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en·tre·pre·neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
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Old 07-24-2007, 06:29 AM   #166 (permalink)
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^You know, I had something quite relevant happen to me a few months ago.

One day I went to the store to buy groceries and I met my best friend from high school there. He and I began to talk, and he informed me about how he just graduated from college [University of North Texas] and he had just gotten this job with a IT company in Dallas, Texas. We were talking about his job and everything, and then his mom comes over. I'm nice and polite to her, and then she asks me when I would be finished with college. I told her that I decided to take a different route in life and focus on entrepreneurship and financial literacy. Then she does something quite out of character, something I didn't think she would ever do. When I told her what I was doing [instead of taking the traditional college route as compared to my friend here] she lifts up her nose at me [in this snobbish, arrogant manner] and says quite sarcastically, "Good luck." Obviously she thought I was not intelligent or competent enough to embark upon entrepreneurship or she thought I was crazy about the whole ordeal.

My point is simply this: Getting a degree so you can find a nice, "secure" job does not equate success. Yes, I recommend post high school education. In fact, I'll be attending Southern Methodist University's Caruth Institute of Entrepreneurship this fall [for bragging rights, mostly]. In this day and age, you really need to invest in your mind and use it to attract income, instead of chasing a paycheck or the idea of a secure job

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Old 07-24-2007, 07:46 AM   #167 (permalink)
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I see what you're saying as being 22 and telling people I run my own company, etc... people get all funny about it and it's either over the top excitement as they don't know how to react (as to not be rude and diss you) or they ask leading questions as if to catch you out because they think it's total BS (truth helps here as you never have to remember what you say).

I am employed for Virgin Mobile and usually just tell people that or ask them what they do before I answer, then they usually forget they asked and I steer clear of the whole topic at hand. If I get to know someone a bit better then I slowly let them know what else I do... I told my trainer at Virgin Mobile and he's organising a meeting with the Virgin Marketing team for promotional merchandise as they do heaps of t-shirts (my specialty) and other branded products.

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Old 07-24-2007, 08:02 AM   #168 (permalink)
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I see what you're saying as being 22 and telling people I run my own company, etc... people get all funny about it and it's either over the top excitement as they don't know how to react (as to not be rude and diss you) or they ask leading questions as if to catch you out because they think it's total BS (truth helps here as you never have to remember what you say).
Exactly. Or you take my mom, for instance, who secretly doubts my abilities because I had a couple of failed ventures in my latter teen years. No, those were priceless learning experiences, not just failures. It's amazing how people like to paint your whole life based on a couple of bad experiences in your life. If you examine the investing behavior of the middle class, you'll see that the majority of people invest not to LOSE. But the rich invest to WIN, whether there be some failure or not.

The majority of the population [the minority being the "rich"] never even attempt at entrepreneurship and are passive investors, never seeking to gain financial literacy and/or investing knowledge.
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Old 07-24-2007, 04:38 PM   #169 (permalink)
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The best financial books i've ever read have been

A random walk down wall street- It's a classic and should IMO be read by anyone before investing in the markets

The richest man in bablyon- One of if not the first book to show the value of compound interest and starting the whole pay your self thing. Also just a great look at a financial savy life

The Intelligent Investor- this book is not about profit maximization but loss minimization. In this respect, The Intelligent Investor is a book for true investors, not speculators or day traders. He provides, "in a form suitable for the laymen, guidance in adoption and execution of an investment policy"

And anything by peter lynch

And if your interested in what the heck is really going on, on wall street and how it came about, read "The death of the banker"

Oo and dont buy any of these get them at the library

Also dont buy into any of those warren buffet books, he didnt write any of them and he's stated his trading ideas a million times.
I have the book "the intelligent investor" to be honest i need a lot more information and knowledge on investing. Its very complicated for me and not to say that my first lenguage is not english..

A friend of mine gave me this book called "the richest man in babylon" and i thought, is it good?
But now i saw your oppinion so im deffinetely reading it..
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Old 07-24-2007, 04:58 PM   #170 (permalink)
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I have the book "the intelligent investor" to be honest i need a lot more information and knowledge on investing. Its very complicated for me and not to say that my first lenguage is not english..

A friend of mine gave me this book called "the richest man in babylon" and i thought, is it good?
But now i saw your oppinion so im deffinetely reading it..
Yes it's pretty good, the intelligent investor is technical to investing and finance so if your not well versed in the jargin it's gonna be tough
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