Why Donald Trump is rich and you are not?

Discussion in 'Politics' started by JKWS, 8th Aug, 2015.

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  1. JKWS

    JKWS Well-Known Member

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    JKWS, 8th Aug, 2015
    #1
  2. THX

    THX Well-Known Member

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    No one ever got rich using their own money :D
     
    THX, 8th Aug, 2015
    #2
  3. Ed Barton

    Ed Barton Well-Known Member

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    I'm doing ok, thank you.
     
    Ed Barton, 8th Aug, 2015
    #3
  4. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    I don't find that a particularly inspiring article.
     
    BuyersAgent, 8th Aug, 2015
    #4
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  5. Hanison

    Hanison Well-Known Member

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    doing ok is a fail.

    I came second once.
    Can't even remember what the competition was....
     
    Hanison, 9th Aug, 2015
    #5
  6. Sackie

    Sackie Well-Known Member

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    Basically he's saying what most of us here do -leverage with the banks's money. Let's face it. Without the leverage we use, it's gonna be game over. Or well have to modify our wealth aspirations and how long it will take us. Imagine buying all these properties we do with no leverage? Developments with no leverage? Totally self funded??:rolleyes: For most of us it's game over. Just my opinion.
     
    Last edited: 9th Aug, 2015
    Sackie, 9th Aug, 2015
    #6
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  7. JKWS

    JKWS Well-Known Member

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    It's a state the obvious article, it does show how his rise was so quick in the early days though.

    Banks were throwing money at developers back then (so I've read) and he just so happened to be in one of Americas best areas undergoing gentrification..

    None the less, he is still a massive tool!
     
    JKWS, 9th Aug, 2015
    #7
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  8. Ed Barton

    Ed Barton Well-Known Member

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    Far less vulgar than saying one is filthy rich!
     
    Ed Barton, 9th Aug, 2015
    #8
  9. willair

    willair Well-Known Member Premium Member

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    willair, 9th Aug, 2015
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  10. barnes

    barnes Well-Known Member

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    Not for all. I had never borrowed a cent in my life, only self funded. But who knows what the future holds. Maybe someone will convince me to borrow a bit.
     
    barnes, 9th Aug, 2015
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  11. jaybean

    jaybean Well-Known Member

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    Why do you avoid borrowing?
     
    jaybean, 9th Aug, 2015
    #11
  12. Beelzebub

    Beelzebub Well-Known Member

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    You should go see the bank.
     
    Beelzebub, 9th Aug, 2015
    #12
  13. barnes

    barnes Well-Known Member

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    Because I don't like it. When you are self funded you don't have to worry about anything except market cycle and exchange rate. I don't want to be filthy rich, I'm not greedy. And I always made enough without any borrowing.
    But times are changing and I might not be able to make enough now. My habits may change.
     
    barnes, 9th Aug, 2015
    #13
  14. Sackie

    Sackie Well-Known Member

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    Well done mate. If you can achieve your financial aspirations without OTP then that's great. I know I cant. I wouldn't even get close.
     
    Sackie, 9th Aug, 2015
    #14
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  15. Azazel

    Azazel Well-Known Member

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    Don't mean to pry, but do you mean you saved every cent to buy your 1st property with cash outright?
     
    Azazel, 9th Aug, 2015
    #15
  16. datto

    datto Well-Known Member

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    The article doesn't mention much about how he was born rich.

    The one thing that struck me was that fellas hair. Makes me wanna laugh. Phoney as a two bob watch lol.
     
    datto, 9th Aug, 2015
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  17. TMNT

    TMNT Well-Known Member

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    I like donald trump

    However to me the article left my head scratching

    Its almost like he was saying. The laws are stupid. Exploit them and you never have to pay any bad debts back. Go and do whatever you want and there are little consequences

    Didnt really tell me how to get rich

    Probbaly why im not
     
    TMNT, 9th Aug, 2015
    #17
  18. Sackie

    Sackie Well-Known Member

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    He was born with some hefty money, there's no doubt about that.

    What he has done with that money, his subsequent deals, branding, books etc. That, he was not born with. I think I have read almost everything out there about the guy - he is a brilliant negotiator. Brilliant, imo.

    kudos where its due imo.
     
    Sackie, 9th Aug, 2015
    #18
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  19. JDP1

    JDP1 Well-Known Member

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    Well, Trump says his hair is real...
     
    JDP1, 9th Aug, 2015
    #19
  20. JDP1

    JDP1 Well-Known Member

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    It takes much much more than negotiation skills to be an effective president... And he lacks most of those skills.
     
    JDP1, 9th Aug, 2015
    #20
    barnes likes this.
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