Range Rover Sport

Dr House · 5 May 2011 at 16:00

gurdas said:
So what's the solution? Buy a plasma tv, stick with the 9-5 and stay broke? :d

funny thing is this is what my dad wants me to do, he wants me to work in all day in the hospital and bust my balls for a fixed income of around 2.5k after tax, err no thanks :rolleyes:

Only my wife understands my desire to make money and do something other then the normal 9 to 5. Its not even the money but its the buzz of making the money that I enjoy.

ironman · 5 May 2011 at 16:01

DM said:
Not at all but it is easier taking a gamble with family money behind you, i dont care what anyone says.

I'm not talking about taking high risks, I'm talking about doing something other than just the norm.

Hurf, I'm not belittling people's achievements, to be honest most people never actually achieve and all they do is struggle without taking some sort of action.

Dr House · 5 May 2011 at 16:03

DM said:
but when i was starting i was ruthless mate, i didnt give a toss what i did or to who.

Thats one thing I have never managed to do, I can honestly stay I have never screwed anyone over, I have always been fair with people that I have done business with and my staff.

But then you can see I have not done as well as many of my friends.

hurfdurf · 5 May 2011 at 16:06

gurdas said:
Hurf, I'm not belittling people's achievements, to be honest most people never actually achieve and all they do is struggle without taking some sort of action.

It appears to me that you are grossly underestimating what having family money can do as far as a safety net and the risks you can take.

Someone with nothing working 9-5 takes a risk, they are liable to lose their home and not be able to put food on their table, never mind their kids and wife at home if they have that on the go. A lot of people leave home in this situation and simply cannot do anything other than the norm because they have to survive and risking everything would mean having nothing.

niftyfifty · 5 May 2011 at 16:09

If you feel guilt you will fail at business.

How well would I be at my business if I thought of all the homeless people who could live in the houses I build and sell just to profit on ?

DM · 5 May 2011 at 16:09

gurdas said:
I'm not talking about taking high risks, I'm talking about doing something other than just the norm.

Hurf, I'm not belittling people's achievements, to be honest most people never actually achieve and all they do is struggle without taking some sort of action.

Ok here is a scenario.

Mr Smith is 30, he has saved up 150k to invest in his business, he has a reasonable 30k a year job.

Having weighed it all up hes now realised he cant run his business as a side line and keep the job, so it means leaving behind his 30k a year safety net.

Bear in mind hes got 10 years left on his mortgage a car on the drip and 2 kids.

Is his decision not made easier when his dads holding a couple of mil, so if all goes wrong he aint going to be made homeless?

Now thats not a big risk, thats just the risk most people starting in business take only without the family behind them, its not as easy as you say it.

If i had not worked for me from day 1 doing whatever i dont know if id have taken that risk, because my mum and dad had **** all to give me.

DM · 5 May 2011 at 16:11

niftyfifty said:
If you feel guilt you will fail at business.

How well would I be at my business if I thought of all the homeless people who could live in the houses I build and sell just to profit on ?

Thats not true, you can mellow with time and still crack on, you dont need to be Hitler to succeed.

niftyfifty · 5 May 2011 at 16:15

Well true, i do lots of charity stuff but only because it eases my guilt. But i have no reservations on things such as not taking pity on renters.

We had a case in the BTL days of the renter not having any cash due to needing to pay for private healthcare for their child, it was one of the most horrible experiences of my life to have to stand firm and boot them out and not put them up for free. But if i had, id have a reputation for it and i wouldnt make any money at all.

[TW]Fox · 5 May 2011 at 16:16

Lots of people would tightrope walk the grand canyon if there was a net underneath to catch them. They might never need it - if they get to the other side without falling they didnt need the net - but the net still helped them do it, subconciously, as they'd never have done it without it.

This is the effect family money can have on your attitude to financial risk.

Even if your parents dont give you a penny, the fact they COULD if it went wrong is a MAJOR factor which many like to play down or don't fully appreciate.

DM · 5 May 2011 at 16:18

niftyfifty said:
Well true, i do lots of charity stuff but only because it eases my guilt. But i have no reservations on things such as not taking pity on renters.

We had a case in the BTL days of the renter not having any cash due to needing to pay for private healthcare for their child, it was one of the most horrible experiences of my life to have to stand firm and boot them out and not put them up for free. But if i had, id have a reputation for it and i wouldnt make any money at all.

Well now i wouldnt have done that, id have given them a break, that is an exceptional circumstance.

[TR]SweetSpotOz · 5 May 2011 at 16:18

niftyfifty said:
If you feel guilt you will fail at business.

How well would I be at my business if I thought of all the homeless people who could live in the houses I build and sell just to profit on ?

For me, it comes down to how much you value:

1) Your time (+family?)
2) Your sense of moral justness
3) Your appetite for risk
4) Being rich

There is an intricate balance in there and it's an individual thing and obviously that's by no means an exhaustive list. Now a quick glance of this thread would suggest you (niftyfifty) place nearly all of your value on 4; but an internet persona is never the full picture so I'll resist the full pyschological appraisal

. But it appears that you value money much higher than you value doing the "right" thing - bribery for example - but these things change with time and circumstance.

