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I am often asked questions regarding whether I own something or not. These days Wholesale R.J. Hunter Jersey , I own very little.
That wasn't always the case. I remember when I bought my first ranch using cash and had absolutely no mortgage. I also remember the first brand new car I bought with cash. Those were accomplishments that I needed to remember and so I did own those things for a time.
But as the years went buy, I discovered the little secret that most wealthy people shun ownership, especially in the United States. But this is also true anywhere in the world.
The advantages of NOT owning any particular item often far outweigh the advantages of owning that particular item.
Let's take that ranch as an example. When I owned it, I was responsible for injuries that vacationers who were trespassing on my land incurred while doing crazy things like driving a four wheeler ATV in the snow along our stream. Once I no longer owned it Wholesale Tyler Zeller Jersey , I could no longer be sued as the owner of that property. I could still live there. I could still fish in the stream. I could still go snow boarding with the kids. I had every advantage that existed when I owned the ranch as I did when I no longer owned it. But many of the disadvantages disappeared.
Another disadvantage that disappeared was the ability of lawyers to see that I owned the ranch in an asset search. There are lawyers who actually specialize in finding the owners of property by doing asset searches and then they file a frivolous lawsuit. They know that most people hate wasting time with the legal system so they will be more than willing to "settle" out of court for a few hundred dollars in order to avoid the massive cost of an attorney and the massive amount of time it would take to fight the frivolous law suit. That is how they make their money.
But when they do an asset search and find that "Nevada Holdings, Inc." owns the ranch, they stop right there. They know that Nevada Holdings, Inc. is probably owned by another holding company (probably outside the country) and that it is nearly impossible to sue them even with a frivolous lawsuit because that company doesn't even do anything. I just owns a company that manages another company that owns a part interest in another offshore company that owns a trust that owns the ranch. When a sleazebag attorney sees "Nevada" along with "holdings" and "Inc." Wholesale Gerald Green Jersey , they know that they picked the wrong property for a frivolous law suit.
The same goes for a car. A doctor friend of mine was recently hit in his parked car by a bicyclist who was apparently unconcious from a stroke as he hit the car. The bicyclist is in a coma and the doctor isn't making any moves financially for the next couple of years because he knows there will eventually be a law suit.
If that happened to me... no big deal. Most of the time, I'm not even behind the wheel of a car. I let professional drivers take me where I want to go. I wouldn't worry about finances at all. That would be the worry of the driver and the owner of the car I am in. It's not my worry at all.
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