From rags to riches......anyone got first hand experiences?
From rags to riches......anyone got first hand experiences?
Author
Discussion

AndStilliRise

Original Poster:

2,295 posts

146 months

Monday 17th November 2014
quotequote all
Has anyone on the forum been not so rich and now consider themselves minted? And if so how did you get there if you dont mind sharing.

I am not rich or anything but things are comfortable. That means I have a family, a home and some savings. I would love to be in the position whereby I could walk into a dealership and buy what I wanted sadly this may never happen!

MrBarry123

6,108 posts

151 months

Monday 17th November 2014
quotequote all
Nope. I was born into a middle class family and probably would considered still to be middle class.

DanielJames

7,543 posts

198 months

Monday 17th November 2014
quotequote all
What you've gotta do is get into the main events. That's where the big money is. Start low and work your way up. If you can spare a few hours for the endurance races these will gain you big money.

Also be careful what cars you buy. You can win most races with a tuned Supra. Tighter tracks like Maple Valley I'd suggest getting a Honda or similar FWD platform, they really shine there. My favourite car there though is the Escort Cosworth, Respol graphics obviously.

6,000,000 CR for the 250GTO might seem unreachable but don't worry, you'll get there eventually.

We're talking about Forza Motorsports aren't we?

biggrin

AndStilliRise

Original Poster:

2,295 posts

146 months

Monday 17th November 2014
quotequote all
DanielJames said:
What you've gotta do is get into the main events. That's where the big money is. Start low and work your way up. If you can spare a few hours for the endurance races these will gain you big money.

Also be careful what cars you buy. You can win most races with a tuned Supra. Tighter tracks like Maple Valley I'd suggest getting a Honda or similar FWD platform, they really shine there. My favourite car there though is the Escort Cosworth, Respol graphics obviously.

6,000,000 CR for the 250GTO might seem unreachable but don't worry, you'll get there eventually.

We're talking about Forza Motorsports aren't we?

biggrin
smile

DanielJames

7,543 posts

198 months

Monday 17th November 2014
quotequote all
I think it's hard to earn big money working for someone else, for someones company (regardless of the scale).

Most people I know who have earned decent money, the ones who drive around in GTRs for daily drivers, have their own businesses.

You'd be surprised too. One of the largest homes I've visited is owned by a man who sells Fruit and Veg on the market.

monthefish

20,467 posts

261 months

Monday 17th November 2014
quotequote all
I wouldn't class myself as minted (by a long chalk) but I'm (hopefully) on the right path , and nor did I come from rags (so not sure why I'm on your thread : ) ) but I would suggest you work out what you're good at and don't be afraid to go and do it for yourself. Chances are, you enjoy doing stuff you're good at, so that helps too

As been said above, you're unlikely to make big bucks working for A.N.Other.

Chiddo

64 posts

143 months

Monday 17th November 2014
quotequote all
DanielJames said:
I think it's hard to earn big money working for someone else, for someones company (regardless of the scale).

Most people I know who have earned decent money, the ones who drive around in GTRs for daily drivers, have their own businesses.

You'd be surprised too. One of the largest homes I've visited is owned by a man who sells Fruit and Veg on the market.
I think you find that fruit and veg business is a front for his multi-million pound importation of class a drugs! wink

I haven't made it yet but I am only 20, my inner famaily would be classed as lower class as we live in a rental terranced housing, live in a poor area, no savings and struggle to make ends meet every month!

But I haven' done to bad for myself tbh, I'm 20 and out of everyone I know of from school, I was the first one to pass, to have a job, (and I'm not bragging btw, to own the most metal out over everyone, circa 12.5k)

That's me who left school with D for English, F, an F for MATHS! Compared to a lot of others who have left with straight A's and A*'s.

I would like to become stinking rich of course and I hope I do get to achieve that before 30.

I have come up with a Idea of a charity that will rock the world of organisaions who are charities by storm, litterally. This will take a lot of hard work, blood, sweat and tears and a lot of convincing to the members of the public but I believe it will work.

If I was rich I would still purse my idea. I am also selling my car in the next 2 months to purse this venture. Wish me luck.



Edited by Chiddo on Monday 17th November 11:44

BL Fanboy

339 posts

172 months

Monday 17th November 2014
quotequote all
Chiddo said:
I think you find that fruit and veg business is a front for his multi-million pound importation of class a drugs! wink

I haven't made it yet but I am only 20, my inner famaily would be classed as lower class as we live in a rental terranced housing, live in a poor area, no savings and struggle to make ends meet every month!

