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Joined: Feb 2016
Posts: 148 Likes: 108
Sidelock
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OP
Sidelock
Joined: Feb 2016
Posts: 148 Likes: 108 |
For your reading pleasure, I thought you might enjoy the sordid tale of a gentleman that found many of the fruits of excess and ultimately the consequences they accumulated. A paragraph from his biography gives the essence of the man: '...the trustees heard that his French mistress had given birth to his child at a racecourse in France; that he had formed an inappropriate attachment to a Gaiety Girl; that he spent money he didn't have and drove, at manic speed, cars he couldn't afford. He had bought fifteen monkeys, a score of snakes; he was living at the Buckingham Palace Hotel, then in a flat in Baron's Court. He was leading a convoy of three Rolls Royces across England, en-route for Scotland and Ireland and had been obliged to resign his commission in the Irish Guards...Most of this was true'.Quite a character, it seems. We've all heard the axiom that the first generation makes it, the second enjoys it, and 3rd blows it. Know of anyone with a similar tale? From The Vintage Gun Journal: "Bankrupt Order canceled!"
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Joined: Jun 2021
Posts: 130 Likes: 21
Sidelock
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Sidelock
Joined: Jun 2021
Posts: 130 Likes: 21 |
I have a brother like that, marvelously able to snatch defeat from the jaws of victory. The way I heard the axiom was "Overalls to overalls in two generations."
Caution: Hunting and fishing stories told here. Protective footgear may be required.
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1 member likes this:
spring |
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Joined: Mar 2011
Posts: 4,081 Likes: 472
Sidelock
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Sidelock
Joined: Mar 2011
Posts: 4,081 Likes: 472 |
15 monkeys? Women, booze, parties, cars, monkeys, guns, etc.--the rest he just pissed away...Gil
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1 member likes this:
Geo. Newbern |
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Joined: Jun 2006
Posts: 2,984 Likes: 298
Sidelock
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Sidelock
Joined: Jun 2006
Posts: 2,984 Likes: 298 |
I have friends from childhood that were born retired.
The grandparents, or the parents, made it big with a chain of women’s clothing stores, worked hard, and saved their money.
Of the three children, the oldest daughter is a slave driver just like the dad, the middle daughter lives off her stipend, And the son, one of my oldest acquaintances, has been a hot mess since grade school.
I live in an area where living costs are low.
There are lots of people who win the lottery, get insurance settlements, get inheritances, and then just evaporate them.
My own children will be modest trustafarians when I die.
I’d like to think my grandchildren, (however many there turn out to be), will be the primary beneficiaries.
Trans generational capital transfer is always a, “hope for the best, but plan for the worst, endeavor”.
But when you are dead, you are dead. It’s all someone else’s problem.
Out there doing it best I can.
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Joined: Jun 2008
Posts: 2,736 Likes: 96
Sidelock
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Sidelock
Joined: Jun 2008
Posts: 2,736 Likes: 96 |
Fifteen Monkeys! Surely a dozen is more than enough. Lagopus.....
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Joined: Feb 2012
Posts: 2,308 Likes: 44
Sidelock
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Sidelock
Joined: Feb 2012
Posts: 2,308 Likes: 44 |
The progressives are working overtime to relieve us of the burden and headache of Trans generational capital transfer... ____________________________ The way things are going be lucky if we’re able to hand down a shyte Oldsmobile.
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Joined: Dec 2001
Posts: 6,993 Likes: 402
Sidelock
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Sidelock
Joined: Dec 2001
Posts: 6,993 Likes: 402 |
Hang on, let me get a tissue to wipe the tears from my eyes for the poor downtrodden billionaires.
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Joined: Mar 2002
Posts: 7,718 Likes: 479
Sidelock
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Sidelock
Joined: Mar 2002
Posts: 7,718 Likes: 479 |
Farmer next door died and left everything to his only son. That boy was worthless riding or walking but knew how to have a good time. We are talking several million dollars in 1959 money. All but a very tiny bit tied up in cropland and timber. Any cash on hand must have been spent in less than a year because after that point in time he started selling off timber, land and then the farmland. His father owned more property than anyone else in the county so it lasted years. I think the last was sold off in the early 1980's, call it about a 25 year period. In the end he was broke, body worn out from years of drinking, heavy smoking and other stuff shall we say. I doubt he died with a spare pack of cigarettes but he did party for nearly three decades.
In 1964 he came to see my father about selling his home farm to him. We had been tending the farm since his father died and knew it well. Drove up in a new Mercury convertible, with a blond and brunette on the front seat. Said he was "looking for a good redhead". The things which go over your head as a kid. Anyways, he wanted $125,000.00 for the farm and timber. Claimed he had the timber cruised for more than that. He needed the money fast because he was headed to Florida for the winter and had a hot business deal down there he want to get into. They dickered over the price for about ten minutes and settled at 110K. Went into town and started the paperwork. Sealed the deal later that week. Sold the timber off in a couple years, to pay off the mortgage and had enough left over to build four new chicken houses and buy a new John Deere combine. Land is part of the main farm still, timber should be cut again soon if the price is good and I can figure out how to delay the taxes until Hell freezes over. I have wondered over the years if he ever found that redhead?
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Joined: Feb 2003
Posts: 4,034 Likes: 47
Sidelock
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Sidelock
Joined: Feb 2003
Posts: 4,034 Likes: 47 |
What good is it if you can't spend it?
I myself intend to die penniless.
Lord Eddie sounds like a perfect role model.
"The price of good shotgunnery is constant practice" - Fred Kimble
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