The Truth About College In Terms Of Becoming Rich

<p>...have fun with your investment banking power struggle then...if u have the strength and tolerance to make it off like 3-4hours of sleep a day, and only have a check to look forward to from some cracked out tyrannic boss that belittles you...enjoy</p>

<p>I believe donald trump has just put his previous home on the market which is 38,000+ square feet...so you're wrong on that one...</p>

<p>Here's the article: <a href="http://ilhm.frogpond.com/DispArticle.cfm?ARTICLE_ID=11985%5B/url%5D"&gt;http://ilhm.frogpond.com/DispArticle.cfm?ARTICLE_ID=11985&lt;/a&gt;&lt;/p>

<p>Donald Trump in danger of being "Fired"! </p>

<p>Should Donald Trump be "fired"?</p>

<p>Email Print<br>
Successful agents working in the luxury market understand that they must use creative marketing techniques in order to attract buyers to multi-million dollar properties.</p>

<p>One such home that is getting ready to go on the market belongs to Donald Trump. Trump bought the Palm Beach estate for $41.35 million and plans to resell it for $125 million less than a year after he purchased the property which sits on six acres fronting the Atlantic Ocean.</p>

<p>Kendra Todd, last season's winner of Trump's show "The Apprentice", is in charge of the home's renovation. Despite its size (38,000 square feet), the home only had three bedrooms in the main house. Four additional bedrooms were added to the home and an oceanside rotunda was redone to give it broader appeal to potential buyers.</p>

<p>Even with the extensive renovations, Moore-Moore has some additional ideas to create excitement and bring more attention to the property. What would Laurie suggest to Donald in order to increase his chances of finding a buyer for the pricey property?</p>

<p>Ok and? You can be rich making 500K a year. As I said, it doesnt take 20 mil as the CEO of a F400 to be rich...</p>

<p>Um...I make it off of 4 hours of sleep now. No lifestyle change there.</p>

<p>Don't feed the troll.</p>

<p>Also ...why would a Managing Director at an I-bank want you to move up the corporate ladder to possibly replace them? I wouldn't want to be replaced.</p>

<p>i found TheTruth2010's first post to be really interesting and thought provoking. just because someone has an opinion that is different or not entirley in sync with most who post in this forum, doesn't make them a troll.</p>

<p>Heh... I'm calling B*llshlt2010 on you, bro. Yeah, I've seen the reactions of your disciples on here... "1/2 mil?? that BLOWS what i cant even buy a lambi!" ... with your $50 weekly paycheck courtesy of the BK Lounge I'm surprised you haven't stepped in front of traffic yet.
Yeah college isn't worth shlt according to you, yet you're plunkin down 30k a year for it. O my parents- societal norms- they coerced me! yea im sure they LUV pussies like you running finances. Invest in this- some bawls. Why don't you drop out and start a dotcom? College is costly; your hippie-haven full of society's 'tools' is just putting you in the red. O right cause the idea blows.
. . You got into college, you got some brains- do you not understand that you can't just build a webpage, call it "bloogle" and watch the ad offers come rolling in? Yeah companies have too much money- they're just giving it away. Your idea is like that of "Ima become the next Jordan! Or... I'll be an A-list actor and costar with Katie Holmes!!!" Yea... you and 100 million other idiots. and i guarantee you that right now, as you waste your time browsing this forum, that MILLIONS of G.E.D. holders with more street smarts and business savvy than a 15 yr old are pounding pavement and running the rat race trying to get their unoriginal business ideas off the ground. I'm sure half are living in crappy appartments, and the other hurl themselves out windows from these apartments.</p>

<p>For argument's sake, I'll play along, and see how far your advice gets me.</p>

<h2>TheTruth2010's plan</h2>

<ol>
<li>Drop out of college</li>
<li>Travel home</li>
<li>Have mom make me some Easy-Mac</li>
<li>Have ultra-cool, uber-passionate, best-thing-since-the-messiah me come up with billion-dollar business idea that even makes Trump shlt himself.</li>
<li>Ask mom if we are outta dunkaroos</li>
<li>Get offered help financing with an internet company in Russia that requires my bank account number and credit card information.
...</li>
<li>Left with nothing but thousands in debt and a court date, discover that I have 2 options- reapply as a college freshman (this time Im smart enough) or try my luck as an NBA star- i hear managers are scouting for old white guys that were on NHS during hs.</li>
</ol>

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<p>Well if you're "good enough" the possibility of being a superstar forward for the Chicago Bulls and winning the NBA MVP title five times is still there too, but that doesn't make it a realistic career plan for most kids in school today.</p>

<p>I found the OP to be very interesting as many on this forum think that you must go to a top college and get a job in IB or consulting or you want make much money. </p>

<p>The fundamental thing I that I learned about the whole process is that the person is what really matters. If you have an amazing mind and are destined to be great you'll do so anywhere; however, if you're more of a mediocre or average person, the advantage of an Ivy League diploma will be much more important. As has been said before, the very top people at all colleges will usually get great jobs, but at places like Wharton companies are more willing to take half the class as opposed to five or ten students.</p>

