Why do MULTIMILLIONAIRES keep working? | Page 2 | FerrariChat

Why do MULTIMILLIONAIRES keep working?

Discussion in 'Other Off Topic Forum' started by F1Ace, Jun 27, 2006.

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Why do Multimillionaires keep working?

  1. To see how far their luck will go

  2. To see how much they can make (curiosity)

  3. Because it's just never enough

  4. Because they have nothing better to do

  5. Because quitting might kill the company they've started

  6. Because they really enjoy what they do

  7. Because they're competing with someone

  8. Because they are afraid they don't have enough to retire on

Multiple votes are allowed.
Results are only viewable after voting.
  1. MarkPDX

    MarkPDX F1 World Champ
    Lifetime Rossa

    Apr 21, 2003
    15,111
    Gulf Coast
    You only say that because you have a dozen women working for you :D
     
  2. 505T

    505T Formula Junior

    Jan 26, 2004
    377
    Dallas, TX
    Full Name:
    Sam
    I'm in the process of doing that....and all I can hope is I can live to talk about it.....thanks for the inspiration!
     
  3. ItaliaF1

    ItaliaF1 F1 Veteran

    Aug 28, 2005
    5,083
    Nashville,TN
    Full Name:
    John Burrow
    When talking to a multimillionaires, you can really tell that they love and enjoy what they do. When you think about it, it would be very hard to make money like that if you hated what you had to do to get the money.

    It makes sense.
     
  4. jsa330

    jsa330 F1 World Champ
    Silver Subscribed

    Oct 31, 2003
    10,042
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    Scott
    Bill...I don't know how you feel but in IMO architecture can fry you out like few things can...like you, I was on my own and did pretty well at it but got out completely while the getting and my health were good, even though I was at a stage (mid-50's, 30 yrs in profession) where respect, projects, and compensation were only getting better.

    I still do odds and ends, but very little.

    To anwer the question of the thread, the very wealthy people that I knew through the course of my work were mainly self-made and inextricably bound into the process that made them multimillionaires; they're exceptionally intelligent, high-energy, and creative people who are incapable of doing little or just middling along.
     
  5. Fastviper

    Fastviper F1 Rookie

    Nov 20, 2003
    4,525
    Texas
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    Dash
    Mark, Mark, Mark. You are wrong! I have 14 women working for me.

    P.S. Your new baby is back from vacation today!
     
  6. TheBigEasy

    TheBigEasy F1 World Champ
    Consultant

    Jun 21, 2005
    18,484
    California
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    Ethan Hunt
    A friend of my dad's is Pete Hart who was CEO of MasterCard for ~8 years, then he "retired". Now that he is "retired" he is a boardmember/advisor for more than 10 startup companys, and his wife complains that he works more now than before he retired....

    It's for the love of the game. :)

    and there's no such thing as too much money.
     
  7. Admiral Thrawn

    Admiral Thrawn F1 Rookie

    Jul 2, 2003
    3,932
    How is it sadistic? Sadistic (Sadism) means taking pleasure in inflicting pain for its own sake.
     
  8. TheBigEasy

    TheBigEasy F1 World Champ
    Consultant

    Jun 21, 2005
    18,484
    California
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    Ethan Hunt
    Also, for the poll, you need an "all of the above" option.
     
  9. hdpt00

    hdpt00 F1 Rookie

    Jul 15, 2005
    2,894
    Earth
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    Brandon
    I could never stop working. It's fun, exciting and boring as hell to do nothing.

    My uncle sold a company well into the 9 figures and took 6 years off to raise his 3 babies. He is now itching to get back into the startup game.

    It's something that is just in some people.
     
  10. benedict

    benedict Formula Junior

    Nov 6, 2003
    744
    NJ
    Full Name:
    Ben
    I asked this same question to a multimiliionaire friend and he said "what am I supposed to do all day, PLANT TOMATOES?".
     
  11. F1Ace

    F1Ace F1 Rookie

    Mar 15, 2004
    2,980
    Full Name:
    Wes
    It seems to be an interesting dilema...

    Great wealth tells them how important and brilliant they are...and then
    retirement comes and tries to tell them they're not needed anymore.

    They don't believe the latter, and as if to prove it wrong...they work!

    I like William's post. Important people want to be doing important things! I hear from some (non-rich) people how they'd love to retire on a beach or something. I think "If that's where I end up...just shoot me! There's no point to living!"
     
  12. amenasce

    amenasce Three Time F1 World Champ
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    Oct 17, 2001
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    Joe Mansion
    Because business is thrilling . And being productive is the best feeling ever ( other than being in love ..or being a father which i have yet to experience .. )
     
  13. LMP234

    LMP234 Formula 3

    May 8, 2004
    1,518
    TN
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    Leon
    You forgot when a girl lets you....

    Well, nevermind.
     
  14. Whisky

    Whisky Three Time F1 World Champ
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    Jan 27, 2006
    31,546
    In the flight path to Offutt
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    The original Fernando
    Paul Allen retired due to medical reasons.
     
  15. WILLIAM H

    WILLIAM H Three Time F1 World Champ

    Nov 1, 2003
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    HUBBSTER
    Paul Allen may have retired from Microsoft but he is still very active in investments and in venture capital
     
  16. chitown dave

    chitown dave Formula Junior

    Nov 30, 2005
    286
    well...Chicago
    Full Name:
    well...Dave
    Having a few mil in the bank ain't what it used to be...

    Successful people get that way because they have certain traits - intelligence, drive, ambition, creativity and work ethic.

    Those traits do not cease to exist because you have X dollars in the bank.

    I'm a trader, I know many people who have won the "seat" lottery and quit - IMHO they got lucky and knew it. The scary ones are the guys who don't stop - because they're GOOD and they know it.

    I also dable in real estate and continued to run into a guy named Sam Zell who is well known in Chicago. While negociating for a niteclub property he was also looking at we talked and I frustratingly said "Jes Sam when's it enough?" He said "David it's not about the dough it's about the game."

    These guys are on another level and you just need to realize they are different then the average Joe making 200K a year.

    The people that say if I had X number of dollars I'd sit on a beach and drink Momosas all day will never get there because they are already there in a way - they don't have the work ethic.

    Although it can be a major pain in the A**, bottom line I enjoy what I do and envision doing it into my 70s, although I will drastically modify my schedule!

    Combining the factors mentioned in my first sentence and a passion for what you do can have emense personal and financial rewards - and really - why would some one want to spend most of they're waking lives doing something they don't enjoy?
     
  17. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
    7,765
    Nova Scotia Canada
    Full Name:
    Neil
    A study in Canada was in the paper today, within only a couple of years, people who retire have a higher rate {25-30} of having trouble with mobility. And they seem to lose their energy quicker, they also get sick more easily and stay sick longer, they die quicker and also die quicker when they lose their spouse.

    A bit scary but we are all wearing out, everyday.
     
  18. hdpt00

    hdpt00 F1 Rookie

    Jul 15, 2005
    2,894
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    Brandon
    Paul Allen is a genius at how to invest billions in companies and take them into bankruptcy.
     
  19. SRT Mike

    SRT Mike Two Time F1 World Champ

    Oct 31, 2003
    23,343
    Taxachusetts
    Full Name:
    Raymond Luxury Yacht
    LOL!
     

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