Home Based Busniess, At Home Busniess Opportunities, Start A Internet Home Busniess Ideas
  • How To Start Your Home Busniess
    • Why I created Homebusniess.Com?
  • ADVANTAGES OF A HOME BUSNIESS
  • Online Home Busniess Ideas
  • Home Busniess Ideas
  • Home Busniess Opportunity
  • Profitable Home Busniesses
  • Successful Home Based Busniesses
  • Making Money From A Home Busniess
  • Working From Home
  • How To Start A Busniess Without Any Money
  • Internet Home Busniess
  • Top Online Home Busniess
  • How to get rich once and for all
  • How to be positive in life
  • Start, Run And Grow Your Busniess
  • SEO, Copywriting is to write optimized for SEO content
  • Start Your Own Web Busniess
  • Top Paying keyword suggestions for domain Names, Top Keywords for (SEO) And (PPC)
  • Create Your Own Online Income

True Story: How to spend  $ 10 million Dollars in 10 years

1/16/2015

Comments

 
Throw money out the window I could just as well have called this article How to throw money out the window ... in record time. This true story is pretty pathetic but it is worth telling. It confirms that the money is not happiness, even if it can definitely contribute to it, provided of course that we know the deal. I unearthed in the New York Times archives; this unfortunate history has come to an American family that has hit bottom in 2010, when the article was written and I will summarize here.
I present the Martin family. Without a family history, a husband, a wife and three children. When this article was written the husband lived in a rented house at $ 900 a month waiting for his wife to join him. Yet this is the same man who, ten years earlier (in 1998), had received a call from her bank asking her where to place the $ 10 million representing the share he had received following the sale of the family business founded by his father.

I wonder how many people receive such a call. It should not be much. Most of us also need to dream and think that this is definitely the best thing in the world that could happen to them. In any case it happened to Martin but it seems that they have taken all the bad decisions from that moment ... including:

They have not invested in separate actions and using margin accounts, so at great risk;

They bought several houses they wanted to restore to the tune of several million;

They bought more cars, so an Aston Martin in over $ 300,000;

They led a life of millionaires: Holiday, fur coats, antiques, luxurious weekends, horses (one was costing almost $ 200,000) etc ... It is clear that when you live in a house of millionaires can not Ikea furnish it with style!

To top it all, they lived their experience in the middle of the recession in the US, so that Mr Martin, realizing that his actions were taking southbound and it realizes that the lifestyle of his family could lead them to bankruptcy, managed to find a teaching job in English for $ 14,000 per year. Between you and me it is very commendable, but I do not think that his salary would be enough to keep the lifestyle of the family afloat. Eventually they remained there the option to sell their assets but the majority of it was stuck in the stone (their properties). With the price of houses that collapsed they were never able to find buyers for their palaces to several million dollars. They sold their property in the Adirondacks at a fraction of the price ... The property was sold for $ 1,250,000 while it was on sale at $ 4.9 million. Like what misfortune of one is the happiness of others. This money was used to pay the mortgage on the house as well as $ 53,000 in property taxes-the so-called property. When I think, just the taxes per year of one of their houses cost more than what I have left to pay on my own ...

At least the couple is still together, even if they have obviously passed through extremely difficult times. Ms. Martin herself a job as a substitute in a school for autistic that pays $ 12,000 a year she had to leave to join her husband who, despite everything, it makes more money. They are left with only memories of the past period, and also regrets, regrets having been too spenders, have been poorly or not at all advisable for taking devastating decisions for their finances. I also wonder how the children have experienced this situation, opulence to forfeiture.

What do you think of this story? Frankly without a second thought, if only divides $ 10 million by 40 years, this amounts to the tune of $ 250,000 per year! This amounts to $ 4.807 a week! Of course I want no inflation, I'm just trying to show that $ 10 million is still a huge amount! When you think it took them 10 years to burn everything, what a mess ...

It is a known fact, people who are not prepared psychologically or financially educated and earn a large sum of money suddenly, either by inheritance or lottery, end up mostly went bankrupt a few years later. As against the people who are already financially stable and balanced will handle this much better good blow of fate. Generally they do not change their habits, continue to work in one way or another, they do not intersect the reality around them.

And you, what do you think of this story?

Comments
<<Previous
Forward>>

    RSS Feed

    Categories

    All

HomeBusniess.com, Home Busniess Ideas Profitable Busniess Ideas Internet Based Home Busniess

start your own busniess, start up busniess, start a busniess, starting a small busniess, busniess opportunity, internet busniess, internet based busniess,  home busniess opportunity, free home busniess ideas, free home busniess leads, home busniess website, what is a home based busniess, best internet home busniess, start a home busniess ideas, starting a small home busniess, starting home based busniess, starting an online busniess, start an online busniess, internet based home busniess, own your own busniess, starting a small busniess, home busniess start up, internet busniess ideas, busniess from home, profitable busniess ideas, easy busniess ideas, best small busniess to start, list of busniess ideas, best home based busniess, opening a busniess, home based busniesses, Online Busniess Ideas, Online Web Busniess, Online Internet Busniess, Online Web Busniess, Online Web Based Busniess Ideas, ''Start An Online Busniess'', How To Create An Online Busniess,