Few people can really have it all.

Skidder · 5 May 2011 at 16:29

niftyfifty said:
If you feel guilt you will fail at business.

How well would I be at my business if I thought of all the homeless people who could live in the houses I build and sell just to profit on ?

that implies that to succeed you need to have something to feel guilty about. My business sells a service people need, they pay us for it, I provide it - no need for guilt.

The facts that you sell houses and some people can not afford houses, have very little to connect them. I wouldn't lose sleep over that.

Dr House · 5 May 2011 at 16:30

niftyfifty said:
If you feel guilt you will fail at business.

How well would I be at my business if I thought of all the homeless people who could live in the houses I build and sell just to profit on ?

No you see it is not reasonable to expect you to house homeless people and you are not doing anything wrong by making money out of property and refusing to house people even if your homes are empty waiting for development for 10 years.

what is wrong is conning a granny to sell your her home for 200k when you know its worth 1m. However if some guy is going to get his finger cut off by the mob and wants to sell you his 50k for 10k because you have cash on the spot there is nothing wrong with that because you are not doing anything immoral.

I lost one of my businesses back when the market crashed (2007/2008) along with a lot of staff but non of them hate me because I had always been as fair as possible.

I have a strong set of morels, I am not a religious man but I generally try and behave in a fair manner and treat people the way I would like to be treated.

DM · 5 May 2011 at 16:32

Dr House said:
No you see it is not reasonable to expect you to house homeless people and you are not doing anything wrong by making money out of property and refusing to house people even if your homes are empty waiting for development for 10 years.

what is wrong is conning a granny to sell your her home for 200k when you know its worth 1m. However if some guy is going to get his finger cut off by the mob and wants to sell you his 50k for 10k because you have cash on the spot there is nothing wrong with that because you are not doing anything immoral.

I lost one of my businesses back when the market crashed (2007/2008) along with a lot of staff but non of them hate me because I had always been as fair as possible.

I have a strong set of morels, I am not a religious man but I generally try and behave in a fair manner and treat people the way I would like to be treated.

Well said especially the bit about the desperate man needing quick cash, that has always been an excellent stream of revenue for us.

Morba · 5 May 2011 at 16:32

niftyfifty said:
If you feel guilt you will fail at business.

How well would I be at my business if I thought of all the homeless people who could live in the houses I build and sell just to profit on ?

niftyfifty said:
Well true, i do lots of charity stuff but only because it eases my guilt.

That was a fast turn around!

niftyfifty · 5 May 2011 at 16:32

DM said:
Well now i wouldnt have done that, id have given them a break, that is an exceptional circumstance.

We already had for 3 months, but people were starting to talk about it and some other renters had the attitude that "if they aint paying, we arent" so it had to be done. No idea how the others found out, TBH I even wonder if their child needed it or not!

niftyfifty · 5 May 2011 at 16:35

DM said:
Well said especially the bit about the desperate man needing quick cash, that has always been an excellent stream of revenue for us.

It has its advantages and disadvantages.

On the one hand, matey who owns a 996 TT worth £30k selling to you because he knows you have money for £15k to pay off his coke dealer is great, but local crims knowing you have an RS4 tucked away in a lockup because they know you have money is not good at all! Thank god for technology

niftyfifty · 5 May 2011 at 16:37

markyp23 said:
For me, it comes down to how much you value:

1) Your time (+family?)
2) Your sense of moral justness
3) Your appetite for risk
4) Being rich

There is an intricate balance in there and it's an individual thing and obviously that's by no means an exhaustive list. Now a quick glance of this thread would suggest you (niftyfifty) place nearly all of your value on 4; but an internet persona is never the full picture so I'll resist the full pyschological appraisal . But it appears that you value money much higher than you value doing the "right" thing - bribery for example - but these things change with time and circumstance.

Few people can really have it all.

I hate bribery but when a councillor turns around and tells me im ****** unless i treat him to a few days away when im halfway through my build stage, I dont really have much choice do I.

If I did the right thing I would be homeless its that simple.

DM · 5 May 2011 at 16:39

niftyfifty said:
We already had for 3 months, but people were starting to talk about it and some other renters had the attitude that "if they aint paying, we arent" so it had to be done. No idea how the others found out, TBH I even wonder if their child needed it or not!

Im just not getting that, i wouldnt give a **** who was saying what non payers are non payers and leave, that was an exceptional circumstance, you must have been renting in some ropey areas for that to be a problem.

DM · 5 May 2011 at 16:40

niftyfifty said:
It has its advantages and disadvantages.

On the one hand, matey who owns a 996 TT worth £30k selling to you because he knows you have money for £15k to pay off his coke dealer is great, but local crims knowing you have an RS4 tucked away in a lockup because they know you have money is not good at all! Thank god for technology

And im not seeing that problem either to be honest.