From CEO to pizza delivery driver

Quote from tommcginnis:

Meaning no disrespect, but you're either not married, or are married to the kind of woman the rest of us could only dream about. Go find yer woman and make passionate passionate love to her right now.
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I am very lucky. It is true.

I do believe more women are going to realize that the 'revolving mate/husband' schtick is going to run out of fuel when the economy keeps contracting, and as they lose leverage in such matters.

This is always why I felt more comfortable around low radar people and non-promoters, even when the economy was booming on paper, and credit was cheap and easy dope.

Promoters can seem like geniuses, and live like Howard Hughes did, when times are milk and honey, but when the milk sours and the honey dries up, they are the ones swimming naked, who start to age quickly, and their silver tongues become flaccid.
 
Yup... and if you thoughtfully put your money into a McDonald's franchise which has a proven business plan you'll succeed.

But if you recklessly blow your money on some half-baked scheme you'll lose it all just like this guy did.
Quote from JB3:

I'm not sure if any of you started your own business, but it requires basically borrowing heavily and dipping into your own savings. If you wanted to start a friggen McDonald, it would require you to put out $1 million dollars yourself.
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The U.S. government is the biggest obstacle to building a successful business in this nation - you have to spend 80% of your time dealing with paper work, licensing, regulations of one kind or another, and an archaic, incredibly confusing and inefficient tax structure.

At the end of the day, you're lucky if you have 2 out of 18 hours a day to devote to actually focusing on your core product or service.

And the other thing that I know, from first hand experience, is that real estate has a death necklace of insanely high property taxes around it in many states - these states, counties and cities, villages and townships are going to fall on their own swords, as their tax base dries up, because people are going to flip them the bird and just refuse to pay their insanely high property taxes - it's already happening; developers are saying screw it left and right, and individual homeowners are starting to do the same en masse. WTF do you really get for your money if you're paying 14k a year in property taxes? Especially if you send your kids to private schools?
 
Quote from Trader666:

Yup... and if you put the money into a McDonald's franchise which has a proven business plan you'll succeed too.
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That sums it up.

The majority of one's success (in trading or any other business) has to do with defining your plan, implementing your plan and managing your risk to the downside.

I have no idea what this man's experience was in terms of the trading field or knowing how to manage a business (while maintaining his household), but in terms of implementation it is obvious (through results which are nothing short of a disaster) that he didn't know what the hell he was doing ... probably on both accounts.

My vote is with the guy who said wifey gets a little Nip/Tuck
and finds the next "big man" on the block. :D
 
Quote from Now is Now:

I hope something works out for him. I have a feeling that, unless his wife is special,he will lose her and the kids.
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Agree with you 100%.

She obviously enjoys living a certain lifestyle (one which you definitely cannot afford from deliverying pizzas, LMAO).

She'll probably kick that loser to the curb in short order ... I would be very surprised if her friends/family/and the guy who wants to get with her hasn't suggested that to her already. :D

Note: Did anyone notice how she wasn't really looking at him during their interview ... but he kept trying to look at her? :eek: :p
 
As someone said earlier, she's not really the MILF type.

She looks pretty worn out, with some heavy duty mileage of the Service Schedule I type.
 
Quote from Trader666:

But if you recklessly blow your money on some half-baked scheme you'll lose it all just like this guy did.
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Precisely

If he wanted out of the [rat] race, he would have seriously needed to have continued working for a living while developing his business on the side.

Here's an analogy that you pikers can relate to:

1. Quit a high six-figure job.
2. Go out and buy the latest daytraing a computer.
3. Start trading.
4. Blow through your account.
5. Go get some money from you joint bank account (held with wifey) to continue funding your "trading business".
6. Rinse, wash and repeat numbers 3 through 4.
7. Do this for several years, while promising your wife that "this time you're gonna get it right".
8. While all of the aforementioned activities are going on, pay for your mortgage, utilities, food, country club fees and vacations out of the fund that you had set aside for your family/children's education.
 
Quote from Trader666:

Yup... and if you thoughtfully put your money into a McDonald's franchise which has a proven business plan you'll succeed.

But if you recklessly blow your money on some half-baked scheme you'll lose it all just like this guy did.
More...

Quote from MandelbrotSet:

That sums it up.

The majority of one's success (in trading or any other business) has to do with defining your plan, implementing your plan and managing your risk to the downside.

I have no idea what this man's experience was in terms of the trading field or knowing how to manage a business (while maintaining his household), but in terms of implementation it is obvious (through results which are nothing short of a disaster) that he didn't know what the hell he was doing ... probably on both accounts.

My vote is with the guy who said wifey gets a little Nip/Tuck and finds the next "big man" on the block. :D
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If this is true then everyone who has enough money to buy a McDonalds should do so instead of incuring risk elsewhere. Why aren't there twice as many McDonalds as there are? If the cost of owning a McDonalds was twice as much would it still be a sure success? There is no free money out there. Even buying a McDonalds takes a lot of know how and uncertainty.

I agree that "the majority of one's success has to do with defining your plan, implementing your plan and managing your risk to the downside". Yet do not rule out that a number of failures can and will result even after those standards are fufilled possibly to an even higher degree. Anything that involves risk whether it be managed risk, controled risk, risk averse, etc involves the possibility of failure. And when the unthinkable happens the media is right there to write up an entertaining story about it. Furthermore all of the critics feel at ease knowing they would never act so foolishly. (Whos that actress? You know how many people told me they would've rushed themselves to the hospital had they taken a tumble in the snow. lol)

From what I read I feel that regarding savings and family it is likley that the man had made some daring decisions, not in terms of which profession is most viable but in what was at risk. Coupled with a global recession its not any suprise. Maybe plan B was to go back to his old company which had survived the great depression and at least get half pay...

Not enough facts in this story for me to really arrive at a deserving judgment. Who knows what kind of skills, preparation, and careful steps taken not to mention the sequence of unthinkable events that might have took place. What I do know is that I admire the fact that he can deliver pizza with the same self-regard as he had at his previous job. He didn't BLAME anyone. That is a very rare quality to have regardless if he's an idiot.
 
Quote from MandelbrotSet:

Precisely

If he wanted out of the [rat] race, he would have seriously needed to have continued working for a living while developing his business on the side.

Here's an analogy that you pikers can relate to:

1. Quit a high six-figure job.
2. Go out and buy the latest daytraing a computer.
3. Start trading.
4. Blow through your account.
5. Go get some money from you joint bank account (held with wifey) to continue funding your "trading business".
6. Rinse, wash and repeat numbers 3 through 4.
7. Do this for several years, while promising your wife that "this time you're gonna get it right".
8. While all of the aforementioned activities are going on, pay for your mortgage, utilities, food, country club fees and vacations out of the fund that you had set aside for your family/children's education.
More...

Hey that looks familiar, hence my handle.:D
 
Quote from Trader666:

You're the assclown because if you don't get this you'll brainlessly fail in a similar way... and you'll blame it on someone/something else and make the same mistake again and again until you get a grip on reality.
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I live a life that you only dream about and when/if I fail it will be spectacular. Now go back to your cubicle
 
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