Anybody ever make a lot of money (millions) and lose/blow it all?

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • futureSE
    Registered User
    • Feb 2004
    • 26
    #1

    Anybody ever make a lot of money (millions) and lose/blow it all?

    I started out around late 90s made a ton of cash from freesites and all sorts of traffic when it was easy to get and in the plenty, and I blew a lot of the money during the stock market crash and non-adult ventures.
    Its been 4 years ,but I'm climbing back up to the top again with greater caution into throwing money around like nothing. Now I don't spend a cent without consultation

    I don't mind blowing so much, because we all need some kind of lessons up early when we are still young

    Anybody else been in this situation before?
    [ Search Engine Traffic]
    [ We are selling it Pre-Pay]

    futuresetraffic[at]yahoo.com
    AIM: futureSEtraffic
    Tags: None
    • Illicit
      wtf ?
      • Dec 2003
      • 11895
      #2
      havent had the luxury, yet.
      Insert Sig Here

        Comment

        • Jimbo
          Confirmed User
          • Oct 2001
          • 3989
          #3
          so you lost millions?
          free sex videos

            Comment

            • chupachups
              Confirmed User
              • Dec 2002
              • 6576
              #4
              Been wealthy and poor several times... rollercoaster..

                Comment

                • booker
                  Confirmed User
                  • Jul 2002
                  • 1370
                  #5
                  I too have not had the luxury.

                  What are you doing to climb back up? Drop me an email, see below.
                  Xanadu024 (aim) or 286785389 (icq)
                  "Hard work beats talent when talent doesn't work hard."

                    Comment

                    • mrthumbs
                      salad tossing sig guy
                      • Apr 2002
                      • 11702
                      #6
                      done so many times.. its part of my self destructive nature.

                      But i always come back bigger and better so i guess its ok.

                        Comment

                        • mrthumbs
                          salad tossing sig guy
                          • Apr 2002
                          • 11702
                          #7
                          not millions tho.. but decent 2 figure percentages of that ;)

                            Comment

                            • futureSE
                              Registered User
                              • Feb 2004
                              • 26
                              #8
                              Originally posted by mrthumbs
                              done so many times.. its part of my self destructive nature.

                              But i always come back bigger and better so i guess its ok.

                              I agree mrthumbs, everytime we take risks and fail, we get a little bit smarter!


                              I lost close to a million, everytime I think about it I have to go hit something to get it off my mind

                              Things I learned about the stock market -
                              don't be a Sheep!

                              About business -
                              profit is more important then fast growth
                              [ Search Engine Traffic]
                              [ We are selling it Pre-Pay]

                              futuresetraffic[at]yahoo.com
                              AIM: futureSEtraffic

                                Comment

                                • CyberTraffic
                                  Confirmed User
                                  • Feb 2004
                                  • 2187
                                  #9
                                  Originally posted by futureSE



                                  I agree mrthumbs, everytime we take risks and fail, we get a little bit smarter!


                                  I lost close to a million, everytime I think about it I have to go hit something to get it off my mind

                                  Things I learned about the stock market -
                                  don't be a Sheep!

                                  About business -
                                  profit is more important then fast growth
                                  Those are some great points.

                                  You are truly blessed if these are lessons you can learn from someone else's mistakes.

                                  Reinvestment is king when running a business is another good one. It's very tempting to go out and blow on fun stuff or catch up on old debt, but quite frankly, if you don't keep the momentum going you could conceivably fall flat on your face.

                                  Set a mark you want to meet of net income that feels comfortable before you start spending.

                                  Just a thought.

                                    Comment

                                    • Za Ha
                                      Confirmed User
                                      • Oct 2001
                                      • 5112
                                      #10
                                      Heard too many stories to blow money on stupid things, plus my father has instilled a good saving mentalism.

                                        Comment

                                        • Za Ha
                                          Confirmed User
                                          • Oct 2001
                                          • 5112
                                          #11
                                          Oh and to add to that, I dont feel sorry one bit for those who blow all their money away and are left on their ass because it was their own stupidity that led them to nothing.

                                          If you blow all your money away and can rebuild your empire in no time all the power to you, but if you cant then you are an idiot.

                                            Comment

                                            • stevecore
                                              Confirmed User
                                              • May 2003
                                              • 6130
                                              #12
                                              you can lose all your money, but it doesnt mean you've lost your memory as to how you made it all in the first place.

                                                Comment

                                                • Za Ha
                                                  Confirmed User
                                                  • Oct 2001
                                                  • 5112
                                                  #13
                                                  Originally posted by stevecore
                                                  you can lose all your money, but it doesnt mean you've lost your memory as to how you made it all in the first place.
                                                  What if your methods dont work in todays markets?

