Author Topic: 'Drink Less, Work More', Billionaire Tells Non-Rich  (Read 8846 times)

dm1333

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'Drink Less, Work More', Billionaire Tells Non-Rich
« on: September 03, 2012, 06:14:18 PM »
http://finance.yahoo.com/news/drink-less-more-billionaire-tells-152654355.html


Quote
"There is no monopoly on becoming a millionaire," she writes. "If you're jealous of those with more money, don't just sit there and complain. Do something to make more money yourself - spend less time drinking, or smoking and socializing and more time working."


Whaattttt?   =D


French G.

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #1 on: September 03, 2012, 06:17:04 PM »
What a racist!
AKA Navy Joe   

I'm so contrarian that I didn't respond to the thread.

Blakenzy

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #2 on: September 03, 2012, 06:48:38 PM »
Hard work to become a millionaire, possible.

Hard work to become a billionaire, in your dreams, unless you plan owning a few government officials to bend the rules your way and dealing through some very shady means.... and bailouts, you gotta have 'em bailouts and subsidies handy.

BTW, how much of her wealth did she inherit?
"Knowledge will forever govern ignorance, and a people who mean to be their own governors, must arm themselves with the power knowledge gives. A popular government without popular information or the means of acquiring it, is but a prologue to a farce or a tragedy or perhaps both"

cassandra and sara's daddy

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #3 on: September 03, 2012, 07:33:56 PM »
Those who really suffer from anti-business and anti-investor policies are regular workers who "usually vote for the anti-business socialist parties," she writes. "If you want to help the poor and our next generation, make investment, reinvenstment and businesses welcome."

She also tells the stories of her two grandfathers and three of her wealthy friends, who all started at the bottom and worked their way to the top. One grandfather, James Nicholas, started cleaning stables and launched a transportation company. Another granddad built a sheep station with 25,000 sheep.

Her pal Michael Kailis came from a poor Greek immigrant family and became Australia's crawfish king. Friend Jack Cowin borrowed from friends to found the Hungry Jack burger chain, and is now the country's "king of fries." (Read more: The Lack of Women Billionaires)

"The lessons are the same," she writes. "You can't get rich without working hard, taking risks, investing and reinvesting your profits."

Of course, as Rinehart knows, you can also become very rich from inheriting and expanding your father's company.
It is much more powerful to seek Truth for one's self.  Seeing and hearing that others seem to have found it can be a motivation.  With me, I was drawn because of much error and bad judgment on my part. Confronting one's own errors and bad judgment is a very life altering situation.  Confronting the errors and bad judgment of others is usually hypocrisy.


by someone older and wiser than I

Jamisjockey

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #4 on: September 03, 2012, 08:31:54 PM »
Truth is ugly.
JD

 The price of a lottery ticket seems to be the maximum most folks are willing to risk toward the dream of becoming a one-percenter. “Robert Hollis”

dm1333

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #5 on: September 03, 2012, 08:32:35 PM »
I don't care if she inherited a boatload of money and then made more of it, or if she started from scratch, she still makes sense.


birdman

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #6 on: September 03, 2012, 09:04:56 PM »
Hard work to become a millionaire, possible.

Hard work to become a billionaire, in your dreams, unless you plan owning a few government officials to bend the rules your way and dealing through some very shady means.... and bailouts, you gotta have 'em bailouts and subsidies handy.

BTW, how much of her wealth did she inherit?

I plan on being a billionaire within 5 years.  Without owning government officials or doing anything shady.
I've inherited nothing, and currently have a net worth of basically zero.

What makes America great is with a good idea, and hard work, the above is possible.

MillCreek

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #7 on: September 03, 2012, 09:30:33 PM »
I plan on being a billionaire within 5 years.  Without owning government officials or doing anything shady.
I've inherited nothing, and currently have a net worth of basically zero.

What makes America great is with a good idea, and hard work, the above is possible.

Well if you do, remember that you didn't do it by yourself.   :angel:
_____________
Regards,
MillCreek
Snohomish County, WA  USA


Quote from: Angel Eyes on August 09, 2018, 01:56:15 AM
You are one lousy risk manager.

