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Old 03-18-2011, 02:27 PM   #1
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Default what does asset rich cash poor mean

what does asset rich cash poor mean ?

I cant find any clear descriptions online.

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Old 03-18-2011, 02:28 PM   #2
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Default Re: what does asset rich cash poor mean

You have no cash but you have property of some kind.

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Old 03-18-2011, 03:08 PM   #3
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Default Re: what does asset rich cash poor mean

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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Old 03-18-2011, 03:32 PM   #4
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Default Re: what does asset rich cash poor mean

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)
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Old 03-18-2011, 03:54 PM   #5
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Default Re: what does asset rich cash poor mean

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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)
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You can stay in their house in France but they can't buy you a drink
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Old 03-18-2011, 05:58 PM   #6
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Default Re: what does asset rich cash poor mean

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You can stay in their house in France but they can't buy you a drink
I vote for this one...

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Old 03-18-2011, 06:39 PM   #7
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Default Re: what does asset rich cash poor mean

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You can stay in their house in France but they can't buy you a drink
I vote for this one...
Indeed ... I may even be willing to take them a bottle ...

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Old 03-18-2011, 07:56 PM   #8
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Default Re: what does asset rich cash poor mean

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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Old 03-18-2011, 08:08 PM   #9
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Indeed ... I may even be willing to take them a bottle ...
I'll bring the cork screw...

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Old 03-18-2011, 10:19 PM   #10
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Default Re: what does asset rich cash poor mean

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Originally Posted by Alexa Smith View Post
Indeed ... I may even be willing to take them a bottle ...
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I'll bring the cork screw...
I'll put a log on the fire. What day can I expect you?

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Old 03-19-2011, 02:46 AM   #11
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Default Re: what does asset rich cash poor mean

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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Old 03-19-2011, 08:19 AM   #12
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Default Re: what does asset rich cash poor mean

"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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Old 03-19-2011, 02:16 PM   #13
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Default Re: what does asset rich cash poor mean

Quote:
Originally Posted by Alexa Smith View Post
Indeed ... I may even be willing to take them a bottle ...
Quote:
Originally Posted by Bill Farnham View Post
I'll bring the cork screw...
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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...

Retired
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Old 03-19-2011, 02:35 PM   #14
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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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Old 03-19-2011, 06:02 PM   #15
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Default Re: what does asset rich cash poor mean

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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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Old 03-19-2011, 06:31 PM   #16
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Default Re: what does asset rich cash poor mean

Quote:
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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Old 03-21-2011, 01:31 AM   #17
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Default Re: what does asset rich cash poor mean

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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Old 03-22-2011, 01:38 AM   #18
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Default Re: what does asset rich cash poor mean

Unemployed homeless dude in a Ferrari

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Old 03-22-2011, 05:16 AM   #19
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Default Re: what does asset rich cash poor mean

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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