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Offline AshSimmonds

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Yes I agree but to do what they do I would have to risk a lot of what I have and that's where I differ from them.........in part.

If you have $40m and risk $39m and it goes to shit, you're still a millionaire.

Nowadays I see more value in minimalising needs rather than maximising desires. Anything beyond what it takes to get by is pure gravy.




Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

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It's called the opposite of glucose dependence.
http://www.ncbi.nlm.nih.gov/pubmed/17011713

I've noticed that, but not often enough :rolleyes:

It's been pointed out to me that for ever Clive Palmer there a thousand who put it all on the line and lost, I forgotten that, but I think you need to forget it to do what he did.

A woman I know in the US's father who is 90 made most of his money between 75 and 85 from cattle and oil  :scratchchin:



Offline mondi

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If you have $40m and risk $39m and it goes to shit, you're still a millionaire.

Nowadays I see more value in minimalising needs rather than maximising desires. Anything beyond what it takes to get by is pure gravy.


The Minimalist Lifestyle - subscribed!





Offline dodger

  • Tommy Gunna

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  • Location: Melbourne

The Minimalist Lifestyle - subscribed!

I'm getting there......but not without a fight.



Offline 360c

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It's not a "complete lack of fear" which suggests throwing caution to the winds and betting the farm on a roll of the dice.
I saw the TV program as well and it's the impression it gave the viewer.
The reality IMO is different. They might not fear betting the farm on a deal; but it will be anything but a roll of the dice. They will have done the research to the point where the result is almost a given. It's a calculated decision with the risk minimized as much as possible.

My observation of successful people is they are all very intelligent, almost all are well educated, and they have a willingness to take on risk.  They are all highly driven and motivated.
My observation of the average man in the street (I have employed hundreds over the years) is they differ from the wealthy in 2 main ways. Intelligence and almost complete aversion to risk, sometimes only one of these; but often a combination of both. The average man in the street lives from pay packet to pay packet whilst trying to keep a roof over the families head and food on the table. This makes them risk adverse as they can't risk that weekly pay packet. You have to be driven to break out of that cycle.

If you are lucky enough to be blessed with intelligence you're half way there. That's the one thing that is out of everyone's control. The rest can come if you want it badly enough.




Offline amgsl55

  • Tooth hurty

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I've noticed that, but not often enough :rolleyes:

It's been pointed out to me that for ever Clive Palmer there a thousand who put it all on the line and lost, I forgotten that, but I think you need to forget it to do what he did.


Losing the lot is not so tough when you are young, you have time to make it up.  I tend make a lot less risks these days than I did when I was younger.  Now it's time for calculated risks which preserve wealth created and allow for decent growth.



Offline amgsl55

  • Tooth hurty

  • Joined: Feb 2011

  • Location: Adelaide
If you have $40m and risk $39m and it goes to shit, you're still a millionaire.

Nowadays I see more value in minimalising needs rather than maximising desires. Anything beyond what it takes to get by is pure gravy.

I like the gravy  :D



Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

  • Location: Melbourne
I like the gravy  :D

Once you've had the gravy you'll always want the gravy...............



Offline amgsl55

  • Tooth hurty

  • Joined: Feb 2011

  • Location: Adelaide
Once you've had the gravy you'll always want the gravy...............

the gravy is reward for hard work and sacrifices taken in the journey



Offline AshSimmonds

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  • Joined: Feb 2006

  • Drives: GF's shitbox :(
  • Location: Adelayed
  • Name: Humble Narrator
  • www: AshSimmonds.com
Once you've had the gravy you'll always want the gravy...............

Kinda the point. Minimise everything else, then most of what you got is gravy.




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