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If your other millions are not liquid then the one million of debt is still a potentially significant liability when adverse events happen. If it is liquid then
by phkahler 2y ago
If your other millions are not liquid then the one million of debt is still a potentially significant liability when adverse events happen. If it is liquid then why bother borrowing for something so small? The spent cash can be replenished quickly when there are no debt payments.
- mym1990 2y agoVery true, I think the article is pretty high level, and so are my comments. Actual financial health can be difficult to evaluate given that world events are pretty open ended and anything can happen.