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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (25471)	11/29/2004 2:37:18 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

There are actually people wacky enough to let you touch their money? . . . That's just sad. Apparently anything is possible.

To: GraceZ who wrote (25471)	11/30/2004 5:40:19 AM
From: Amy J	Read Replies (2) \| Respond to of 306849

RE: "Why? You say" I really enjoy reading your posts. Should probably mention (if I haven't already), that I started a company a few years ago so am quite familiar with basic valuations of businesses. One thing your post neglected to mention though, the static for business failures for all of American businesses is as high as 50% (all sectors) within the first 2 years of their operations. Said another way, 50% of all of America's businesses will go out of business in the first two years, based upon a study in the 80s. During school, I worked at an SBA where we helped business owners launch their companies & gain govt contracts, one of our goals was to help change this rate by our intervention during their first 2 years. Specific to only high-tech, only 2 out of 10 startups that will make it. (These stats are probably a lot worse now after the bust, maybe 1/2 out of 10, because the figures were based upon a study completed in the 90s before the bust but also before the boom.) Statistically speaking from a high volume standpoint, the people that do well in life are those that keep their spending levels low, save annually, and start saving early in life. There is absolutely nothing that beats frugality for wealth building. Even business owners that have amassed a fortune can lose it through wasteful spending. Regards, Amy J