How Much Liquid Cash Should You Have?

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Wholesaling Real Estate, Rental Property, Real Estate Investing, Investing, Business, Real Estate, Flipping Houses

2.5 • 884 Ratings

🗓️ 30 January 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you're an 8-figure earner, how much cash should you keep liquid?We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt--Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyyWant to partner with Ryan to supercharge your ...

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0:00.0	You said you became a millionaire in 2001.
0:02.0	Yeah.
0:03.0	How much are you worth now?
0:04.0	Like what do you like?
0:05.0	Yeah, so our net worth now, you know, we have over $600 million in holdings,
0:10.0	but net worth, we're probably right about $100 million.
0:12.8	Oh, damn.
0:15.0	Whoa.
0:17.0	We have a good net worth.
0:21.0	Damn, can I borrow some money?
0:24.6	OK, so you have 600 million in net,
0:28.8	600 million in assets owned.
0:30.8	Yep.
0:31.6	And then probably, oh, I guess like 500 or something like that.
0:35.0	Yeah, you know it depends how you evaluate assets right.
0:37.0	So I always kind of keep it arbitrary. Real estate's real subjective because you know if you if you compare it to what the value of that real estate was just
0:45.2	two years ago it was double what it's worth today you know so like worth
0:49.8	was I worth a billion dollars no no so I don't know it's all it's you know so either the
0:53.8	the numbers are are arbitrage and real estate because you know they're
0:58.0	subjective to the market conditions and cat and stuff so but you think you're
1:01.8	where for like at least a hundred million right around there
1:04.3	we're hovering around there depending how you yeah how you evaluate our assets got it
	...

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