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Apr 13, 2007 10:05 pm

drive home on a Friday and wonder what the heck they are doing in this business?? One of my clients is about 35 years old and owns 7 McDonalds..Says he spends 10 minutes per store per week...makes about $475,000 (No grid).

Apr 13, 2007 10:17 pm

I get a much bigger return on the money that I put into my business than he does. All brokers do.

Apr 13, 2007 10:41 pm

  thats hillarious!!  First of all he borrowed everything..he had no money...45 brokers in my office and over 1/2 doing under 250K Gross..How do figure they make more than he does?? Your math is brilliant, you probably were meant for this business..


Apr 13, 2007 10:45 pm
fritz:

  thats hillarious!!  First of all he borrowed everything..he had no money...45 brokers in my office and over 1/2 doing under 250K Gross..How do figure they make more than he does?? Your math is brilliant, you probably were meant for this business..




How much money do those pikers put into their businesses? I'll give you a hint - that answer rhymes with "zero." You just made yourself look stupid.

Apr 13, 2007 10:46 pm

You do not count putting in 60 hour weeks for 5 years putting nothing into your business...The Mcdonalds guy works about and 1 1/2 per week.

Apr 13, 2007 10:52 pm
fritz:

You do not count putting in 60 hour weeks for 5 years putting nothing into your business...The Mcdonalds guy works about and 1 1/2 per week.


I'm talking about return on MONEY. Nothing else. You just removed all doubt that you are stupid. Trust me, your McDonald's guy busted his ass to get where he is, too, and he'd be insulted if he knew how your were portraying him.

Apr 14, 2007 2:00 am

Wow, good one, bong hit Bobby.


Apr 14, 2007 2:05 am
silouette:

Wow, good one, bong hit Bobby.




Thanks. I'm just putting on the Fritz.

Apr 14, 2007 2:12 am

More like, Fritz the Cat.

Apr 14, 2007 7:02 am
Bobby Hull:

I get a much bigger return on the money that I put into my business than he does. All brokers do.



Simply claiming that you get a larger percentage return on the money you put in your business is a meaningless response to the question asked in the original post.  I could easily say that I invested $25 two weeks ago to pay for lunch with a prospect, and that led to him bringing over $1MM, of which I will generate 1% (which goes on the grid)  So, yeah, the return on that $25 could seem huge, except for the fact that it was a one time event, and it doesn't account for all the $25 lunches that didn't bring in any accounts. (and we're not even including the time factor)

The guy's client brings home $475k before taxes (generated from borrowed money)

So, to cut through your BS, please tell us all how much money you invest in your business that results in your bringing home $475k, and then tell us the types of things within your business that you put this invested money in.

P.S. I won't hold my breath waiting for you to answer.

Apr 14, 2007 12:05 pm
ManagedMoney:
Bobby Hull:

I get a much bigger return on the money that I put into my business than he does. All brokers do.



Simply claiming that you get a larger percentage return on the money you put in your business is a meaningless response to the question asked in the original post.  I could easily say that I invested $25 two weeks ago to pay for lunch with a prospect, and that led to him bringing over $1MM, of which I will generate 1% (which goes on the grid)  So, yeah, the return on that $25 could seem huge, except for the fact that it was a one time event, and it doesn't account for all the $25 lunches that didn't bring in any accounts. (and we're not even including the time factor)

The guy's client brings home $475k before taxes (generated from borrowed money)

So, to cut through your BS, please tell us all how much money you invest in your business that results in your bringing home $475k, and then tell us the types of things within your business that you put this invested money in.

P.S. I won't hold my breath waiting for you to answer.


So the guy makes $10,000 per year on one $25 lunch. Do you really think he failed to raise money from the other 399 lunches. Did you think about your comment before you decided to look stupid?

Apr 14, 2007 2:00 pm
Bobby Hull:
ManagedMoney:
Bobby Hull:

I get a much bigger return on the money that I put into my business than he does. All brokers do.