                                                    Comment

                                                    • mrthumbs
                                                      salad tossing sig guy
                                                      • Apr 2002
                                                      • 11702
                                                      #14
                                                      Originally posted by futureSE



                                                      I agree mrthumbs, everytime we take risks and fail, we get a little bit smarter!


                                                      I lost close to a million, everytime I think about it I have to go hit something to get it off my mind

                                                      Things I learned about the stock market -
                                                      don't be a Sheep!

                                                      About business -
                                                      profit is more important then fast growth
                                                      let me add some more how things work for me:

                                                      i do eveything for the money.. fuck it.. im not interested in computers. websites, porn.. i just want to sit back and
                                                      watch telly all day.

                                                      So.. why do i work hard? 12-15 hours a day? Doing all these
                                                      insane projects? Yeah.. money..

                                                      And when money starts to stack up in my bank account
                                                      and i see the statements i HAVE money so why should i work?

                                                      i become lazy.. and when youre lazy all you can do is.. spend money! And trust me.. ive bought some insane things during those periods..

                                                      So the key solution to prevent that is:

                                                      Put virtually every penny back in your company.
                                                      Make plans and budgets in advance so when the money comes
                                                      in you directly HAVE to insert it leaving no excuses to feel rich.

                                                      This sounds like captain obvious speaking but its the main reason
                                                      for all those roller coaster rides people seem to experience ;)

                                                        Comment

                                                        • evildick
                                                          #15
                                                          Never happened to me, but there was a local family, basically your stereotypical trailer trash, that won some huge amount in the lottery, I think 5 million.

                                                          He was set for life, but he decided to move to the U.S. and he spent millions setting up some sort of greenhouse business. Was bankrupt within a few years. Pathetic.

                                                          Why not just stick the money in the bank and live off the interest? It was all over the news around here. It's amazing he never hung himself.

                                                            Comment

                                                            • CyberTraffic
                                                              Confirmed User
                                                              • Feb 2004
                                                              • 2187
                                                              #16
                                                              Originally posted by evildick
                                                              Never happened to me, but there was a local family, basically your stereotypical trailer trash, that won some huge amount in the lottery, I think 5 million.

                                                              He was set for life, but he decided to move to the U.S. and he spent millions setting up some sort of greenhouse business. Was bankrupt within a few years. Pathetic.

                                                              Why not just stick the money in the bank and live off the interest? It was all over the news around here. It's amazing he never hung himself.
                                                              Easy come, easy go.

                                                              There's a lot of meaning to that quote.

                                                              Did'nt hit me until the end of last year.

                                                                Comment

                                                                • Za Ha
                                                                  Confirmed User
                                                                  • Oct 2001
                                                                  • 5112
                                                                  #17
                                                                  Originally posted by mrthumbs
                                                                  ive bought some insane things during those periods..
                                                                  Care to share?

                                                                    Comment

                                                                    • lil2rich4u2
                                                                      ICQ: 175171926
                                                                      • Oct 2002
                                                                      • 11046
                                                                      #18
                                                                      i sat down at the roulette table with $2.5k and through it all on red and won!

                                                                      before the night was over i had $1.4 million dollars in my pocket

                                                                      then my fucking brother kicked the wire out of the playstation and i couldnt save it .....

                                                                      lost it all!!!!!!!!
                                                                      HEY!!

                                                                      Unbeatable hosting! Customer service is top notch!

                                                                      --> ISPrime <-- Do a search on any board, their reputation is rock solid .. for years!!

                                                                        Comment

                                                                        • stevecore
                                                                          Confirmed User
                                                                          • May 2003
                                                                          • 6130
                                                                          #19
                                                                          Originally posted by Za Ha


                                                                          What if your methods dont work in todays markets?
                                                                          then it's time to rethink your methods.

                                                                            Comment

                                                                            • rounders
                                                                              Confirmed User
                                                                              • Sep 2003
                                                                              • 2931
                                                                              #20
                                                                              At tha casinos! hahh
                                                                              ICQ#: 153923840

                                                                                Comment

                                                                                • Firehorse
                                                                                  Desire it and have it!!!
                                                                                  • Apr 2002
                                                                                  • 30767
                                                                                  #21
                                                                                  I ran a few offline businesses from the age of 17-22. When I was 21 I sold half of my main company and took on partners nad it got nasty, I walked away from about $1 million in 1989. As it turns out I am very happy I did, it worked out for the best!
                                                                                  MySweetEbony

                                                                                    Comment

                                                                                    • mrthumbs
                                                                                      salad tossing sig guy
                                                                                      • Apr 2002
                                                                                      • 11702
                                                                                      #22
                                                                                      Originally posted by Za Ha


