Rags to riches to rags

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Did
Posts: 693
Joined: Mon Apr 01, 2013 7:50 am

Rags to riches to rags

Post by Did »

"It is a safe bet there will never be another Nathan Tinkler. A former apprentice electrician, Tinkler went from living with his parents to becoming Australia’s youngest ever billionaire – and, last week, going bankrupt. His extraordinary rise and fall took just 12 years, and neatly sums up an unprecedented mining and commodities boom that has now imploded."

https://www.theguardian.com/australia-n ... ommodities

Kriegsspiel
Posts: 952
Joined: Fri Aug 03, 2012 9:05 pm

Re: Rags to riches to rags

Post by Kriegsspiel »

Debt is a hell of a drug.

Farm_or
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Joined: Thu Nov 10, 2016 8:57 am
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Re: Rags to riches to rags

Post by Farm_or »

Time and time again, people get crazy rich only to blow it all and then some. It doesn't matter what you earn, it can all burn.

Benjamin Franklin said that the two must go together: industry and frugal. "Waste neither time nor money..."

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