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Started By
Message
Posted on 5/28/12 at 8:42 am to 4LSU2
quote:
I do not pity anyone that is making 35k a month and is broke. There is absolutely no sense whatsoever in this.
This is 4.2M a year. To put this into perspective, a person making 100k a year has to work 42 years to make what he makes in a single 12 month period.
Posted on 5/28/12 at 8:44 am to Suntiger
quote:
Chapter 11 is a reorganization, not like a Chapter 7 where you don't have enough assets to pay your debts. The bankruptcy trustee will likely make him sell some of his cars or give them back and put some payments towards his mortgages. It'll mess up his credit a little, but it stops any foreclosures and lawsuits and will help negotiate lower payouts.
I totally forgot to address this point. He's clearly not broke, and is finally taking the measures to prevent himself from going broke. So SOMEONE got to him and was like, "Dude, you're heading down a path that you don't want to be on. Slow your shite down."
But my point still stands on HOW he got to that point.
Again, you don't see guys from middle class backgrounds going over the top and buying 10 cars when they make it big. Why? Because they don't have to over compensate for not having anything for so long.
Posted on 5/28/12 at 8:46 am to Sophandros
quote:
Again, you don't see guys from middle class backgrounds going over the top and buying 10 cars when they make it big.
andrew bynum fuuuuuuuuuuuuuuuuuuuuuuuucked
Posted on 5/28/12 at 8:46 am to Sophandros
quote:
because often people from the more poor backgrounds tend to over compensate for where they came from
Got to impress white women
Posted on 5/28/12 at 8:47 am to Rocket
The white women I know are impressed by financial acumen.
And a big dick.
ETA: But I went to Tulane and know a lot of JAPs...
And a big dick.
ETA: But I went to Tulane and know a lot of JAPs...
This post was edited on 5/28/12 at 8:50 am
Posted on 5/28/12 at 8:51 am to Sophandros
quote:
The white women I know are impressed by financial acumen.
And a big dick.
That's why they are more likely to date inside their race
Posted on 5/28/12 at 9:22 am to 4LSU2
quote:
I do not pity anyone that is making 35k a month and is broke. There is absolutely no sense whatsoever in this.
This is 4.2M a year. To put this into perspective, a person making 100k a year has to work 42 years to make what he makes in a single 12 month period.
People in glass houses shouldn't throw stones bud
Posted on 5/28/12 at 9:47 am to Sophandros
quote:
This is understandable, because often people from the more poor backgrounds tend to over compensate for where they came from. They also don't have the sort of support network around them who can help steer them towards the right sort of investments.
well it's also likely that these people who win coming from these backgrounds are not of high intelligence
quote:
I know it's shocking, but poor people don't know how to manage money...
that's usually a big reasonw hy they're poor
Posted on 5/28/12 at 9:48 am to 4LSU2
quote:
I do not pity anyone that is making 35k a month and is broke. There is absolutely no sense whatsoever in this.
This is 4.2M a year.
D
E
R
P
35,000
X 12
_______
420,000
This post was edited on 5/28/12 at 10:01 am
Posted on 5/28/12 at 9:53 am to 4LSU2
I give you credit for coming back into the thread
Posted on 5/28/12 at 10:06 am to Sophandros
quote:
So no, it's not an excuse. It's an explanation. It's why there needs to be more than just the rookie symposium. It's why coaches and other mentor figures need to impress certain values on these guys at younger ages, so that they can break the cycle.
their own choices break the cycle. that's the only thing that can do it
Posted on 5/28/12 at 10:16 am to SlowFlowPro
At least he's taking action before he fricks himself Jamarcus style
Posted on 5/28/12 at 10:25 am to Tiger1242
quote:
At least he's taking action before he fricks himself Jamarcus style
huh?
JR filed bankruptcy?
Posted on 5/28/12 at 10:56 am to lsu31always
quote:
Hey, at least they are better than 4lsu2's
yea i don't know what in the frick he is thinking
Posted on 5/28/12 at 11:04 am to Unbiased Bama Fan
I'll never understand how this happens
Posted on 5/28/12 at 11:11 am to 4LSU2
quote:
I do not pity anyone that is making 35k a month and is broke. There is absolutely no sense whatsoever in this. This is 4.2M a year. To put this into perspective, a person making 100k a year has to work 42 years to make what he makes in a single 12 month period.
Math isn't your strong point is it?
Posted on 5/28/12 at 11:12 am to KingRanch
quote:
I'll never understand how this happens
when you make like $30-40M and invest in a few businesses, and own a couple 7-figure houses, it is pretty easy
typically the guys who lose money in the 8-9 figure range have a laundry list of failed businesses
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