money.cnn.com— A dozen entrepreneurs, a dozen success stories: proof that you don't need a lot of money to make a go of it, but you do have to be smart about how you invest your energy.
Jun 12, 2007View in Crawl 4
@jeff303:Loans? Get a clue, banks will only loan up to the value of your current assets, so unless you are already wealthy, they won't loan you crap. If you can get a loan to start your business, you're already rich.Venture capital? If you have enough money to stop working, travel to one of the meccas of capitalism and spend the time necessary (months or years) going around hyping your idea (or the opposite: hiring someone else to do all the above), you're already rich.@emocean:I really hope what you're saying is true, if it is, this article should be about you, not some rich SOBs getting richer. Now, with that said: if you can afford to have $2000 sitting in a bank account and not have to pay it out for food, gas, rent/mortgate you aren't necessarily rich, but you sure aren't poor. I know that you folks that make $75,000+ think you aren't 'well off', but you are.
personally obviously the great starting point is the mind.some people want to have normal jobs, some want to start a bussiness and that can cost many bucks.in fact i am a dreamer and i would like to have some day a job where i can win depending on how well i do.i am now really into the hyp of the internet and i have found some ways to improve my income and help me at least help pay the high costs of the gas and help me to save.i have been some weeks into trying to make money and finally i could find a site that you could make worth like i did, if anyone is interested in investing some time and make some extra incomes here it is, no selling, no spamming, nothing of that, the concept is strange but it works.here is the link : <a class="user" href="http://adbux.org/?r=acidguy">http://adbux.org/?r=acidguy</a>
The salaries and wealth of the rich in the United States have been growing for decades while lower income brackets erode more and more. Tax loopholes have been opened while social programs that the poor rely on have been eroded. Health coverage and education are part of this erosion. Businesses already get an enormous number of tax breaks while the rest of us pay taxes. That amounts to a subsidy. Social Security is will have trouble paying full benefits because Reagan pulled out billions for tax breaks for the rich, but we're supposed to believe that the growing number of baby boomers is stressing a system that worked perfectly fine. Giving more and more and more wealth to the rich is hardly solving the economic problems of the United States. Incentive is a flimsy argument that I feel insults the intelligence of the readers here. Stories like the article above are pure propaganda. I'm surprised people are still trying to perpetuate the fairy tale of the entrepreneur, though if you're doing relatively well financially, it may help to quell guilt. It feels bad to exploit other people to prop yourself up. You don't deserve (haven't earned) the wealth you possess. It's an ugly thought, but it's comforting to think that you're serving a greater goal. Falling into the economic abyss with the rest of the working poor seems pretty grim, too. Which is the lesser of two bad situations? I'm not saying you're a bad guy. You apparently believe passionately what you're writing. I believe that you probably have worked hard. I'm saying that others have too and are getting dicked over on a day to day basis. Other countries settle for less high range income and have better health care, education, crime rates, and retirement programs. I don't need the delusion of a Lamborghini to go to work every day. I don't think that Paris Hilton has the ideal lot in life. I'll go because I want a family and a modest life. I'll go because I need to eat, want shelter, good health and the satisfaction of accomplishing things in my profession. The carrot on a stick model is unnecessary, I feel, and is unsustainable. Capitalism is too draining and can't continue forever. We need something better and sustainable. I'm interested to hear your response.
The interesting thing is that though they may have had "profitable jobs" they lived in an area that insured them they couldn't get any higher. One of the brothers couldn't even own a home. His wife was forced to work two jobs when all she wanted to do was stay home with their son. Does that sound like the life of "the rich" to start with? I don't think so. And it isn't hard to find people to invest in you if they believe in you. I'm sure they would've had a lot more come in, but because they DO NOT come from wealth in any way, a lot of people were unable to support them financially as they wanted to. Most people do know at least a couple people who are of a higher financial situation than themselves. So if that means that you "already come from wealth" it seems to me that would include a hell of a lot more people. Probably even yourself. These brothers have worked for everything they have. Another interesting point, they STILL have to work their original "profitable jobs" in addition to running their successful business. MMMMM......... sounds like paradise!!!
