Thread: Money How broke are you?
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Old 06-17-2016, 08:51 AM   #543
Amnorix Amnorix is offline
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Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
Quote:
Originally Posted by scho63 View Post
Would you rather die with $10,000,000 in the assets you can't take with you or die with $10,000,000 in debt that no one can ever collect from you?

I've lived a life of extremes

HIGH SIDE: flying business class 17 times to Hong Kong and Beijing for business, riding in limousines, flying in helicopters several times, owning a brand new Jaguar in 1986 at 23 years old, having $5,000 cash in my pocket all the time when I was in my early twenties, tons of hot escorts, eating and drinking at great restaurants, buying 5 houses in 1983 for rental properties, having a net worth of $8,000,000-$12,000,000 in 1999 during the dot com bubble, taking a 11 week vacation in 1987 to Fiji, New Zealand, Australia for a month, Barbados, Rio De Janiero 2 weeks, Cayman Islands, visiting 38 countries in my life

LOW SIDE: working for over 11 companies that didn't make it as startups or young businesses where I lost my job, selling all my belongings to have money for food and shelter in San Fran after a business collapse, sleeping in my for for 4 months, having a business I invested a lot of money and time into collapse after 5 years because a partner and his wife were secret crack and heroin addicts, losing my $25,000 deposit from a brand new home in Scottsdale's Pinnacle Canyon neighborhood because I took the money they gave me back and invested in Lucent on margin and it went to $6 from $45, working for 2 years for a startup at $20,000 a year in the DC area, having a crazy ex-girlfriend cost you $20,000 when you are just getting back in financial shape.

IT'S BEEN A CRAZY RIDE!!!

This is the anti-Amnorix. I'm a plodder. Slow buildup of wealth. A definitely lack of crazy excitement. Riding on the edge and holding on to the life isn't for me.

What you describe as your life is basically my worst nightmare. And mine is probably yours.

Oh, and to answer your question -- die with $10 million, because my retirement years and last few years will definitely be a helluva lot better if I have a mountain of cash, not a mountain of debt!
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