Simply claiming that you get a larger percentage return on the money you put in your business is a meaningless response to the question asked in the original post.  I could easily say that I invested $25 two weeks ago to pay for lunch with a prospect, and that led to him bringing over $1MM, of which I will generate 1% (which goes on the grid)  So, yeah, the return on that $25 could seem huge, except for the fact that it was a one time event, and it doesn't account for all the $25 lunches that didn't bring in any accounts. (and we're not even including the time factor)

The guy's client brings home $475k before taxes (generated from borrowed money)

So, to cut through your BS, please tell us all how much money you invest in your business that results in your bringing home $475k, and then tell us the types of things within your business that you put this invested money in.

P.S. I won't hold my breath waiting for you to answer.


So the guy makes $10,000 per year on one $25 lunch. Do you really think he failed to raise money from the other 399 lunches. Did you think about your comment before you decided to look stupid?



I didn't make $10,000 from one $25 lunch.  That amount went to the grid, so I make about $4,000. 

$4,000 doesn't equal $475,000...and 120 more lunches won't equal $475,000 either.

The point of the original thread was that the guy's client makes $475,000 a year by using someone else's money.  Your reply to his post, as usual, did not address his point.

Apr 14, 2007 2:14 pm
ManagedMoney:
Bobby Hull:
ManagedMoney:
Bobby Hull:

I get a much bigger return on the money that I put into my business than he does. All brokers do.



Simply claiming that you get a larger percentage return on the money you put in your business is a meaningless response to the question asked in the original post.  I could easily say that I invested $25 two weeks ago to pay for lunch with a prospect, and that led to him bringing over $1MM, of which I will generate 1% (which goes on the grid)  So, yeah, the return on that $25 could seem huge, except for the fact that it was a one time event, and it doesn't account for all the $25 lunches that didn't bring in any accounts. (and we're not even including the time factor)

The guy's client brings home $475k before taxes (generated from borrowed money)

So, to cut through your BS, please tell us all how much money you invest in your business that results in your bringing home $475k, and then tell us the types of things within your business that you put this invested money in.

P.S. I won't hold my breath waiting for you to answer.


So the guy makes $10,000 per year on one $25 lunch. Do you really think he failed to raise money from the other 399 lunches. Did you think about your comment before you decided to look stupid?




I didn't make $10,000 from one $25 lunch.  That amount went to the grid, so I make about $4,000. 

$4,000 doesn't equal $475,000...and 120 more lunches won't equal $475,000 either.

The point of the original thread was that the guy's client makes $475,000 a year by using someone else's money.  Your reply to his post, as usual, did not address his point.


I can't even discuss money with someone who is stupid enough to give 60% of his money to a brokerage firm. You know nothing about being an entrepreneur. If I ever need to learn about being an employee, you will be the first one that I look for.

Apr 14, 2007 2:24 pm
fritz:

drive home on a Friday and wonder what the heck they are doing in this business?? One of my clients is about 35 years old and owns 7 McDonalds..Says he spends 10 minutes per store per week...makes about $475,000 (No grid).



I call bs on this one....

No way some clown owns 7 franchises at the age of 35 without Daddy's money or winning the lottery, and no way he spends 10 minutes per store per week unless he has a really good GM under him.....

Apr 14, 2007 4:07 pm

I can guarantee you this story is total BS.


One of my best clients is a MCD's franchisee. He owns 10 stores and I know his numbers inside out. There is no way a guy with only 7 stores is pulling out 475k of the biz... Let alone spending only 10 min a day per store.  At his age he still has too much debt to pull out that much cash. McGarbage.


Apr 14, 2007 5:38 pm

Borrowed some Dough from 3 friends for the first store (repayed back within one year)...Then McDonalds financed the other locations..His best store makes 120K, worst store makes 60K.  I have known the guy since college and it is all very clear..I have been a witness to every step along the way.  In the beginning he worked to learn the business, but last 5 years time is spent on other things..He does not put in more than 2 hours per week into this restuarant stuff.  He had the iniative and made it happen.  My point is there are easier ways to make a buck than being a "finacial advisor" unless you have a lot of connections or family money.  The fact that most split 60/40 with the house, then taxes, makes me wonder about my decision.  My view is most successful people would say the house does not deserve 60%.  Also he makes money when is not working, which Buffet says is the key to making $$.

