07 Jul Bob Parsons and Forever Cash
You have probably heard me talk quite a bit about my financial theory “Forever Cash”. For me, nothing validates my ideas more than independent confirmation. In other words, I like seeing others (who have never met me) using the methods I talk about and having great success doing so.
Bob Parsons is a great example.
When in 2012, Bob Parsons, founder of GoDaddy.com, the Phoenix, Arizona-based webhosting company, sold a part of his company for $2.25 billion, the news got around. Phoenix radio show hosts started speculating with their listeners what Parsons might do with his money.
And while only about $1 billion of the $2.25 billion was money Bob Parsons actually received and then had to pay taxes on, it is still more money than most people will ever see in their lifetime.
What I found interesting is that about six months after that transaction was complete, newspaper articles showed up reporting that Bob Parsons bought one apartment building and commercial property after another. So instead of spending his money, he invested a larger part of it into Forever Cash–producing assets so that no matter what happens to the rest of the money he will have cash flow coming in forever and can maintain whatever lifestyle he chooses. Not that it will, but now, even GoDaddy.com could go bankrupt, and Parsons will have cash flow coming in forever. Even if he loses the rest of his cash that is not invested, he will still have large cash flow streams coming to him from his Forever Cash Assets.
By funneling a portion of his assets and income into Forever Cash Assets, Parsons made certain he is set for life at a high level. That is the power of Forever Cash Assets. They provide cash flow for you, no matter what you do in life.
That’s what I’m talking about.