<p>The tough part for students is to determine if you are one of those special people, but regardless of who you are, I think the education received at a top school is great. The question of whether it's worth it to spend $160,000 at Harvard or take a full ride+ at your state university always crops up, and I think it's a personal choice that definately doesn't have a clear answer.</p>

<p>If you think about it, while more entrepreneurs may be rich than people holding lawyer/doctor/IBanker/consultant jobs, as a person in any of the previous professions, you're basically guaranteed to have a good standard of living as opposed to the business owners who may be poor, middle class, rich.</p>

<p>
[quote]
I believe donald trump has just put his previous home on the market which is 38,000+ square feet...so you're wrong on that one...

[/quote]
</p>

<p>Yes he OWNED that house in West Palm Beach, but he never LIVED there. His permanent residence is in New York. That house was purely for investment purposes...he never set foot or furniture in that house. And his apartment in Trump Tower is plated in gold.</p>

<p>"Being a former practicing tax lawyer and CPA, I have met a lot of successful people.</p>

<p>College won't make you rich! Get this straight. It will give you some good skills in order to read, write and think coherently, which are all important, but it won't make you rich.</p>

<p>There is an old saying among wealthy people: "If you want to fly like an eagle, you don't hang around with turkeys."</p>

<p>Have you met any rich professors? Case closed!"</p>

<p>Nothing will "make" you rich alone. A lot of being rich comes with luck, opportunity, and having the right skills. </p>

<p>However I can tell you 3 things.</p>

<p>1) People looking to get rich wont
2) People who look for the next trick to getting rich wont
3) People who get rich get rich becuase they pursued a passion of theirs that developed.</p>

<p>I believe in creating your own destiny, so I don't agree with #1...because there are people that chase money directly and end up getting it (some), but I do agree somewhat/mostly with #3. Most entrepreneurs (like myself:-)) have a passion for what they do and get wealthy as a bonus. As well as others. I actually think everyone is a natural entrepreneur but most people don't do what they were meant to/what they have innate abilities to excel at...what a waste.</p>

<p>P.S.- to buerre guy, thx for the thought proking comment on my post <3</p>

<p>i have to agree with businessguy's comments and partially with the thetruth
for some people a college degree or even just attending college may open some doors while others with innovative thinking are just destined for success for example bill gates and steve balmer who attended harvard..now bill gates didnt need to attend harvard to become successful and an entrepreneur but steven ballmer did need to attend because there he met mr gates and that little piece of luck most likely helped him become the CEO of microsoft today.
TheMK99 i think you were joking about the "lots of people make multi millions" comment but if you werent i would like you to know that no lots of people DO not make multi millions there are only 54,000 ultra hight net worth individuals (wealth of 30 million+) in america and 70 thousand in the world. According to capgemini there is only 2.9 million millionaires in america also which is about 1 percent of the population.. if you think about that fact it is astonishing. I do believe that entrepreneurship is the path to build large wealth and im talking the 10 million + club, however attending a top tier institution can lead to fulfilling jobs and opportunitys at numerous companies and for people to live well off i mean a million dollar home a few luxury cars and a nice vacation home does not take a 5 million dollar income earning 500k-2m can lead people to live excellent and enjoyable lives while working at a corporation. for every successful entrepreneur there is 10 unsuccessful entrepreneurs many people do not want to sacrifice a guranteed salary and enter the unknown. while the payoff of a successful business is immensely larger then most jobs where you are an employee there is a lot of risk and uncertainty involved for those who have a passion for there business and are willing to struggle maybe carry large amounts of debt and dedicate lots of time and fund there own company all the power to them. thetruth makes it seem like entrepreneurship is a piece of cake or a walk in the park but not everybody can be the steve jobs or youtube or richard branson or something lke that. i would not equate immense wealth with a college education. i would however say that a college education can lead to networking, and opportunitys otherwise not realized</p>

<p>This entire thread is absurd. Will college make you wealthier? Well, the name of your college won't -- but I guess those with college degrees make tens of thousands more per year than non grads --- which is seen as zilch to the future "mega millionaires" on this board.</p>

<p>However, you clowns are missing the entire point. You're arguments are filled with absurdities.</p>

<p>First, does money measure success, reflect a person's abilities, or define one's character? HELL NO. Are you all SOCIAL DARWINISTS on this board? Complete idiots, social retards, degenerate morons, and sub-human scum fall bass-ackwards into money all the time (rich father died, married a rich person, compulsive liar rising the corporate ladder, criminals, to name a few). Money has ABSOLUTELY NOTHING to do with one's character or abilities.</p>

<p>Converseley, great men, indeed personally even the best men I have known, are not necessarily wealthy at all. ***** happens. Tragedies can befall anyone. I imagine there were business owners in New Orleans who lost everything because of Katrina. I guess they're inept skilless retards, huh?</p>

