CFLRider
New Contributor
I'd like to hear some discussion from you guys about having a lot of assets. Here is my reason for this topic:
I had a real estate business flipping houses back when the market was really hot and money was lent out easily. I had a huge net worth and a ton of assets. I also had great exposure as far as risk was concerned and in a way, it limited some of the ventures I could partake in.
Now, a few years later, I got hit really hard by the market crash and lost everything. I feel I have an advantage because I am basically "unsueable". I can take more risk, and try more ventures.
I don't have the advantage of good credit, so It makes me find more creative sources of funding, where as when I had a lot of money, I just used my own money, and in some cases lost it.
What do you guys think?
I had a real estate business flipping houses back when the market was really hot and money was lent out easily. I had a huge net worth and a ton of assets. I also had great exposure as far as risk was concerned and in a way, it limited some of the ventures I could partake in.
Now, a few years later, I got hit really hard by the market crash and lost everything. I feel I have an advantage because I am basically "unsueable". I can take more risk, and try more ventures.
I don't have the advantage of good credit, so It makes me find more creative sources of funding, where as when I had a lot of money, I just used my own money, and in some cases lost it.
What do you guys think?
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