                                                                                      Care to share?
                                                                                      i build a complete studio, all digidesign protools based + toppings... do the math ;)

                                                                                        Comment

                                                                                        • Donny
                                                                                          As you wish...
                                                                                          • May 2002
                                                                                          • 13754
                                                                                          #23
                                                                                          Originally posted by futureSE
                                                                                          I started out around late 90s made a ton of cash from freesites and all sorts of traffic when it was easy to get and in the plenty, and I blew a lot of the money during the stock market crash and non-adult ventures.
                                                                                          Its been 4 years ,but I'm climbing back up to the top again with greater caution into throwing money around like nothing. Now I don't spend a cent without consultation

                                                                                          I don't mind blowing so much, because we all need some kind of lessons up early when we are still young

                                                                                          Anybody else been in this situation before?

                                                                                          If it answers your question, I went bankrupt on 5 figures MONTHLY income at one time (not millions, but not bad). I learned a lot from that experience. No more wild spending. That's why you don't see me buying Ferrari's and Lambos like many in the biz.

                                                                                            Comment

                                                                                            • Firehorse
                                                                                              Desire it and have it!!!
                                                                                              • Apr 2002
                                                                                              • 30767
                                                                                              #24
                                                                                              I ran a few offline businesses from the age of 17-22. When I was 21 I sold half of my main company and took on partners and it got nasty, I walked away from about $1 million in 1989. As it turns out I am very happy I did, it worked out for the best!
                                                                                              MySweetEbony

                                                                                                Comment

                                                                                                • Basic_man
                                                                                                  Programming King Pin
                                                                                                  • Oct 2003
                                                                                                  • 27360
                                                                                                  #25
                                                                                                  Nop ! And it's okay like this !
                                                                                                  UUGallery Builder - automated photo/video gallery plugin for Wordpress!
                                                                                                  Stop looking! Checkout Naked Hosting, online since 1999 !

                                                                                                    Comment

                                                                                                    • Maximillion
                                                                                                      Confirmed User
                                                                                                      • Apr 2003
                                                                                                      • 795
                                                                                                      #26
                                                                                                      The biggest mistake I made has been picking pussy over my business. Pussy is the biggest distraction I have ever come across when running a business as well as my spending. It also makes you lose sight of your vision or puts it on the backburner.


                                                                                                      Quote from JAN/FEB edition of ESPY magazine:

                                                                                                      WHY GOOD BUSINESS VISISION FADES

                                                                                                      1. A person enteres their own business - The vision is clear and exciting.

                                                                                                      2. Unforeseen obstacles arise - Their vision becomes fuzzy at the edges.

                                                                                                      3. They realise that this is all going to take longer than anticipated - The vision fades.

                                                                                                      4. Money problems arise - The vision is put aside for a while.

                                                                                                      5. Outside influences seem to conspire against progress - The vision is stored away.

                                                                                                      6. Continual employee frustrations - The vision is now 'somewhere'. It doesn't seem practical anymore.

                                                                                                      7. Those close to you encourage you to try something else - Disillusionment. "What vision?"

                                                                                                      Only $600 bucks for this premium domain: email maximillion76 -at- gmail
                                                                                                      (Not to be confused with Topbucks' "AllGayRealityPass.com")

                                                                                                        Comment

                                                                                                        • runaway
                                                                                                          Confirmed User
                                                                                                          • Feb 2004
                                                                                                          • 1177
                                                                                                          #27
                                                                                                          Not yet!

                                                                                                            Comment

                                                                                                            • irishfury
                                                                                                              Confirmed User
                                                                                                              • Aug 2003
                                                                                                              • 2611
                                                                                                              #28
                                                                                                              Truest shit ever said I must one day buy you a beer.

                                                                                                              Originally posted by Maximillion
                                                                                                              The biggest mistake I made has been picking pussy over my business. Pussy is the biggest distraction I have ever come across when running a business as well as my spending. It also makes you lose sight of your vision or puts it on the backburner.


                                                                                                              Quote from JAN/FEB edition of ESPY magazine:

                                                                                                              WHY GOOD BUSINESS VISISION FADES

                                                                                                              1. A person enteres their own business - The vision is clear and exciting.

                                                                                                              2. Unforeseen obstacles arise - Their vision becomes fuzzy at the edges.

                                                                                                              3. They realise that this is all going to take longer than anticipated - The vision fades.

                                                                                                              4. Money problems arise - The vision is put aside for a while.

                                                                                                              5. Outside influences seem to conspire against progress - The vision is stored away.

                                                                                                              6. Continual employee frustrations - The vision is now 'somewhere'. It doesn't seem practical anymore.

                                                                                                              7. Those close to you encourage you to try something else - Disillusionment. "What vision?"
                                                                                                              Trust no one there all snakes

                                                                                                                Comment

                                                                                                                • V_RocKs
                                                                                                                  Damn Right I Kiss Ass!
                                                                                                                  • Nov 2003
                                                                                                                  • 32449
                                                                                                                  #29
                                                                                                                  Can a mod rename this thread to:

                                                                                                                  People you should not be doing business with.

