There’s trick to it. You have to 1. Get a paying job; 2. Spend less than you make; 3. Make solid investments with the excess; 4. Repeat for 20 or 30 years. Presto! You’re rich.
It’s all about missed opportunities. (Before Covid), I went annually to a convention dedicated to the music of the Beatles (don’t know if I can use the actual name of it here). One of the events there is a soundalike contest for single or duet acts. I wanted to get in on it, but without a hook of some kind, I would have been just one more guy with a guitar on stage. Then I had this idea: I know a guy who plays bagpipes (seriously). I approached him with the idea of playing the McCartney song “Mull of Kintyre”, which is mostly acoustic guitar, pipes and a hint of percussion. I would be up on stage, playing the guitar, and at the appropriate moment in the song, he (my buddy, not Paul McCartney) would come marching up the center aisle, playing the pipes. He has a kilt, tartan and the big black fuzzy hat, so it would have been a very dramatic entrance. I thought it would be a winning combination, and he agreed.
Well, the next two years at the convention, we just didn’t get it together to do it, for whatever reason. So the third year, I’m sitting in the audience with my wife, and I says to her, “That’s it, I have to get together with George next year and really do this!” No sooner were the words out of my mouth, than the very next guy up on stage started playing…you guessed it…Mull of Kintyre. And right up the center aisle came a piper, exactly the way I had pictured it. And, they won the contest.
I’ve always been an inventor, of sorts. When I was a preteen, I invented a tennis racket made of fir for the handle and plywood for the netting. I made two rackets so my friend could play. We used a deflated tennis ball and a piece of old fence as the net. Some years later, someone patented a game called paddle ball using rackets just like I had made. Another time, being a soccer ref, whose arms were frequently cold during those early morning youth games, I invented, what I called, armlets. They were old soccer socks, cut off at the foot, sewed up at the cut and used to cover my arms till it got warm enough to strip them off. A year or so later, someone made the same thing for bikers to cover their arms during morning runs. My problem was, I never thought these ideas were good enough to patent.
1. Have a great idea. 2. Have a great sales force to sell it to people that don’t know why it is not possible or sustainable. 3. Restructure your assets and
LOL, reminds me of a cousin of mine. A multiple time failed entrepreneur, he ended up driving long haul trucks and had lots of time to think up ideas… trouble is, he kept thinking up ideas that others were already enacting… he felt that everybody was stealing his ideas (even the ideas that they had developed businesses upon years before he thought of them)… he tried to sue Blue Bird for making electric school buses – despite that Blue Bird had been making them for at least ten years before my cousin thought up the idea…
jasonsnakelover over 2 years ago
Very few people don’t.
Ratkin over 2 years ago
There’s trick to it. You have to 1. Get a paying job; 2. Spend less than you make; 3. Make solid investments with the excess; 4. Repeat for 20 or 30 years. Presto! You’re rich.
Gent over 2 years ago
So he made an app that steals money, eh.
therese_callahan2002 over 2 years ago
“You got the looks. I got the brains. Let’s make lots of money.”
The Reader Premium Member over 2 years ago
End of the line, Brewster, I had that idea first!
davidob over 2 years ago
Music: Tom Petty’s “Into the Great Wide Open”
FJB Premium Member over 2 years ago
LOL. Thanks, I needed that.
Meg: All Seriousness Aside over 2 years ago
I spent several years working on my first million. Eventually, I decided that wasn’t going to work so I started on my second.
gantech over 2 years ago
It’s all about missed opportunities. (Before Covid), I went annually to a convention dedicated to the music of the Beatles (don’t know if I can use the actual name of it here). One of the events there is a soundalike contest for single or duet acts. I wanted to get in on it, but without a hook of some kind, I would have been just one more guy with a guitar on stage. Then I had this idea: I know a guy who plays bagpipes (seriously). I approached him with the idea of playing the McCartney song “Mull of Kintyre”, which is mostly acoustic guitar, pipes and a hint of percussion. I would be up on stage, playing the guitar, and at the appropriate moment in the song, he (my buddy, not Paul McCartney) would come marching up the center aisle, playing the pipes. He has a kilt, tartan and the big black fuzzy hat, so it would have been a very dramatic entrance. I thought it would be a winning combination, and he agreed.
Well, the next two years at the convention, we just didn’t get it together to do it, for whatever reason. So the third year, I’m sitting in the audience with my wife, and I says to her, “That’s it, I have to get together with George next year and really do this!” No sooner were the words out of my mouth, than the very next guy up on stage started playing…you guessed it…Mull of Kintyre. And right up the center aisle came a piper, exactly the way I had pictured it. And, they won the contest.
I cried all the way home.
ksu71 over 2 years ago
Willie says …..
https://www.youtube.com/watch?v=KeoYaaojdCE
David Huie Green LosersBlameOthers&It'sYOURfault over 2 years ago
I KNEW I was thinking too narrowly!!
preacherman over 2 years ago
I’ve always been an inventor, of sorts. When I was a preteen, I invented a tennis racket made of fir for the handle and plywood for the netting. I made two rackets so my friend could play. We used a deflated tennis ball and a piece of old fence as the net. Some years later, someone patented a game called paddle ball using rackets just like I had made. Another time, being a soccer ref, whose arms were frequently cold during those early morning youth games, I invented, what I called, armlets. They were old soccer socks, cut off at the foot, sewed up at the cut and used to cover my arms till it got warm enough to strip them off. A year or so later, someone made the same thing for bikers to cover their arms during morning runs. My problem was, I never thought these ideas were good enough to patent.
PoodleGroomer over 2 years ago
1. Have a great idea. 2. Have a great sales force to sell it to people that don’t know why it is not possible or sustainable. 3. Restructure your assets and
JudyAz over 2 years ago
It’s not too hard to make lots of money. The government tends to frown upon it, however, and will put you away for counterfeiting.
blakerl over 2 years ago
Well Brewster you can buy an app for that now. Someone is going to make lots of money.
geese28 over 2 years ago
Getting rich is everyone’s idea
Buckeye67 over 2 years ago
How much money is a lot and is it enough?
ferddo over 2 years ago
LOL, reminds me of a cousin of mine. A multiple time failed entrepreneur, he ended up driving long haul trucks and had lots of time to think up ideas… trouble is, he kept thinking up ideas that others were already enacting… he felt that everybody was stealing his ideas (even the ideas that they had developed businesses upon years before he thought of them)… he tried to sue Blue Bird for making electric school buses – despite that Blue Bird had been making them for at least ten years before my cousin thought up the idea…
kaffekup over 2 years ago
This reminds me of the Dilbert animated cartoon.
He tells his mother, “Look at this, Mom, I spent a year on an app that’s going to make me rich!”
“I just saw five apps that do that better, Dilbert, and three of them were free.”
Dragoncat over 2 years ago
Don’t we all, Brewster… Don’t we all…
DaBump Premium Member over 2 years ago
What? Oh no, I thought I was the first one to get that idea.