I wonder, what is the Point?

[Forza]

I wonder, if hyperinflation is actually going to occur, what is the point of having a business unless you're in mining of oil, copper, silver, etc, etc, etc?

Paper money may go to zero so no one has enough to buy anything, and if you're in retail/wholesale how can you buy goods to sell? If you offer a service with employess, can you pay them consistently and fairly?

If you're offering something that's non-essential, who's going to buy?

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Red]

I wonder, if hyperinflation is actually going to occur, what is the point of having a business unless you're in mining of oil, copper, silver, etc, etc, etc?

I sometimes wonder if giant frogs will one day evolve & start slurping up people left and right like regular frogs today do with flies. The tadpoles would be a bitch to clean out of my swimming pool.

Paper money may go to zero so no one has enough to buy anything, and if you're in retail/wholesale how can you buy goods to sell? If you offer a service with employess, can you pay them consistently and fairly?

Giant meteors may one day strike the planet again and render us back to stone-age technology from which we evolved. I hope I can sell my wheels for top dollar- I mean, for top shells. I also know how to make fire, so I'm sure my skill set will be in high demand.

If you're offering something that's non-essential, who's going to buy?

You're killin' me, smalls. The citizens of this fair country PIONEERED buying what we don't need to impress people we don't know. "Non-essential" is a laughable term in a country of abundance (which, yes, we still are). I know I'm busting your balls here, Forza, but I'm just curious about what you wanted to accomplish with this post? It hardly seems something that promotes productivity and/or any positive energy? (and yes, I know I'm being ornery here) But, why not spend time figuring out how to capitalize in the moment (or even in the future) if these events do happen to occur? Why not focus on the positive & laying a forward-thinking game plan as opposed to waxing philosophically negative? Some of the greatest fortunes were procured in the worst of financial times and I personally plan on being involved with that end of this spectrum.


The sky may fall, but it's fallen before and we'll be alright. We may even walk away a little wiser & more financially secured for the ware. :smxB:

 

[MJ DeMarco]

With this mentality, why even bother to wake up ... we're all gonna die! What's the point? Life's prognosis is death.

 

[FDJustin]

With this mentality, why even bother to wake up ... we're all gonna die! What's the point? Life's prognosis is death.

Speak for yourself. With synthetic cellular life-forms, cloning technology, ever growing cybernetic technology and AGE-Breakers, I plan to live forever.

 

[GlobalWealth]

Speak for yourself. With synthetic cellular life-forms, cloning technology, ever growing cybernetic technology and AGE-Breakers, I plan to live forever.

Now that's the optimism I like....

 

[Forza]

With this mentality, why even bother to wake up ... we're all gonna die! What's the point? Life's prognosis is death.

Ok, so I guess mere survival is not good enough. I imagine it would be very difficult for rich people to readjust to subsistence living. Although that's how it's been for virtually the entire existence of human history.

I'm not saying I'm not going to try and go fastlane if I ever figure out a business that I have a chance of making work though. That's fun to do. However, if hyper inflation does happen, I don't want to have a thrive or nothing mindset.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Runum]

I imagine it would be very difficult for rich people to readjust to subsistence living.

I think this is one of the biggest fallacies I know of. Most of the well off people that I know were poor at one point in their lives. I, myself, have been poor and my wife has been as well. We both have the tools to survive if we have to go back to that position. Try spending some time reading some bio's on here and you will see most of us know how to survive without a lot of money.

I do agree with the previous responses.:cheers:

 

[Kung Fu Steve]

Red... I think I'm in love...! :smxB:

As a business owner, I don't plan on just lying down and taking it.

But you know me I'm so optimistic I'll go after moby dick in a row boat and bring the tartar sauce with me!

 

[Forza]

I found this article saying that US hyperinflation won't happen in our lifetime. And even if it were possible, the US would go to war before allowing it to occur. Anyone know how doing that would fend off hyperinflation?

www.marketoracle.co.uk/Article9409.html

 

[biophase]

However, if hyper inflation does happen, I don't want to have a thrive or nothing mindset.

So let's say its 2005 and there is doom and gloom REI news. What's the point of making money if the real estate market crashes and my networth goes from $1m to -$1m and I have to file bankruptcy? You deal with it, like a whole bunch of people are doing now.

If hyperinflation occurs then deal with it like everyone else in the world.