it's easy to draw conclusions from stories of 0.1% of entreprenuers who made it big - sometimes it's more educational to summarize mistakes of the remaining 99.9% - those who had less luck and favorable cicumstances the comments above are more valuable and helpful then the article itself
bmsonJun 13, 2007
top 10 most friendly countries to small business<a class="user" href="http://money.cnn.com/magazines/fsb/fsb_archive/2007/06/01/100049637/index.htm">http://money.cnn.com/magazines/fsb/fsb_archive/2007/06/01/100049637/index.htm</a>
grtwhtJun 13, 2007
@jeff303:Loans? Get a clue, banks will only loan up to the value of your current assets, so unless you are already wealthy, they won't loan you crap. If you can get a loan to start your business, you're already rich.Venture capital? If you have enough money to stop working, travel to one of the meccas of capitalism and spend the time necessary (months or years) going around hyping your idea (or the opposite: hiring someone else to do all the above), you're already rich.@emocean:I really hope what you're saying is true, if it is, this article should be about you, not some rich SOBs getting richer. Now, with that said: if you can afford to have $2000 sitting in a bank account and not have to pay it out for food, gas, rent/mortgate you aren't necessarily rich, but you sure aren't poor. I know that you folks that make $75,000+ think you aren't 'well off', but you are.
Closed AccountJun 13, 2007
*claps courteously
solisJun 14, 2007
@GRTWHT:Perfectly said.
acidguy02Jun 14, 2007
personally obviously the great starting point is the mind.some people want to have normal jobs, some want to start a bussiness and that can cost many bucks.in fact i am a dreamer and i would like to have some day a job where i can win depending on how well i do.i am now really into the hyp of the internet and i have found some ways to improve my income and help me at least help pay the high costs of the gas and help me to save.i have been some weeks into trying to make money and finally i could find a site that you could make worth like i did, if anyone is interested in investing some time and make some extra incomes here it is, no selling, no spamming, nothing of that, the concept is strange but it works.here is the link : <a class="user" href="http://adbux.org/?r=acidguy">http://adbux.org/?r=acidguy</a>
bugsy187Jun 15, 2007
The salaries and wealth of the rich in the United States have been growing for decades while lower income brackets erode more and more. Tax loopholes have been opened while social programs that the poor rely on have been eroded. Health coverage and education are part of this erosion. Businesses already get an enormous number of tax breaks while the rest of us pay taxes. That amounts to a subsidy. Social Security is will have trouble paying full benefits because Reagan pulled out billions for tax breaks for the rich, but we're supposed to believe that the growing number of baby boomers is stressing a system that worked perfectly fine. Giving more and more and more wealth to the rich is hardly solving the economic problems of the United States. Incentive is a flimsy argument that I feel insults the intelligence of the readers here. Stories like the article above are pure propaganda. I'm surprised people are still trying to perpetuate the fairy tale of the entrepreneur, though if you're doing relatively well financially, it may help to quell guilt. It feels bad to exploit other people to prop yourself up. You don't deserve (haven't earned) the wealth you possess. It's an ugly thought, but it's comforting to think that you're serving a greater goal. Falling into the economic abyss with the rest of the working poor seems pretty grim, too. Which is the lesser of two bad situations? I'm not saying you're a bad guy. You apparently believe passionately what you're writing. I believe that you probably have worked hard. I'm saying that others have too and are getting dicked over on a day to day basis. Other countries settle for less high range income and have better health care, education, crime rates, and retirement programs. I don't need the delusion of a Lamborghini to go to work every day. I don't think that Paris Hilton has the ideal lot in life. I'll go because I want a family and a modest life. I'll go because I need to eat, want shelter, good health and the satisfaction of accomplishing things in my profession. The carrot on a stick model is unnecessary, I feel, and is unsustainable. Capitalism is too draining and can't continue forever. We need something better and sustainable. I'm interested to hear your response.
foxyroxy82Jun 15, 2007
The interesting thing is that though they may have had "profitable jobs" they lived in an area that insured them they couldn't get any higher. One of the brothers couldn't even own a home. His wife was forced to work two jobs when all she wanted to do was stay home with their son. Does that sound like the life of "the rich" to start with? I don't think so. And it isn't hard to find people to invest in you if they believe in you. I'm sure they would've had a lot more come in, but because they DO NOT come from wealth in any way, a lot of people were unable to support them financially as they wanted to. Most people do know at least a couple people who are of a higher financial situation than themselves. So if that means that you "already come from wealth" it seems to me that would include a hell of a lot more people. Probably even yourself. These brothers have worked for everything they have. Another interesting point, they STILL have to work their original "profitable jobs" in addition to running their successful business. MMMMM......... sounds like paradise!!!
mfabMar 1, 2009
it's easy to draw conclusions from stories of 0.1% of entreprenuers who made it big - sometimes it's more educational to summarize mistakes of the remaining 99.9% - those who had less luck and favorable cicumstances the comments above are more valuable and helpful then the article itself