Apr 14, 2007 5:53 pm
fritz:

Borrowed some Dough from 3 friends for the first store (repayed back within one year)...Then McDonalds financed the other locations..His best store makes 120K, worst store makes 60K.  I have known the guy since college and it is all very clear..I have been a witness to every step along the way.  In the beginning he worked to learn the business, but last 5 years time is spent on other things..He does not put in more than 2 hours per week into this restuarant stuff.  He had the iniative and made it happen.  My point is there are easier ways to make a buck than being a "finacial advisor" unless you have a lot of connections or family money.  The fact that most split 60/40 with the house, then taxes, makes me wonder about my decision.  My view is most successful people would say the house does not deserve 60%.  Also he makes money when is not working, which Buffet says is the key to making $$.


He repaid $1,000,000 in his first year? Did you "witness" that?

Apr 14, 2007 6:32 pm

  You are brilliant..Where do you come up with your numbers..He bought the first one for 675K..put 20% down...He had about 30K and borrowed the other 100K from a few friends and paid the 100K back+ a little interest..He nets about 475K currently after expenses which include the interest he pays on the current debt..What part do you not get?? On his later purchases he put very very little down..Everything is pretty much financed.

Apr 14, 2007 7:29 pm
Bobby Hull:
ManagedMoney:
Bobby Hull:

[quote=ManagedMoney] [quote=Bobby Hull]I get a much bigger return on the money that I put into my business than he does. All brokers do. [/quote]

Simply claiming that you get a larger percentage return on the money you put in your business is a meaningless response to the question asked in the original post.  I could easily say that I invested $25 two weeks ago to pay for lunch with a prospect, and that led to him bringing over $1MM, of which I will generate 1% (which goes on the grid)  So, yeah, the return on that $25 could seem huge, except for the fact that it was a one time event, and it doesn't account for all the $25 lunches that didn't bring in any accounts. (and we're not even including the time factor)

The guy's client brings home $475k before taxes (generated from borrowed money)

So, to cut through your BS, please tell us all how much money you invest in your business that results in your bringing home $475k, and then tell us the types of things within your business that you put this invested money in.

P.S. I won't hold my breath waiting for you to answer.
[/quote]


So the guy makes $10,000 per year on one $25 lunch. Do you really think he failed to raise money from the other 399 lunches. Did you think about your comment before you decided to look stupid?



I didn't make $10,000 from one $25 lunch.  That amount went to the grid, so I make about $4,000. 

$4,000 doesn't equal $475,000...and 120 more lunches won't equal $475,000 either.

The point of the original thread was that the guy's client makes $475,000 a year by using someone else's money.  Your reply to his post, as usual, did not address his point.


I can't even discuss money with someone who is stupid enough to give 60% of his money to a brokerage firm. You know nothing about being an entrepreneur. If I ever need to learn about being an employee, you will be the first one that I look for.



Once again I notice that you are completely impotent when it comes to actually discussing the point of a thread.

When someone knows the facts, they argue the facts.  When someone doesn't know the facts, they pound the table and make a lot of noise.  You win the prize for the biggest noise maker.




Apr 15, 2007 1:23 am
fritz:

  You are brilliant..Where do you come up with your numbers..He bought the first one for 675K..put 20% down...He had about 30K and borrowed the other 100K from a few friends and paid the 100K back+ a little interest..He nets about 475K currently after expenses which include the interest he pays on the current debt..What part do you not get?? On his later purchases he put very very little down..Everything is pretty much financed.



No way the banks would have let him get financing with only 30k of his own money and the rest in "gift loans" from friends.  Banks want to know the source of funds for a downpayment.