Jealous of entrepreneurs

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But good business and smart business owners got that way by going into lots of debt to invest in their company and buy cash flowing assets like oil wells and rental houses and using the cash from those assets to pay the Range Rover lease the great motto of business that I love is other peoples money ie banks and then all their debt saves them money on taxes

While there is good debt and bad debt, not all successful business people grow their fortunes via other peoples' money. Some have strict policies/advice to never Ever borrow money - like one of my favourite Billionaires, Frank Giustra.

But sometimes debt can be good debt if it's making money vs. consumer debt costing money for no financial gain. It's just that it's most certainly not a hard and fast rule that all good businesses/owners got wealthy via leveraging debt.

Good point like Dave Ramsey grew debt free my company is debt free but we have access to a line of credit when we need it but most big corporAtions have debt and I will have to borrow billions to get to where I want to the oil business but I plan on being on being very safe but at the same I would take calculated risk with lots of debt

Think it's worth pumping Billions into fossil fuels as the world makes the shift away from them?

Sure, they're gonna be around a while yet.. But, the transition to renewable electricity and nuclear power is going to take a massive bite out of the oil/gas industry. That's why pipelines are being cancelled, gas liquification plants cancelled, more refineries aren't being built etc - because these things cost Billions and require a very long term operating plan in order to pay for themselves and start turning a profit. Decades out from now we may still use fossil fuels for some things, but not for nearly as many things as we do today..

There are so many different fossil fuel products that every body uses on a daily basis besides fuels I hope nuclear gets a lot bigger but I think there willl always be a need for oil gas coal those teslas run on power generated by fossil fuels for the most part I am not afraid of green energy but I do want to get involved in nuclear and green energy too I thinks it’s great that Texas has become the wind energy capital of the country and also there is a lot of solar power potentional in the state as well but investing billionsin developmental fracking wells is like shooting fish in a barrel in terms of probability of being a good investment if done correctly I can buy highly profitable old stripper wells that nobody wants that are more profitable than fracking that pay off in one month I looked at buying fifty wells the other day and we may develop twenty wells in another state soon I’ll just have my future operating company go bankrupt if I have to and start all over I would make a lot of money from taking the company public like I want to I just won’t personally guarantee the debt and I’ll just renogiate with the banks if it comes to that and sell marginal assets to shore up the company finances if I need to I don’t think the world will ever run out of oil and gasto extract once additional technology is developed in the future and prices become profitable for todays marginal and unprofitable oil and gas fields and future leases say I do lose millions and go bankrupt I can carry forward my losses and never pay federal income taxes again legally I don’t need much to be happy i will still have my trust fund if I lose my oil company Soto answer your question I think gambling billions on fossil fuels is more than worth it but I’ll be sure to have lots of cash on hand at all times just to be safe

And does the fact that the Arctic and Antarctic are something like 40 degrees Celsius above average right now not weigh heavily on these decisions?

We have more Teslas here than anywhere else in Canada and they’re all charged via hydroelectricity. There’s a new 10 megawatt dam being built right now, too. It’s going to destroy a beautiful valley, but it’ll make a lot of juice without burning coal.

Wind solar tidal run of river hydro dams with turbines and nuclear are all options to replace fossil fuel power plants. We have the technology, we just need the will to do it.

Personally, you couldn’t pay me enough money to destroy the entire world via increased fossil fuel burning. I don’t know how you can reconcile that and be okay with involvement in high level decisions to poison the planet for your own financial gain when there are other energy sources to make the switch to - and make money in.

Welll I do it because i love my job and everyone needs petroleum products I love the thought of having a chance of having billions upon billions of wealth and creating jobs and helping Texas America New Mexico and then world and legally paying no federal income taxes for the rest of my life and getting stimulus checks in the future even when making tens of millions a month I also do it to have enough money to do hostile takeovers of public corporations by being a corporate raider and being able to buy lots of cash flowing real estate and land and I also do it because I want to be like t boone Pickens and a greenmailer I also do it because I want to be a banker and buy banks and or start a bank and just be a financier and be a big time rancher and start a private equity company and do leveraged buyouts

Last edited by Texasmoneyman300 on 27 Mar 2022, 10:10 pm, edited 3 times in total.

another thing i've noticed about that type is that they all are geniuses at social intelligence above all else. i know how to read people and are intimately familiar with the psychology of various demographic groups.

I agree about nuclear being a great option I think geothermal needs to be developed I am planning on hopefully in solar wind hydro nuclear and geothermal industries as a entreprenuer but those industries just are not profitable in Texas on their own I mean wind and solar I think way more nuclear plants need to be built but I think nuclear and geothermal are the alternatives that have the most potentional given the fact that you can’t count on the wind and sun most of the time I think it could be to our advantage to use less fossil fuels in America so we could export oil gas coal to China and India and Western Europe I am trying to convice my dad to get involved in green energy I mean you can’t count on wind and sun all the time also the typical middle class American can only afford a gasoline powered vehicle and not a Tesla I can live with myself because I am proving the world with its industrial lifeblood that helps lift billions out of extreme poverty which is oil and gas everyone would be in third world poverty if nobody produced oil gas and coal I respect your opinion bro I also do it because it’s either that or work for min wage

Last edited by Texasmoneyman300 on 29 Mar 2022, 5:22 am, edited 2 times in total.

Ya I think a big part of that is because they have to hire and fire people all the time and network and keep investors and banks happy

Well I am a entrepreneur who is jealous of workers so that’s something to think about I feel jealous because y’all don’t have to work all the time like a entrepreneur trying to build his company and y’all have a steady income and benefits

i'd trade you in a heartbeat- your social intelligence and entrepreneurial energy, for my ability to be a drone worker.

Ya sounds like fair trade that I would do if I could thanks for the kind words