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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (140249)	3/26/2018 5:54:17 PM
From: louel	1 Recommendation Recommended By dvdw© Read Replies (1) \| Respond to of 217734

Money is forefront when a person begins. Soon you realize money is not the driving force. Accumulation becomes secondary to the satisfaction brought by self confidence. Knowing you can recognizing opportunity where others see doom. The ability to successfully bring it all together. The revenue that will be made is great. Money is a by-product of a person making proper moves in a in a organized and timely manner. When a company has a number of employees which drop by the shop on off days just to see whats happening. It says they like their job and how they are being treated. Those are the things for me would never let me quit when I could afford to. It felt like an obligation to look after these folk as long as I could. Some had spent over 20 years looking after us and our operations. There are so many reasons that keep business people going other than accumulating of funds you'll never get to spend. As Warren buffet said. Getting to be reasonably well off and still have people like you for who you are rather than what you have, suggests you've done some things right. When it came to financing equipment. I preferred to use other OPM. If the purchase could not make it's own payments why buy it. If the job or economy turned bad then we would subsidize it. That meant we were actually establish and fund our own credit line. Had we used reserves to make purchases it destroys retained earnings, Available capital on hand. that guarantees stability. If you have ample capital on hand. It is easy to arrange financing at extremely low rates. Prime +1 Then returns on your capital if properly invested will out pace the interest on what is borrowed. Not sure how it works in real estate. But with Machinery dealers get to know their customers. For us we would agree on price and write up the contract and a post dated cheque dated 90 days ahead for payment in full, Prior arrangements had been made at the bank to cover the cheque. They would give us take the machine. Put it to work for the full 90 days with its total generated revenue deposited into the account the cheque was wrote on. The amount borrowed from the lender at the end of 90 days, would only be the difference between the cheque amount and what by then had been deposited in that account. It provided for no down payment or deposit being paid up front, gross amount interest void for 90 days. And no interest on the portion the machine had paid on itself. It allowed us to use their money for 90 days at no difference to them either. The machine would have otherwise just sat in their yard. Simply by juggling the acquisition and payment time frames. The last two we just agreed on an equal rent payment plan. First payment in 45 days when the last installment was made it was ours 100% That worked out well to. Renting allowed for better tax calculation categorized as cost of doing business. Rent is 100% tax deductible No recapture until sold. By then value has been grossly eroded. The tax deduction more than covers any interest. Acquisitions have to be capitalized. Deductions of 15% of value the first year 30% of residual there after. Business is quite fun. Loved the challenge. I preferred working to holidaying. Wife not so much.

To: Elroy Jetson who wrote (140249)	3/26/2018 6:48:46 PM
From: louel	Read Replies (2) \| Respond to of 217734

. People who do are more careful and more demanding with their money than a money manager dealing with opm. Reducing marginal rates on the wealthiest has created such a large surplus to their desired lifestyle that we live in primarily an opm economy with the capital owners focused primarily on pointless pursuits like buying counterfeit fine wines at auction. When the well to do spend on their luxuries or collections, it still puts people to work. Either creating, Handling, Finding, Importing , Selling, Servicing, Building and or Maintaining items they spend on. Money doesn't just disappear because it is in the hands of affluent folks. Just like money never leaves the market. Simply is reallocated to a different venue. And possibly a different country where conditions are not as severe. You say you have roots in Switzerland. Then you should remember during the crash of 08 people poured money into Swiss accounts which were paying 5% interest. There were Adds all over the US about the safety of Canadian banks while hundreds were going under in the US including Lehman Bros. Canadian bankers readily invested those funds deposited by Americans securely creating jobs in Canada. The recession was hardly noticed. After the upturn in 09 those monies were taken home again and put to work back in the US. Had those funds been distributed among people who had no idea where to find protection for them. The market reversal may not have had the starting boost it did. You have view the full picture, to look deeper at where dollars go, what they do and who gets a little piece as they pass from hand to hand. If a wealthy person has someone wash & wax his or her car. / A less affluent does the same, but do it themselves. The companies that produce the wash and wax compounds still sold products, and workers were employed making and distributing them. Get the Picture ?