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Old 07-31-2008, 06:07 PM  
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Default Re: Extreme Home Makeover -- foreclosure?

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That kind of thinking is what keeps a lot of people poor. Depending on your definition of rich I guess.
Not being willing to take risks is what keeps people poor. Look at any magnate like Bill Gates, Steve Jobs, Sam Walton (when he was alive, not now). They all bet with money they didn't have in order to have a chance at success.

There's no such thing as a safe investment with a high yield. You have to be willing to put your neck out in order to get a sizable return.
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Old 07-31-2008, 06:15 PM  
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Default Re: Extreme Home Makeover -- foreclosure?

Yeah, Keanu Reeves really risked it all with acting skills that a broken piece of balsa wood could have eclipsed.
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Old 07-31-2008, 06:38 PM  
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Default Re: Extreme Home Makeover -- foreclosure?

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Originally Posted by Morara View Post
Not being willing to take risks is what keeps people poor. Look at any magnate like Bill Gates, Steve Jobs, Sam Walton (when he was alive, not now). They all bet with money they didn't have in order to have a chance at success.

There's no such thing as a safe investment with a high yield. You have to be willing to put your neck out in order to get a sizable return.
Depending on your definition of rich.
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Old 07-31-2008, 06:46 PM  
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Default Re: Extreme Home Makeover -- foreclosure?

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Depending on your definition of rich.
I'm not referring to the Buddhist/hippie concept, but financial wealth.

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Yeah, Keanu Reeves really risked it all with acting skills that a broken piece of balsa wood could have eclipsed.
He spent a lot of years working in a bar and going to auditions that could have been spent getting formal education for a stable, yet substantially lower paying job. That's still a risk.
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Old 07-31-2008, 07:04 PM  
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Default Re: Extreme Home Makeover -- foreclosure?

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I'm not referring to the Buddhist/hippie concept, but financial wealth.
Me neither. You don't have to be Bill Gates to be financially wealthy. You're stupid if you bet everything you have in a single high risk investment which is what these people did. It is possible to become wealthy without an amazing salary in low risk investments if you can save money and stay out of debt.
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Old 07-31-2008, 07:07 PM  
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Default Re: Extreme Home Makeover -- foreclosure?

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He spent a lot of years working in a bar and going to auditions that could have been spent getting formal education for a stable, yet substantially lower paying job. That's still a risk.
You could do all 3 at the same time.

That's not a risk, that's just dumb.
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Old 08-01-2008, 02:45 AM  
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Default Re: Extreme Home Makeover -- foreclosure?

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Not being willing to take risks is what keeps people poor. Look at any magnate like Bill Gates, Steve Jobs, Sam Walton (when he was alive, not now). They all bet with money they didn't have in order to have a chance at success.

There's no such thing as a safe investment with a high yield. You have to be willing to put your neck out in order to get a sizable return.
the difference is the money that family was given was so that the family could have a nice house to live in and the kids could have money for college. not for the parents to use to start their own business.
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Old 08-01-2008, 03:41 AM  
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Default Re: Extreme Home Makeover -- foreclosure?

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Originally Posted by Morara View Post
Not being willing to take risks is what keeps people poor. Look at any magnate like Bill Gates, Steve Jobs, Sam Walton (when he was alive, not now). They all bet with money they didn't have in order to have a chance at success.

There's no such thing as a safe investment with a high yield. You have to be willing to put your neck out in order to get a sizable return.
Fact is most 'rich' people were born into wealth or earned it incrementally over a period of time.
The 'bet all your chips', rags-to-riches stories are few and far between. And 99.99999% of the time an education is a better investment for financial success than any high yield stock or risky startup business will ever be.
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Old 08-01-2008, 04:27 AM  
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Default Re: Extreme Home Makeover -- foreclosure?

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Originally Posted by Morara View Post
Not being willing to take risks is what keeps people poor. Look at any magnate like Bill Gates, Steve Jobs, Sam Walton (when he was alive, not now). They all bet with money they didn't have in order to have a chance at success.

There's no such thing as a safe investment with a high yield. You have to be willing to put your neck out in order to get a sizable return.
You apparently never took Statistics in College, those are outliers that are hardly representative of the population or sample. In fact, you're referencing the very edges of the bell curve.

The difference between "poor people" and Bill Gates is not the issue. In fact, I doubt many people consider "success" as achieving Bill Gate's wealth. I imagine most people would consider a $450,000 house and $250,000 cash a success. Most households have single or double mortgages and take out massive student loans for college.

They were handed success and acted in greed, nothing more. Work and wealth are directly related and they tried to cut corners.
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Old 08-01-2008, 05:34 AM  
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Default Re: Extreme Home Makeover -- foreclosure?

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You apparently never took Statistics in College, those are outliers that are hardly representative of the population or sample. In fact, you're referencing the very edges of the bell curve.

The difference between "poor people" and Bill Gates is not the issue. In fact, I doubt many people consider "success" as achieving Bill Gate's wealth. I imagine most people would consider a $450,000 house and $250,000 cash a success. Most households have single or double mortgages and take out massive student loans for college.

They were handed success and acted in greed, nothing more. Work and wealth are directly related and they tried to cut corners.
Acted in greed?

You don't know the details, you don't know their intentions.

what kind of job did they have to pay the bills on that house?
How do you know they didn't intend to do charity work if the business was successful?

Also, who really fucking cares? They were GIVEN the house, there's millions of people that are given free things that act in greed, there's even those of us that look or expect to be given things for free. You're really just pissed it wasn't you that got a free house.
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