Fri 15 Jun 2007
The Big Idea with Donnie Deutch
Posted by RichSlick under MMO
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One of the shows I’ve been watching this summer is Donnie Deutch’s The Big Idea. Each show, Donnie interviews a person who had a great idea, started a business and made millions. It’s always interesting to see all the simple ideas that translated into millions of dollars for many people.
Although I frequently watch the show, I’m sure I’ve missed a few episodes such as:
1. The episode where Donnie interviews a guy whose path to millions was “I spent less than I earn”
2. The episode where Donnie interviews a gal whose path to millions was “I invested in mutual funds over the long term”
3. The episode where Donnie interviews a person whose path to millions was “I opened an HSBC account and saved my way to millions, 5.05% at a time”
4. The episode where Donnie interviews a person whose path to millions was “I skipped the Latte every morning”
I’m sure I’ll eventually catch it on a re-run. Hopefully, I’ll land on the Big Idea and talk about how my ETF-Cashinator filled a need out there that was desperately needed as an alternative to mutual fund gouging investment firms.
In the meantime, you can check out the ETF-Cashinator over at http://www.etfcoveredcalls.com where you can find some pretty useful information.
June 15th, 2007 at 11:50 am
That’s pretty good:)
This highlights the important point that the best path to getting rich is not in risky start up businesses or speculative stock trading. It is in doingn soem really mundane things that can build weath over a long period of time.
June 15th, 2007 at 12:27 pm
I think Mutual Funds, 401ks and savings accounts supplement your income. They do not make you a Millionaire.
I have my main job and two side businesses ( income streams) I also invest in ETFs and Mutual Funds. But I cannot say because of skipping a latte or spending less than I earn can make you a Millionaire. They are only a segment of your net wealth. You must make other moves in addition to those saving vehicles
June 19th, 2007 at 12:54 pm
I missed the one where they interviewed “the gal who took big risks and ended up broke and homeless” as well as the one where that guy started a company that completely flopped and now has a ton of debt and nothing to show for it.
June 19th, 2007 at 4:06 pm
Well there’s also the guy who left his home and got hit by a bus and died. Then there’s the gal who was murdered by a mugger.
Bad things happen, it’s part of something called life.
June 20th, 2007 at 8:04 pm
A life without risk is not worth living.
And since there are so many risks and unknowns I can’t control, I enjoy tryng to make it big off the ones I can have some control over.
Of course one big problem is people who don’t believe in personal responsibility or giving credit where it is due. If I take risks and make it rich, don’t whine because you didn’t have the balls for it. And if I fail? Well, that’s my problem and I will handle it like a man. I will take the credit or blame as it relates to my own life.