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Old 06-02-2004, 02:14 AM   #51
Theo
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Old 06-02-2004, 02:14 AM   #52
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Hey KRL got a question about men.com. Are you going to be pushing any merchandise through there? As in goods, luxury items, tangible goods and what not?
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Old 06-02-2004, 02:15 AM   #53
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Quote:
Originally posted by bdjuf
As the author of Rich Dad Poor Dad said...

The secret to being rich is acquiring assets.
If you have to be constantly present in order to run a given business, it becomes a job, not an asset
I like Warren Buffet's philosophy.

"I buy stocks and companies that are worth more than I pay for them. It's as simple as that"

Warren Buffett
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Old 06-02-2004, 02:16 AM   #54
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Quote:
Originally posted by Digipimp
Hey KRL got a question about men.com. Are you going to be pushing any merchandise through there? As in goods, luxury items, tangible goods and what not?
Yeh, I have some luxury domains for that.
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Old 06-02-2004, 02:17 AM   #55
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Quote:
Originally posted by KRL
Well entrepreneurs have to deal with women in a different way. They usually aren't very good at it and just want a showpiece.

I was at a charity function at Mara Lago and talking with Donald Trump and he couldn't take his eyes off my wife and Marla was standing right there not even noticing, and he whispered in my ear how lucky I was to have such a gorgeous beauty and I said back thanks but as you know these types come with a hell of a price tag and he laughed back saying yeh you're telling me.

Well beauty is in the eye of the beholder. All the women I've dated first started dating me not even knowing how much I was worth or that I was an entrepreneur.
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Old 06-02-2004, 02:17 AM   #56
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Quote:
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Yeh, I have some luxury domains for that.
Hmm maybe we should talk about that too sometime. I'll send you an email about it maybe.
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Old 06-02-2004, 02:18 AM   #57
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KRL, when you started out in business, in your 20's, did you have some noticeable capital to start with? some money to invest?
or did you start completely from scratch?

Also, what business did you put your first efforts into? was it the adult biz, or something else? and where would you recommend others to invest or try their luck, as you are seeing the business world today?
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Old 06-02-2004, 02:20 AM   #58
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Quote:
Originally posted by KRL
Well entrepreneurs have to deal with women in a different way. They usually aren't very good at it and just want a showpiece.

I was at a charity function at Mara Lago and talking with Donald Trump and he couldn't take his eyes off my wife and Marla was standing right there not even noticing, and he whispered in my ear how lucky I was to have such a gorgeous beauty and I said back thanks but as you know these types come with a hell of a price tag and he laughed back saying yeh you're telling me.

You have a picture of your ex-wife? Not nude ofcourse, just her face ...I think a lot of us are curious how good looking she is
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Old 06-02-2004, 02:36 AM   #59
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Quote:
Originally posted by alexg
KRL, when you started out in business, in your 20's, did you have some noticeable capital to start with? some money to invest?
or did you start completely from scratch?

Also, what business did you put your first efforts into? was it the adult biz, or something else? and where would you recommend others to invest or try their luck, as you are seeing the business world today?
I started really young. I was the kid on the block that had the lemonade stand that actually made money, the paper route that was bigger than any other kids on the block, the one who was first one to the neighbors houses to shovel snow out of their driveways.

I used to fill my backpack with candy and gum in school. I'd buy it wholesale and do a hefty markup.

Ran the football pools in high school and did really well with that.

I always was good at saving money as a kid.

My family had money from the clothing mfg. industry, but I wanted to strike out on my own, didn't want to be under anyone's thumb and control, and left from Philly to LA when I turned 20.

I had $2,000 in my pocket and that was all.

I've always been fortunate and lucky. Had just a few bad years where it seemed every deal I got into went south and I went really low and fucked up my credit and all that kind of stuff and had to rebuild everything all over again.

My biggest hits in my 20's and 30's were from the clothing industry and the 900 pay-per-call business. We had the Jordache line for California when that changed the jeans industry. I was in the right place at the right time. Caught the first waves on the 900 biz and created some monster sized programs that did millions of calls. I don't know the exact number but its somewhere in the 40 to 50 Million range of paid calls.

