09-20-2005, 10:42 PM
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#16
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Regular User
Join Date: Sep 2004
Location: Just south of Confused
Posts: 7,647
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^
there is a difference between pessimism and realism.
If you werent racing by the time you 5, and discovered before 12 or 13, your chances of driving for an F1 team are slim to none and slim just clocked out.
I believe the quote goes 20% of the people own 80% of the wealth. Leaving the remaining 20% to be split between the remaining 80% of the people. The gap between the rich and poor is getting bigger and cars aren't getting cheaper.
Even my dream cars are going to end up costing me about as much as a Ferrari or Lambo and they are 30+ years old NOW. Granted it's going to take some luck, and a few loans perhaps, but i guess with the right determination, it's possible.
It all boils down to how bad you want it and how hard you are willing to work for it.
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my carbon footprint is bigger than yours
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09-20-2005, 10:45 PM
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#17
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Regular User
Join Date: Feb 2004
Posts: 3,085
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This is a really cool topic -
First a story - My ex's parents invented and produced VASCATH catheters - I believe it was the first "balloon-catheter" on the market - they we're from what I can assess worth $20-25 million... nice amount of cash to have at 55 - actually inspired me to invent a syringe a few years back on my time off - but I lost interest because the market was already saturated, there was huge overhead, and the returns would have been almost not worth it. (Invention "if you can actually find an idea un-patented" is a awesome way to go) - then just get investors- thats what they did.
1.) You never get rich working for someone else - its a safe play sure- but if you want to be rich you've got to take risks.
2.) Always be inventing - this is just my opinion but I think if you're always inventing stuff it will eventually bear-fruit - then it's just about taking the leap one-fine-day
3.) Be open to suggestion/ create situations for possible business deals (talk to friends/fam about your "new great idea" ) these are your most likely investors - unless you can persuade a bank or know rich people.
4.) People who won't help you along the way - aren't worth your time anyway - don't even listen to them.
5.) Dream BIG man - why wouldn't you?
Good Luck
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09-21-2005, 12:08 AM
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#18
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Regular User
Join Date: Apr 2005
Location: Australia
Posts: 223
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In Australia the highest paid engineers are mining engineers. The second highest are materials engineers. So take your pick if your only motivation is money, but as has already been said, save like your life depends on it if you want to get rich.
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09-21-2005, 12:57 AM
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#19
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Regular User
Join Date: Jun 2005
Posts: 21
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the main reason i'm doing mechanical engineering is I really want to apply it to cars but maybe just maybe apply it to racing. From what everyone tells me accountants,lawyers, financial anylists, and engineers make the most cash and i know engineering will be the only i'll like maybe acounting. Thanks for all the imput, maybe i should kill myself and in college and try a double major.
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09-21-2005, 01:42 AM
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#20
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Regular User
Join Date: Jul 2004
Location: Minnesota
Posts: 57
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Surgeons, pilots, and dentists make good money. You could also consider a career in sales. I like how you guys are getting sociologcial; I'm waiting for someone to quote Karl Marx.
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09-21-2005, 03:11 AM
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#21
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Regular User
Join Date: May 2004
Posts: 1,744
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Also, some really good reading i believe for perspective on business, and thinking outside the square is all of Robert Kiyosaki's stuff.. Most notably "Cashflow Quadrant". This book literally empowered me to make some different decisions regarding the direction of my life and i havn't gone back. I'd recommend it to anyone :fadein:
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09-21-2005, 04:25 AM
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#22
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Regular User
Join Date: Apr 2005
Location: Australia
Posts: 223
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If you are very, very smart and do very well in Mech engineering then there is the possibility to work in motorsport. Quite often the good engineers are scarcer than good drivers, hence the good ones get paid a lot of money. If you decide to go down that route then a double in something like materials or aero may help you. But more importantly get involved in FSAE, this will give you experience in designeing and building race cars.
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09-21-2005, 05:07 AM
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#23
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Regular User
Join Date: Apr 2005
Location: Australia
Posts: 223
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Originally Posted by dani_d_mas
Buy a lotto ticket... and mark these numbers: 4, 8, 15, 16, 23, 42  8)
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...if all you care about is the nice car
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09-21-2005, 10:10 AM
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#24
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Regular User
Join Date: Aug 2004
Location: London
Posts: 1,204
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Go long oil futures.