Have you read up on past hyperinflation and figured out what to do in case it happens? If you are in business you still have currency, it's called inventory. Money is worthless but goods are tradeable. Oh I wonder how I will survive with my warehouse full of ghillie suits, survival gear, tactical flashlights and medical kits. Nobody would want those.

 

[Forza]

So let's say its 2005 and there is doom and gloom REI news. What's the point of making money if the real estate market crashes and my networth goes from $1m to -$1m and I have to file bankruptcy? You deal with it, like a whole bunch of people are doing now.

If hyperinflation occurs then deal with it like everyone else in the world.

Have you read up on past hyperinflation and figured out what to do in case it happens? If you are in business you still have currency, it's called inventory. Money is worthless but goods are tradeable. Oh I wonder how I will survive with my warehouse full of ghillie suits, survival gear, tactical flashlights and medical kits. Nobody would want those.

Yeah, I know you deal with it. The main point of my question was, what's the point? I know this guy who was rich for several years. He recently became bankrupt from spending too much. He's now depressed and suicidal. His rich lifestyle became his new minimum level of survival. His happiness came from having a lot of stuff, or maybe feeling like he was a guy who could make as much money as he wanted.

The US may or may not experience hyperinflation, or one may lose all their wealth some other way. If the point of my getting rich is so I can be really happy, then I guess my happiness is pretty uncertain right now. And the happier I am if I were rich now, the more depressed I'd probably feel if I lossed it all.

Humans have been merely surviving for thousands of years. If I'm happy at the subsistence level, I'll be happy no matter what as long as I'm surviving. In addition, it's my belief that the less attached one is to something happening or not, the more likely it is to happen (assuming I am also taking action in the direction I want). So it's important to be content at a simple level. Being happy all the time suits me! :groove:

I've just been in the process of changing my perspective on things lately, and this thread was just me getting some other perspectives and thinking more :smx4:

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[FDJustin]

This guy you know... Has an opportunity now. It's pretty obvious to me that his lifestyle is problematic. The habit of overspending and (most likely) ignoring the consequences until it's too late, won't change with his level of wealth. Tell me this: Is he depressed because of the loss of his shinies, or the loss of his lifestyle? If it's the former, he'll just have to earn them back again. It should be fun, recollecting treasure. If it's the latter then it completely proves what I said.

So he can either take his opportunity to come to an epiphany on how to live well without giving up everything he owns, or he can write out his suicide note:
Dear little people; recently I spent all the money I had and my source of income failed to compensate for it. Your lives are too hard to live. There is no way to spend my time that I can be satisfied without having a tonne of money. Any life satisfaction you have is just an illusion, trust me, I was once rich. Please save yourselves from the constant misery of your pathetic life and follow my example.

By the way, if he does write it out and commit suicide, make sure he signs over the copyrights to the note to me. There's a lot of people out there who have a hatred for those more successful than themselves, and I'd sell them a framed copy with a certificate of authenticity for $29.95 +S&H.

... Yes I'm being harsh. But the thing is, he's perfectly capable of picking up some kind of crutch, organizing his life, and organizing his values to be happy. Just make sure the crutch isn't welded to his arms or there will be different problems later on. (Pills that you can't ever stop taking, alcoholism, addiction, whatever.)

If the value of money drops to zero, then in time it will be replaced with a different currency. But before that, people will have to get used to thinking like James to some degree or another. Money is just something we use to obtain things of value without having to reach into ourselves to give something of value back. Our time, our contacts, or resources, our information, our entertainment.
I bet you if I posted a public bulletin that said something like "The economic crash is really hard on us. I'll listen to your woes for your time, something I like, or your dinner." I'd have clients in that situation... Unless they read the above post.

 

[Red]

...I know this guy who was rich for several years. He recently became bankrupt from spending too much. He's now depressed and suicidal. His rich lifestyle became his new minimum level of survival. His happiness came from having a lot of stuff...

.... If the point of my getting rich is so I can be really happy, then I guess my happiness is pretty uncertain right now. And the happier I am if I were rich now, the more depressed I'd probably feel if I lossed it all...

I'm glad you're expanding the way you think, but there's one major flaw in your logic -equating money to happiness. Your friend that's now suicidal & depressed? He was never happy to begin with, he merely masked his depression with toys and other possessions. When the anesthetic wore off, he fond himself right back at ground zero: unhappy.

If you're placing the condition of your happiness on getting really rich, you're making a classic rookie mistake -1) you won't be happy when you're "rich" as you'll feel the exact same way you do now (unhappy and discontent) and 2) you're making your happiness contingent upon factors that are external.