Jamie B

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #8 on: September 03, 2012, 09:41:10 PM »
Truth is ugly.

Sure is - she inherited everything from Daddy. Forget her.

http://en.wikipedia.org/wiki/Gina_Rinehart
« Last Edit: September 04, 2012, 02:13:54 PM by scout26 »
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cassandra and sara's daddy

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #9 on: September 03, 2012, 09:46:15 PM »
shes world richest woman and gonna eclipse bill gates?
It is much more powerful to seek Truth for one's self.  Seeing and hearing that others seem to have found it can be a motivation.  With me, I was drawn because of much error and bad judgment on my part. Confronting one's own errors and bad judgment is a very life altering situation.  Confronting the errors and bad judgment of others is usually hypocrisy.


by someone older and wiser than I

De Selby

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #10 on: September 03, 2012, 11:08:44 PM »
There's solid historical precedent for what she said.   Marie Antoinotte had similar ideas. 

Encouraging an angry, disempowered mob to "stop being lazy and do something" is just about the level of brilliance I'd expect from a billionaire heiress.
"Human existence being an hallucination containing in itself the secondary hallucinations of day and night (the latter an insanitary condition of the atmosphere due to accretions of black air) it ill becomes any man of sense to be concerned at the illusory approach of the supreme hallucination known as death."

De Selby

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #11 on: September 03, 2012, 11:13:52 PM »
Sure is - she inherited everything from Daddy. *expletive deleted* her.

http://en.wikipedia.org/wiki/Gina_Rinehart



The funniest part is that her dad made all his money from mining without moving a single shovel-full of dirt.   He bought cheap land leases and took a cut when the actual mining companies built mines.

How exactly does taking a cut of the product add value?
« Last Edit: September 04, 2012, 02:50:57 PM by adively »
"Human existence being an hallucination containing in itself the secondary hallucinations of day and night (the latter an insanitary condition of the atmosphere due to accretions of black air) it ill becomes any man of sense to be concerned at the illusory approach of the supreme hallucination known as death."

Angel Eyes

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #12 on: September 03, 2012, 11:25:15 PM »
Truth is ugly.

. . . says the kept man.     =D

""If you elect me, your taxes are going to be raised, not cut."
                         - master strategist Joe Biden

TommyGunn

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #13 on: September 03, 2012, 11:42:29 PM »
There's solid historical precedent for what she said.   Marie Antoinotte had similar ideas. 

Encouraging an angry, disempowered mob to "stop being lazy and do something" is just about the level of brilliance I'd expect from a billionaire heiress.
Sourpuss, aren't you?  Or just jealous? :-*
Truth is ugly.

The "ugly"  green monster shows up .... it makes a lot of people not look so good.
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RaspberrySurprise

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #14 on: September 04, 2012, 08:27:00 AM »


How exactly does taking a cut of the product add value?
How is adding value relevant?
Look, tiny text!

birdman

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #15 on: September 04, 2012, 09:02:01 AM »
The funniest part is that her dad made all his money from mining without moving a single shovel-full of dirt.   He bought cheap land leases and took a cut when the actual mining companies built mines.

How exactly does taking a cut of the product add value?

Return on invested capital is a value add.  Without invested capital, the actual production can not occur, something labor-focused economics seems to forget. 

dm1333

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #16 on: September 04, 2012, 09:23:00 AM »
Quote
Sure is - she inherited everything from Daddy. *e.xpletive deleted* her


Well, she inherited 75 million from Daddy. Evidently back in 1992.  So how does that explain her becoming a billionaire in 2006?

Quote
Rinehart did inherit a truckload of money ($75 million to be exact) from her father, Lang Hancock. But she's pushed the turbo boost on Australia's two-speed economy beyond any of his imaginings. His "baby elephant" stuck her trunk in the air and did good. You don't build a $30 billion fortune if you don't know a thing or two about how to run a business.
Read more: http://www.smh.com.au/opinion/politics/rinehart-needs-a-chat-with-buffett-20120903-25agk.html#ixzz25VSP3Apf

Quote

I typed and deleted a bunch of responses to this.  One ass in the thread is enough!  ;)



http://www.smh.com.au/opinion/politics/rinehart-needs-a-chat-with-buffett-20120903-25agk.html
« Last Edit: September 04, 2012, 02:51:41 PM by adively »

makattak

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #17 on: September 04, 2012, 10:58:01 AM »
Sure is - she inherited everything from Daddy. *expletive deleted* her.

http://en.wikipedia.org/wiki/Gina_Rinehart



Classy.

