I'm Rich

[pyro]

I have a m8 who 2 years ago asked if I wanted to pay him a grand up front and go into a business partnership with him online. I wished him luck and declined. This last year he turned over £250K

Mate friends and money don't mix.

print bank balance statement and post for bragging rights

You what I hate? Guys that print out their balance from the atm and then leave it there so everyone can see how they have £10k or whatever in the bank. ***heads

 

[Roberta]

Yeah, but actual cash is so tacky.

Not to mention germy. Yuck!

 

[pyro]

Nice, what is the most money everybody has seen in cash (obviously it doesn't count in you work in a bank), I once saw £25K in a suitcase

HEADRAT

Around $10k, I had to carry all that in a backpack, from Greece to another country, I am telling you, I have never hang onto a backpack more tight

 

[FeFiDoh]

rofl gutted m8

 

[Sequoia]

I have a m8 who 2 years ago asked if I wanted to pay him a grand up front and go into a business partnership with him online. I wished him luck and declined. This last year he turned over £250K

Maybe, but what was the profit?

For instance, take a look at IBM in 1992. They turned over some $64 billion, which sounds really great until you see the $5 billion LOSS.

Don't be too impressed by turnover figures. Any twerp can turn over huge sums, if he's prepared to take a loss doing it. And, for that matter, sometimes a loss is a good thing, if it's either due to some one-off factor (like takeover costs), or due to aggressive marketing to gain market share which can then be profitably milked, or even for a tax writeoff.

Or, perhaps, you lost out on a good chance to make a mint. You need to know MUCH more about the business to be able to judge.

 

[Von Smallhausen]

I once strutted into Argos and bought a £12.99 watch with a crisp used tenner and 3 pound coins.

Have that Saudi royalty !

 

[AnastieByte]

Maybe, but what was the profit?

For instance, take a look at IBM in 1992. They turned over some $64 billion, which sounds really great until you see the $5 billion LOSS.

Don't be too impressed by turnover figures. Any twerp can turn over huge sums, if he's prepared to take a loss doing it. And, for that matter, sometimes a loss is a good thing, if it's either due to some one-off factor (like takeover costs), or due to aggressive marketing to gain market share which can then be profitably milked, or even for a tax writeoff.

Or, perhaps, you lost out on a good chance to make a mint. You need to know MUCH more about the business to be able to judge.

That was with a £75000 profit for sitting at home and sending orders out that got picked up by a courier. Not bad going and working a short week!

 

[yermum]

I used to work at Wembley stadium / arena. The cash office at the end of the night was filled with sweaty, smelly, filthy cash and we couldn't wait for security to come and get it. Wads of cash always remind me of that awful smell.