No dummy, that's not true, now that he's filed bankrupcty his cash free for things like his house. He would only have to sell the house in the event he can't prove he can make payments on whatever payment plan he negotiates. The point is that if he had a lot of spending money he wouldn't have to file bankruptcy, he did it because if he didn't he might have to be forced to sell his house to make payments, that's why he filed both personal and corporate bankruptcies
or he just doesnt want to pay the girl
there are companies whose only business is to hide money for people.
why is this idea so foreign to some of you.
shyt is half way normal for people w/ a little bit o change...especially after a divorce.
and ive already said...only dummies keep cash on them.
People w/ some sense save their money and then throw it all into an investment.
How much walking around money do you think anyone really needs?
At most you probably only need a few hundred thousand on deck...otherwise..you stash that shyt somewhere.
This disconnect is probably why people dont think they can ever be rich.
You buy an apartment building w/ something like 1% - 20% down...you use the cash flow to make payments (lets say the building is worth $300K)....then you buy another building w/ the same type of terms...
...before you know it youre a millionaire.
It doesnt matter you dont have $1million on hand...you have the assets to show and prove so you can invest even more money.