what does asset rich cash poor mean

by entry 18 replies
what does asset rich cash poor mean ?

I cant find any clear descriptions online.
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  • Profile picture of the author KimW
    You have no cash but you have property of some kind.
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    • Profile picture of the author QuickSurf
      Pretty much it is what exactly it says lol, asset rich but cash poor. I owned a commercial financing company, had plenty of clients who on paper had 10's of millions in assets but showed little income (moreso b/c of how they use tax shelters but you get the idea).

      I.E. person owns 50 million in property, files bankruptcy etc etc, shows doesn't have income to support.. yet they have those "assets".
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  • Profile picture of the author Bruce NewMedia
    I had a business partner 20+ years ago. On paper he was a multi-millionaire. Owned buildings, land etc. ...Had to borrow money from me regularly to eat lunch. (at Denny's)
    _____
    Bruce
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    • Profile picture of the author mediasurgeons
      Originally Posted by brucerby View Post

      I had a business partner 20+ years ago. On paper he was a multi-millionaire. Owned buildings, land etc. ...Had to borrow money from me regularly to eat lunch. (at Denny's)
      _____
      Bruce
      They're is plenty of them out there.

      You can stay in their house in France but they can't buy you a drink
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      • Profile picture of the author Bill Farnham
        Originally Posted by jacobjoseph View Post

        You can stay in their house in France but they can't buy you a drink
        I vote for this one...:p
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        • Profile picture of the author Alexa Smith
          Banned
          Originally Posted by Bill Farnham View Post

          Originally Posted by jacobjoseph View Post

          You can stay in their house in France but they can't buy you a drink
          I vote for this one...:p
          Indeed ... I may even be willing to take them a bottle ...
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          • Profile picture of the author Bill Farnham
            Originally Posted by Alexa Smith View Post

            Indeed ... I may even be willing to take them a bottle ...
            I'll bring the cork screw...:p
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            • Profile picture of the author Dennis Gaskill
              Originally Posted by Alexa Smith View Post

              Indeed ... I may even be willing to take them a bottle ...
              Originally Posted by Bill Farnham View Post

              I'll bring the cork screw...:p
              I'll put a log on the fire. What day can I expect you?
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              Inferiority often wears the mask of superiority.

              • Profile picture of the author BlueGlobeSeo
                It could mean that your money is tied up on assets (e.g. house, land) but those assets don't earn positive cash flow for you. Or it just means you own a lot of assets but don't have enough cash to go around, i.e little liquid assets.
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  • Profile picture of the author derekwong28
    It is mainly property but it could be other sorts of investments as well such as stocks, mutual funds and bonds. Since quite often, there is very little dividend derived.

    But the most typical situation is an expensive property occupied by oneself from which one derives little or no income. Good examples of this would be aristocratic families in Europe with large estates but not enough income to maintain it.

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  • Profile picture of the author GrantFreeman
    "what does asset rich cash poor mean"

    Here's my understanding on this..

    Assets = Rich. You INVEST in assets, which are things that have intrinsic value. In other words, things that grow in value over time. Luxury collectibles, well researched property, gold, silver, jewels, good stock trading choices.

    Online? A domain name can be a very valuable asset if chosen correctly. A website. All have the potential of becoming cash flowing assets.

    (I think lots of people that make websites just to resell them are undervaluing their asset potential. They sell them off way too soon, and miss out on even bigger returns later).

    Cash= Poor. When most people say "cash" they usually mean paper money. Paper money has no intrinsic value because the more money that's printed, the more it depreciates. Racking up a credit card generates interest charges.

    Money is not an asset. You use the money to invest later, in assets that can be traded for more cash than invested.

    If you can learn to see money as a tool, instead of money being wealth, you're on the right track

    Grant
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    • Profile picture of the author myob
      Originally Posted by Alexa Smith View Post

      Indeed ... I may even be willing to take them a bottle ...
      Originally Posted by Bill Farnham View Post

      I'll bring the cork screw...:p
      Originally Posted by Dennis Gaskill View Post

      I'll put a log on the fire. What day can I expect you?

      I'll be in the kitchen rustling up some hors devours; escargot with roasted garlic and mushrooms. Mmmm...
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      • Profile picture of the author Dave Patterson
        Originally Posted by myob View Post

        I'll be in the kitchen rustling up some hors devours; escargot with roasted garlic and mushrooms. Mmmm...
        Wonder if that'll work with chicken wings...hmmmm.
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        • Profile picture of the author myob
          Originally Posted by Dave Patterson View Post

          Wonder if that'll work with chicken wings...hmmmm.
          It should work with chicken wings, if you want to bring some along with you. Most likely all the chickens are gone by now, though, and undoubtedly the only things left edible would be snails, mushrooms, and garlic found in the yard outback.
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      • Profile picture of the author Bill Farnham
        Originally Posted by myob View Post

        I'll be in the kitchen rustling up some hors devours; escargot with roasted garlic and mushrooms. Mmmm...
        You need to cook those real slow...at a snail's pace to be precise...
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  • Profile picture of the author emlydecia
    Banned
    I think it means that the one has cashless but he/she have a number of creative thoughts and a shrp mind from which he/she can make money..
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  • Profile picture of the author gareth
    Unemployed homeless dude in a Ferrari
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  • Profile picture of the author Bear157
    Hi all,
    Its mean a person is an owner of large costly property of any kind but don't have a big amount in his bank account.
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