Re: Becoming a Billionaire is not that hard....
Drivewaygirl
4/3/2012 11:37:33 AM
Maybe the smart winners just avoid publicity, but honestly I can't think of one person who "changed his life" for the better long term by winning one of these.
Re: Becoming a Billionaire is not that hard....
Noreen Seebacher
4/2/2012 3:36:01 PM
I'm with you Scott. I did not buy one ticket. And I'm glad I didn't because I would not have picked any of the winning numbers -- and I would have wasted the money anyway. Besides, I have seen too many of those Lifetime specials about the lottery winners who lose everything within a few years. And what about Hugo on Lost, who wins the lottery and loses his luck (and his mind, although he may have lost that before he won the lottery)?
Re: Becoming a Billionaire is not that hard....
Scott Raynovich
4/2/2012 1:55:48 PM
Speaking of money and priorities I was fascinated by the recent Mega-Millions hysteria. I did not buy a ticket. A few things:
1) People are mistaken if they think winning the lottery will make them happy. In fact, it might make you miserable.
2) I have seen various stats something like 80% or more of Lottery "millionaires" end up broke or bankrupty. Are they happier now?
3) Hitting up $300-$600M in a high-publicity lottery is a nightmare. It would change all of your relationships overnight. It's TOO much money and TOO MUCH PUBLICITY especially if you have none (as is the case with many lottery winners). In all seriousness, I would take a check for $5M and ZERO PUBLICITY before $600M and MEGA PUBLICITY. Seriously.
4) Most people are not prepared for this kind of windfall and would manage it poorly.
5) I think there is a lot more personal reward in working very hard and achieving financial success through professional means than there is hitting a lottery number. Call me naive.
6) The health of family and relationships is to me much more important than money and lotteries have a history of destroying relationships!
Does anybody agree/disagree?
Re: Becoming a Billionaire is not that hard....
Drivewaygirl
4/2/2012 1:45:38 PM
Being a billionare isn't my priority either, but man.. think of the how many doors would open if you had that kind of backing! Oh the places I'd go...
Re: Becoming a Billionaire is not that hard....
Scott Raynovich
3/31/2012 12:00:37 PM
Ashish,
Being a Billionaire is not my #1 priority, though if some deal falls in my lap of course I would take it ;-)
As far as the energy idea, it seems logical, but what about the potential for LPGs? it's my understanding that the overabundance of NatGas is creating lots of foreign demand and that the U.S. is now a net exporter. I believe several export terminals are under construction.
I don't have a huge amount of energy expertise but I'm currently doing a ton of research in this area and I will let you known what I find.
Re: Maybe longer than you think
back2basicz
3/31/2012 4:38:15 AM
Noreen,
Wow!
Gurjdjeff who???
This is something I most definitely need to figure out.
AShish
Becoming a Billionaire is not that hard....
back2basicz
3/31/2012 4:33:23 AM
Scott,
Do you really want to be a Billionaire???
There are two options
One)You move to a country which has Hyper-Inflation/Double Digit Inflation today like Venezuela,Argentina or Angola(It won't take much time to become a Paper Billionaire there...).
Two)Figure out areas where there is a demand-supply mis-match and move decisively to close that Gap.
I have found one such area,if you can fullfill the Demand here,I am positive you will rich beyond your wildest dreams.
So here's the idea.Figure out how to export Thermal Coal and Natural Gas from America (where there is a glut and consequently prices have fallen thanks primarily to the Shale Gas boom but also because of a slowing economy) to India(which is massively energy deficent and is wiling to pay Global market Prices for it today).
You can see it in the prices of major Coal Players(like Peabody) or Major Shale gas players(like Apache);if these guys could just figure out a way to meet unmet demand in India-It would work wonders for their Stock prices.
The Major players that matter in India are
1)Coal India-India's largest Coal Producer ,Importer and the company with the largest Long-term Supply deals in India.
2)NTPC-India's largest Thermal Power Producer(They burn primarily Coal).
3)Petronet LNG-India's largest Natural Gas Importer.
These Three companies are all majority owned by the Government but are also Listed on the BSE.
Then you have
4)Tata Power-India's Largest Private Sector Power Producer
5)Reliance Power-India's Second Largest Private Sector Power Producer
6)Adani Power-The Private sector company with the largest Supply Deficit which is just crying out for Coal and Natural Gas Today.
These three companies are also listed on the BSE.
You sign Deals with any of these guys(for Long-term Supply contracts of minimum one year Duration) and you meet massive unmet demand and consequently become Rich too!!!
Regards
Ashish.
@noreen
that's cool. mysteriously eccentric. I must say, I'm going to have to look that one up.
Maybe. But I'm more aligned with Gurdjieff's fourth way than the way of the monk and meditation.
What if it led you to come up with a multi-billion $ business idea?
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