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Rich Dad experts needed
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05-16-2004, 07:13 AM
TheMob
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Join Date: Jan 2003
Location: 2006
Posts: 8,584
Quote:
Originally posted by CuriousToyBoy
No need to be a Kiyosaki junkie for that one.
But by one line of information that you gave one would have to be psychic.
Liability for what? What sort of collateral is required? What are you buying? Will it produce income? Is it for investment? etc etc
With what you gave as it stands I would say you need $50k.
Unless you are buying 4 keys of Coke, then you need muscle, lookouts, a distribution channel, OH, and a VERY good lawyer.
So $2 million in assets to cover that $50k before "Crazy Alonzo" (and they don't call him crazy for nothing has your guts for garters AND to keep your ass out of jail should cover it.
Let's see Robert K explain that any better.
TheMob
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