I blew a lot living really well, and could have had much more today had I been more prudent in the early days and also not diversified into businesses outside my expertise.
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Old 06-02-2004, 02:39 AM   #60
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KRL, say you were 20 years old now, and had 30000-40000$ in your pocket, what would you do? in what would you invest?
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Old 06-02-2004, 02:42 AM   #61
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Quote:
Originally posted by KRL

I blew a lot living really well, and could have had much more today had I been more prudent in the early days and also not diversified into businesses outside my expertise.
What would you say your expertise is?
the adult industry in general? Paysites? the internet? trading stocks? domain names?
You wear a lot of hats
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Old 06-02-2004, 02:43 AM   #62
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You have a picture of your ex-wife? Not nude ofcourse, just her face ...I think a lot of us are curious how good looking she is
Photography is one of my favorite hobbies. So I have a zillion pics of her. I don't think it'd be smart to post her in here because she'd end up getting photoshopped. A few people in here have seen her pics before.

She looks like a cross between Brooke Shields, Michelle Pfeiffer, Paulina Poriskova, and Carol Alt.

One of the hardest things was walking around with her by my side and having people everywhere we went turn their heads, stare and gawk. It used to drive me crazy, but came with the territory.
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Old 06-02-2004, 02:44 AM   #63
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Quote:
Originally posted by clickhappy
What would you say your expertise is?
the adult industry in general? Paysites? the internet? trading stocks? domain names?
You wear a lot of hats
Marketing.
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Old 06-02-2004, 02:47 AM   #64
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Quote:
Originally posted by KRL

One of the hardest things was walking around with her by my side and having people everywhere we went turn their heads, stare and gawk. It used to drive me crazy, but came with the territory.
that would turn me on, that everyone is looking at her but can't have her, cuz she's all mine lol
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Old 06-02-2004, 02:56 AM   #65
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Originally posted by bdjuf
KRL, say you were 20 years old now, and had 30000-40000$ in your pocket, what would you do? in what would you invest?
As many things as you can where you are active in the biz. My worst deals where I lost money were the ones where I was a passive investor in businesses I wasn't experienced at and not an active partner.

After enough of those crappers, I learned my lesson and recognized the best investment is in myself and creating my own deals.

I'm setting up a new company right now to develop out RealEstateForSale.com. Rick (Webfather) is going to be a partner with me on it. If you can provide creative, marketing, etc. type services we'll need or just want to pop in a few $ on the startup capital for it, I might be making a few positions available in our LLC.

[email protected]
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Old 06-02-2004, 02:58 AM   #66
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Originally posted by clickhappy
that would turn me on, that everyone is looking at her but can't have her, cuz she's all mine lol
Yeh its fun. But when you're at the mall and you get up to go to the bathroom and you come back and someone is trying to hit on her nearly everytime you piss, it gets a bit annonying.

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Old 06-02-2004, 03:01 AM   #67
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one more question, why did you decide to move leave california and move to florida? and are you glad you did it?

Im asking because I'm looking to move somewere warm and beachy and Im torn between southern california and florida.
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Old 06-02-2004, 03:04 AM   #68
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Originally posted by clickhappy
one more question, why did you decide to move leave california and move to florida? and are you glad you did it?

Im asking because I'm looking to move somewere warm and beachy and Im torn between southern california and florida.
January 17, 1994 4:29AM

6.8 on the Richter Scale

I had 16 great years in LA. Was about to have my son and that earthquake hit us hard and I said I never want to go through this ever again and decided the only place that had as close as possible to the LA lifestyle and nice year round weather was Florida.
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Old 06-02-2004, 03:43 AM   #69
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My wife keeps telling I'm a workaholic

I need to manage my time better.
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Old 06-02-2004, 03:47 AM   #70
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Originally posted by KRL
I'm setting up a new company right now to develop out RealEstateForSale.com. Rick (Webfather) is going to be a partner with me on it. If you can provide creative, marketing, etc. type services we'll need or just want to pop in a few $ on the startup capital for it, I might be making a few positions available in our LLC.

[email protected]
are you still looking for major investors?

cheers...
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Old 06-02-2004, 04:02 AM   #71
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Great thread thanks.