People tend to play the "if only" game. "If only I had money, then I'd be happy" "If only I was married/had a relationship, then I'd be happy" "If only I had that custom pink & graphite Repsol Replica CBR 600RR w/ full Yosh exhaust & a little NOS, THEN I'd be happy" ... the list goes on.

The truth of the matter? When you're really rich, you'll feel exactly the way you do right now. So if you're not happy in your moment now, you won't be when you've attained your goals. There's no better reason to start working on the now & figuring out why you feel the way you do. Why postpone your happiness?

 

[Runum]

I'm glad you're expanding the way you think, but there's one major flaw in your logic -equating money to happiness. Your friend that's now suicidal & depressed? He was never happy to begin with, he merely masked his depression with toys and other possessions. When the anesthetic wore off, he fond himself right back at ground zero: unhappy.

If you're placing the condition of your happiness on getting really rich, you're making a classic rookie mistake -1) you won't be happy when you're "rich" as you'll feel the exact same way you do now (unhappy and discontent) and 2) you're making your happiness contingent upon factors that are external.

People tend to play the "if only" game. "If only I had money, then I'd be happy" "If only I was married/had a relationship, then I'd be happy" "If only I had that custom pink & graphite Repsol Replica CBR 600RR w/ full Yosh exhaust & a little NOS, THEN I'd be happy" ... the list goes on.

The truth of the matter? When you're really rich, you'll feel exactly the way you do right now. So if you're not happy in your moment now, you won't be when you've attained your goals. There's no better reason to start working on the now & figuring out why you feel the way you do. Why postpone your happiness?

Dang Red, slow down. I can't give you more speed for these awesome posts. You ROCK!:fastlane:

 

[lexingtonjames]

Red is on fire, that is a great post. I agree with Runum.

 

[GlobalWealth]

"If only I had that custom pink & graphite Repsol Replica CBR 600RR w/ full Yosh exhaust & a little NOS, THEN I'd be happy" ... the list goes on.

You had me until you started talking about a 600 with nos...blasphemy!

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[MJ DeMarco]

He recently became bankrupt from spending too much.

So he chose bankruptcy. Problem diagnosed.

 

[Red]

You had me until you started talking about a 600 with nos...blasphemy!

it's gonna happen, G Dub.... blasphemy & all!

 

[MJ DeMarco]

it's gonna happen, G Dub.... blasphemy & all!

OMG Danielle, that is so YOU, so much more than that clunky Hummer!

 

[biophase]

Yeah, I know you deal with it. The main point of my question was, what's the point? I know this guy who was rich for several years. He recently became bankrupt from spending too much. He's now depressed and suicidal. His rich lifestyle became his new minimum level of survival. His happiness came from having a lot of stuff

There are two things about this statement that you need to realize.

First, this guy's happiness cames from having a lot of stuff. This is his idea of happiness and you can't change that. This has nothing to do with the economy. He has in total control of his destiny.

Secondly, this guy was irresponsible and spent more money than he had. There was no hyperinflation that caused his unhappiness. Therefore, your first post really doesn't apply here.

I think what you are trying to say or are about to figure out is that money itself does not mean happiness. Many of us here already know that and we do not pursue money to purchase things.

 

[Red]

OMG Danielle, that is so YOU, so much more than that clunky Hummer!

LOL!! I only had the Hummer while my baby was in the shop :smxB: I've got her back now so no more behemoth on wheels. It was only a matter of time before I backed over a small child or a hunched-over geriatric pedestrian in that thing.

I should have the bike by the end of this year... that's my photoshop rendition for when I put in the custom fairing order -CAN'T WAIT!!

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Russ H]

I know this guy who was rich for several years. He recently became bankrupt from spending too much. He's now depressed and suicidal. His rich lifestyle became his new minimum level of survival. His happiness came from having a lot of stuff, or maybe feeling like he was a guy who could make as much money as he wanted.

When I designed/built high-end home theaters for a living, I ran into several folks like this.

Guys (and gals) who spent a LOT of money to "be happy"-- to have the coolest/fastest/baddest whatever.

After working w/a few of these nutcases, I learned how to identify the symptoms, and I chose to NOT work w/them.

My whole business structure became about how to identify unhappy people, and how to best extricate myself from a business relationship when I found someone who had the tell tale signs.

Did a lot for my business: Getting rid of the unhappy people gave me WAAAAAY more time (since the unhappy people were NEVER happy), and it helped my overall attitude, since I was now working w/happy people.