                                                                                                                    Comment

                                                                                                                    • futureSE
                                                                                                                      Registered User
                                                                                                                      • Feb 2004
                                                                                                                      • 26
                                                                                                                      #30
                                                                                                                      To the guys asking if old methods work for a comeback,

                                                                                                                      for me personally, Its all about adapting, Search engine traffic, Link lists , finding new traffic source.
                                                                                                                      The source has changed but the method hasn't changed much, I have to continually search for new traffic sources, or new ways to get the traffic from the sources.

                                                                                                                      The conversions have also went down , I remember back then I was in google.com when it first came out
                                                                                                                      80k uniques a day , bought in 75,000$ a month easy.

                                                                                                                      Its still very possible now, but not as easy as before.
                                                                                                                      You just have to adapt to the new enivorments pretty much
                                                                                                                      [ Search Engine Traffic]
                                                                                                                      [ We are selling it Pre-Pay]

                                                                                                                      futuresetraffic[at]yahoo.com
                                                                                                                      AIM: futureSEtraffic

                                                                                                                        Comment

                                                                                                                        • Lykos
                                                                                                                          Too lazy to set a custom title
                                                                                                                          • Apr 2003
                                                                                                                          • 31027
                                                                                                                          #31
                                                                                                                          I haven't,thanx god

                                                                                                                            Comment

                                                                                                                            • Napolean
                                                                                                                              Misanthropic Egalitarian
                                                                                                                              • Nov 2002
                                                                                                                              • 4330
                                                                                                                              #32
                                                                                                                              ive been broke too long to make any stupid risks
                                                                                                                              HAH! FOUND IT FRIS

                                                                                                                                Comment

                                                                                                                                • VeriSexy
                                                                                                                                  Join The Royal Family
                                                                                                                                  • Apr 2002
                                                                                                                                  • 25463
                                                                                                                                  #33
                                                                                                                                  Nortel
                                                                                                                                  Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN!
                                                                                                                                  Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos                                                                                                                                  .
                                                                                                                                  With TOP RATIO Sites like


                                                                                                                                  ATMovs.com | iTeenVideo.com |                                                                                                                                   TeenSexMovs.com | TeenSexMania.com


                                                                                                                                    Comment

                                                                                                                                    • Paul Markham
                                                                                                                                      Too old to care
                                                                                                                                      • Jun 2001
                                                                                                                                      • 52942
                                                                                                                                      #34
                                                                                                                                      I've never lost millions, but have made and spent some sizable amounts over the years.

                                                                                                                                      Between 22 - 27 years old used to have a market stall and was making £2,000 a week. Spent it all.

                                                                                                                                      Taught me the lesson to invest a little every week. Was in the position to retire 6 years ago. Had enough money to stop working and go sit on a beach for the rest of my days.

                                                                                                                                      Eva walked into my life and now work harder than ever. LOL



                                                                                                                                      Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500.
                                                                                                                                      PM me for a deal. Skype Paulmarkham70

                                                                                                                                        Comment

                                                                                                                                        • Firehorse
                                                                                                                                          Desire it and have it!!!
                                                                                                                                          • Apr 2002
                                                                                                                                          • 30767
                                                                                                                                          #35
                                                                                                                                          Originally posted by V_RocKs
                                                                                                                                          Can a mod rename this thread to:

                                                                                                                                          People you should not be doing business with.
                                                                                                                                          LOL The experience gained is priceless and you never fail until you give up! I have made tens times that over with the experience I learned. Spent a lot, partied, helped my friends and family and travelled more than I can remember.

                                                                                                                                          Well done is better than well said. Here's to those who do!
                                                                                                                                          MySweetEbony

                                                                                                                                            Comment

                                                                                                                                            • Trax
                                                                                                                                              [----------------------]
                                                                                                                                              • Aug 2001
                                                                                                                                              • 14486
                                                                                                                                              #36
                                                                                                                                              Originally posted by V_RocKs
                                                                                                                                              Can a mod rename this thread to:

                                                                                                                                              People you should not be doing business with.
                                                                                                                                              yeah indeed
                                                                                                                                              people who blast millions are morons
                                                                                                                                              that doesnt happen to semi-intelligent people

                                                                                                                                                Comment

                                                                                                                                                Previous template Next
                                                                                                                                                Working...