So you see control as the biggest reason for success in a venture? Lack of it causing failure?

Lack of control being a passive investment. I can relate to not investing outside your core expertise.
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Old 06-02-2004, 04:11 AM   #72
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My daughter's chickenpox woke me up - A blessing in disguise!
Great read, inspiring to say the least and I didn't have to go through a ton of gibberish to find an interesting thread. This, my friends is priceless! Thanks KRL & rest of community with the good questions.
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Old 06-02-2004, 04:18 AM   #73
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Quote:
Originally posted by quiet
are you still looking for major investors?

cheers...
We're just setting up the LLC for RealEstateForSale.com now. I think we have it covered, but I'm always open to making room in the boat for additional rowers.

Its going to be a nice long term revenue producer no doubt, easy to run, and for real estate worlwide.



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Old 06-02-2004, 04:21 AM   #74
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Quote:
Originally posted by slapass
Great thread thanks.

So you see control as the biggest reason for success in a venture? Lack of it causing failure?

Lack of control being a passive investment. I can relate to not investing outside your core expertise.
What I'm saying is stick to the industries you know best. Be an active partner where you can contribute to help the company get off the ground and get rolling.
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Old 06-02-2004, 04:36 AM   #75
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slapass,
I think the advice is, don't get into a business that you have no idea how it works. Know the ins & outs of your business. Know, from start to finish, how to produce your product/sale, your costs and find the loopholes in between. You can be a great marketer and sales can be greater than ever, but if you can't distinguish how your partner is screwing you, it's all in vain.


Edit: At least I think that's what he's saying
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Old 06-02-2004, 04:36 AM   #76
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Quote:
Originally posted by KRL
We're just setting up the LLC for RealEstateForSale.com now. I think we have it covered, but I'm always open to making room in the boat for additional rowers.

Its going to be a nice long term revenue producer no doubt, easy to run, and for real estate worlwide.



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If there is space I'd like to be in, maybe with a chip, but I really esteem you a lot
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Old 06-02-2004, 04:43 AM   #77
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Finally a quality thread!
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Old 06-02-2004, 04:45 AM   #78
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Quote:
Originally posted by KRL
What I'm saying is stick to the industries you know best. Be an active partner where you can contribute to help the company get off the ground and get rolling.

K thanks. That pretty much matches what I have seen and done. Go outside what you know and you hit that learning curve all over again. Chance of failure is thus raised.

It is hard to not want to grow and try new stuff. So there has to be a balance to it.
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Old 06-02-2004, 04:50 AM   #79
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Originally posted by KRL
LOL - my peak so far has been 28M

My stocks got whacked in the dot com fallout which sucked royally.

It's kind of hard to figure now because everyone has different opinons on the values of Internet businesses.

My 2 goals are still 100M and then a quick ride up to B land through some acquisition maneuvering I'm laying plans for with the stuff I'm working on now.

I've gone through the Donald Trump stage a couple times over the past 20 years where everything on paper went into the neg, cause of some real estate deals and other high risk deals I got sucked into, but have always bounced right back like he did by focusing again on things I know best.

I lived more extravagently when I was single. Having children changes your perspective on the way you spend money since you're now responsible for the well being of your kids. So I don't spend money foolishly on myself anymore.

My kid is set for life now though which is all that matters to me.

I'm not into money for the money anymore though obviously you have to keep that a part of things. I just like creating and building new things.

When you do things you love the money takes care of itself.
The last Line says it all
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Old 06-02-2004, 06:53 AM   #80
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Bump for more inspiration to others :-)
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Old 06-02-2004, 07:06 AM   #81
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Quote:
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When you do things you love the money takes care of itself.
still waiting on this one......
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Old 06-02-2004, 07:13 AM   #82
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Some great advice in this thread, thanks for being so open about your life and experiences.

DH
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Old 06-02-2004, 07:17 AM   #83
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Quote:
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I spoiled my wives rotten which was a big mistake looking back.
If it's not prying, can you elaborate on this? One of my concerns in my own family is spoiling my children, I always want them to grow up level headed with a respect for money and their less fortunate peers, but it never really occurred to me to also watch out spoiling the wife.
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Old 06-02-2004, 07:18 AM   #84
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Some great advice in this thread, thanks for being so open about your life and experiences.

