Why Donald Trump is rich and you are not?

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

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  1. Ed Barton

    Ed Barton Well-Known Member

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    He went for a haircut yesterday. Dropped it in at 11, picked it up at 2.
     
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  2. Sackie

    Sackie Well-Known Member

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    Never said anything about president.
     
  3. CU@THETOP

    CU@THETOP Well-Known Member

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    I would be reluctant to enter a business transaction which he was involved in on the strength of that article.
     
  4. Steven Ryan

    Steven Ryan Well-Known Member

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    Anyone know whether he has actually made a cent from his books? I had read that he's in the red on the lot of them but didn't verify the source.
     
  5. barnes

    barnes Well-Known Member

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    Yep, but that was a long time ago. My first property was less than my year's salary. It was easy.
     
  6. Azazel

    Azazel Well-Known Member

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    Ah, Ok. Was that PPOR or IP? Regional I'm guessing?
     
  7. Chilliblue

    Chilliblue Well-Known Member

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    And his wives
     
  8. Sackie

    Sackie Well-Known Member

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    Assuming he hasn't made 1 cent from his books, I'd be happy with the buildings below, not to mention the revenue he makes from his branding.


    Exterior_Pool_TND.jpg

    untitled.png

    images.jpg
    DONALD_TRUMP_BUILDING_600.jpg
    trump-doral.jpg
     
  9. barnes

    barnes Well-Known Member

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    PPOR, no not regional, but overseas.
     
  10. sammmeee

    sammmeee Well-Known Member

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    “Out of hundreds of deals & transactions, I have used the bankruptcy laws a few times to make deals better,”
    my dad went bankrupt absolutely horrendous... the aussie banks wont be quick to lend their money to him even after his exile period. god help the world if trump becomes president
     
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  11. Azazel

    Azazel Well-Known Member

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    Bankruptcy is a lot different in the US.
    Same with foreclosure, the banks can't pursue them I don't think.
    But I agree, Trump is dodgy as, can you imagine it.
     
  12. Redwing

    Redwing Well-Known Member

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    Like Kiyosaki, Donald Trump has never filed personal bankruptcy.

    Though several corporations that the Donald was 'associated with' have filed corporate bankruptcy. Apparently he personally guaranteed some of the corporate debt in the first corporate bankruptcy, but none in the other three.

    Trump proves that there is life after bankruptcy (in the US anyhow).
     
  13. See Change

    See Change Well-Known Member

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    The most scariest thing is that these are the morals of the leading candidate for the Republican Party .....

    We don't like Iran , let nukes and then we can clean up the mess later .

    China's building their economy using our money , now how will I handle them ....

    Scary stuff

    Cliff
     
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  14. 380

    380 Well-Known Member

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    Starting off with $5m + project i n 1960s is a biggest advantage that most of us here don't have...that's one reason.

    Being flamboyant, staying in a game in ups and downs, are some of the reason he is rich.

    I think it all comes down to skills, streatgy, and mindset.
     
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  15. Chilliblue

    Chilliblue Well-Known Member

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    What is even scarier is that he may get the votes to keep going on the election process.
     
  16. Azazel

    Azazel Well-Known Member

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    Of course, that's what I mean by bankruptcy works differently in the US, people are able to use it as a strategy.
     
  17. Chilliblue

    Chilliblue Well-Known Member

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    Same in Australia. Certain prominent names come to mind.
     
  18. mcarthur

    mcarthur Well-Known Member

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    I haven't read anything in detail about him - what makes his negotiation good/work?
     
  19. Sackie

    Sackie Well-Known Member

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    Not sure he has the monopoly of the negotiation ideas/tactics themselves, but he gives examples how to possibly use some different tactics. Of course nothing will work all the time but starting off with a tactical approach on each deal with the right mindset to follow has got to be better than running into it like a headless chook. From my experience, they do work now and again but more important than that it gives you an action plan from beginning to end and also minimises emotional responses to REA/agents. Negotiating over the years has saved me a lot of money, that's for sure.
     
  20. Mombius Hibachi

    Mombius Hibachi Well-Known Member

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    Why? Warren Buffett leveraged OPM without borrowing a cent.