1. Protect your stuff.
Don't have everything in *your* name.
Have a buddy that is a lawyer in Vegas
He has the greatest stories.
BUT, when a new client comes in wanting to sue somebody, he first has to check out the 'merits of your case'.
2. What he really means is he's checking to see if the people they want to sue have anything he can get.
If they do, then the case 'has merit', even if the premise is BS.
Protect your stuff.
3. I have another buddy.
He lost a $50 million dollar lawsuit over a commercial deal in 2008.
(He was the ONLY one the behaved honorably....it was the bank that failed to honor their commitments.)
BUT, in commercial, you often have to personally guarantee stuff.
But....
4. He had done asset protection in advance, so they never were able to touch ANY of his stuff.
And he lives like a king.
Actually, better than most kings.
Bottom line: Like Rockefeller said:
'Control everything, own nothing.'
5. Once you begin to amass wealth, there ARE people who will try to come and take it.
Protect yourself.
And like Socrates said: Dig the well BEFORE you thirst.
BTW, I am NOT an attorney, but you can protect yourself using simple asset protection strategies that u can research.
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