Your chosen career / path in life

[backbreaker]

LOL, the enthusiasm of youth.

It all starts at the bottom though and you have to gain some technical skills first in your industry before you are going to secure contracts for your firm by employing graduates. Get a job in your industry and be the sh*tkicker, work your way upto middle management and by your 30s, you can probably start to actually even think about beginning any type of multi million dollar crusade.

Get into investment banking if you want a good (absolutely nowhere near hundreds of millions) salary and to work until you have a stroke. Maybe you can be that 0.0001% that actually ends up making the top dollars, the rest are the lemmings that capitalism has bred, who probably aren't even on a good wage when you take into account the hours they work (let alone the bonus you should recieve for stress and a short life).

i remember the day like it was yesterday, i was 19 years old. we had just gotten our company incorporated like 2 days earlier it was a friday morning. we walked in bank of america and opened up 7 business bank accounts. the guy who was working with us made some snotty comment about how you had to make a 100 deposit to open up an account and i pulled out 700 dollars right then and gave it to him. a

he was like and i will never forgot this, "man why are you wasting all this money on opening bank accounts, do you know how many happy meals i can buy with that".

we had spent about 4 months laying out every detail of our business plan and it required 7 seperate banking accounts as each one served a very specific need, and certain people would have access to some and some would not have access to others, but actually I was the only one who had access to all 7.

He basically laughed us out of the office after he heard our very ambitious plan with no money, no venture capital and no experience, though he happily took our money.

lol that was my business partner and I's inside joke that no one ever got, we would be in a meeting a 2 years later and someone would say that cost like 5, 000 dollars and he would say dude, that's like, 2000 happy meals and i would just start crying laughing. that never got old.

anyway, the day after I sold my company i walked in the same bank,deposited an extremely large check, and had him remove my name on all the accounts as I was no longer apart of the business. The look on his face was priceless. same guy. I had been dealing with someone else as i went to the bank at least 2 times a week for various reasons, we were making 300 grand a month by the time i left **** comes up quite often, and i was dealing with a very sweet lady (who kept trying to hook me up with her friends but no mas) but she was out for the day and i had to deal with him. I wanted to say now what ***** lol? Though by this time I had gained just a tad bit of maturity.


All men who have achieved great things have been great dreamers. From the Cooley dam, to the telephone, to facebook, to my own business, it all started in the exact same place; someone's mind. That's the only place it can start. I will never **** on a man's dreams because a man's dreams is what drives him to become whatever it is he is destined to become. It's through those dreams that we are molded and shaped to the men we were. At 18 years old I was jobless, lazy and anti social with no real skill set besides knowing my way around a computer inside and out, by the time i was 22 through absolutely nothing other than my sheer determination to see my dream come true I had educated myself, I developed a tireless work ethic, I learned how to speak to people, I learned how to manage people and I learned how to sale anything to just about anyone. That dream turned me into the man I am today.

It's not even about if you can or if you can't it's the journey that is truly important I know that is cliche but it's very true. Even if i never made a dime off my business I had earned so much more by learning how to work learning how to pick myself up after being beat down by life and people around me, I had learned that you cant' accomplish anything without failing and to just learn from my mistakes, I learned that I could truly do anything I put my mind to if I wanted to do it bad enough, and most importantly I learned how to truly believe in myself for the first time ever in my life.


As far as the OP.. I truly believe we are all here to do something. That something may be just to be a mother to a son. Sometimes you won't find that something until you are 50. Sometimes you will find that something earlier. Sometimes you will think you have found something but in reality that something is really settling you up for something bigger which I feel was the case for me. Running that business was exactly what I needed to set me up for what I feel I have to do with the rest of my life.

