Good news, 50,000 jobs to be added in one day.

[RedDuke]

Quote from Neenisti:

A friend of mine graduated from college 15 years ago from the University of Wisconsin with his Master's in Business. He had a rough time finding a job due to taking care of his wife who was injured in an automobile accident. He took a job working for McDonald's to just make ends meet.

Fast forward 15 years, he and his wife own 8 McDonald's restaurants and 4 great kids. They are in the process of breaking ground on 5- 20 unit apartment buildings close to a small college and they own 10 single family homes they use for rentals.

The problem is that when kids graduate from college they feel they "expect" to be handed a high paying position to immediately cover their educational costs. Work ethic isn't taught in school which is a shame. It isn't servitude, it is simply making the best of a bad situation. Kids today want to give up too quickly. That is part of the problem today in all business environments.

If what you wrote is true, it is one of extremely rare success stories under such circumstances. The odds of working at MCD at min wage and no capital, and then owning 8 within 15 years are astronomical.

That reminds me of a joke:

An interview with a millionaire is conducted. The reporter ask, "how did you get your first million?".

The guy replies, "well I was walking down a street and saw a dirty apple. I picked it up, washed it and then sold it for a penny. I used a penny to buy 2 dirty apples. I then washed and sold them for 2 pennies, which I used to buy more dirty apples and so on. I repeated this process 10 times. Then I got news that my rich uncle died and left me 3 mil.

 

[Neenisti]

Quote from nutmeg:

Interesting.

Padonnoiz moi, sometimes I go off on a tangent but perhaps we'll "inhale" our Big Mac in the future.

Mnnnnn... I wonder if we smoked a Big Mac if it would pass the carcinogenic smoke test from the EPA.

The only things I eat at McD's are the salads, the fruit, the ice cream and the coffee. And then only sparingly. All the preservatives drive me batty.

I'm waiting on a "Green" fast food restaurant to take off. We have one being built locally as a test unit this spring. All of the ingredients are all natural and locally grown. I hope it succeeds.

 

[Neenisti]

Quote from antitrust:

so everybody who starts at mcds can own 8 mcds

that would be about 4 mcds on every block in america.

there only so much room for owners, which is declining along with the income of the consumer.

The point is that one is only limited by their expectations. One doesn't need to open McD's from their experience learned in the grease pit.

Coming out of college with blinders on is the kiss of death.

 

[Neenisti]

Quote from RedDuke:

If what you wrote is true, it is one of extremely rare success stories under such circumstances. The odds of working at MCD at min wage and no capital, and then owning 8 within 15 years are astronomical.
That reminds me of a joke:
An interview with a millionaire is conducted. The reporter ask, "how did you get your first million?".
The guy replies, "well I was walking down a street and saw a dirty apple. I picked it up, washed it and then sold it for a penny. I used a penny to buy 2 dirty apples. I then washed and sold them for 2 pennies, which I used to buy more dirty apples and so on. I repeated this process 10 times. Then I got news that my rich uncle died and left me 3 mil.

Astronomical?

I guess I will never share my story with you. You would probably call it impossible.

 

[antitrust]

Quote from RedDuke:

If what you wrote is true, it is one of extremely rare success stories under such circumstances. The odds of working at MCD at min wage and no capital, and then owning 8 within 15 years are astronomical.

That reminds me of a joke:

An interview with a millionaire is conducted. The reporter ask, "how did you get your first million?".

The guy replies, "well I was walking down a street and saw a dirty apple. I picked it up, washed it and then sold it for a penny. I used a penny to buy 2 dirty apples. I then washed and sold them for 2 pennies, which I used to buy more dirty apples and so on. I repeated this process 10 times. Then I got news that my rich uncle died and left me 3 mil.

this scenario would not be possible without massive debt to cash flow leverage. Unless he won the lottery. More have been ruined by this strategy then succeed. But you can always point to one case and say anybody can do it just go and pyramid your cash flow into debt. Any moderate reduction in cash flow will collapse the house of cards.I don't know if calling young people lazy, because they do not pursue a individual ponzi scheme is correct as Neenisti concludes

 

[noob_trad3r]

If the Average American wage drops to 8 dollars an hour, wont that mean deflation? Housing will go back to average of 35K to buy a home, 8K to buy a car etc.. like in the 60s?

 

[trade4succes]

Quote from noob_trad3r:

If the Average American wage drops to 8 dollars an hour, wont that mean deflation? Housing will go back to average of 35K to buy a home, 8K to buy a car etc.. like in the 60s?

yeah..

except now there is double the population competing for the same amound of land.

and wait, about a billion chinese upgrading their mud huts to bricks and mortars competing for your prime materials as cement, wood and iron.

I propose a worldwide tax on childbirth ;-)

 

[nutmeg]

Quote from noob_trad3r:

If the Average American wage drops to 8 dollars an hour, wont that mean deflation? Housing will go back to average of 35K to buy a home,

At 8 bucks an hour, you could get the house for free but unable to pay the taxes on the property, or heat it. Fixed costs ain't going to deflate.

 

[nutmeg]

Quote from trade4succes:

yeah..

and wait, about a billion chinese upgrading their mud huts to bricks and mortars competing for your prime materials as cement

I wonder if Japan is going to use up all the portland.

 

[krazykarl]

Quote from Neenisti:

Astronomical?

I guess I will never share my story with you. You would probably call it impossible.

I see you're new here. No one really cares about your story - everyone has 5.