Quote from antitrust:
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
If one doesn't try to "live large" out of the box then the possibilities are seemingly endless. I see this mentality more in the large metro areas than in rural areas though.
This isn't one case either, I've seen many cases where this happens.
Again, if you try to "live large" and cash flow diminishes, you are screwed. Smart business people understand this point and don't try to put on airs.
I didn't call young people lazy, I said the majority of them lack solid work ethic. I hear the whimpers and whining from my kid's friends and from my friends on facebook, their kid's friends all of the time and it is pathetic.
If you think entrepreneurship is a ponzi scheme then you are part of the problem and not the solution.