Sometimes that something is job related in my case it is. Sometimes it's not. For instance I truly believe my mother's reason for being her is to be my mother. I could not have asked for more perfect up bringing to be the person I am today. I truly believe I was destined to do great things and I had to have a very specific up bringing to make those certain things happen and to have certain character traits that I possess today. I know a woman quite well who smoked crack for 20 plus years and today has helped hundreds of people turn around their drug addiction. She basically saved my life at one point in time. I believe that was her reason for being here, to help people struggling with addiction and she had to go through what she had to go through to get where she was, to do what she had to do.

When that something is job related, I feel you have to do it regardless of what financial reprcussions that you may face, becuase it's the only way you will ever have true peace and happiness. It really is not about the money. IF you thin kit's about the money you have not lived. And this is coming from someone who frankly has a lot of money. You could emply my bank account tomorrow and as long as I can keep doing what I am doing right now i would be just as happy as would my wife. Give me a good horse race, a cold beer and a nice back rub that's all i need honestly.


I specifically go out of my way not to talk business and money on this forum as that's not why I am here, but I am an extremely idealistic person if you can't tell. Whatever I feel I have to do I' going to do it consequences and financial repercussions be damned. Women actually i have found, find this to be quite sexy about me. I am a very determined person. That's why my wife and I connect on a level that most can't understand it's not about how hot she is and yes she's very hot but she feels and I feel like she is my partner in this **** for the long run. There is no piece of ass at the mall or woman in starbucks that can compete with that.

 

[5string]

I think it's fine. You make your millions, but you need the masses to do so or there is no way you could make your money to begin with. It's fair to expect to be taxed at a high rate, you still live far beyond the average joe and you help contribute back into those who allow you to make your cash.

With respect, you are dead wrong. I'm a self made man and owe the masses nothing. I worked, and work my azz off and you sit here and say I should pay more because I have more? Fvck that! I say you and other socialistic liberals should step it up like I did and stop expecting others to pay for your sorry azz. Your very mindset is what's wrong with the country. You think you and others like you are entitled. You are not. Take care of yourself and expect nothing from others and your government. Then you will be a man with dignity.

 

[backbreaker]

i finished my taxes yesterday actually, and i am in the top percentile in income and i made an effective tax rate of right at 16% after deductions and loop holes.

that check i end up sending to the goverment this time of year every year every time i look at it i say the exact same thing..damn this would by a lot of blow and strippers lol

 

[backbreaker]

Do you have your own tax accountant or do you find these loop holes yourself?

actually mommy does them for me. she's done everyone's taxes as long as I remember and is quite good at it. usually i just promise to take her out to eat when i come down there and i'm good to go.

however now that i think about it every time she does my taxes a few weeks later she calls and asks for some money for some random reason and i usually end up giving it to her so i guess i do pay for it. she will be calling me sometime this week. she knows i can't say no to antyhing related to my sister. damn heathen woman

 

[Gaucho]

With respect, you are dead wrong. I'm a self made man and owe the masses nothing. I worked, and work my azz off and you sit here and say I should pay more because I have more? Fvck that! I say you and other socialistic liberals should step it up like I did and stop expecting others to pay for your sorry azz. Your very mindset is what's wrong with the country. You think you and others like you are entitled. You are not. Take care of yourself and expect nothing from others and your government. Then you will be a man with dignity.

I actually own a hedge fund and I get to see all that is wrong with the world every day, including arrogant people like yourself that think you made your money yourself, without realising it was the system around you, which can easily be overthrown once it becomes disorderly.

Your mindset is very wrong and is what ends up in revolution. I am not saying to tax the rich so high they live at the same standard as everyone else, but in a deleveraging cycle, you can't help but get out of it with some type of transfer. And yes, the US and the world is in a deleveraging cycle (which only happens every 70 odd years throughout history). Perhaps you should read some Ray Dalio to understand basically how an economic system and society works.

And next time, don't assume anything personal because of a view, because your wealth is probably microscopic in comparison to some of the wealth out there and some of those who understand how a system works and how at given points, it needs to be cleaned up. Take a look at the old testiment (don't relate it to religeon, simply take the part of history), every 50 years was called the year of jubliee in those times, look up what that means. Debt is not sustainable and most wealth is created by the excess of credit in a system. Without all those 'little people', nobody has much chance at becoming overly wealthy, so whilst you don't think you rely on them, you actually do.

