I wanna be rich (1 Viewer)

[MC Gas Money]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

 

[El Floppo]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family with lots of money.

 

[Henry Ford]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I guess Gates and his wife seem happy.

 

[Yankee23Fan]

Yeah more is always nice. But I really am simple in my daily living. I have a great family perfect wife pool beer fridge and passes to Disney. If I could play a little more golf and not deal with 70% of Crap I deal with at work I'm happy.

 

[MC Gas Money]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I guess Gates and his wife seem happy.

Gates wife doesnt really love him, as most ruch wives dont.

I think its harder to find true love than get rich.

If I were rich I wouldnt believe any woman I dated cared about anything but my money. Id have to stay out of the and pretend I was a regular guy with women.

 

[fantasycurse42]

15m to retire? Holy crap your finances and spending habits must be outrageous. And I say that as some one who retired early.

You said you had $2million in debt so that would leave you with $13m.

If you get 3% a year after taxes from that $13 million that is almost $400k a year with never touching the principle.

With no debt and no mortgage would you really need to spend $400k a year to be comfortable?

Fair point here. Is 3% a year after taxes a reasonable expectation?

Give me $200k a year. So let's say 9MM.

Let's talk about how to get $9MM. If I ask here where I can get gluten free elbow macaroni, someone will tell me. If I need to know how I can get a brass quarter inch hex bolt, the FFA will guide the way. How do I get $9MM?

I'll hang up and keep slaving at a sucker's job.

$7.5MM by 50 should be the goal... $250k a year til 80 and then lights out

In this area, for someone who earns a healthy living, as I said, $7.5MM is the number.

 

[NCCommish]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I guess Gates and his wife seem happy.

Gates wife doesnt really love him, as most ruch wives dont.

I think its harder to find true love than get rich.

If I were rich I wouldnt believe any woman I dated cared about anything but my money. Id have to stay out of the and pretend I was a regular guy with women.

You have no idea that's true. I imagine most wives love who they are with. Many helped the guy get rich. It's not usually the woman who leaves for some busty dental assistant or the new piece in the mailroom afterall.

 

[urbanhack]

poor Otis. The guy is already making a salary that is in the top 0.5% of this board and now he's asking the other 99.5% how he gets richer.

:confetti:

 

[Phil Elliott]

Harry Bailey thought George was the richest man in town but he didn't have much money.

George.

thx

 

[fatguyinalittlecoat]

Wife and I have talked at length about investing in a McDonald's franchise. A friend of ours owns a couple and his dad owns something like 10. But I am concerned about the direction of fast food in this country - may end up a bad long term investment.

Yeah, I would be wary. Fast food is the next tobacco. Lawyers, doctors and the government are not your friends here. Probably not the most socially-conscious investment either.

 

[mr roboto]

To all those who genuinely want to give good advice, save it for someone else. This guy is yuppie striver x1,000. He cares more about appearing rich than being rich. Because of this he will never get rich. Ironic, isn't it?

 

[MC Gas Money]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I guess Gates and his wife seem happy.

Gates wife doesnt really love him, as most ruch wives dont.I think its harder to find true love than get rich.

If I were rich I wouldnt believe any woman I dated cared about anything but my money. Id have to stay out of the and pretend I was a regular guy with women.

You have no idea that's true. I imagine most wives love who they are with. Many helped the guy get rich. It's not usually the woman who leaves for some busty dental assistant or the new piece in the mailroom afterall.

If he woke up brok we tomorrow how long do you think it would be before Mrs Gates files for divorce?

 

[humpback]

Not filthy rich, or like oil tycoon rich. Just enough to never have to go to a job again out of obligation. I figure about 15M would cover it. How do I make this happen?

TIA

Own and operate 8 average McDonald's franchises for 3 years.

Not this nonsense again...

Being a restaurant franchisee isn't nonsense.

*Though having enough cash on hand to be qualified may be a stretch.

Your understanding of business is nonsense.

 

[BigSteelThrill]

Not filthy rich, or like oil tycoon rich. Just enough to never have to go to a job again out of obligation. I figure about 15M would cover it. How do I make this happen?

TIA

Own and operate 8 average McDonald's franchises for 3 years.

Not this nonsense again...

Being a restaurant franchisee isn't nonsense.

