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- #161
Sharon Tirabassi in 2004 or around there, won $10 Million dollars from the lottery. You can see pictures of her, in expensive outfits, driving an expensive car, at a new apartment, living it up. By 2014, she was without a car, without a home, living in a subsidized apartment, riding the bus to her job. Utterly impoverished.
But hey, there's no benefit of money if you don't spend it! Well she spent it, now she's broke.
On the other side you have Steve Jobs. When Steve Jobs left Apple computer in the late 80s, (forced out I should say), he had a check for $10 Million dollars. Now he could have done the same thing as Sharon, and lived it up! Bought some luxury yachts. Maybe a super mansion.
Instead, he invested the money into a new company. A bran new computer graphics and special effects company. He paid half the money to get the company. And used the rest of the money to build the company up, and upgrade their stuff, and hire people. That company grew year after year until they put out their first all original product in 1995 named.... "Toy Story". The company is now called Pixar.
In 2006, Disney bought Pixar from Steve Jobs for stock worth $7.8 Billion dollars. He turned $10 Million into $7.8 Billion. While Sharon turned $10 Million into zero.
This is the difference between the pinball people, and the beer pong people. This is why poor people are poor, and rich people are rich. Rich people save and invest, and poor people spend and consume.
There is literally limitless ways to make money. You can make money doing almost anything. Almost ANYTHING.
I remember years ago, there was a truck driving lady. She would drive into the truck stop, where all the other truckers were, and pull out of her cab, this fold up swivel chair, and massive clipper, and tiny vacuum, and a bunch of gels and crap, and yell out "I'll clip your hair for $10". And these guys would line up, and get their hair cut at the truck stop.