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xenigo · 05-16-2004, 07:18 AM

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.

Ok well that was entertaining. I don't want to get more specific, I just wanted to see if there might be an easy answer to that. It would basically be a non-income producing liability, that's purely for fun.

I'm trying to figure out how much I'd need to have in assests to comfortably not give a shit about spending that kind of money.