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any of u guys business majors here or done schooling in business. well my folks were


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Old 3rd January 2007, 10:53 PM   #1
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any of u guys business majors here or done schooling in business. well my folks were

any of u guys business majors here or done schooling in business. well my folks were talkin to me about Jerry, a guy my mom works for, who is in his late 20's and lives in south granville in vancouver-owns a 2-5 million mansion huge house and has 2 high end 100k cars-mercedess g class and a carerra. this guy finised ubc in commerce degree, but i went to community college for 2 yr diploma.
anyways they are tellin me how successful and mostly how rich rich he is since he has all those big assets. they tell me he does mutual funds , and make mad $$.

pretty much they are tellin me to be like this guy, and how to make or invent something and become a millionarie. they tell me about the guy who cared 1 8000 got junk, Jim pattision, Ci Si yang (guy who owns expo,), and also david Ho these multi millionares.

ok what do u say. i don;t think its that easy at all. i think if its that easy then everyone else would be doin it. i now a lot of ppl from my work who got degree from UBC and are workin at call centre, or doing something unrelated.

i have cousins who are around his age or even older-they have degrees from ubc, sfu and they are not successful as Jerry -well in assets, they drive entry level acura, civic, low end bmw, ......and mortaging a much much cheaper house,

how do u create something , open a busienss and become a millionare, they never taught us that in school. is it that easy or is it easy. if ur folks or someone told u that what would u think and say
i'm kinda of tried of this comparing and challenging me , to as hey Joe can u do what Jerry is doin, look at his house its so nice and has stainglass windows and steel fridge and .....fancy crap his house has. he so rich and he only went to ubc comm, hey Joe u almost have that, why don;t u and why aren;t u as rich as Jerry. well heck who nows maybe he comes from a rich family-which my folks denied, sell drugs-which they denied, yea he just works hard like 4 jobs and is smart guy-that all says my folks
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Old 3rd January 2007, 11:34 PM   #2
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It takes hard work, a passion for what you do, talent or aptitude for it, the ability to take calculated risks, and some luck to make millions out of nothing. It usually also requires a plan.

Your parents are probably just trying to motivate you to go further with your education and open up additional opportunities to you.

Sure, your friends with degrees might not be in their dream job and they might not be making millions, but they've got a start and who knows what their experience will lead to one day? It can't hurt and will most certainly help. Maybe they won't make millions, but they'll make enough to be as comfortable as your cousins so they don't have to struggle.

What are you doing that you don't want to go back to school for a couple more years? What would you rather be doing than being in school?
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Old 4th January 2007, 1:05 AM   #3
 
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Quote:
Originally Posted by joel View Post
any of u guys business majors here or done schooling in business. well my folks were talkin to me about Jerry, a guy my mom works for, who is in his late 20's and lives in south granville in vancouver-owns a 2-5 million mansion huge house and has 2 high end 100k cars-mercedess g class and a carerra. this guy finised ubc in commerce degree, but i went to community college for 2 yr diploma.
anyways they are tellin me how successful and mostly how rich rich he is since he has all those big assets. they tell me he does mutual funds , and make mad $$.

pretty much they are tellin me to be like this guy, and how to make or invent something and become a millionarie. they tell me about the guy who cared 1 8000 got junk, Jim pattision, Ci Si yang (guy who owns expo,), and also david Ho these multi millionares.

ok what do u say. i don;t think its that easy at all. i think if its that easy then everyone else would be doin it. i now a lot of ppl from my work who got degree from UBC and are workin at call centre, or doing something unrelated.

i have cousins who are around his age or even older-they have degrees from ubc, sfu and they are not successful as Jerry -well in assets, they drive entry level acura, civic, low end bmw, ......and mortaging a much much cheaper house,

how do u create something , open a busienss and become a millionare, they never taught us that in school. is it that easy or is it easy. if ur folks or someone told u that what would u think and say
i'm kinda of tried of this comparing and challenging me , to as hey Joe can u do what Jerry is doin, look at his house its so nice and has stainglass windows and steel fridge and .....fancy crap his house has. he so rich and he only went to ubc comm, hey Joe u almost have that, why don;t u and why aren;t u as rich as Jerry. well heck who nows maybe he comes from a rich family-which my folks denied, sell drugs-which they denied, yea he just works hard like 4 jobs and is smart guy-that all says my folks
Sounds like an asian family? If so, it is part of the culture, just roll with the punches. You do what makes you happy, Jerry is happy risking it all to get it all.

It looks like your cousins are following the professional path, acura or bmw and suburban home. They'll have multi-million dollar retirement funds.

If the school thought how to become millionaires, many people would be applying! Graduates of elite schools don't become newly minted millionaires overnight. Mainly of them actually fail or just do ok; some make it to upper middle management. Risk vs. gain

Having a plan, making something, timing, and just plain luck when lined up can lead to millions. Talent, entrepreneurial spirit and many factors lead to millions. Your friend, Jerry, was lucking, had a good plan, good timing and it lead him to being a millionaire. Making payroll first is not easy. Not everyone is cut out to run a business.

Starting a business is not easy, even those that have venture capital have alot of restrictions and covenants in addition to rights of liquidation.

It is possible that your friends are pursuing something "easier" instead of being an entrepreneur? It is easier to work for someone than yourself.

I think it is part of the culture, don't worry to much and just do what makes you happy. Not knowing where and when you are getting paid while having a mortgage gives you ulcers!
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