DH
Its always fascinating to really hear what life experiences people have been through. A lot of the personalities on this board I'd like to get to know better.
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Old 06-02-2004, 07:21 AM   #85
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I would certainly love to talk to you more, KRL. I've been meaning to ask you to get in touch with me for a while now, but I let myself get sidetracked by work, n stuff Please, I'd love to chat. Icq 3522039 or email treasure at jactstudios.com
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Old 06-02-2004, 07:27 AM   #86
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Old 06-02-2004, 07:34 AM   #87
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KRL

You seem to be a really nice guy and very open even though you are pretty wealthy in my oppinion. There are not many people left that can be so sincere about things.



I have some projects of my own and would love to talk with you sometime about the upcoming business and just some general chat.

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Old 06-02-2004, 07:36 AM   #88
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Originally posted by KRL
Its always fascinating to really hear what life experiences people have been through. A lot of the personalities on this board I'd like to get to know better.
I agree, KRL. With all due respect, the 28M is fascinating and inspiring, but what inspires me more is that you mention that at one point in your life, you were left with $1.00 in your pocket. You also mention that your second separation/divorce brought on a depression, yet you managed to get through that too.

What I'd like to know (and I believe so many others surf here looking for this) are the obstacles you (or anyone else willing to share) went through to get there, financial, human, emotional or bad decision-making processes.

If you, or anyone else here for that matter, ever decide to elaborate on those - could give tips on things to avoid, things that in retrospect brought on more 'bad luck' - please, make sure to point me to that thread.
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Old 06-02-2004, 07:38 AM   #89
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Quote:
Originally posted by scoreman
If it's not prying, can you elaborate on this? One of my concerns in my own family is spoiling my children, I always want them to grow up level headed with a respect for money and their less fortunate peers, but it never really occurred to me to also watch out spoiling the wife.
Both my ex and I are pretty bad about spoiling our son. I don't splurge on myself much, but with him I do. I don't know if its good or bad. My ex is worse, she buys him designer everything.

Probably since he's our only child when you have just one you tend to do that more.

I really spoiled my ex-wife and I think it wasn't a good thing because she completely lost her sense of values from me doing that. Anything she wanted I would buy her. She was so down to earth when I met her and became less and less so as our years together grew and she acummulated more and more possessions. She started becoming dependent on buying things to provide her happiness fix. That's not a good thing. I know a lot of guys do that and you end up one day where your wife has everything and she starts saying I'm not happy more and more.
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Old 06-02-2004, 07:49 AM   #90
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Quote:
Originally posted by Trixxxia
I agree, KRL. With all due respect, the 28M is fascinating and inspiring, but what inspires me more is that you mention that at one point in your life, you were left with $1.00 in your pocket. You also mention that your second separation/divorce brought on a depression, yet you managed to get through that too.

What I'd like to know (and I believe so many others surf here looking for this) are the obstacles you (or anyone else willing to share) went through to get there, financial, human, emotional or bad decision-making processes.

If you, or anyone else here for that matter, ever decide to elaborate on those - could give tips on things to avoid, things that in retrospect brought on more 'bad luck' - please, make sure to point me to that thread.

Well it comes with being an entrepreneur. Doing high risk deals is risky business. Some go as planned some don't. You have to be prepared for either event financially and emotionally. Its easy to quit its harder to keep rowing.

Sometimes you have to push your working capital base to its limit when you're just about there on a project and it needs that final push. Sometimes it still doesn't fly and you're left standing there saying oh shit now what.

The key is to keep your head together when everyone else around you starts to lose theirs. You have to stay calm and collected and figure out solutions to get through the years where things just don't work out as expected. You have to be creative and resourceful. You must know there is always a way out of every situation no matter how bad. You just have to look for it and sometimes create it. But there is always a way.

The biggest advice I would give when you're young is to not let your ego think you're invincible and that everything you do from now on is going to be a guaranteed success just cause you've have a few great succeeses.

