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Not to beat a dead horse...but if a wealthy person wants something - the price is no longer the issue. Try telling a wealthy person they have to wait, or they cannot order a Laf because they don't fit the requirements. lol
I think I read somewhere that over 500 billionaires reside in the USA alone.
Anyone of them buying this Laf for $5 mil, is like you or I walking into a candy store, and paying .03 for a skittle, when it's only worth .01.
People forget how many of these wealthy people end up bankrupt for making such dumb decisions. Happens all the time.
Not to beat a dead horse...but if a wealthy person wants something - the price is no longer the issue. Try telling a wealthy person they have to wait, or they cannot order a Laf because they don't fit the requirements. lol
I think I read somewhere that over 500 billionaires reside in the USA alone.
Anyone of them buying this Laf for $5 mil, is like you or I walking into a candy store, and paying .03 for a skittle, when it's only worth .01.
There maybe 500 Billionaire's in the US. Almost all of them on paper though and would not be able to turn their value "Liquid" in a week let alone a month. They are only worth that much depending on market's and other conditions - we all know this but it ain't much of a stretch for one to come up with a few hundred million. Paper Giant's with net worth changing daily.
Still I wouldn't mind being number 501 on that list!
if you have a billions bucks..aka 1000 million cash, shelling out 5 mill and having 995 million left...its a pittens.
Well that is the Trick. If you have a Billion dollars you won't have it in cash. It will be tied up somewhere building more wealth. I know if you had just even a few $20 million in a bank it's not getting compounded every month but actually Continously. I know if I had that much just in an account, which is stupid, it would be compounded continously and at a few points higher than your regular Joe Shmoe for the bank's would be more than happy to have that cash. The only reason to have masses of money in account's would be for Pay Roll or other high cost transaction's that happen regularly.
Of course Steve Wynn or the Koch Brother's could snap their greedy little finger's and have $5 million by the end of the day for some type of purchase, that goes without saying. But it's not like they have it just laying around. They didn't get wealthy just because they got wealthy because of smart business moves, having their wealth work for them and A LOT OF LUCK. But I know you know this already.
One of my best friend's I use to work with in the mid 90's while going to school lived with his uncle on Naples Island in a Condominium Block his uncle built during the 70's. They occupied half of the top floor but the funny thing was his uncle never had any money. Sure he owned The Condo Block but all of his money was literally tied up in investment's all of the time. The man was rich but he still didn't have any money until he was paid the rent for the Condo's he still owned in the building. At the start of the month he had money but by the end literally nothing.
07-30-2015, 09:07 AM
