Thats interesting Kevin, i wonder if the your little gig is just a cover up for a "bigger operation."

 

I don't think a majority of the super rich made it because they did well at their work. Most of them received their "big money" cause they discovered something, made something, or created something. I work for a huge company making pretty good money, but i am still working for someone. I am in the process of trying to start my own restaurant. I might not make that much in the first few years, but at least i will be paid for the fruits of my labor and soon, can expand and do other stuff.

 

I personally think most "rich" people are older, worked hard, lived well within their means, and saved $. The money they saved probably earned them 10-20% in the stock market.

Then there are the P-Diddy's and the A-rod's who obviously made $ damn fast due to their talent (if you want to call it that).

a fair number of people made quick $ with the IPO's of Ebay, e-toys, etc....... those days are gone for sure.


I am not rich, but I can spend a fair amount of $ on stupid shit and still feed my kids....... We started a mortgage broker company about 9 years ago.....my wife runs it...she generally has 3-4 part time employees...... if she had tried (our kids are more important), she could have opened an office or two around town and hired 10-20 employees and make $300k per year or more...... instead she choses to work in sweat pants and have the 3-4 part timers make us some $. Low stress and still good $.

I am the controller (dorky title) of a manufacture.... very low reward...but it pays for stupid shit until i figure out what is next.

I am 34 years old........i wish I had started my "rental quest" when i was 22 instead of 31!

 

[QUOTE]Originally posted by dkhl
I don't think a majority of the super rich made it because they did well at their work.

 

live well below your means.

 

Ding ding. Thus I live in the ghetto.

 

But with this approach you run the risk of never reaping your rewards ..... my boss in my previous job spent 15 years saving his money, living in poor accommodation, not doing the things that he wanted to do, so that he could retire early. He dropped dead of a heart attack within 6 months of his retirement .....

15 years of scrimping and saving, and he got 6 months enjoyment out of it ......

Moderation is what is required, live well today, but not so well that you can't live well tomorrow .....

 

[QUOTE]Originally posted by tokyo_james

 

Read "The millionaire next door". I read that when I started grad school, and it helped. Learn about assets and liablities. Learn about meeting new people, and creating a ring of network.

Master "FRUGAL, HONESTY, and a great CPA" You will understand what I am talking about after reading the book.

BC

 

that sounds like Amway!

[QUOTE]Originally posted by Back-cracker
creating a ring of network.