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Discussion Starter #1
I have been pulling in decent money for the past several years, but I find that most of my cash is tied up in assets. Mostly my house, cars, furnishings, investments, etc. This is really pissing me off.

So anyway, how liquid are you? I have about 20-25K in cash readilly available. It should be much more.

This is not intended to be a piss fest. I am looking for smarter ways to keep my money in check.

What's the scoop...
 

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Pretty much all of my money is tied up in investments. I'd say my portfolio is strong....to very strong.

I don't have a lot of liquid assets.
 

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depends on your definition of liquid.

I have stock that I could sell today. But that doesnt fall under my definition of liquid.

10k I guess.
 

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Discussion Starter #6
HoustonLex said:
depends on your definition of liquid.

I have stock that I could sell today. But that doesnt fall under my definition of liquid.

10k I guess.
I consider money invested in stocks not to be liquid. I have about 50-60 G's in a money market, but that is not to be touched. My nest egg sort of speak.

I mean cash that you have on hand to use if needed.
 

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we have 80k or so in a money market that will sadly be our income starting pretty soon

you really do need to have a few months of cash stowed away - more if you think it would take longer than that to get a new job.
 

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LexArkana said:
HoustonLex said:
depends on your definition of liquid.

I have stock that I could sell today. But that doesnt fall under my definition of liquid.

10k I guess.
I consider money invested in stocks not to be liquid. I have about 50-60 G's in a money market, but that is not to be touched. My nest egg sort of speak.

I mean cash that you have on hand to use if needed.
For the most part I agree. The only stock I was thinking of including was the company stock purchase. Because at any point, I can bail out and the money will be on my next payckeck. So true, its not IMMEDIATELY available, but it could be within a week.

But in any case, I didnt include that in my estimation.
 

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Discussion Starter #9
My problem is that I am trying to get 100K together to get my company off the ground. Technically I have most of it, but that is all my cash. Yes my family has loot, but I would never dream of asking them for any. Once my company gets going, I am gonna go from major income to ZERO. I can't afford to dump my life savings into it. I need to have money to live on for about a year in addition to the 100K start up capital. Damn this is frustrating.

I beleive you need to feel the pressure and be hungry in order to really succeed in business. I guess going to zero income will definitely put the pressure on me.
 

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I keep about one year's worth of living expenses in cash. Of course, my yearly "living expenses" might include a a few new vehicles and a couple of new houses. 8)
 

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LexArkana said:
I beleive you need to feel the pressure and be hungry in order to really succeed in business. I guess going to zero income will definitely put the pressure on me.
i know the feeling :-? my husband and this guy gave birth to a new company (idea) monday and I have no idea when it might produce some cash

I think I better call my old temp agency
 

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azure_sea said:
we have 80k or so in a money market that will sadly be our income starting pretty soon

you really do need to have a few months of cash stowed away - more if you think it would take longer than that to get a new job.
Not sure if you have ever heard this rule, but I have seen it hold true for many people (except for Capellas, he seemed to have his life planned out already)

For every 10k in salary, it takes 2 weeks to find a job. The more you make, the longer it takes...
 

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DJPoop said:
Pretty much all of my money is tied up in investments. I'd say my portfolio is strong....to very strong.

I don't have a lot of liquid assets.
$25k in the checking is all of my liquid assests. the rest is in, or goes to bills (car/home/etc) and money market account.
 

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Discussion Starter #15
HoustonLex said:
azure_sea said:
we have 80k or so in a money market that will sadly be our income starting pretty soon

you really do need to have a few months of cash stowed away - more if you think it would take longer than that to get a new job.
Not sure if you have ever heard this rule, but I have seen it hold true for many people (except for Capellas, he seemed to have his life planned out already)

For every 10k in salary, it takes 2 weeks to find a job. The more you make, the longer it takes...

It took me 5 years to get to my income level. I would probably have to take a 75% pay cut to do the same job at a different company. :-?
 

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HoustonLex said:
For every 10k in salary, it takes 2 weeks to find a job. The more you make, the longer it takes...
yup i know - we knew t would take 6-8 months for him to find work at his level - but he's starting something on his own

color me nervous
 

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Discussion Starter #17
azure_sea said:
HoustonLex said:
For every 10k in salary, it takes 2 weeks to find a job. The more you make, the longer it takes...
yup i know - we knew t would take 6-8 months for him to find work at his level - but he's starting something on his own

color me nervous
He will succeed if he really wants it.
 

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LexArkana said:
azure_sea said:
HoustonLex said:
For every 10k in salary, it takes 2 weeks to find a job. The more you make, the longer it takes...
yup i know - we knew t would take 6-8 months for him to find work at his level - but he's starting something on his own

color me nervous
He will succeed if he really wants it.
Thanks, Dr. Phil. :wink:
 

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I make a decent living but I have in the past lived right up to the extent of my earning. For the past year I have gotten away form buyng a new car and replacing my motorcycles every year and all of a sudden I have some cash laying around. I have increased my income and held my spending in check and things look good. I have equity in my home and own a business that is worth several hundred thousand but as far as being liquid I have between 20-30K otherwise I reinvest in my business or look for other ways to generate income streams.
 

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Discussion Starter #20
FFIS300 said:
I make a decent living but I have in the past lived right up to the extent of my earning. For the past year I have gotten away form buyng a new car and replacing my motorcycles every year and all of a sudden I have some cash laying around. I have increased my income and held my spending in check and things look good. I have equity in my home and own a business that is worth several hundred thousand but as far as being liquid I have between 20-30K otherwise I reinvest in my business or look for other ways to generate income streams.
It is very true that the more you make, the more you spend.
 
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