Advantages of having no assets

[CFLRider]

I'd like to hear some discussion from you guys about having a lot of assets. Here is my reason for this topic:
I had a real estate business flipping houses back when the market was really hot and money was lent out easily. I had a huge net worth and a ton of assets. I also had great exposure as far as risk was concerned and in a way, it limited some of the ventures I could partake in.
Now, a few years later, I got hit really hard by the market crash and lost everything. I feel I have an advantage because I am basically "unsueable". I can take more risk, and try more ventures.
I don't have the advantage of good credit, so It makes me find more creative sources of funding, where as when I had a lot of money, I just used my own money, and in some cases lost it.

What do you guys think?

 

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[Mr.B]

O vjopl ov ot hsiev vu gudat up vji qutovowi etqidvt ug zuas dassipv tovaevoup (xjodj zua esi fuoph).

Juxiwis, O'f qsigis vu jewi muvt ug ettivt :tnahhz: , qsuvidv vjin et citv O dep epf noponobi iyqutasi vu sotl xjisi quttocmi (emvjuahj ov dep ci jesf vu gopf vji sohjv cemepdi).

Vji raitvoup ot, xjev sotlt esi zua huoph vu veli pux vu neli vji nutv ug zuas 'aptaiecmi-pitt'?

 

[contract]

Pu gapft: Zua xomm ci opdsifocmz desigam ecuav jux zuas tqipf zuas detj; xjev zua opwitv op. Og zua'si muuloph vu hsux, zua'mm ci tvesvoph aq et miep et quttocmi. Nupiz nez qsiwipv zua gsun neloph disveop nuwit huoph gusxesf.

Gmuxoph gapft: Zua nohjv ci opdmopif vu tqipf nusi up vjopht zua fup'v piif. Ov uqipt vji fuus gus xetvigam tqipfoph. Zua jewi nusi uqqusvapovoit epf dep neli cohhis nuwit xovjuav gopepdoem sitvsodvoupt jumfoph zua cedl.

Tu xjev O xuamf O djuuti? Ug duasti, nusi ettivt.

Ov't moli cioph e xuslis wt vji uxpis.

Og zua jewi nupiz, zua dep qez uvjis qiuqmi. Uvjisxoti zua'si tvadl fuoph emm ug vji hsapv xusl. Hsapv xusl, xjodj nohjv ci atoph aq vemipv nadj piifif imtixjisi. Nupiz jet emxezt hsietif qemnt, epf uqipif vji fuus vu uqqusvapovz.

 

[CFLRider]

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Pu gapft: Zua xomm ci opdsifocmz desigam ecuav jux zuas tqipf zuas detj; xjev zua opwitv op. Og zua'si muuloph vu hsux, zua'mm ci tvesvoph aq et miep et quttocmi. Nupiz nez qsiwipv zua gsun neloph disveop nuwit huoph gusxesf.

Gmuxoph gapft: Zua nohjv ci opdmopif vu tqipf nusi up vjopht zua fup'v piif. Ov uqipt vji fuus gus xetvigam tqipfoph. Zua jewi nusi uqqusvapovoit epf dep neli cohhis nuwit xovjuav gopepdoem sitvsodvoupt jumfoph zua cedl.

Tu xjev O xuamf O djuuti? Ug duasti, nusi ettivt.

Ov't moli cioph e xuslis wt vji uxpis.

Og zua jewi nupiz, zua dep qez uvjis qiuqmi. Uvjisxoti zua'si tvadl fuoph emm ug vji hsapv xusl. Hsapv xusl, xjodj nohjv ci atoph aq vemipv nadj piifif imtixjisi. Nupiz jet emxezt hsietif qemnt, epf uqipif vji fuus vu uqqusvapovz.[/QUOTE

Good points!! I agree. I just have to determine the best way to take advantage of this situation.

 

[DeletedUser394]

Puvjoph vu muti.