But I haven' done to bad for myself tbh, I'm 20 and out of everyone I know of from school, I was the first one to pass, to have a job, (and I'm not bragging btw, to own the most metal out over everyone, circa 12.5k)

That's me who left school with D for English, F, an F for MATHS! Compared to a lot of others who have left with straight A's and A*'s.

I would like to become stinking rich of course and I hope I do get to achieve that before 30.

I have come up with a Idea of a charity that will rock the world of organisaions who are charities by storm, litterally. This will take a lot of hard work, blood, sweat and tears and a lot of convincing to the members of the public but I believe it will work.

If I was rich I would still purse my idea. I am also selling my car in the next 2 months to purse this venture. Wish me luck.



Edited by Chiddo on Monday 17th November 11:44
Remember to keep the bit about becoming "stinking rich" quiet if you are trying to set up a charity.

Tuvra

7,926 posts

255 months

Monday 17th November 2014
quotequote all
This local guy springs to mind, he has a huge car collection including a LaFerrari and numerous classics:
http://www.walesonline.co.uk/business/business-new...

Defcon5

6,472 posts

221 months

Monday 17th November 2014
quotequote all
Chiddo said:
But I haven' done to bad for myself tbh, I'm 20 and out of everyone I know of from school, I was the first one to pass, to have a job, (and I'm not bragging btw, to own the most metal out over everyone, circa 12.5k)
Metal?

Chiddo

64 posts

143 months

Monday 17th November 2014
quotequote all
BL Fanboy said:
Remember to keep the bit about becoming "stinking rich" quiet if you are trying to set up a charity.
Lol, advice taken onboard! redface

Chiddo

64 posts

143 months

Monday 17th November 2014
quotequote all
Defcon5 said:
Metal?
A car is only expesive metal on wheels isn't it?! hehe

jamieduff1981

8,092 posts

170 months

Monday 17th November 2014
quotequote all
Not too extreme really, but whilst my parents made every effort for me, the most I've had out of anyone really is a free education. I didn't really make the most of that but I got my degree in the end.

I spent many years working overtime and still ended up getting bank charges for bounced direct debits most months. Truely disposable income was measured in tens, maybe just into the hundreds each month if I was lucky. I'd always check my account balance before fuelling the car or going grocery shopping. Clothes got replaced with ASDA or Tesco stuff when they were knackered. We had slowly increasing credit card debts but nobody ever came knocking - it didn't get that bad.

What changed? Basically I went self-employed.

I have put in a lot of effort but for me I think the key point was that I tried to work for the same person repeatedly for a period. There's no point in being a superstar employee if nobody knows about it. I found one guy who knew he could rely on me but he also fought my corner to ensure I was given opportunities to take more responsibility within the industry.

After a while building up a reputation I was in a position to resign as a staff employee and work as a consultant in the same industry. In any industry where things get invented, engineered and made, the further you are from the initial idea the less you're worth as a commodity - so if your career path shows any junctions, choose the path that leads towards the beginning of the idea rather than be the guy who polishes the brasswork at the end.

Taking health and employment rights risks on yourself is a big differentiator in income.

J4CKO

46,935 posts

230 months

Monday 17th November 2014
quotequote all
jamieduff1981 said:
Not too extreme really, but whilst my parents made every effort for me, the most I've had out of anyone really is a free education. I didn't really make the most of that but I got my degree in the end.

I spent many years working overtime and still ended up getting bank charges for bounced direct debits most months. Truely disposable income was measured in tens, maybe just into the hundreds each month if I was lucky. I'd always check my account balance before fuelling the car or going grocery shopping. Clothes got replaced with ASDA or Tesco stuff when they were knackered. We had slowly increasing credit card debts but nobody ever came knocking - it didn't get that bad.

What changed? Basically I went self-employed.

I have put in a lot of effort but for me I think the key point was that I tried to work for the same person repeatedly for a period. There's no point in being a superstar employee if nobody knows about it. I found one guy who knew he could rely on me but he also fought my corner to ensure I was given opportunities to take more responsibility within the industry.

After a while building up a reputation I was in a position to resign as a staff employee and work as a consultant in the same industry. In any industry where things get invented, engineered and made, the further you are from the initial idea the less you're worth as a commodity - so if your career path shows any junctions, choose the path that leads towards the beginning of the idea rather than be the guy who polishes the brasswork at the end.

