Producer of "Redline" -> OC article on Daniel Sadek

I agree. I actually have respect for him. He came from nothing to having 700 people on the payroll.

 

I think you should re-read it again. While Daniel didn't break any laws (none that I'm aware of), the tactics of which loans were granted weren't, gee, how do you say this nicely, not of a way that any established financial entity would have engaged in. And now his company is paying the price - hard.

Daniels case makes for a much bigger discussion on multiple levels, one that would span pages upon pages, covering all sorts of micro-topics within this large topic. But I wouldn't know where to begin - other than he's doing better than I am, but for how long?

God giveth, and God taketh away (you just don't know when)

 

I have a different perception of this guy after talking to some people about him. One of the main factors that drove him to produce a movie was his (ex) fiancee. She was looking to break into the movie industry, he said no problem.. I'll produce a movie and you can be in it (basically).

SO my theory is, he was so whipped by his fiancee that he produced this movie with majority interest of her, and now look... she's his EX fiancee.

Girls...

 

The dudes smart..no doubt about it...and he takes full advantage of an opportunity. But what happened here has a huge degree of luck/right place/right time.

Im friends with a few people with 9 figure net worths and every one of them will tell you ( well maybe only me because Im their friend ) that while they knew they would be successful at some point the planets aligned in a way that was impossible to plan and/or forsee and thats what took them from being successful to uber-successful.

One friend in particular was only a few months from bankruptcy with his business when a very large corp realized it would fit in with what they were doing and paid $60m for it.

This applies to the 'overnight' success stories...someone who spent 50 years building their company is a totally different story.

 

I read into this also, says a lot for the girl and this dude.. You'd think you can get a hot girl with the money you have without making a crap movie for her..

Then you make the movie and she dumps ya! pathetic for him and her..

 

+1

Shows what she was interested in. The money dried up, and so did she. That's one deal he did not negotiate well. Had he been smarter, he'd have kept her hungry enough not to leave. Don't water the plant too much, lest ye drown it

 

Welcome to LA, should have just leased another piece out for few months instead of making a stinker of a flick for her. What a lewser

 

You pointed out your own problem. You ARE restricting yourself too much. If you want to be successful, you have to stop looking for what can go wrong and instead, look for what's possible. I can look you dead in the eye and tell you that I know I can be a billionaire by age 45. You can spend waste your time figuring out why I can't do it and I'll spend all my time figuring out how I'm going to make it happen. My honest debate with myself is if I really need to do that to realize my full potential or if I should stop way before then and just enjoy life.

Education doesn't teach drive, motivation, and hunger. Education gives you knowledge, not intelligence. Education doesn't even do a good job of teaching you how to influence people.

Daniel's situation makes total sense to me. If he started by doing loans himself then he didn't need much startup capital. According to the article, his place was no different than a car dealership. It was a sales organization and he pushed his team to always go for the close. Instead of selling cars, he sold loans and he did it at the perfect time. Same type of strategies but much greater commission.

The luck part was he started to do it at the start of a massive bubble but a guy like him will find a way to make money. It's just in him.

Everything that man creates first starts in the mind. If you can't envision it, then you can't create it. If you defeat your own dreams, you aren't even getting past step 1.

 

Your great with words JC, are you a motivational speaker by any chance? Pen a book on motivation and I'll be the first in line to buy. You explain things very intelligently but at the same time crystal clear.

Bravo on your last post

 

If these three are read every morning it will be a start to a productive effort in the day.

 

I understand the power of positive thinking. But, it only goes so far. As an entrepeneur you have to analyze your strenghts and weaknesses, and logic would dictate you should be more successful at something you are actually inherently good at. All the positive thoughts in the world don't change reality.

Sure, a one legged midget could be an NBA star, but it isn't statistically likely.

Anyone can open a small business and make it work. Whether it be a loan business, plumbing, medical, whatever. My personal fascination is with folks that manage to incubate this exponentially, and grow to 500+ employees. Thats an amazing process.

Some folks know how/stumble upon/get lucky, and manage that quantum leap to the next level. And they do it in years, not generations.

Go figure...

 

Zig Ziglar made flash cards for the bathroom like that back in the 70s. I think I still have mine. You were suposed to read it to yourself when you got up and when you went to bed. JJ

 

Zig Ziglar made flash cards for the bathroom like that back in the 70s. I think I still have mine. You were suposed to read it to yourself when you got up and when you went to bed. JJ

 

Bo, I think the main difference is that you've got (as Daniel would say) more skin in the game than most. You're already a successful person and have a lot more to lose than he did when he started his business. Guys like Daniel put it all on the line and go after success.

He went to Vegas and made his seed money at a blackjack table. I'm sure he figured that if this venture flopped, he wouldn't be out much and could easily move on to something else.

 

Thanks. I'm just a passionate person who has had a good deal of experience dealing with people. I read a lot about neuroscience, sociology, economics, and sociology so I can gain insight as to how the world works and how people work. I also run a business and it's taught me quite a bit about makes people tick. I don't know everything but I have learned a lot.

BPU699:

My point wasn't that you have to "just think positive", my point is that if you think negative, you are a non-starter.

Visionary people have a specific and clear vision of where they want to be. They often don't get to exactly where they envision but they get a lot further than the person that aims low or doesn't aim at all.

A one-legged midget may not become an NBA player but in trying to accomplish his goal, he may become someone with an extraordinary talent admired by others for his ability to excel despite his limitations. He will certainly accomplish more this way than if he kept thinking to himself the thousands of reasons why he'll never make it to the NBA. No matter where he gets in life, if he's a positive thinker, chances are, he will be a happier person than if he were a negative thinker.

In order to even have a chance of getting "lucky", you have to be in the game. When we see/hear/feel something that makes us feel less about ourselves, our brains look for explanations to make us not feel so bad. Attributing someone's success to possible "luck" is just an emotional defense mechanism.

As to positive thinking not changing reality - isn't that what a placebo does?

 

I will go with jim, the nicest I can say is interesting

 

The mortage business attracted many from the car business, especially as the DMV became more aggressive acting against dealers. And owning the company was the big win. Can't comment on the business practices but you wonder what he could have sold the company for a couple of years ago before the subprime meltdown.

Hindsight's 20/20 though.

 

His mortgage company is out of business as of last week.

 

Ouch! Thanks for the update.