Oct 19
Who is a true RICH person?
I have always kept on telling a true RICH person is the person who has ‘liquid’ wealth. That means having cash accessible to you anytime anywhere. This recent subprime credit crisis has demonstrated this and even the biggest banks in the world are in turmoil just because of liquidity.
If you have your wealth in stocks, bonds, shares, real estates … and you are claiming to be rich just be careful next time! These variables can get diluted and its money value could go down anytime.
Thats why liquid wealth can match nothing!
The TRUE Rich Person is the one who has LIQUID wealth.
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