360 test drive tomorrow....help!
Discussion
Good on the people that can afford nice things!
It's alright saying work hard but really alot of people don't really get a good chance in life to work hard in something they like. And if they don't like the job there in, there isn't alot of motivation to work hard! Then you could say well get a new job, but it's damn hard to get a job that pays Ferrari money!
It has alot to do with who you know aswell I think, and even the family your born in to!
It's alright saying work hard but really alot of people don't really get a good chance in life to work hard in something they like. And if they don't like the job there in, there isn't alot of motivation to work hard! Then you could say well get a new job, but it's damn hard to get a job that pays Ferrari money!
It has alot to do with who you know aswell I think, and even the family your born in to!
360stimo said:
Tell me to mind my own business if you like, but what do you guys do to afford a Ferrari at 23?
Also, any tips?
A tip, erm, i think if you genuinly enjoy your work, your more likely to succed. Thats why i quit the sports world, didnt enjoy it anymore. Made the right move.
Absolutely right!! I was in Corporate Marketing for many years and made good money BUT left that in 99 as was bored. Started up my own property development business with no experience except a passion for design and architecture. Now in a position to buy an Aston. Hard work and risk!!! Nothing else ...apart from some luck as well. But as the famous quote goes...I seem to get more lucky the harder I work!!
james24 said:
Good on the people that can afford nice things!
It's alright saying work hard but really alot of people don't really get a good chance in life to work hard in something they like. And if they don't like the job there in, there isn't alot of motivation to work hard! Then you could say well get a new job, but it's damn hard to get a job that pays Ferrari money!
It has alot to do with who you know aswell I think, and even the family your born in to!
Im not so sure about that, there are a huge amount of people in the world that dont know anyone, weren't born into anything etc and have created something from nothing by being creative, clever and by taking a lot of risks. The most relevant example at the moment would be Alan Sugar.
Of course there are many who have not made it. But the fact that some have with no help, no priviledged background etc should be the inspiration to everyone. I came from a working class background with no money BUT did have two fantastic parents who always supported me emotionally and gave me encouragement. I think that helped enourmously. The rest though was down to sheer hard work, tenacity, willingness to make mistakes and a desire for a better life.
At end of day we all need to decide what it is that makes us happy and go for that. My business has been v successful but I lost my wife along the way (divorce) so was it worth it? Only I can tell. Have a nice house, car etc but no one to share it with at present!!
At end of day we all need to decide what it is that makes us happy and go for that. My business has been v successful but I lost my wife along the way (divorce) so was it worth it? Only I can tell. Have a nice house, car etc but no one to share it with at present!!
maxf said:
Friends of mine who have exotica tend to not be too exotic in other areas of their life - most don't smoke (£5 a packet mounts up), most don't excessively drink (£100+ a night out mounts up) etc etc... They all earn decent money but it all goes on something which is externally very noticable, but few people notice that they don't do other things.
Some of my mates are on silly money but spend it all every month - beer, fags, birds, flats, holidays etc...
For most 'normal' people its all about priorities. Of course there are some lucky (I use the term losely because the only lucky ones I know are the ones who inherited cash but wouldnt have a clue how to make more) buggers who have the right idea, with the right backing and the right expertise at the right time and make tons of money!
Just some thoughts out loud
Max
Hear hear!
I do all of the above. Because I'm careful with the smaller amounts here and there, I'm able to not think too much about splashing out on the larger (usually) more expensive things that I really enjoy.
I'm nobody special. Grew up in one of the worst council estate's in the South West, went to an appauling public school and didn't have any further education.
I just work hard, think about where I want my life to go, and make sure I get it.
Tuan
I'd also add that most chinless wonders who inherit their money don't spend it on silly cars because deep down they are conscious of being seen to be spraying daddies money away for the next generation - and lets be totsally fair - they know that if the gene pool was different they'd be saying 'fries with that? frequently.
I've only got a bee in my bonnet about it becuase I came from nothing (broken home, assisted place at public school etc) and took risk / worked hard and smart to get Lambo in 20's and Porsche at 19. when I'm interviewing people something I can never understand is why many think that wealthy people in some way 'got lucky' - if you are not prepared to take a risk (re-mortgage, sell your house, watch, bike, granny..) then you might as well keep playing the lottery. No offence - had to get that little lot off my chest.
JAMES
I've only got a bee in my bonnet about it becuase I came from nothing (broken home, assisted place at public school etc) and took risk / worked hard and smart to get Lambo in 20's and Porsche at 19. when I'm interviewing people something I can never understand is why many think that wealthy people in some way 'got lucky' - if you are not prepared to take a risk (re-mortgage, sell your house, watch, bike, granny..) then you might as well keep playing the lottery. No offence - had to get that little lot off my chest.
JAMES
lambojim said:
I'd also add that most chinless wonders who inherit their money don't spend it on silly cars because deep down they are conscious of being seen to be spraying daddies money away for the next generation - and lets be totsally fair - they know that if the gene pool was different they'd be saying 'fries with that? frequently.
I've only got a bee in my bonnet about it becuase I came from nothing (broken home, assisted place at public school etc) and took risk / worked hard and smart to get Lambo in 20's and Porsche at 19. when I'm interviewing people something I can never understand is why many think that wealthy people in some way 'got lucky' - if you are not prepared to take a risk (re-mortgage, sell your house, watch, bike, granny..) then you might as well keep playing the lottery. No offence - had to get that little lot off my chest.