Everyone fails from time to time. You can't let yourself think you're going to keep rolling 7's forever on the crap table. Business just doesn't work that way.
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Old 06-02-2004, 08:03 AM   #91
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i truly appreciate your willingness to share the insight you have worked your life to attain.
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Old 06-02-2004, 08:13 AM   #92
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Old 06-02-2004, 08:16 AM   #93
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Quote:
Originally posted by KRL
Well it comes with being an entrepreneur. Doing high risk deals is risky business. Some go as planned some don't. You have to be prepared for either event financially and emotionally. Its easy to quit its harder to keep rowing.

Sometimes you have to push your working capital base to its limit when you're just about there on a project and it needs that final push. Sometimes it still doesn't fly and you're left standing there saying oh shit now what.

The key is to keep your head together when everyone else around you starts to lose theirs. You have to stay calm and collected and figure out solutions to get through the years where things just don't work out as expected. You have to be creative and resourceful. You must know there is always a way out of every situation no matter how bad. You just have to look for it and sometimes create it. But there is always a way.

The biggest advice I would give when you're young is to not let your ego think you're invincible and that everything you do from now on is going to be a guaranteed success just cause you've have a few great succeeses.

Everyone fails from time to time. You can't let yourself think you're going to keep rolling 7's forever on the crap table. Business just doesn't work that way.

Great advice, thanks! Could always use a boost or reminder that not everyone has a silverspoon and not everyone climbs a non-stop ladder to 'success'. It's comforting to know that even the best or most successful go up a ladder and at times have had to come down, willingly or with clenched teeth. Thanks for your openness on something most people hold on to with dear life.
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Old 06-02-2004, 08:18 AM   #94
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the funny thing in contrast to krl, is that i've never had a seriousl girlfriend that came after the money. my last gf came just when i was up and coming... after much reflection, the main reason we broke up was my complete dedication to my business.

i have since found there are many other things worth doing in life, besides building business (s).
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Old 06-02-2004, 08:23 AM   #95
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i like reading things like this.

it helps me look past the caspers and ghosts in my life who have truied to take advantage of me. I can only imagine the money involved in some od the bad deals that went sour.

bookmarked.
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Old 06-02-2004, 08:25 AM   #96
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Originally posted by KRL
My biggest hits in my 20's and 30's were from the clothing industry and the 900 pay-per-call business. We had the Jordache line for California when that changed the jeans industry. I was in the right place at the right time.
hey I was sporting Jordache jeans back then, now those jeans are worth $$$ if you can find a nice pair in vintage clothing shops. Good stuff
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Old 06-02-2004, 08:27 AM   #97
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Originally posted by KRL
Well entrepreneurs have to deal with women in a different way. They usually aren't very good at it and just want a showpiece.

I was at a charity function at Mara Lago and talking with Donald Trump and he couldn't take his eyes off my wife and Marla was standing right there not even noticing, and he whispered in my ear how lucky I was to have such a gorgeous beauty and I said back thanks but as you know these types come with a hell of a price tag and he laughed back saying yeh you're telling me.


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Old 06-02-2004, 08:37 AM   #98
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Originally posted by M_M
curious minds wanna know

inspire us a little
I am more interested in a man's love making skills than his freakin bank account !

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Old 06-02-2004, 08:41 AM   #99
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Originally posted by quiet
the funny thing in contrast to krl, is that i've never had a seriousl girlfriend that came after the money. my last gf came just when i was up and coming... after much reflection, the main reason we broke up was my complete dedication to my business.

i have since found there are many other things worth doing in life, besides building business (s).
If it takes over your life & personal balance - then the money is not worth it. Trust me on this - unless you like being a slave of greed. If you can't enjoy it and it doesn't allow you to fulfill your life and years, then it's not worth it. That's the way I see it. I understand sacrificing at the beginning - but after awhile, when does it become enough? I'm not saying stop and let the bank account go down, but relax - it doesn't have to double yearly

BTW, when are you coming back to Montreal?
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Old 06-02-2004, 08:43 AM   #100
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Originally posted by Honeyslut
I am more interested in a man's love making skills than his freakin bank account !

Heheheh.......sure, until he starts living off of you

Might want to invest on a good shower head, vibrator and a few batteries - they'll do the job and won't suck up your finances

Kidding guys!!
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