Simple concept. Hard to execute. But oh, so worth it.

-Russ H.

 

[Cat Man Du]

I sometimes wonder if giant frogs will one day evolve & start slurping up people left and right like regular frogs today do with flies. The tadpoles would be a bitch to clean out of my swimming pool.



Giant meteors may one day strike the planet again and render us back to stone-age technology from which we evolved. I hope I can sell my wheels for top dollar- I mean, for top shells. I also know how to make fire, so I'm sure my skill set will be in high demand.



You're killin' me, smalls. The citizens of this fair country PIONEERED buying what we don't need to impress people we don't know. "Non-essential" is a laughable term in a country of abundance (which, yes, we still are). I know I'm busting your balls here, Forza, but I'm just curious about what you wanted to accomplish with this post? It hardly seems something that promotes productivity and/or any positive energy? (and yes, I know I'm being ornery here) But, why not spend time figuring out how to capitalize in the moment (or even in the future) if these events do happen to occur? Why not focus on the positive & laying a forward-thinking game plan as opposed to waxing philosophically negative? Some of the greatest fortunes were procured in the worst of financial times and I personally plan on being involved with that end of this spectrum.


The sky may fall, but it's fallen before and we'll be alright. We may even walk away a little wiser & more financially secured for the ware. :smxB:

Red... I think I'm in love...! :smxB:

As a business owner, I don't plan on just lying down and taking it.

But you know me I'm so optimistic I'll go after moby dick in a row boat and bring the tartar sauce with me!

Yeah.................Kung speaks for ALL of us!!!!!! GLAD you're here RED!!!

SPEEEEEEEEEEEEEEEEEEEED to ya!!:yourock:

 

[biophase]

I should have the bike by the end of this year... that's my photoshop rendition for when I put in the custom fairing order -CAN'T WAIT!!

How are you going to carry your bat to softball? Just strap it on your back in a sling? It would look pretty cool if your bat was pink too.

 

[Red]

awww, shucks *hands in pockets, kicking rocks*

You guys sure know how to make a lady blush :smug2: :heartbeat:


:thankyousign:

 

[Cat Man Du]

awww, shucks *hands in pockets, kicking rocks*

You guys sure know how to make a lady blush :smug2: :heartbeat:


:thankyousign:

On a redhead.....that must be really something!! :smx6:

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[PaulRobert]

Yeah, I know you deal with it. The main point of my question was, what's the point? I know this guy who was rich for several years. He recently became bankrupt from spending too much. He's now depressed and suicidal. His rich lifestyle became his new minimum level of survival. His happiness came from having a lot of stuff, or maybe feeling like he was a guy who could make as much money as he wanted.

Many of us here already know that and we do not pursue money to purchase things.

"Happiness cannot be traveled to, owned, earned, worn or consumed. Happiness is the spiritual experience of living every minute with love, grace and gratitude."

- Denis Waitley
​

"If you observe a really happy man you will find him building a boat, writing a symphony, educating his son, growing double dahlias in his garden. He will not be searching for happiness as if it were a collar button that has rolled under the radiator."

- W. Beran Wolfe​

 

[andviv]

Maybe you should simply focus on making the money first, and then worry about the rest later. That is my new way of living. Live the today. Enjoy today. Make money today, enough that last for looong periods of time.

That way I don't have enough time to worry about anything. Pretty cool that way, at least for me.

 

[Forza]

When I designed/built high-end home theaters for a living, I ran into several folks like this.

Guys (and gals) who spent a LOT of money to "be happy"-- to have the coolest/fastest/baddest whatever.

After working w/a few of these nutcases, I learned how to identify the symptoms, and I chose to NOT work w/them.

My whole business structure became about how to identify unhappy people, and how to best extricate myself from a business relationship when I found someone who had the tell tale signs.

Did a lot for my business: Getting rid of the unhappy people gave me WAAAAAY more time (since the unhappy people were NEVER happy), and it helped my overall attitude, since I was now working w/happy people.

Simple concept. Hard to execute. But oh, so worth it.

-Russ H.

Do you mind telling us the symptoms? It'd be so cool to have a business like that.

 

[Forza]

Maybe you should simply focus on making the money first, and then worry about the rest later. That is my new way of living. Live the today. Enjoy today. Make money today, enough that last for looong periods of time.

That way I don't have enough time to worry about anything. Pretty cool that way, at least for me.

I guess by saying this, you're already happy with where you are and will be no matter what happens :smxF: