OT VAGUELY MONEY SUPPLY OVERLY PERSONAL POST
I have a very poor macro understanding of economics but find the discussion interesting albeit over my head [I'm just a dumb doctor]. The topic of money supply [on a micro personal level] though has been extremely current and relevent, and has been a key factor in my strategy for wealth building.
1. In the past two weeks I have added 7000 shares of globalstar which is backed up by $0 of real money. Combination of lines of credit, plastic, margin and my good name and pretty face.
2. Within the next month I will be opening a new business, a combination holistic healthcare clinic, health supply store, learning center and yoga studio [Loral style health complex, huge individual growth industries synergized for optimal effect]. The business site is three buildings on Pacific Coast Hwy right off the ocean in seal beach. Prime California real estate. Well over half a million dollars is going into this project just to get it open. Less than 1/10th of it is coming out of my pocket. The building owner liked my usage enough to contribute close to $200,000 to build it out. Two doctors and a businesswoman liked my concept plan and threw in another $200,000 to take what amounts to about a cumulative 33% ownership stake. Best yet, an equipment leasing company through some kind of crazy lease back deal, leased me $250,000 worth of equipment and actually gave me $90,000 in cash back as part of the arrangement.
3. I get offers every week to apply for pre-approved credit cards with limits up to $100,000. Bank of America actually called me on the phone unsolicited and then a representative came to my office in between patients in order to give me a $30,000 line of credit if I opened a checking account there. I can't even sign on into AOL without them wanting to give me a credit card too.
So feel free to break down what this all means from a macro economic standpoint. Are we heading for global armaggedon or is this the American dream? To me there is something wrong with the picture. But given the rules I am playing the game to win.
From a personal economic standpoint I have almost unlimited money supply. I control a half million dollar stock portfolio and am creating one of the most ambitious alternative health businesses in Southern Calif. Backing up those assets, when you add what I'm worth and subtract what I owe, well what's left is either my intelligence or my foolishness, we will see.
On the surface my strategy appears super high risk/high reward. But really, the way I analyze it, it is high reward/no risk. If either my investment strategy [wireless and sat com] or business strategy works, I'll be set for life within five years. If both are successful, I will have millions. If it all falls apart, I will have nothing. But that is basically where I'm starting anyway. I am still young and will live to fight another day.
I know this was a long and libertous overly personal post, I leave it up to the board to evaluate if it has relevancy to the discussion. If it is met with contempt or ignored, I will behave myself better in the future and stay on topic.
Renby Cage |