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Some people become so rich they lose all respect for humanity. That's how rich i want to be.
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09-21-2005, 04:34 PM
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#25
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Regular User
Join Date: Jan 2004
Location: Russian living in Prague
Posts: 7,543
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Originally Posted by dani_d_mas
Buy a lotto ticket... and mark these numbers: 4, 8, 15, 16, 23, 42  8)
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I'll try that  Thanx Dani
__________________

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"...free your mind and the body will follow..." - THE MATRIX
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09-21-2005, 04:50 PM
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#26
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Regular User
Join Date: Jan 2004
Location: Rotterdam, Holland, EU
Posts: 3,767
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become an air traffic controller. in holland, they pay for u entire education, 2-3 years, if u work hard a year and a half. they pay for travel expences, even up to your pens and pencils. Then, you have a job guarantee, with a STARTING salary for 50000euros per year, and over the years (this might take awhile though) it can grow up to 120k per year. Now if you dont spend all that money immediately but invest it and maybe buy shares with it, you can make quite a fortune
sadly im not interested in the job, but if i fail at everything that i am interested in, thats what im gonna do 8)
slight catch, in holland, you wont be allowed to keep a big lot of the money you earn  taxes and more of that kinda stuff
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09-21-2005, 05:22 PM
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#27
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Regular User
Join Date: Jul 2003
Location: London
Posts: 3,381
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Humm, well I may as well throw in my 2c.
If you go into a profession such as law, then in order to make it big you need a lot more going for you than you average person (you can bumble along earnign a decent salary without the below; I am talking the very top). This is the same for all the professions I have experience of. You will need pretty much the highest grades you can muster at all levels. I still had to declare my GCSEs when I got my job...I still got quizzed over a B grade.."why did you not do well there e.t.c" -(hint: a question such as that is usually trying to see if you can analyse you own performance)-. These days though every tom dick and harry has a string of A grades and a 1st for a red brick Uni, so you need to set yourself appart from the rest through what you do in your spare time. Do something connected to what you want to do. You will also need to be good at small talk mixed with a bit of luck!
So you have got all the grades, job is lined up what next? In the city (London) most people set aside 10 years to work their absoute arse off. 80 hours a week is the norm. People who sustain more than that are missing a screw! By the end of the 10 years though, you will have sold your soul but made a mint.....time to enjoy the money...(which you saved, as you had no time to spend it in the last 10 years).
Most people I know continue in the same area, but move out to a regional firm/company. If you like the pace of life, then stay in the 'city' and become a partner of a firm and earn well over £1,000,000 before any bonus.
What if that life is not for you? Well some of the richest yet youngest clients I have dealt with were in property development. They left school at 16, borrowed enough money to get a shitty little house in the middle of a run down area, did it up and sold on. By the time I got to them (Bear in mind I am the same age as some) they were on their second or 3rd million. However, the % that make it is small.
Overall, take any opportunities that come your way, pray for a bit of luck and stay determined.
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09-21-2005, 06:55 PM
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#28
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Regular User
Join Date: Jan 2004
Location: Russian living in Prague
Posts: 7,543
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Originally Posted by dani_d_mas
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Originally Posted by ARMAN
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Originally Posted by dani_d_mas
Buy a lotto ticket... and mark these numbers: 4, 8, 15, 16, 23, 42  8)
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I'll try that  Thanx Dani 
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Don't come to Barcelona then... 
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Dint worry Dani, 50/50  - me Ferrari you Ferrari
Sorry for OT  ops:
__________________

.................................................. .............................
"...free your mind and the body will follow..." - THE MATRIX
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09-21-2005, 09:15 PM
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#29
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Regular User
Join Date: Oct 2003
Location: Hellaware USA
Posts: 3,865
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Thats a good way to go broke if you stay in for any length of time, read any of our previous discussions.
Im currently considering investment either in commercial real estate or a developing country. Both high margin high risk investments..
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Common Sense- so rare it's a super power.
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09-21-2005, 09:30 PM
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#30
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Regular User
Join Date: Aug 2004
Location: London
Posts: 1,204
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Originally Posted by graywolf624
Thats a good way to go broke if you stay in for any length of time, read any of our previous discussions.
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Broke?? Right... I work in the industry so i do actually actually know what im talking about... Seriously. I'd go long oil.
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Some people become so rich they lose all respect for humanity. That's how rich i want to be.
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