<p>Jesus Christ, did you guys pay attention in English class? Materialism and the pursuit of the All-Mighty Dollar will not lead to happiness. In fact, I came across an interesting survey once. You know which people are most satisifed with their income and assets? The lower classes. In fact, the more and more money people make, the EXPONENTIALLY MORE dissatisfied they are and the more money they desire. Some clown on here said he wanted to make 5 million dollars. Funny thing is, if he ever gets it, he will start comparing himself to the guy making 20 million and wish he could make 20 million. And it never ends.</p>

<p>Someone on here announced some dangerous mindset such as "I think I'm worth more than 500k a year." Again, since when did money determine your worth? Oh, you think you're worth 5 mil a year? or 20 mil? or 2 bil? That's nice, but personally I'm worth more than all the money in the world. Print up 100 trillion more dollars, I'm still worth more. Because I'M PRICLESS, BIATCH. That's right. Because money is worthless. It says nothing of a person's character. Or are you honestly going to tell me that if someone handed me a check for $100,000 more you'd suddently respect me more? </p>

<p>Personally, I'd repect a person less who's top priority is money. Would you trust or want a teacher, firefighter, soldier, engineer, doctor, judge, whoever, who's top priority is the green dollar? I'd certainly prefer that they have other priorities. Unfortunately, many of you have been conditioned by society to worship money and expensive things. But if you continue down that road, you'll all live long, unfulfilling, unhappy lives.</p>

<p>Peter_Parker notes,"You know which people are most satisifed with their income and assets? The lower classes. In fact, the more and more money people make, the EXPONENTIALLY MORE dissatisfied they are and the more money they desire"</p>

<p>Peter, there is no question that you can be unhappy and yet be rich. They don't necessarily go hand in hand. However, I can guarantee, since I have seen life from both sides (rich and poor), you will be less unhappy being rich!</p>

<p>lol taxguy you are hilarious!</p>

<p>This conversation here is filled with too many abborrations, and contains how should I put it, a slight tone of inferiority phobia. There are just too many generalizations. For example, sure You can say that most millionaires are entrepeuners, but who can attest to the sorts of experience some of them may have gained in college, assuming they went. Tis true that it would be quite difficult to reach the levels of wealth exhibited by those at the top without creating opportunities for youself in terms of being your own boss, but it strikes to me that the underlaying tone of the original poster seems to want to sway you from going to college -forgive me if i misinterpreted. I just think the entire discussion has been an over-generalization of many topics.</p>

<pre><code> The first being that everyone in college even cares about making millions, sure it would be a nice thing to have, but it disregards the fact that attaining such wealth is entirely too difficult for most to want to contemplate. Everyone's idea of wealth is relative. To many, reaching the level of a seasoned physician is rich enough.

The second includes the notion that those going to college are missing out on some opportunity. If it were as easy as starting your own business from scratch, everyone would be doing it. Me personally, I'm in college because that it affords me the relative boost to become an entrepeneur if I so choose. I mean to start a business, one needs capital, a bit of luck, and possibly social support from others, partners, benefactors, etc. College allows a person to attain those resources for entrepeneurship. A steady job that pays relatively well provides a great stepping-stone for venture capital in the way of income, and loan opportunities, and a welcome packet of venture capital by discretioned investors who might prefer an education. I'd certainly put my money on a college-educated entrepeneur over one without a college education merely for that fact. One may have a great passion and a raw talent for industry, but that doesn't mean so much if acquiring the resources for said "business" may be limited by having less credentials.

 I guess the last generalization would be that entrepeneurial individuals live in some sort of vacuum and do not have a boss that limits their income. Of course they do, it's called the consumer. I mean you could be an entrepeneur in a well thought out business, but if the demand and economics behind your industry don't make sense, you do have a ceiling on your income. Sure, you could say you can manipulate your chances, but that fact may rest upon prevailing external factors like the number of customers, and consumer tastes.

  I'd really have no qualms about what The truth was talking about if he had just left it at an encouragement to those who won't be in the position to get a college degree for one reason or another, but the fact that he added that most people on the Forbes 400 list are entrepeneneurial without leveling a disclaimer about whether or not they have gone to college screams too much generalizing.

  College is really a wonderful experience if you have to privilege to go. I emphasize the word privilege, too many people these days look at college as merely another thing to check off the list. That type of attitude i guess is what truth was trying to counter. Honestly, the message we can take out of all this is that success in the way of compensation or general happiness varies from person to person, but I will make the caveat that college is the place to go if you can, if not for the intellectual enrichment, for the fact that it keeps you shelted from the cruel world for another 4 years. If i might have come across as too combative that wasn't my point, just merely adding another point of view.

</code></pre>

<p>-Good luck to all.</p>

<p>i think the most important thing is happiness :)</p>

<p>GG</p>

<p>Run47 is right...and God comes first. :-)</p>