 

[backbreaker]

honestly, it's not going to hurt me if i had to pay an additional 10% in taxes. i mean i wouldn't like it but i could live with it. in reality that's like one less vacation a year and that's just because i make myself save a certain amount a year if i really did not want it to it would not have any effect on my lifestyle whatsoever.

as long as they don't raise taxes and get rid of deductions i'm fine. they can do one or the other but not both.

 

[Bible_Belt]

the US and the world is in a deleveraging cycle

That is interesting. I can see it in the private sector, but the government seems to keep getting more leveraged all the time. Is the government independent from the cycle? Or is it part of it?

 

[Gaucho]

That is interesting. I can see it in the private sector, but the government seems to keep getting more leveraged all the time. Is the government independent from the cycle? Or is it part of it?

The Government is part of the cycle but has more immediate options than the private sector because the Central Bank is more likely to continue to print money and buy Government debt at auction. It also helps most US debt is denominated in their own currency. There comes a point though, where the Government will have no choice to partake in the deleveraging cycle as is happening in Europe at the moment and this is when inflation expectations will kick in (see the problems restraining QE in the UK). Ends to these cycles can take decades.

The only reason the Government in the US is continuing to try run a deficit, is because they are trying to create momentum in the economy to kick it back above trend growth, before they start the next contraction phase. I.e. they are trying to get the business cycle back towards the expansion phase, which will give them several years (given business cycles normally last several years) to deleverage without causing exponential damage to the economy.

 

[Gaucho]

Because it's an election year.

Definately a factor also.

 

[Gaucho]

Government will have no choice to partake in the deleveraging cycle as is happening in Europe at the moment and this is when inflation expectations will kick in (see the problems restraining QE in the UK).

See the BoE last night, where this problem just really came to the fore and you have a GBP rallying.

 

[5string]

Gaucho

I see your point about the masses. That's true. It's just that I become frustrated sometimes as it seems that the Feds and all other species of government continually attempt to get into my financial knickers. They are always nipping at my heels for more more and more. I'm now taxed at the highest rate. I'm married with no dependents which makes it even worse as I don't have the deductions that others do. When I look at my situation, the wasteful spending of our government and the entitlement mentality of the masses, it quite frankly p!sses me off.

I don't mind paying my fare share, but to be targeted because I am successful is just wrong. That, in and of itself is class warfare. Of course what is considered a "fair share" will differ from one person to the next.

As a caveat. I not only pay a great deal of taxes, I also give a great deal to charity. I am also a believer in safety nets for those less fortunate.

I'm at the point where enough, seems to be enough.

 

[Huffman]

Hell if I know. All my life I wanted to be a computer pro. I've studied for many years and now I'm a highly-paid Software Engineer.

Just now I realize I actually don't want to work in the office. Sucks. I'm gonna take the money for another year and then just disappear to somewhere.

 

[Gaucho]

Gaucho

I see your point about the masses. That's true. It's just that I become frustrated sometimes as it seems that the Feds and all other species of government continually attempt to get into my financial knickers. They are always nipping at my heels for more more and more. I'm now taxed at the highest rate. I'm married with no dependents which makes it even worse as I don't have the deductions that others do. When I look at my situation, the wasteful spending of our government and the entitlement mentality of the masses, it quite frankly p!sses me off.

I don't mind paying my fare share, but to be targeted because I am successful is just wrong. That, in and of itself is class warfare. Of course what is considered a "fair share" will differ from one person to the next.

As a caveat. I not only pay a great deal of taxes, I also give a great deal to charity. I am also a believer in safety nets for those less fortunate.

I'm at the point where enough, seems to be enough.

All fair points.

This is why Government policy is so important, so it is not 'wasted' as such on outright bludgers.