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Off Topic Off Topic - General non-Corvette related discussion. |
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04-18-2018, 7:53pm | #21 | |||||||||||
Barn Stall Owner #93
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Then you job hop. You spend a couple years at one company, recruiters find you, you change employers with each representing a jump in pay. During this time you make good money and live within your means. It might be ten years. Max out the usual stuff. During this time learn all you can about investing - not necessarily in the market. Learn how companies create and capture value. Then start your own company. Start it with an exit in mind. Typically seek to another company. Then do that four or five more times. Start, establish company that Google or Amazon would buy. Give each one five years. If you plan from the beginning to sell at a high valuation, it can be done. This could lead to a net worth in the hundreds of millions. Or not. Quote:
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You MUST do your time within several companies. You need steady money. Even if the amount isn’t great, just being steady makes a difference. Choose the right industry and you will get high numbers and steady pay. Move to a growth city. But you must get to the point where you are able to take some risk. Young people aren’t thinking about retiring. They can’t grasp this stuff. Quote:
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04-18-2018, 8:03pm | #22 | ||||||
Barn Stall Owner #93
Join Date: May 2011
Location: Uranus, Tx
Posts: 9,275
Thanks: 1,343
Thanked 9,005 Times in 2,777 Posts
Gameroom Barn Bucks: $24717333
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I’m such a dumbasss. I shot out of high school after one semester of community college and hit the juke joints and dancehalls. It seems so romantic. I can’t say I wasted seven years but hitting college at 26 sets you behind the curve from the start.
Granted, my git pickin’ allowed me to survive and get through college and I had some amazing experiences playing with originators, but I wonder if that was a particuarly good idea. I was very bad at math. Still am. I had to find a major that didn’t require a passing grade in calculus. I chose marketing and design. Me learning calculus has the same odds as my GSD writing a best selling novel. I stayed self employed. I grew a great company worth millions. 9-11 killed it. I could have sold it to one of the larger agencies but my wife had cancer at that time. I shuttered it and focused on her. I came up for air after losing everything in 2003. I’ve started over 3X since then. My illness knocks me down and I get back up. I have nothing but a couple vettes. And ten more years to make up for it. My kid has to do better. So he can support me. |
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04-19-2018, 9:35am | #23 | ||||||
Sparkles Flambeaux
Barn Stall Owner #4 Barn Raising I,II NCM Supporter '13,'14,'15,'16,'17,'21 Bantayan Kids '13,'14,'15,'17
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yeah, i guess learning a skill, and applying it well and faithfully is outdated.
start some company, goose the numbers, sell it off to someone else who didn't have that same idea, pocket a pile of money, repeat as needed. there is always someone out there with money who wants to take over your company. |
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