#3 Don’t treat your house like a bank account. Being house rich and cash poor can impose limits that prevent you from taking on better investment opportunities or that distract you from paying off other debts. Buy smarter when it comes to real estate and don’t neglect to build up your cash reserves.
I’ve read that Akon is creating his own bitcoin-like currency as well to boost the African economy. I think I read that he even wants to create his own city that only uses this currency. I’m sure it could be more than just the rich that use it, but for now, you’re right, technology is the part that many could be missing.
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House Rich, cash poor. tweet; people over 65 control a significant portion of the wealth in this country, but much of their wealth is concentrated in the equity in their homes. If Social Security benefits are excluded, just under half of all senior citizens would fall below the poverty line.
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Those who do learn from their mistakes may climb a rung or two on. and Potripper lived out their poker lives on Internet time, mining a data-rich universe of pseudonymous suckers with credit cards.
Profit Rich and CASH poor Profit Rich means that you have a high operating income or Net income according to the income statement. Cash Poor means that you don’t have much in the CASH account according to the Balance sheet or cash flow statement. Or.. you might simply not have any cash in your.
House Rich and Cash Poor. In fact, pensions are so good for this group that they just have to contribute a few dollars to an individual retirement account — or Thrift Savings Plan for servicemembers. Income projected to increase — If you have a job that can guarantee a significant pay increase and waiting isn’t an option,
Being house rich and cash poor is absurd but, for many of us, the reality is that the end of the month means not enough cash inflow and too many outstanding expenses. Let’s face it, the costs of housing, childcare, and debt service have increased well over our take-home incomes in many cases.
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