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AbstractPoetic
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Postby AbstractPoetic » February 25th, 2010, 7:35 pm

eliteauto wrote:I'm always amused when persons who have leveraged their future against their education talk as though they alone have great plans and make myopic statements such as their degrees allow them more latitude than an entrepreneur, or ask about job-security, paid vacations etc. Worse they talk about buying a house and CODs as investments..typical employee thinking


Point me or anyone else in this thread where it was ever insinuated that those with a higher education "alone have great plans...and their degrees allow them more latitude than an entrepreneur".

In fact, does your comment not infer that:

1. An education and entrepreneurship is mutually exclusive?

2. Entrepreneurs do not leverage their future against their education because they seldom (if ever) take the route to obtain a higher education?

You're speaking as if us degreed persons who have 'leveraged their future against their education' rely on that very same education to rescind to a life as an employee. More often than not many of us start off as employees and end up our own employer. And it is often being in the position of an employee that lands us the great opportunity to network like crazy, market our name/reputation, continue to advance ourselves, and continue to learn more about our interests and market needs.


eliteauto wrote:read between the lines and what you're seeing are armchair analysts and intellectual snobs


Complete 'boboll'. Interestingly enough many of these "intellectual snobs" and "armchair analysts" are part of the top 1% of wealth in the world. The same applies to your region. And what's even more interesting? Their "intellect", solidifed by higher education, networking and a vision got them to where they are today.

eliteauto wrote:I'll give a real world example, I have 2 friends "M" works in the energy sector for around $30K a month he is married has no children bought a home in a gated community in Arima had an Audi A4, recently bought a new Honda Accord and has both his mortgage and car loan being partially paid for by his employer, he dines at fine restaurants, vacations in Europe and is a member of QPCC-this is what many ppl aspire to as the good life

By comparison my friend "S" is a mechanic, he drives an old model Accord, rents a house, I've never seen him travel, has 2 daughters and a girlfriend his income from his shop is probably $20K a month, he has excellent credit (banks call him to state he's been pre-qualified for loans in excess of 50K) he has a $30K Credit Card limit, mind you his shop is not a specialist one it's just a notch above mango-tree status, in addition to his shop he owns 18 cars (avg econoboxes no newer than PBR) that he rents to average ppl like himself ( short term , weekends etc) these cars net him on average $54K a month with over $30K being saved monthly

M gets up every day and leaves home @5:30 and returns after night fall, S gets to work as he feels around 8:30 wraps up by 5:30 ( usually earlier) can close the shop for a few days if he wants...M's lifestyle is tied to his employment, S determines what his lifestyle is, guess who stands a better chance of leaving a legacy behind for their children?


Your point being? Let me guess, an entrepreneur like "S" 'stands a better chance of leaving a legacy behind for his children' because, unlike "M", "S" is around to raise his children and provide a sound example of the results of when 'opportunity meets preparation'?

The missing piece here? "M" doesn't have children to raise and lead by example unlike "S".

Moreover, who is to say "M"'s circumstance would not change? He can very well lead a less demanding life where his hours are determined by him, and dare I say become his own entrepreneur one day?

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Postby AbstractPoetic » February 25th, 2010, 7:46 pm

pugboy wrote:One thing for sure though is that in north america it is an easier road to be an employee.


Perhaps because the market has placed such heavy importance on obtaining a college degree or better.

Perhaps because when we read Forbes, Wall Street Journal and Economic Times the powerhouse men/women behind the various lucrative industries have all obtained at least a college degree or higher with most obtaining exposure to their industry as employees before they became their own employer.

Am I saying that education is the ONLY way one can take to obtain what THEY individually consider a GREAT/HAPPY/SUCCESSFUL life? NO.

Am I saying that for the majority of us, an education can and does help open doors, experiences, networking opportunities and paychecks that better helps us achieve one's individual definition of a GREAT/HAPPY/SUCCESSFUL life? YES.

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Postby directv » February 25th, 2010, 7:57 pm

I find it interesting the guy that post up all of his personal financial business and so sure no one knows who he is don't want to post what it is he does.

Smokey wrote:Just say avoid going into credit card debit rather than avoiding them totally.


Anyway as for how I reached where I am, well i won't go into detail but here's some general advice.

