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Ceinz
#41 Posted : Saturday, February 12, 2011 4:12:46 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
MaichBlack wrote:
Parkinson's Second Law which states "Expenditure rises to meet income".


Is it therefore right to say that the rich are those who can manage to make more income than their expenditure?
“small step for man”
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For Sport
#42 Posted : Saturday, February 12, 2011 7:01:39 PM
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Joined: 12/23/2010
Posts: 1,229
Ceinz wrote:
MaichBlack wrote:
Parkinson's Second Law which states "Expenditure rises to meet income".


Is it therefore right to say that the rich are those who can manage to make more income than their expenditure?


Put the other way...those with fewer needs
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Ceinz
#43 Posted : Saturday, February 12, 2011 10:34:38 PM
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Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
For Sport wrote:

Put the other way...those with fewer needs


Just to quote somebody 'pple who live within their means suffer from lack of imagination'. I agree with this statement. Surely for Sport these cannot be reffered to as the rich.
“small step for man”
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the deal
#44 Posted : Saturday, February 12, 2011 11:21:58 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cherish your spouse and Family not Money.
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Ceinz
#45 Posted : Sunday, February 13, 2011 12:20:32 AM
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the deal wrote:
Cherish your spouse and Family not Money.


'Money isn't everything but it sure keeps u in touch with ur children' J. Paul Getty
“small step for man”
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For Sport
#46 Posted : Sunday, February 13, 2011 11:16:48 AM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Ceinz wrote:
For Sport wrote:

Put the other way...those with fewer needs


Just to quote somebody 'pple who live within their means suffer from lack of imagination'. I agree with this statement. Surely for Sport these cannot be reffered to as the rich.


Given the same level of income, the chap that lives above his means comes in last in the race to "get rich".
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youcan'tstopusnow
#47 Posted : Sunday, February 13, 2011 12:45:11 PM
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Joined: 3/24/2010
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Location: Black Africa
Rat Race
GOD BLESS YOUR LIFE
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MaichBlack
#48 Posted : Sunday, February 13, 2011 6:11:03 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,848
Ceinz wrote:
MaichBlack wrote:
Parkinson's Second Law which states "Expenditure rises to meet income".


Is it therefore right to say that the rich are those who can manage to make more income than their expenditure?

@Ceinz - NO! That is not even possible. You get rich by controlling costs! That is why even the rich, nay, the wealthy go bankrupt!

No matter who you are, there is always something new to buy; A bigger house, holiday homes, yatch, chopper, private jet, Island etc. If u don't control that, you'll end up broke! How did the biggest selling musician - Michael Jackson - die broke? More expenses than income! You can Google this.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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youcan'tstopusnow
#49 Posted : Sunday, February 13, 2011 6:44:15 PM
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Ama Mike Tyson, Master P, yaserbigchair, etc
GOD BLESS YOUR LIFE
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For Sport
#50 Posted : Sunday, February 13, 2011 6:54:23 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
MaichBlack wrote:
Ceinz wrote:
MaichBlack wrote:
Parkinson's Second Law which states "Expenditure rises to meet income".


Is it therefore right to say that the rich are those who can manage to make more income than their expenditure?

@Ceinz - NO! That is not even possible. You get rich by controlling costs! That is why even the rich, nay, the wealthy go bankrupt!

No matter who you are, there is always something new to buy; A bigger house, holiday homes, yatch, chopper, private jet, Island etc. If u don't control that, you'll end up broke! How did the biggest selling musician - Michael Jackson - die broke? More expenses than income! You can Google this.


@ Maich. Well put.

@ Ceinz. You have to retain your earnings. Its not about what comes in (how much you make); It’s about how much of it you retain.
You must spend less than you make. It also takes a lot of imagination (and work) to live within your means.
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