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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (50994)	6/16/2004 9:35:44 AM
From: Joe S Pack	Read Replies (1) \| Respond to of 74559

Elmo, Your recipe is a disaster for the Green$crook and his Wall Street gangs. Imagine what US politiCons will be doing without borrowing trillions of dollars. Do you think J6P can afford to have this kind of life style and the current economic recovery? Man, your a personal financial terrorist as for US is concerned. Don't advice this to J6P and their Shepherds. And don't come to US with that kind of attitude. You are banned! -Nat "I would like to buy this TV, and I will pay you so and so much" and pulled the wad of money from my jacket's pocket. "Car is parked, at your front door and ready to take if you've got it on stock" He looked the money and said: "I can't decide on that and I don't think the manager would agree." I said: "In 15 min I will get a ticket parking there. See what he can do because I will be forced to move my car" The guy went inside came back, and said he'd take a % off, "Can't pay more. That's the only money I have for the TV" "Why don't buy I 14inch? "No I want a 21 inch" (21 inch was a big one those days, well in Brazil at least.) The guy went inside, came back and sold me the TV for the price I told him to sell to me. I never owed money to anyone. I divorced. Got nothing. Re-started from ZERO. Only two suitcases. Worked and saved and 8 and a half years I bought everything that I had before and still have one-year income in the bank. It was nice to say to the guy (in 1991 when I went back to Brazil): I will buy this flat for so much. Pay cash in US Dollars. There must be a culture of having money. Having money is good.

To: elmatador who wrote (50994)	6/16/2004 11:13:56 AM
From: AC Flyer	Respond to of 74559

>>I decided that 5 months salary in the bank was OK. I started saving money until I had those 5 months for the rainy days. I told my working colleagues. Pretty soon guys who earned 2 or three times my salary and a higher per diem were trying to borrow money from me!!!!......I never owed money to anyone. I divorced. Got nothing. Re-started from ZERO. Only two suitcases. Worked and saved and 8 and a half years I bought everything that I had before and still have one-year income in the bank.<< elmat, I admire you for this. You are self-reliant. People like you are increasingly scarce in the US. Hell, if SI is an indicator, the immigrants here are the only people who understand capitalism. I came to the US in 1983 with two suitcases and $300 in my pocket, which was the net proceeds of liquidating everything that I owned in the UK after buying my plane ticket. I've had plenty of ups and downs but twenty years later I have a seven figure net worth and am providing employment to people who were born here. I am under no illusions about this. I'm just a little guy (there are no big guys on SI - the big guys don't waste their time in bulletin board jousts with anonymous strangers) - but my life here has been entirely a product of my own efforts and so much different to its likely trajectory in the UK.