*Though having enough cash on hand to be qualified may be a stretch.

Your understanding of business is nonsense.

I dont understand your continued attacks on the subject.

Its not like McDonalds hides its books and its average profit (not gross) for its franchisees.

 

[Otis]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Dreaming of luxury cars again?

No interest. If I do win the WSOP, I will however buy a restored 1973 Ford Bronco. Love those bad boys.

 

[Otis]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

That's how you move forward, friend. Always onwards and upwards.

Until I hit the big one.

 

[Otis]

I hear ya. I got out of court yesterday and was proud of myself for making a grown man cry as I obliterated him on cross. And after being all super cool awesome lawyer guy and patting myself on the back I felt like crap. This is what I do for a living?

I want 2 million. Pay off all debt and put money away for kids college with the first million. Buy anywhere from 5 to 7 properties with the other million and live off the rent paid by tenants. Supplement with a very small law practice focusing on one thing and work no more than 20 hours a week.

I'd sign for that now. No debt, kids taken care of and about 10 grand coming in a month. Sold. I'd buy that for a dollar.

5 to 7 properties for a million bucks?!

Christ I live in the wrong place.

 

[DocHolliday]

Marry a wealthy woman. You may have to lower your standards.

 

[MC Gas Money]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

That's how you move forward, friend. Always onwards and upwards.

Until I hit the big one.

Big one = heart attack?

 

[Henry Ford]

I hear ya. I got out of court yesterday and was proud of myself for making a grown man cry as I obliterated him on cross. And after being all super cool awesome lawyer guy and patting myself on the back I felt like crap. This is what I do for a living?

I want 2 million. Pay off all debt and put money away for kids college with the first million. Buy anywhere from 5 to 7 properties with the other million and live off the rent paid by tenants. Supplement with a very small law practice focusing on one thing and work no more than 20 hours a week.

I'd sign for that now. No debt, kids taken care of and about 10 grand coming in a month. Sold. I'd buy that for a dollar.

5 to 7 properties for a million bucks?!

Christ I live in the wrong place.

That's the other thing - why not retire somewhere stuff is cheaper? If you could live comfortably for 1/3 of the amount per year you're budgeting, you'd be rich in 1/3 the time, right?

 

[Otis]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

I'm not really a "stuff" guy to be honest. The only car we own is an 8 year old Land Rover with squeaky breaks. I like it and can smoke cigars in it.



My weekend clothes are a t shirt and jeans that are ripped to shreds.

I am wearing the same suit I wore yesterday, mostly because I don't have any other clean suits (and really only have 2-3 other suits that fit me right now anyway, though I admit I just bought a couple new suits online at $400 a pop so I don't have to keep wearing the same clothes).

I have a Macbook that I bought this year, it's pretty nice. Sold off most of my guitars, kept one electric (bought used, $1500) and one acoustic (bought used, $800), along with an amp I got off craigslist for $75 that had been sitting in a guy's garage since the 80s.

I wear an $80 watch I got off Woot.

I drank a can of coors light on the train last night.

Not sure you guys quite get Otis. I do like to gamble a bit, and I do enjoy a decent amount of booze in the household (sometimes we bust through a few bottles of wine at $30 a pop, but I try to keep our daily drinker to $12), but I don't really consider myself a stuff guy. I guess the only "stuff" we can be held accountable for these days is the expensive house we just bought, but that's not really a material possession so much as a place to live forever (and hopefully a good investment).

 

[humpback]

Not filthy rich, or like oil tycoon rich. Just enough to never have to go to a job again out of obligation. I figure about 15M would cover it. How do I make this happen?

TIA

Own and operate 8 average McDonald's franchises for 3 years.

Not this nonsense again...

Being a restaurant franchisee isn't nonsense.

*Though having enough cash on hand to be qualified may be a stretch.

Your understanding of business is nonsense.

I dont understand your continued attacks on the subject.

Its not like McDonalds hides its books and its average profit (not gross) for its franchisees.

Well, you got that right- the link you provided in the other thread couldn't be more clear how wrong you are.

Even if you are as bad as it seems when it comes to business, just think about it- do your numbers seem reasonable to you?

 

[Otis]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I'll see your loving family and raise you not having to work ever again so you can spend more time with the loving family.

