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re: Oh yeah, nothing like Chef Ramsay shutting down an actual

Posted on 6/19/10 at 11:20 am to
Posted by Martini
Near Athens
Member since Mar 2005
49661 posts
Posted on 6/19/10 at 11:20 am to
quote:

I have developer clients who were making money hand over fist and I warned them to do asset protection planning. They did not. Kept pouring it back into the biz and/or spending like it would last forever.


I pour back in what I need to, carry no debt and pull out as much as I can and don't spend like it last forever because I remember the last real recession in the mid 80's and was always told to save for a rainy day. I do. And I'll survive. Ramsey hasn't. He might survive, he might not but one thing is for certain. He's working much more than he wanted to in order to give it to someone else rather than himself.

And since it's the food board I don't care for his food either. But that's just me.
Posted by Tigertown in ATL
Georgia foothills
Member since Sep 2009
30323 posts
Posted on 6/19/10 at 11:31 am to
quote:

I pour back in what I need to, carry no debt and pull out as much as I can and don't spend like it last forever


Well done. And as you build up outside the biz, there are solid legit and legal ways to protect it.

quote:

I don't care for his food either.


I've never tried it.
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