Man goes from making $750,000 a year to $7.29 an hour plus tips!!

[KarrieTex]

Actually, I have no issue with him.

You are sure judging...care to take that plank out of your eye there before you start to throw stones.

Have you been wealthy? Do you know what it is like to be succesful and then it suddenly turn south? Well I do so don't cry in your bitterness to me. You know what I did. I got up learned from it and started over.

The fact that the man admited he made a bad choice and now is out there all over again doing what needs to be done is not a bad thing. In fact, I bet he will be just as successful before. People who are successful sometimes have to fall down and get up to do it better. He knows it and he is out there again. For the record Mr. Karpman would have probably increased his own business if the market, which was not his doing, would have not turned so quickly. Goodness if I had known it would have turned so quickly, I wouldn't have lost the 50K I did.

Goodness if that is a bad thing GASP...let me go tell my Uncle's kids to ignore all his teachings and stop being successful. My uncle lost more than that several times in his life and he died not only wealthy monetary but also in love and family.

So no I wouldn't mind my kids learning from that just as they will be learning from wht my family has done in business for many years.

 

[KarrieTex]

After reading the third article from this whole ABC inteview, I have to say is yes I wouldn't have an issue about allowing my children to take some things from his life.

He actually has my respect. The fact he owned up to mistakes due to his confidence WE ALL HAD IN THE ECONOMY and swallowed his pride to take a pizza job has affirmed what I was taught.

 

[LostFound1986]

I feel sorry for him, I wish we didn't have to live our lives in such a boom and bust way.

 

[IDDQD]

I wish we didn't have to live our lives in such a boom and bust way.

These guys were able to pull it off. :v

 

[overit]

Actually, I have no issue with him.

You are sure judging...care to take that plank out of your eye there before you start to throw stones.

Have you been wealthy? Do you know what it is like to be succesful and then it suddenly turn south? Well I do so don't cry in your bitterness to me. You know what I did. I got up learned from it and started over.

The fact that the man admited he made a bad choice and now is out there all over again doing what needs to be done is not a bad thing. In fact, I bet he will be just as successful before. People who are successful sometimes have to fall down and get up to do it better. He knows it and he is out there again. For the record Mr. Karpman would have probably increased his own business if the market, which was not his doing, would have not turned so quickly. Goodness if I had known it would have turned so quickly, I wouldn't have lost the 50K I did.

Goodness if that is a bad thing GASP...let me go tell my Uncle's kids to ignore all his teachings and stop being successful. My uncle lost more than that several times in his life and he died not only wealthy monetary but also in love and family.

So no I wouldn't mind my kids learning from that just as they will be learning from wht my family has done in business for many years.

KT-I suggest you keep your comment about judging or accusing me of bitterness to yourself or I can just simply report it-it's out of line. I'm not name calling you..so I suggest you grow up and do the same....we can have a difference of opinion on the matter w/out name calling...

So on to that-first of all I"m not bitter-I'm not rich, but I"m not poor either-I have a house, and furniture and a decent car, and my pets and give them proper medical, veterinary care, decent food, we've had vacations (we keep our costs down though)...I can afford to go out to dinner or drink with friends or with my kids (dinner not drinking lol).....BUT I live w/in my means. I do not rack up debt, I do not take on huge loans on a risk that it will be ok....I would not wait 4 YEARS before everything I worked so hard for is gone. I"m prudent I have a fuel efficient car, I have a good rate fixed loan, no ccard debt....if I want something I pay from my earnings, or save and wait. I'm not rich-don't have a huge savings or 401k....but I do well enough, yes I'd like to do better, who wouldn't? I don't think it's a bad thing to work hard and to make it big. I'm saying that not all people that make it big get there by wise choices.

YES I admire people that had a lot, lost it all and got right back up-there certainly are lessons to learn from that-sitting on it for 4 years racking up debt, spending your 401k and living beyond your means w/out downsizing to the detriment of your family I still stand by it...NOT WISE, he was a fool, bottom line. Faith in the economy while you are down spiraling for years? It was IMO a pride issue-not wanting to live w/in his means. He could have downsized his life, and debt, and spending and then when the economy provides get back up....again it's not unlike what many people have done. ANd it's a very hard but good lesson learned. I'm glad he now admits it but why does it take so long?

Not the initial down spiral but sitting on a down spiral all that time w/out taking steps to make their situation better rather then worse....there is nothing admirable in that but you are entitled to think he's a shining example of "the right thing to do". YOu seem obsessed w/the fact that people hate or are jealous and bitter of those that have more because you shout that out all the time (and seem to insinuate it's against you also)...and that's not the case, don't put words or assign character issues that aren't true....so you're turning around and judging me lol.....having an opinion about bad financial choices is not judging....it's stating a fact...one that the OP presented the thread to do really.

 

[elephunky]

I dont get the whole economy, stock market jargin. In my mind, just print more money lol

 

[elephunky]

Wow, the way people are talking you would think they actually know the guy.