See what I did there??

 

[Otis]

To all those who genuinely want to give good advice, save it for someone else. This guy is yuppie striver x1,000. He cares more about appearing rich than being rich. Because of this he will never get rich. Ironic, isn't it?

By "appearing rich" do you mean" not having to go to work? If so, then definitely this.

 

[Otis]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

That's how you move forward, friend. Always onwards and upwards.

Until I hit the big one.

Big one = heart attack?

Only a matter of time. I'm fully expecting this to happen in 5-7 years.

 

[MC Gas Money]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I'll see your loving family and raise you not having to work ever again so you can spend more time with the loving family.

See what I did there??

If you had to choose one or the other which would it be?

 

[Henry Ford]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I'll see your loving family and raise you not having to work ever again so you can spend more time with the loving family.

See what I did there??

Then I guess the big question is - where is your money going? Why do you need $400K per year if you don't buy anything?

 

[Otis]

I hear ya. I got out of court yesterday and was proud of myself for making a grown man cry as I obliterated him on cross. And after being all super cool awesome lawyer guy and patting myself on the back I felt like crap. This is what I do for a living?

I want 2 million. Pay off all debt and put money away for kids college with the first million. Buy anywhere from 5 to 7 properties with the other million and live off the rent paid by tenants. Supplement with a very small law practice focusing on one thing and work no more than 20 hours a week.

I'd sign for that now. No debt, kids taken care of and about 10 grand coming in a month. Sold. I'd buy that for a dollar.

5 to 7 properties for a million bucks?!

Christ I live in the wrong place.

That's the other thing - why not retire somewhere stuff is cheaper? If you could live comfortably for 1/3 of the amount per year you're budgeting, you'd be rich in 1/3 the time, right?

All my family lives where I live. I could move away from them and have more money, but what about the importance of family being the real wealth.

Love ya, dad, but I've got this sweet pad in Palm Beach. You can see the grandkids at Christmas!

 

[Otis]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I'll see your loving family and raise you not having to work ever again so you can spend more time with the loving family.

See what I did there??

If you had to choose one or the other which would it be?

This isn't a choosing thread. Mods, please move this post to the shark pool.

 

[Henry Ford]

I hear ya. I got out of court yesterday and was proud of myself for making a grown man cry as I obliterated him on cross. And after being all super cool awesome lawyer guy and patting myself on the back I felt like crap. This is what I do for a living?

I want 2 million. Pay off all debt and put money away for kids college with the first million. Buy anywhere from 5 to 7 properties with the other million and live off the rent paid by tenants. Supplement with a very small law practice focusing on one thing and work no more than 20 hours a week.

I'd sign for that now. No debt, kids taken care of and about 10 grand coming in a month. Sold. I'd buy that for a dollar.

5 to 7 properties for a million bucks?!

Christ I live in the wrong place.

That's the other thing - why not retire somewhere stuff is cheaper? If you could live comfortably for 1/3 of the amount per year you're budgeting, you'd be rich in 1/3 the time, right?

All my family lives where I live. I could move away from them and have more money, but what about the importance of family being the real wealth.

Love ya, dad, but I've got this sweet pad in Palm Beach. You can see the grandkids at Christmas!

Yeah, that makes a difference. I forget some people still have lots of living relatives nearby.

 

[Otis]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I'll see your loving family and raise you not having to work ever again so you can spend more time with the loving family.

See what I did there??

Then I guess the big question is - where is your money going? Why do you need $400K per year if you don't buy anything?

I live in an expensive place?

I already said I'd settle for $200k, if that's the sticking point here. Let's just get this done.

 

[Sarnoff]

15M??? I could get away with 5M

Not so sure about this. $5M is my number, but that's in 2045. If I had $5m today I couldn't retire. I could slow down, sure, but I'd have to tread water until I'm 68. Then tap into the $5M.

If inflation is like 3%, it's just not as much money in the future as you think it is.

Edit: Unless you plan on dying early, I guess. I mean, I could retire today as long as I'm dead by Labor Day.

 

[Henry Ford]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I'll see your loving family and raise you not having to work ever again so you can spend more time with the loving family.

See what I did there??

Then I guess the big question is - where is your money going? Why do you need $400K per year if you don't buy anything?

