fifth column
Superstar
Wrong, dominion over chit is control. For example the banks have control over non cash buying homeowners. Cash gives you control brother
So dudes on the coli really think owning is more important than money lol.
- Thread starter UberEatsDriver
- Start date
KingFreeman
Barely-Known Member
Ask an entertainer or athlete how much having spending money matters when they get canceled. Or if a house renter gets told to leave when the owner wants to sell.
You don't own shyt, you are either a temporary resident or an employee.
Dumb argument.
You don't own shyt, you are either a temporary resident or an employee.
Dumb argument.
In reality you need both.
You need cash to live, a place to stay, food etc. You also need cash to take advantage of good investment opportunities.
you need to own assets as cash is losing value everyday. Whether it’s stocks, crypto or property. You do need to own assets.
you need good credit because it’s best to use someone else’s money most of the time. But again most people with good credit have cash and assets.
personally I’ve over leveraged myself on assets (own 2 rental properties) which is bringing short term pain. I’ve got enough cash to live but not enough to save at a high rate. I’ll need to raise 100k in about 3 years for a family home. If I can’t do it, I may need to sell one of the properties to bridge the gap. If I’m able to raise the funds without selling the properties I’ll be laughing. The rental income for the properties will pay for 90% of the family house mortgages monthly payments meaning I can save and invest aggressively then. Strengths and weaknesses. Pros and cons.
You need cash to live, a place to stay, food etc. You also need cash to take advantage of good investment opportunities.
you need to own assets as cash is losing value everyday. Whether it’s stocks, crypto or property. You do need to own assets.
you need good credit because it’s best to use someone else’s money most of the time. But again most people with good credit have cash and assets.
personally I’ve over leveraged myself on assets (own 2 rental properties) which is bringing short term pain. I’ve got enough cash to live but not enough to save at a high rate. I’ll need to raise 100k in about 3 years for a family home. If I can’t do it, I may need to sell one of the properties to bridge the gap. If I’m able to raise the funds without selling the properties I’ll be laughing. The rental income for the properties will pay for 90% of the family house mortgages monthly payments meaning I can save and invest aggressively then. Strengths and weaknesses. Pros and cons.
fifth column
Superstar
Would be hard to cancel Floyd Mayweather
KingFreeman
Barely-Known Member
Floyd is an outlier. He has his own brand, marketing, and is monodominant in his field at this point.
Depends what the asset is for. I would never put 100k down on a house I AM living in. But I would do it if I was renting it out.Whose is more successful?
the man who puts 100K down on appreciating assets or the man that puts 20K down?
cash wins again
Cash flow is just as important as cash on handI know what youre trying to say but people only make half baked answers and questions on here.
If you have one you have the other. But most people are too broke to understand that, and expose themselves in all of these threads. If you have money you can own obviously. And if you own you save money. It's not a hard concept.
Once you bring all the extra shyt into play, you've already exposed yourself as struggling...(Not you OP just in general)
I'll tell you the true broke language that's not real. It's what fukks these types of discussions up. You aren't actually talking about ownership if you are borrowing some shyt. You are holding that and it's not yours yet. People need to say "I'm on my way to owning a car" and "I'm on my way to owning a house" but pride kills and that's why these topics come up in the first place.
People that "own" and/or "have money" don't worry about any of this fake borrowing shyt. So you're technically right by saying "actually having the bread"
I dunno other countries, but maybe it's just how America is where people claim ownership when they haven't actually paid some shyt off. It's hard to argue one view or the other when you're lying and stuck in the middleif you say I own but still owe. You are neither but pretending to be whichever.
Just call that shyt mortgaging my future home...it's not the same till it's done
Sorry I realised I rambled. You need balance.
cash rich is where that HENRY statement comes from. High earning NOT RICH YET. Relying on cash usually means you’re getting the bag rn but you need to keep earning that bag to sustain the lifestyle.
to build wealth you do need assets. True for pretty much everyone. Something that generates you income and can reduce the importance of the cash coming in from active labour.
but most people aren’t in this boat. The best way middle earners and middle high earners can achieve a level of financial freedom is through investments and assets. It’s easier to do that the more cash you earn or the credit you can get.
cash rich is where that HENRY statement comes from. High earning NOT RICH YET. Relying on cash usually means you’re getting the bag rn but you need to keep earning that bag to sustain the lifestyle.
to build wealth you do need assets. True for pretty much everyone. Something that generates you income and can reduce the importance of the cash coming in from active labour.
but most people aren’t in this boat. The best way middle earners and middle high earners can achieve a level of financial freedom is through investments and assets. It’s easier to do that the more cash you earn or the credit you can get.
This is a misinformed thread. OP, do you think people making 7 figures and above keep more cash or keep most of their money in assets?
Who told you the big companies are buying with Cash only? Blackrock, one of the biggest dogs out there also get some of the best bank loans in the world. Apple the company with probably the most cash on hand in the world still uses billions in credit every year. Can you guess why?
Who told you the big companies are buying with Cash only? Blackrock, one of the biggest dogs out there also get some of the best bank loans in the world. Apple the company with probably the most cash on hand in the world still uses billions in credit every year. Can you guess why?
fifth column
Superstar
Why? Also where do banks keep their money, can you guess?
Having a mortgaged property is not renting it.
you own it. You buy and sell it when you want. You can mortgage it with whatever bank you want.
you don’t own 100% but you have control over the asset.
even legitimately wealthy people use mortgages. Although it’s usually 50%+ equity as the interest on the loans at that point are minuscule, giving them cash to invest further.
you own it. You buy and sell it when you want. You can mortgage it with whatever bank you want.
you don’t own 100% but you have control over the asset.
even legitimately wealthy people use mortgages. Although it’s usually 50%+ equity as the interest on the loans at that point are minuscule, giving them cash to invest further.
ISO
Pass me the rock nikka
The everyday man is not a corporation.