C.O.A aka Cash or Assets Podcast
Reading time: 1 – 2 minutes
Depending on what level you are in your knowledge of money you may value either Cash or Assets. If you have either one then you are ahead of 85% of the people in the world but which one is better? Which one would you rather have the most of? This is the question that has to be answered as you move forward if we are going to build for ourselves. This is the question that must be asked and answered from those to whom you choose to build with! This podcast is my attempt to clarify which one I VALUE! Listen and decide for yourself. Download HERE
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I’m following what you are saying as I downloaded it this morning on the way into the temporary. I think you summed it up best when you said you can’t build with people who only want cash. They don’t see the reason to hold onto things instead WE have been taught to value having money instead of holding onto the thing that makes money.
I’ll have to replay this one again because I never thought that’s how I was making moves but when I sit back that is my angle. Damn Freeman you got me all f’d up right now on a Monday!
Well if you ever wonder why things don’t get built in our community understanding the type of cats we have will show you the way. Since no one builds there isn’t a business to pass down and there is limited money to pass down to the next generation.
Since most cats want cash then all potential partnerships are destroyed because no one wants to stick it out. You have deals being made and that’s normal with business but not normal when you are building something.
In the end the best you can do is try to be the cat who holds onto businesses aka assets.
This is essential podcast that affects 99.9% of the people out here. I’m going to spread the word about this podcast.
All of us need to step up and admit we can do a lot better with the asset game. Cash is nothing but a piece of paper – it is assets that drive the customer demand to use cash, not the other way around.
Looking at these “Cash Money Millionaires” and how they rap about depreciating assets like cars, clothes and fast women makes me believe there is an effort to condition us to not focus on obtaining true assets.
All of us is an asset and the first thing we need to change is our mentality towards what being wealthy really means. This was a great podcast.
I’m working with two groups of people who are in the housing business (apart from their refinery and prison jobs).
One group builds homes for a quick flip and instant cash.
The other group buys homes and rents them out over a long period of time.
Each group wants to expand into what the other is doing (A smart move.) while keeping their own aspect going.
Soon, I’ll have two more groups of Blacks who own homes and rent them out for a long term profit,
and the same two groups build and sell homes to retain liquidity.
@Ed – WOW thanks!I just think this is one of those miseducation things that has been overlooked. We hate to admit that we don’t know how to build but we like to flash wads of cash.
My thing is assets produce cash and assets are what is passed on in a legacy. Cash is great to have but the assets that produce them are what people buy from you. No one buys cash! Somehow we value having cash over having the asset that produces cash.
On the Cash Money Millionaires they are doing what they see and that is street hustle cash in hand. Instead of collecting items that are worth things they spend them and consider that to be the essence of wealth. Wealthy people usually have art, rights and patents that are always producing for them. They might have a trademark or a product that has an exclusive license agreement. We just have to step up above the street level cash thinking. We keep trying to cop and blow instead of accumulate and rent or lease it out.
Isn’t it funny all the club promoters don’t have a club of their own but they generate all the cash! I mean they are making someone else’s place desirable and noticed but in the end they are just leasing and not owning.
@UBJ – I agree a balance between both cash and assets is the best mix. But, in a down market people hold on to cash to capitalize on assets that are well below value. Its definitely a game to be played. I know people right now buying houses at 5K and trying to buy blocks and blocks of them to rent out in the future. At the same time the cat is aware of what the prices were pre-boom and has a plan to liquidate them all at that time. In the housing game there is definitely a time to hold and a time to fold them.
In general most assets appreciate in value and while cash on hand allows for movement it doesn’t necessarily have a high rate of return. So you can get a CD or Savings account but most of the time invested money makes money. Whether that be invested in stocks for a higher rate of return than current interest rates (like right now) or whether it’s acquiring more businesses to expand your empire. To me if you own land and use it for your own purposes you are damn near recession proof. If you buy the land to lease it out to people you have to deal with tenants. I always like the McDonalds angle of acquiring land and putting their own retail place on top of it. Then in a down market they just acquire more and more land for future sites or to get rid of bad sites in their portfolio.
Yeah, because those hard assets hold some value to be borrowed (if necessary) against at favorable rates.
Money begets Assets that begets Money! It’s like you are printing up your own money because you can get money out of it through equity and through rent. I don’t think there is a better rate of return on your money than acquiring and holding hard assets.
Anybody can become an asset. Knowledge is power and this can be the springboard of anybody who starting out with nothing.
Brilliant podcast. I know executives that have been in the cash-based game for years and wonder why the more they transact the harder they must work, and the failure to simultaneously make cash while building assets is the reason. Thanks for helping me to put some of my own activities into perspective, and I think the basis of any future Cooperatives I engage in will be long term asset building.
@Ed – It’s very simple to change your mind about how to go about building assets. Just hold on to them like you would in collecting football cards. The longer you have them the more that Wilt Chamberlain card becomes more valuable and rare.
@AP – Thanks again! I think the key is simultaneously make cash while building assets. Even on CNBC they will say Microsoft has so many billions in cash on top of their assets. For our community we don’t connect the dots of buying and holding. Especially this new generation they think to attend the club is better than owning the club.
It’s just something that I ask myself when I sit across from people. Immediately I get to know how long a partnership is going to last or if it’s a deal and there’s no need to build a partnership. People are motivated by one or the other, we just have to find out what we want out of any transaction and prepare for the cash guy to get out.
What is your company? How do I email you also?
My company is the R&G and my email is freeman@riseandgrind.com