I live in an expensive place?

I already said I'd settle for $200k, if that's the sticking point here. Let's just get this done.

Go into plaintiff's law. You bring in the huge money NY plaintiffs, get me in pro hac vice, I'll crush the opposition, and we'll take our wives to the islands like in Trading Places.

 

[BigSteelThrill]

Well, you got that right- the link you provided in the other thread couldn't be more clear how wrong you are.

Even if you are as bad as it seems when it comes to business, just think about it- do your numbers seem reasonable to you?

Christ you are trolling this thread pretty hard.

But since you insist, post up so links, facts, reports on the McDdonalds franchisees. Plenty of people will read them.

 

[Politician Spock]

1) Have $1,000,000
2) Start a bank
3) Deposit the $1,000,000 in the bank
4) Loan out $10,000,000 at 5% using the $1,000,000 as the reserve
5) Earn $500,000 in interest the first year
6) Loan out $5,000,000 at 5% using the $500,000 you earned as the reserve
7) Earn $750,000 in interest the second year
8) Loan out $7,500,000 at 5% using the $750,000 you earned as the reserve
9) Earn $1,125,000 in interest the third year
10) Loan out $11,250,000 at 5% using the $1,125,000 you earned as the reserve
11) Earn $1,687,500 in interest the fourth year
12) Loan out $16,875,000 at 5% using the $1,675,600 you earned as the reserve
13) Earn $2,531,250 in interest the fifth year
14) Loan out $25,312,500 at 5% using the $2,531,250 you earned as the reserve
15) Earn $3,796,875 in interest the sixth year
16) Loan out $37,968,750 at 5% using the $3,796,875 you earned as the reserve
17) Earn $5,169,531 in interest the seventh year
18) Sell all the loans you made to Fannie Mae, and close your bank

In seven years you took $1,000,000 and turned it into $17,085,928 making 5% loans.

 

[fatguyinalittlecoat]

Then I guess the big question is - where is your money going? Why do you need $400K per year if you don't buy anything?

He buys stuff that he doesn't count as luxuries. "Oh sure I just bought a house for millions of dollars, but we live in an expensive area and we're planning to have a bunch more kids so it's really more of a necessity than a luxury."

 

[BobbyLayne]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I'll see your loving family and raise you not having to work ever again so you can spend more time with the loving family.

See what I did there??

Then I guess the big question is - where is your money going? Why do you need $400K per year if you don't buy anything?

I live in an expensive place?

I already said I'd settle for $200k, if that's the sticking point here. Let's just get this done.

Go into plaintiff's law. You bring in the huge money NY plaintiffs, get me in pro hac vice, I'll crush the opposition, and we'll take our wives to the islands like in Trading Places.

Feeling good, Louis?

 

[mquinnjr]

Harry Bailey was the richest man in town but he didn't have much money.

 

[humpback]

Well, you got that right- the link you provided in the other thread couldn't be more clear how wrong you are.

Even if you are as bad as it seems when it comes to business, just think about it- do your numbers seem reasonable to you?

Christ you are trolling this thread pretty hard.

But since you insist, post up so links, facts, reports on the McDdonalds franchisees. Plenty of people will read them.

Here's your post from the other thread with your link in it.

 

[saintfool]

first off, O, lose the muffin top. $15 million isn't enough for you, fattie.

 

[Phil Elliott]

Harry Bailey was the richest man in town but he didn't have much money.

George

 

[El Floppo]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I'll see your loving family and raise you not having to work ever again so you can spend more time with the loving family.

See what I did there??

If you had to choose one or the other which would it be?

I'd guess he'd start a different thread than this one.

 

[BigSteelThrill]

Well, you got that right- the link you provided in the other thread couldn't be more clear how wrong you are.

Even if you are as bad as it seems when it comes to business, just think about it- do your numbers seem reasonable to you?

Christ you are trolling this thread pretty hard.

But since you insist, post up so links, facts, reports on the McDdonalds franchisees. Plenty of people will read them.

Here's your post from the other thread with your link in it.

No, I wanted YOU to add some new information. Some substance. Plenty of people will read good info on the topic.

 

[Thorn]

Somewhere on the internet there's a very similar thread by a kid applying for law school who just wants a firm job that pays him enough to have a nice house and support his family.

