05, 2008 3:25 PM
> >> > >> To: ccielab@groupstudy.com
> >> > >> Subject: General Question
> >> > >>
> >> > >> Experts
> >> > >> I couldn't understand the CCIE number, current total CCIEs 17660
>
> >> > >> but the current number is 21665.
> >> > >>
> >> > >> How cisco offer these numbers.... symmetrically or?
> >> > >>
> >> > >> For example last month one guy got #21395 now another one
> >> > >> #21665, within
> >> > a
> >> > >> month 270 CCIEs..? I can't believe?
> >> > >>
> >> > >> Li
> >> > >>
> >> > >>
> >> > >> Blogs and organic groups at http://www.ccie.net
> >> > >>
> >> > >> ________________________________________________________________
> >> > >> ___ ____ Subscription information may be found at:
> >> > >> http://www.groupstudy.com/list/CCIELab.html
> >> > >>
> >> > >>
> >> > >> Blogs and organic groups at http://www.ccie.net
> >> > >>
> >> > >> ________________________________________________________________
> >> > >> ___ ____ Subscription information may be found at:
> >> > >> http://www.groupstudy.com/list/CCIELab.html
> >> > >>
> >> > >
> >> > >
> >> > > Blogs and organic groups at http://www.ccie.net
> >> > >
> >> > > _________________________________________________________________
> >> > > ___ ___ Subscription information may be found at:
> >> > > http://www.groupstudy.com/list/CCIELab.html
> >> >
> >> >
> >> > Blogs and organic groups at http://www.ccie.net
> >> >
> >> > ___________________________________________________________________
> >> > ___ _ Subscription information may be found at:
> >> > http://www.groupstudy.com/list/CCIELab.html
> >>
> >>
> >> Blogs and organic groups at http://www.ccie.net
> >>
> >> _____________________________________________________________________
> >> __ Subscription information may be found at:
> >> http://www.groupstudy.com/list/CCIELab.html
> >>
> >>
> >> Blogs and organic groups at http://www.ccie.net
> >>
> >> _____________________________________________________________________
> >> __ Subscription information may be found at:
> >> http://www.groupstudy.com/list/CCIELab.html
>
>
> Blogs and organic groups at http://www.ccie.net
>
> _______________________________________________________________________
> Subscription information may be found at:
> http://www.groupstudy.com/list/CCIELab.html
>
>
> Blogs and organic groups at http://www.ccie.net
>
> _______________________________________________________________________
> Subscription information may be found at:
> http://www.groupstudy.com/list/CCIELab.html
>
>
> Blogs and organic groups at http://www.ccie.net
>
> _______________________________________________________________________
> Subscription information may be found at:
> http://www.groupstudy.com/list/CCIELab.html
>
>
>
>
>
>
>
>
-- Narbik Kocharians CCSI#30832, CCIE# 12410 (R&S, SP, Security) www.MicronicsTraining www.Net-Workbooks.com Sr. Technical InstructorBlogs and organic groups at http://www.ccie.net
This archive was generated by hypermail 2.1.4 : Mon Sep 01 2008 - 08:15:29 ART