1. Experience is more important than qualifications (once you have the minimum qualifications i.e.). Therefore, if you start your career among people you cannot learn from leave. I started my career with a boss who was possibly the best in the caribbean at what he does. That 1.5 years I stayed with him had reach a level that was on par or higher with men with 10 years experience or more in my field.

2. It helps greatly to stay ontop of your field by reading online blogs, magazines etc.

3. Learn the most popular software used in your field inside out!

4. Network! talk to as much people in your industry as you can and put yourself out there, the only reason my salary is 24K is because my current employer did not want to lose me to a competitor.

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Postby Chimera » February 25th, 2010, 8:13 pm

directv wrote:I find it interesting the guy that post up all of his personal financial business and so sure no one knows who he is don't want to post what it is he does.



I find it alarming that you find it interesting that he wants to keep his profession to himself

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Postby pugboy » February 25th, 2010, 8:48 pm

Sure, but those magazines are not always a measure of "wealth" and "wellbeing".

In fact after last year I think a lot of the names you would have seen in those magazines have turned out to be a greedy bunch of fraudsters who took advantage of the small man whose loans were propping up their ship


AbstractPoetic wrote:Perhaps because when we read Forbes, Wall Street Journal and Economic Times the powerhouse men/women behind the various lucrative industries have all obtained at least a college degree or higher with most obtaining exposure to their industry as employees before they became their own employer.

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Postby Rooki3 » February 25th, 2010, 8:53 pm

eliteauto, plz limit the big words, I dropped out of 6th form

kthnxbai :cry:

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Postby Rooki3 » February 25th, 2010, 8:58 pm

M gets up every day and leaves home @5:30 and returns after night fall, S gets to work as he feels around 8:30 wraps up by 5:30 ( usually earlier) can close the shop for a few days if he wants...M's lifestyle is tied to his employment, S determines what his lifestyle is, guess who stands a better chance of leaving a legacy behind for their children?


[/thread]

My Dad always pounds this "being your own boss" in my head when i was younger, never realised the truth behind it until i started working.

it ain't worth it, but hey, not everyone could be their own boss & that's the great part :lol:

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Postby Rooki3 » February 25th, 2010, 9:00 pm

(Bill Gates, included--YES, he's recently obtained his college degree even after he's obtained his billions)


:roll: :roll: :roll:

LMFAO........................so what's the point?

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Postby Rooki3 » February 25th, 2010, 9:03 pm

Perhaps because when we read Forbes, Wall Street Journal and Economic Times the powerhouse men/women behind the various lucrative industries have all obtained at least a college degree or higher with most obtaining exposure to their industry as employees before they became their own employer.


Majority of Billionaires on forbes, are of inherited fortune :roll:

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Postby AbstractPoetic » February 25th, 2010, 9:27 pm

Rooki3 wrote:
(Bill Gates, included--YES, he's recently obtained his college degree even after he's obtained his billions)


:roll: :roll: :roll:

LMFAO........................so what's the point?


The successes of Bill Gates was and is often used as an example where a college degree was not needed to ensure success.

And yet, Gates still went on to complete his degree from Harvard. Question is, what for if he had already achieved our idea of success/wealth by most standards?

The message? There is more to obtaining a college degree (or higher) than the ability to achieve success/wealth.
Last edited by AbstractPoetic on February 25th, 2010, 9:47 pm, edited 1 time in total.

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AbstractPoetic
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Postby AbstractPoetic » February 25th, 2010, 9:44 pm

Rooki3 wrote:
Perhaps because when we read Forbes, Wall Street Journal and Economic Times the powerhouse men/women behind the various lucrative industries have all obtained at least a college degree or higher with most obtaining exposure to their industry as employees before they became their own employer.


Majority of Billionaires on forbes, are of inherited fortune :roll:



Wrong. Of the top 10 billionaires in the world name at least 6 (majority) that came from inherited fortune. You can scratch Warren Buffett, Carlos Slim and Bill Gates off that potential list. I look forward to your response.