And your first statement is a lie, too. Classier.

Here's a thought for you, if I give you $70 and you turn it into $30,000, am I responsible for your success?
« Last Edit: September 04, 2012, 03:21:12 PM by adively »
I wish the Ring had never come to me. I wish none of this had happened.

So do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given to us. There are other forces at work in this world, Frodo, besides the will of evil. Bilbo was meant to find the Ring. In which case, you also were meant to have it. And that is an encouraging thought

MicroBalrog

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #18 on: September 04, 2012, 10:59:06 AM »
There's solid historical precedent for what she said.   Marie Antoinotte had similar ideas.  

Encouraging an angry, disempowered mob to "stop being lazy and do something" is just about the level of brilliance I'd expect from a billionaire heiress.


Please elaborate for me.

How do you imagine a poor man can honestly  become a millionaire without either hard work or taking risks with his money?

In fact, the above is why I am not really interested in becoming a millionaire - I am not interested in working 14-hour workdays to make my own business, nor am I interested in taking huge risks that might make me destitute if it all goes wrong. As a matter of fact, my interest is to work as little as humanly possible in the long run. I would gladly take a minimum-wage job if it involved a six-hour work-week and if such a job existed.
Destroy The Enemy in Hand-to-Hand Combat.

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Fly320s

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #19 on: September 04, 2012, 11:11:07 AM »
One doesn't have to work 14 hour days and take huge financial risks to become a millionaire. Living below one's means and making common place investments will suffice. It may take 30 years, but it is possible.
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Zardozimo Oprah Bannedalas

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #20 on: September 04, 2012, 11:16:49 AM »
One doesn't have to work 14 hour days and take huge financial risks to become a millionaire. Living below one's means and making common place investments will suffice. It may take 30 years, but it is possible.
But in 30 years, will a million mean anything?

brimic

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #21 on: September 04, 2012, 01:09:30 PM »
Quote
But in 30 years, will a million mean anything?
It won't be worth anything if the have-nots get their way politically and have the dollar hyperinflated to oblivion in order to pay for al of the free stuff they are unwilling to work for.

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Jamisjockey

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #22 on: September 04, 2012, 02:15:17 PM »
Sure is - she inherited everything from Daddy. Forget her.

http://en.wikipedia.org/wiki/Gina_Rinehart


Wow.  What?  She's speaking the truth, and truth is ugly.  I didn't call her ugly or insult her inheritance.....which she GREW after receiving, rather than squander like so many trust fund babies do.

(I see your post has been edited in the interim.  YOU know what I'm responding to, and it was uncalled for and un APS like)
JD

 The price of a lottery ticket seems to be the maximum most folks are willing to risk toward the dream of becoming a one-percenter. “Robert Hollis”

RevDisk

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #23 on: September 04, 2012, 03:19:04 PM »
"Drink less, work more"

Ah. No. Not in the least. Work smarter. Know plenty of people that bust their hump in insanely stupid ways. I'm one of them, and it's common in IT. IT death marches are unfortunately common, and usually will not get you an additional dime. In fact, it usually costs you more to work more.

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erictank

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Re: 'Drink Less, Work More', Billionaire Tells Non-Rich
« Reply #24 on: September 04, 2012, 04:21:41 PM »
There's solid historical precedent for what she said.   Marie Antoinotte had similar ideas. 

Encouraging an angry, disempowered mob to "stop being lazy and do something" is just about the level of brilliance I'd expect from a billionaire heiress.

How to make friends and influence people.

Well, at least she's got the second part down...  :P

And yeah, despite the undeniable truth in a lot of what she said (that effort is usually required, that risk is often required to become rich), it does kind of smack of "Let them eat cake!"