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Post by traveler on Apr 13, 2007 8:54:01 GMT -5
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Post by daworm on Apr 13, 2007 13:15:09 GMT -5
Buying a far larger home than is necessary or practical tells me that someone doesn't efficiently manage their own money. If they can't do that, how can I expect them to manage their companies money?
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Post by el Gusano on Apr 13, 2007 13:38:43 GMT -5
So, we need to find these secret millionaires who live in homeless shelters to run our companies.
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Post by daworm on Apr 13, 2007 13:45:24 GMT -5
Used to be one that pushed a shopping cart up and down Dayton Pike all the time...
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Post by el Gusano on Apr 13, 2007 16:24:42 GMT -5
That was one of them.
Another one in CA made the news recently. Died a pauper's death, raised her family in poverty after her husband died, and when she died in her 90's, she left her family $14 million. Her family, for the most part, felt they were better off being raised the way they were. Of course, there were a few who were bitter.
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Post by traveler on Apr 13, 2007 16:59:23 GMT -5
There is actually some great wisdom in that. Warren Buffet comes to mind. He has never been flashy and has not lived in an ostentatious manner. As I recall, he still lives in the same house he raised his family in decades ago and while it is large to accomodate a large family, it is not extravagant.
In Chattanooga, Hugh O. Maclellan comes to mind. Now, he lives and raised his family in one of the older stately homes on Lookout and it is a beautiful home but for years he drove the same old Honda up and down the mountain. If you met him on the street you would never guess his wealth but he is highly regarded as a businessman.
The point is, watch out for those who wear their wealth on their sleeve. Actually I say the same about those who wear their religion on their sleeve. Both have ulterior motives.
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Post by el Gusano on Apr 13, 2007 21:15:45 GMT -5
I have to admit, that if I were wealthy, my wife and I would fight over our house. I would want one big enough for us, and she would want one big enough for a family of 12.
But, I would not live extravagantly.
Except for a car. I would have an awesome car. I would buy the Supra in my photo for $80,000. (But not something like a Ferrari or Maserati.)
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