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Postby Rooki3 » February 25th, 2010, 10:00 pm

Of the top 10 billionaires



Where in my post says top ten, there are over 750 billionaires in the world & i reiterate, majority of there fortunes are inherited from parent or grand parents who "hustled" e.g that guy who startes Wal-Mart, he started working as a clerk or cashier etc. in JC PENNY

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Postby Rooki3 » February 25th, 2010, 10:00 pm

Soundwave, :lol: :lol:

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Postby Chimera » February 25th, 2010, 10:03 pm

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/9YuHYHDTVUE&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/9YuHYHDTVUE&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

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Postby Rooki3 » February 25th, 2010, 10:03 pm

AbstractPoetic, and i would go as far to say most self made billionaires especially the russians, acquired there wealthe through schemish transactions, such as war profiteering!


Now tell, How different are they fron the DVD saleman :?

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Postby pugboy » February 25th, 2010, 10:12 pm

trying to draw a correlation between a rich people list and education is pointless,
the simple fact is that the drive to succeed in life and wealth exists in people both educated and uneducated, in fact the assumption that a lot of educated people will far surpass uneducated is false as many of them will do well in life but just laylay dilbert style

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Postby Rooki3 » February 25th, 2010, 10:19 pm

pugboy, thanx, i'm done arguing.

AbstractPoetic, you could see it but chances of reaching it 1 in a trillion
Image

Those guys already made their fortune, the more time i waste in this thread the longer i take to reach where tthey at :?

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Postby EL JEFE » February 25th, 2010, 10:21 pm

tr1ad wrote:
d spike wrote:
Computerman wrote:
zeeshan66 wrote:i'm curious to know what avg income is here /mth
Well I can't speak for the other ppl here, but I make $1,600.00 a month!! Yeah, I know that's alot... but that's before tips!! If I factor that in I could take home as much as $1650, or in a really good month $1670!! Don't be jealous, you too can make that kinda dough! You just got to stick with your job! I been with the same company now for over 14 years... and I started at $1200 and worked my way up. I have no formal education to speak of and my grasp of the english language is minuscule at best. Don't worry... one day you can get here too!! Oh, I havn't mentioned the best part... what I do... I clean up other ppls s#it!
:P


Low pay... cleans up other people's sheit... I get it, you're an OJT in a primary school!


either that or he has a garage for HONDA


Was that a sheit up? Didn't seem so.

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Postby Sky » February 25th, 2010, 10:25 pm

Somebody tell Rooki3 he wasting his time please :roll:

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Postby Rooki3 » February 25th, 2010, 10:27 pm

I realise :lol: :lol:

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AbstractPoetic
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Postby AbstractPoetic » February 25th, 2010, 10:46 pm

Rooki3 wrote:Where in my post says top ten, there are over 750 billionaires in the world & i reiterate, majority of there fortunes are inherited from parent or grand parents who "hustled"


Where is your proof?

Rooki3 wrote:e.g that guy who startes Wal-Mart, he started working as a clerk or cashier etc. in JC PENNY


He sure did, AFTER he obtained his college degree. ;)

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Postby AbstractPoetic » February 25th, 2010, 10:51 pm

pugboy wrote:trying to draw a correlation between a rich people list and education is pointless,
the simple fact is that the drive to succeed in life and wealth exists in people both educated and uneducated, in fact the assumption that a lot of educated people will far surpass uneducated is false as many of them will do well in life but just laylay dilbert style


Uhhhmm, whoever stated only those with college degrees or higher are educated?? Were we even using college degrees as a benchmark to determines one's level education? Just because you have a college degree does not infer you are educated. :roll:

My goodness, people are truly taking things out of context to help validate their opinions. :roll:

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Postby TriniVdub » February 25th, 2010, 11:00 pm

AbstractPoetic



Image

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Postby pugboy » February 26th, 2010, 7:17 am

Well for somebody who thinks the new york finance magazines is the promised land I hate to tell you that the majority of the world's population can be happy without having to follow the new york business world

AbstractPoetic wrote:My goodness, people are truly taking things out of context to help validate their opinions. :roll:

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Postby eliteauto » February 26th, 2010, 8:30 am

lol @ some persons trying very hard to convince
like I said......... armchair analysts, if you can't even understand what a legacy is your credibility is shot. The responses almost seem desperate in nature, trying hard to convince both themselves and others.

In the end there are many paths to success but only a few underlying principles to getting there :wink:

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Postby crazybalhead » February 26th, 2010, 10:46 am

*puts on go go boots to go make Friday Fares.*

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Postby devrat » February 26th, 2010, 10:53 am

crazybalhead wrote:*puts on go go boots to go make Friday Fares.*


Image

:lol:

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