Taking health and employment rights risks on yourself is a big differentiator in income.
I did that, went from living hand to mouth working PAYE for Local Govt on 28k to working as a contractor on £40 an hour, and I made sure I did a lot of hours. To get there I studied and took exams, went for a interview and absolutely blitzed it, still here, albeit back as a PAYE monkey, the spoilsports wouldn't keep the contracting thing going permanently. £40 an hour (seven years ago) might not be much to some on here but it felt like a metric stload to me, I remember treating myself to a surround sound amplifier and sneaking it in to my man hut, the missus spotted it and I expected a roasting but she just said, if you earn the money and all the bills are paid, buy whatever you want.

I think a lot on here are genuinely wealthy, but a lot play to it, I get paid a decent wage, I have no debts but there are still a lot of constraints, can only spend money once. it is almost like admitting you aren't massively wealthy on PH is a bit of a faux pas.


Chiddo

64 posts

143 months

Monday 17th November 2014
quotequote all
I'm only 20 and I am currently studying a HND in Health & Social care, I will plan on going on to a top up degree and do a final year to get my masters to become a fully qualified social worker. Thing is, I don't have the motivation to setup my own care home, or any sort of pratice/medical center.

I do hope out of this that I do get a good paid job, whether that be going down the manager route or the consultancy route.

What is clear though is I think people who are say 30, 40, 50, 60 it was pretty easy to become say a qualified teacher, nurse, and so on without having to go through all the barriers what people my age have to go through today.

No doubt that they are ALOT of wealthy people on here, that would be able to buy me a nice house, R8 spyder, and it wouldn't it put a small dent in their bank balance. (Hint hint, thank you very much) smile

This is a question for the rich folk, in particular those who went from rags to riches, do you check your bank statements reguarly, I know I would even if I had an accountant/PA/minder on board. #TRUSTNOBODY

Du1point8

22,925 posts

222 months

Monday 17th November 2014
quotequote all
I very much doubt you will get anyone who is remotely rich coming on here bragging about it... too many green eyed people when a thread like this comes up.

I suggest if you want to see what folk have made it, then go have a butchers in the business section as a lot of that is business owners and the like.

Ozzie Osmond

21,189 posts

276 months

Monday 17th November 2014
quotequote all
You need,
  • Some talent
  • Some hard work
  • and the one successful people often like to deny - a lot of luck.

LimaDelta

8,506 posts

248 months

Monday 17th November 2014
quotequote all
My previous Boss.

He was, for want of a better phrase, trailer trash. Born in Texas and with little prospect of success he signed up for the US Navy and scored so highly in his initial assessments they thought he'd cheated, so was sent away for a year doing the worst jobs imaginable for the Navy. After four years he continued what he'd learned about electronics in the Navy at night school and eventually the University of New Orleans. Then a PhD, then a professor at Stanford. Then he designed a 3D graphics chip, founded Silicon Graphics and made a bit of money, but was pushed out. The second time he was determined not to let the same thing happened, and started Netscape. Then he moved on again with Healtheon. I believe he is the only person to have started up three $billion companies.

I have worked with other wealthy people in the past, but this man showed what real determination means. A trait most of us do not have, which is why 99% of us are to happy to sit back once we are comfortable, meaning we will never achieve the level of wealth that the 1% have. These people are never satisfied, never comfortable, and will never retire.

Yachts, houses, aircraft, and even with all this, he isn't in the top 100 richest Americans (last time I checked).

romeogolf

2,112 posts

149 months

Monday 17th November 2014
quotequote all
Ozzie Osmond said:
You need,
  • Some talent
  • Some hard work
  • and the one successful people often like to deny - a lot of luck.
I agree with this entirely. Don't be a clock-watcher who refuses to go beyond their job description. There's a line to be found between being a jobs-worth and having people take advantage of you. Work hard and it's generally noticed. If it's not, you need to know your own skills to move on elsewhere. But those skill sometimes mean asking for help. Getting support and not being too proud is the best way to learn what you need for the promotion you want.

It's also being in the right place at the right time, but the first two points need to be worked on first!

RobinBanks

17,551 posts

209 months

Monday 17th November 2014
quotequote all
I was born into a middle class family, I became rich and then I ruined it all.

I hope that that helps.