JAMES
I disagree with the first Para and totally agree with the second one. I don’t think there is anything wrong with inheriting money; firstly you don’t get a choice do you? Cant help being born to the parents you are and secondly, I hope to have a substantial amount of cash to pass down to my children. I think the key here is for the parent to teach the child about the value of money and that a lot of blood, sweat and tears have gone into their inheritance and it would be a disgrace to piss it up against a wall.
I am an adopted child; my father is a very successful business man. I had a great up-bringing and went to some very good schools and uni's. But school holidays etc I was in the factory as a labourer, getting everyone's lunch, working in different areas, always learning. I had to pay my own my through uni and when I left he told me to go and do my own thing and prove myself, make my mistakes and show what I was capable of doing.
This I did, then I was invited to work in the family businesses as a manager and now I run it. Money was also made available for business ideas should they pass 'the handbrake' (father) test, but it was just like going to a bank, business plans, forecasts, etc etc but this way we kept ownership of any business in the family, which has always been the way.
I will do exactly the same for my kids, couldn’t have had a better upbringing
360stimo said:
I think this whole topic is quite inspiring actually, its made me take some steps to get out my job, and do some things I've been thinking about for a while anyway!
Good for you mate, you'll kick yourself if you dont give it a shot
Jeez, this is all getting a bit "deep". Some very wise words of advice though.
And to think, this all started out as being a post for some test drive advice...
Tuan
GI Jnr said:
james24 said:
I think this whole topic is quite inspiring actually, its made me take some steps to get out my job, and do some things I've been thinking about for a while anyway!
Good for you mate, you'll kick yourself if you dont give it a shot
Jeez, this is all getting a bit "deep". Some very wise words of advice though.
And to think, this all started out as being a post for some test drive advice...
Tuan
Ha Ha, do we know how the test drive went ?
'Money was also made available for business ideas should they pass 'the handbrake' (father) test, but it was just like going to a bank, business plans, forecasts, etc etc but this way we kept ownership of any business in the family, which has always been the way.'
Have you been to see many bank managers recently?
I agree with your point about having no chioce about your parents financial circumstances - but if you really think that your dad is as harsh a critic as your typical bank manager then you'll have to take my word for it - he isn't.
I admire anyone who chooses to go it alone but at some point your grandfather, great grandfather took the real risk surely? Fair point on teaching your kids the value of money being the most important factor though.
Have you been to see many bank managers recently?
I agree with your point about having no chioce about your parents financial circumstances - but if you really think that your dad is as harsh a critic as your typical bank manager then you'll have to take my word for it - he isn't.
I admire anyone who chooses to go it alone but at some point your grandfather, great grandfather took the real risk surely? Fair point on teaching your kids the value of money being the most important factor though.
lambojim said:
'Money was also made available for business ideas should they pass 'the handbrake' (father) test, but it was just like going to a bank, business plans, forecasts, etc etc but this way we kept ownership of any business in the family, which has always been the way.'
Have you been to see many bank managers recently?
I agree with your point about having no chioce about your parents financial circumstances - but if you really think that your dad is as harsh a critic as your typical bank manager then you'll have to take my word for it - he isn't.
I admire anyone who chooses to go it alone but at some point your grandfather, great grandfather took the real risk surely? Fair point on teaching your kids the value of money being the most important factor though.
No, my father was brought up in very poor conditions in Liverpool. My father built everything himself. He took the risk with his best mate to start the company. But you are right, my grandfather did take risks, he was an RAF pilot in the war ! Who took the real risk - not sure what that means, i read that as a comment that under-values what i have achieved because my father is a succesful businessman ! I couldn't disagree with that more. Are you saying that anyone who is born to parents who are succesful can never really call themselves an entreprenuer ?
I see my bank manager once a month at least to look through all the company finances etc. If a father is more strict than a bank at securing finance rather is a futile and pointless argument as no side will be proved. We'll just have to agree to disagree there.
>> Edited by 360stimo on Friday 13th May 10:32
Please don't take this the wrong way, you are obviously now very successful in your own right.
But, I agree with the bank manager/father point.
I can't see how you would be in the position you are today had it not been for family ties. There aren't many companies that would make someone a very senior director with only a tiny amount of commercial experience.
I'm not saying that this is right or wrong but it is the truth.
However, you've obviously proven that you are more than capable and jutified your position so the very best of luck to you!
But, I agree with the bank manager/father point.
I can't see how you would be in the position you are today had it not been for family ties. There aren't many companies that would make someone a very senior director with only a tiny amount of commercial experience.
I'm not saying that this is right or wrong but it is the truth.
However, you've obviously proven that you are more than capable and jutified your position so the very best of luck to you!
phil321 said:
Please don't take this the wrong way, you are obviously now very successful in your own right.
But, I agree with the bank manager/father point.
I can't see how you would be in the position you are today had it not been for family ties. There aren't many companies that would make someone a very senior director with only a tiny amount of commercial experience.
I'm not saying that this is right or wrong but it is the truth.
However, you've obviously proven that you are more than capable and jutified your position so the very best of luck to you!
Thanks !
Interestingly enough, i made more money brokering deals in the Sports industry than i do now. Im not driven by money, im driven by quality of life and doing something i enjoy and believe in.
Thats it, right back to cars, finally able to go get my 360 back from JCT on Monday, can't wait.
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