 

[Guest]

Mow your own lawn for 4 years?

Put a penny in a jar. Double the number of pennies in the jar every day. After 31 days you will have $10,737,418.24.

 

[NCCommish]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I guess Gates and his wife seem happy.

Gates wife doesnt really love him, as most ruch wives dont.I think its harder to find true love than get rich.

If I were rich I wouldnt believe any woman I dated cared about anything but my money. Id have to stay out of the and pretend I was a regular guy with women.

You have no idea that's true. I imagine most wives love who they are with. Many helped the guy get rich. It's not usually the woman who leaves for some busty dental assistant or the new piece in the mailroom afterall.

If he woke up brok we tomorrow how long do you think it would be before Mrs Gates files for divorce?

I have no way of knowing if she would leave or not and niether do you.

 

[NutterButter]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

I'm not really a "stuff" guy to be honest. The only car we own is an 8 year old Land Rover with squeaky breaks. I like it and can smoke cigars in it.



My weekend clothes are a t shirt and jeans that are ripped to shreds.

I am wearing the same suit I wore yesterday, mostly because I don't have any other clean suits (and really only have 2-3 other suits that fit me right now anyway, though I admit I just bought a couple new suits online at $400 a pop so I don't have to keep wearing the same clothes).

I have a Macbook that I bought this year, it's pretty nice. Sold off most of my guitars, kept one electric (bought used, $1500) and one acoustic (bought used, $800), along with an amp I got off craigslist for $75 that had been sitting in a guy's garage since the 80s.

I wear an $80 watch I got off Woot.

I drank a can of coors light on the train last night.

Not sure you guys quite get Otis. I do like to gamble a bit, and I do enjoy a decent amount of booze in the household (sometimes we bust through a few bottles of wine at $30 a pop, but I try to keep our daily drinker to $12), but I don't really consider myself a stuff guy. I guess the only "stuff" we can be held accountable for these days is the expensive house we just bought, but that's not really a material possession so much as a place to live forever (and hopefully a good investment).

I don't know how an excessively large house could ever be considered a good investment. The taxes and upkeep alone are insane. You'd probably be way better over with a small house and all the other stuff you don't buy.

 

[Henry Ford]

Mow your own lawn for 4 years?

Put a penny in a jar. Double the number of pennies in the jar every day. After 31 days you will have $10,737,418.24.

Day 31's contribution is a little stiff.

 

[bigbottom]

Wife and I have talked at length about investing in a McDonald's franchise. A friend of ours owns a couple and his dad owns something like 10. But I am concerned about the direction of fast food in this country - may end up a bad long term investment.

Yeah, I would be wary. Fast food is the next tobacco. Lawyers, doctors and the government are not your friends here. Probably not the most socially-conscious investment either.

Good points all.

 

[MC Gas Money]

Otis, you'll never be rich and retire because no matter what you have you want more. If you got $9m, you'd just want $100m so you could do the things people with $100m do.

Learn to be happy with what you have (which appears to be a lot), and you can quit worrying about all the stupid stuff you worry about.

You're missing the point here. This isn't about stuff. It's about never having to work every again, forever, times infiniti (or at least till I'm dead).

Fair enough. That was harsher than I meant it to be (you got it before my quick edit), but you seem like you're always focused on "next" rather than where you are. That's a hard thing to stop doing.

The problem with Otis and a lot of people especially with money is that there's never an "enough point". They make more money, they find a way to spend more money. There's always some new, more expensive material possession to acquire.

The richest man is the one with a loving family.

I guess Gates and his wife seem happy.

Gates wife doesnt really love him, as most ruch wives dont.I think its harder to find true love than get rich.

If I were rich I wouldnt believe any woman I dated cared about anything but my money. Id have to stay out of the and pretend I was a regular guy with women.

You have no idea that's true. I imagine most wives love who they are with. Many helped the guy get rich. It's not usually the woman who leaves for some busty dental assistant or the new piece in the mailroom afterall.

If he woke up brok we tomorrow how long do you think it would be before Mrs Gates files for divorce?

I have no way of knowing if she would leave or not and niether do you.

I can get a pretty good look at a t-bone steak by sticking my head up a cows butt but I wpuld rather take the butchers word for it.