I think the point of this thread wasnt about his bad money choices or how muchhe was bringin in. More the fact of the adjustments they had to go through when he got the 7.29 an hour job. character building thats for sure.

 

[GlennK]

sounds like a man to me.

 

[sampa]

This story does reflect on our times, but I'm not sure I feel so sorry for them. There's a lot of quesitons left and to me it almost seems like going to the media is going to give him sort of the ticket out of his situation. There are other things happening or that are made news, one of them perpetuated having to do with a mom and mulitple kids, that brings donors left and right...........here's an article that kind of reflects the same thoughts. http://www.fiercefinance.com/story/hedge-fund-head-delivering-pizza/2009-03-22

I do have friends on the higher end, maybe mid what he's making and they are having very very hard adjustments. I'm their friends and sympathize, but sometimes its better when we have less because we begin to see whats really important. and I hope the families going through this will be able to see that. Blessings.

 

[Inkachu]

DGirl, FWIW, printing more money would make the value of the money go down (the more there is, the less it's worth, so to speak). That's why just printing a few billion new bills wouldn't do much good. Hope that makes sense

Don't feel bad, financial stuff confuses the heck out of me, too.

 

[kcon]

I've read the entire thread and there have been a lot of great comments. While a poster said above that disdain toward this guy may not be pure jealousy it seems that the economy is really bringing out the worst in people. I have read comments from various message boards and there is such disdain for the rich or well-off.

Rants of "they should have saved more, cry me a river, now you know what it is like to live in the middle class" and on and on. I'm not saying that this is happening here, but I do see a mood of "people getting their comeuppance" that were formerly rich/well-off.

 

[KarrieTex]

Have to agree with you there. Why would anyone have that attitude...jealousy and bitterness.

 

[Inkachu]

Well, when one person is working their patooty off and losing their home and their retirement and their kids' college savings, etc (and NOT through any foolish financial decisions, just through the crappy turn of the economy)...and another person is whining like a baby because they're being forced to drive a Honda instead of a BMW...I can understand the first person wanting to say "Shut the heck up, ya big dork" to the second person.

 

[KarrieTex]

Ink...

Save for some of us who have lost a lot due to the turn of the economy and we have had to change and NOT fussed, we still get that attitude. I have had to change my spending and living paycheck to paycheck is not what I ever had in mind.

Unfortunately, I can say that some on this thread would have no problems blasting me out of the water because I had money before and now I don't.

 

[Inkachu]

Well, if someone's being a prick to you and you aren't complaining to begin with, that's obviously their problem, not yours.

But I guess it goes both ways. You can have wealthy people who fall on hard times and keep their dignity and grace about it. And you can have poor people who are nasty as all get-out.

I don't have pity for rich people who become "middle class". If you have food, clothes, a home, etc...you have nothing to whine about. That goes for people of all income levels. Millions of us live paycheck to paycheck, myself included. It's a struggle, but it's nothing to whine and cry about. Life is hard sometimes. You make the best of it and trust God. There's always someone - in fact, lots of someones - who are MUCH worse off than I am.

 

[KarrieTex]

Ink...

You don't understand what it's like to lose something? There is no difference betwen a rich person and a middle class person.

For me that is the real issue. You won't feel sorry for a person who has lost something no matter what because they were/are wealthy? What does that say about the state of people?

Imagine how you would feel if you lost your job today. It's no different then what a person who had money then doesn't feels.

Truly the big difference is not the money but how a person deals with it.

 

[Inkachu]

Of course I know what it feels like to lose something. My point is that you don't have a right to whine and moan and cry if you're still safe, healthy, clothed, fed, etc. Wealth comes and goes, and life isn't ABOUT money, at least it shouldn't be. I can understand disappointment and frustration about losing money, but if your whole world crumbles because of it...your focus is too skewed towards money.

 

[Inkachu]

Imagine how you would feel if you lost your job today. It's no different then what a person who had money then doesn't feels.

I have to respectfully disagree with this. If I lose my job today, my son and I will be instantly homeless, have no food, no transportation, etc. If someone goes from millionaire to six figure income, they will still have all those things and more. They'll just go from extravagant to middle-class.

 

[KarrieTex]

Ink...

You don't know that. You are making assumptions that are not always the case. I believe I saw that you don't get the whole money thing. Not everything a person who makes 7 figures is liquid and tangible wealth and that is usually what most millionaires deal with.

My savings and so forth wasn't liquid and I lost it all. My job is in peril and I would be homeless and so forth if I lost my job. Yet, I am still making good money.

Not everything is what it is made out to be when it comes to money. Especially in how the movies and media portray it.

 

[KarrieTex]

The issue again is that just because someone has money doesn't mean they are impervious to the economy. You are not in their bank account to know what is going, what bills due to whatever are an issue and so forth.