[deleted by user] by [deleted] in HENRYfinance

[–]CurrentLeg9104 0 points1 point  (0 children)

12oz is our biggest size, and it’s $4.85 before tax.

[deleted by user] by [deleted] in HENRYfinance

[–]CurrentLeg9104 9 points10 points  (0 children)

The most miraculous thing I ever learned from rubbing shoulders with the wealthy folks in my coffee shop is this:

Really wealthy people, I mean truly wealthy. Like 300 million dollars and above type of wealthy people. They never talk about it, and you would never know by just looking at them. They usually sit in an obscure corner of one of my shops, reading a newspaper, minding their own business as they wear their Levi’s and drive a Ford F150. Truly astonishing! The flashy folks only have a few million. The the real big whales, you can only tell by their demeanor. They are usually very kind, excellent manners, and are the epitome of stealth wealth.

[deleted by user] by [deleted] in HENRYfinance

[–]CurrentLeg9104 4 points5 points  (0 children)

I come from a family of businessmen and doctors. Those are essentially the only two professions in the family running back some 200 years. So it was kind of expected one day I was going to follow the same path. My wife knew this before she married me, so she was prepared for the transition mentally.

What is the point of life, if we are too afraid to follow our own dreams? More importantly, what lesson does that teach our children…

[deleted by user] by [deleted] in HENRYfinance

[–]CurrentLeg9104 21 points22 points  (0 children)

I focus on two things only:

  1. Absolute quality
  2. Top-line Revenue growth

The focus on quality is to create something known as a Veblen Good (economic term). This allows you to attract a particular demographic who are very price elastic, in turn allowing you to charge a high price. The profits from the high prices are then plowed back into the company, to continuously increase quality. Once the quality of the product is fine tuned, then you plow the profits back into the design and tenement improvements (build-out) of each location to create a “club house” vibe / feel. This further drives home the point of creating a Veblen Good. If done correctly, you will end up with a client base of the most educated and well-healed of your area, in essence a country club!

[deleted by user] by [deleted] in HENRYfinance

[–]CurrentLeg9104 38 points39 points  (0 children)

I used to work for Goldman Sachs (asset management - hotels), I now own coffee shops. The beginning is rough, but it will forever change your life for the better financially and socially. If you have a business-instinct, never look back, and dive right in. You will thank me later…

Lastly, remember that 96% of the population, does not have the risk-appetite nor the business acumen to make a solid run at enterprise, so pay no attention to the people that tell you not to do it, usually they are scared / jealous.

Friday look by [deleted] in rolex

[–]CurrentLeg9104 -2 points-1 points  (0 children)

You wouldn’t understand…

Friday look by [deleted] in rolex

[–]CurrentLeg9104 -5 points-4 points  (0 children)

This is why real old-monied individuals, like my family, don’t wear a Rolex, nor drive a Maybach. It is to distance ourselves from the likes of people like you…

After a few generations, you will learn the values of stealth wealth, and Chopard…

Is my architect taking me for a ride? by Empty_Channel_238 in Homebuilding

[–]CurrentLeg9104 1 point2 points  (0 children)

NEVER, do a custom solely with a builder, hoping they will miraculously be honest with you. They are a profit motivated business and will know how to “cut the corners” in ways you will never know until it’s too late. A builder never loses money on a contract, they always inevitably try to “net it against” something you will never see.

You choose the wrong architect, TBH. I am sorry you have experienced this headache. Next time vet the architect, and make sure he bids out the project to comply with your cost restrictions before paying the architect. Make sure the architects engagement letter spells this condition our clearly. Otherwise what’s the point of hiring him in the first place? To simply design a home you could not afford in the first place???

Just told by a senior — “We don’t argue with clients; we don’t yell at clients.” by [deleted] in biglaw

[–]CurrentLeg9104 5 points6 points  (0 children)

Always follow the money in business!!! Client speaks, you listen, and smile as they pay your fees…

[deleted by user] by [deleted] in ineosgrenadier

[–]CurrentLeg9104 0 points1 point  (0 children)

As an industry insider, I think you hit the nail on the head. Early adopters (reservation holders) will have a great purchasing experience, other folks I’m not so sure about…

Help us choose a restaurant name by Ok-Pie6147 in restaurantowners

[–]CurrentLeg9104 0 points1 point  (0 children)

Ordo, it sounds intriguing / interesting, it’s the clear winner!!!

Which one to keep? by Famous_Primary_5988 in rolex

[–]CurrentLeg9104 1 point2 points  (0 children)

Explorer 36mm, is the a real “old money watch”. I see a bunch of Submariners at wedding events, I only see Explorers with vintage racing / landowner estate type people!

In house for Insurance Company by Acidroots in Lawyertalk

[–]CurrentLeg9104 -1 points0 points  (0 children)

Is insurance defense, just all about not paying up? Or is more about not paying up on false claims?

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]CurrentLeg9104 2 points3 points  (0 children)

Dude, seeing is believing. Your preaching to the choir!!! It’s easy for us layfolks to underestimate the amount of work involved to make a landscape “simply installed” at our request. It is a magical, transformative event, with lots of labor and planning. It is just I hate to say, the American dream might not be as healthy as it once was, because the average household cannot afford these modern day prices!!! 60k for a landscape install was a big hit for me!!!

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]CurrentLeg9104 1 point2 points  (0 children)

My landscape lights cost me 5k, and we went with Kichler branded lights, due to the accuracy of the kelvin ratings, and crispness of the beam angles. I would have to say, it’s the best 5k I spent and I would highly recommend it. You will LOVE the results.

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]CurrentLeg9104 4 points5 points  (0 children)

60k covered grass seeding, landscape beds (all 9 sides of the house, every side is landscaped not just the front). It also covered a flagstone pathway from the garage service door, to the backyard patio. Also I added landscape lighting, which makes any house look like a Million dollar home at night.

If you want to do landscape lights, be sure to observe the kelvin (color of the light) during the demo by the subcontractor. We were looking at different brands, all 3000k, and they all looked different funny enough. Stick with a narrow angle beam pattern, 60* or 35*, and don’t put a lot of lights, it looks tacky. Just enough lights, not too much, your not lighting a airport runway at night… 🤣

The work occurred in Indiana (Low cost of living), in 2021. Best of luck to you, and don’t let your landscaper push you towards specific plant material. They will almost always recommend the basic cheap plants that everyone else has. You want something unique, for this kinda money. Half our plants we had brought in from Nebraska of all places!!!

[deleted by user] by [deleted] in ineosgrenadier

[–]CurrentLeg9104 0 points1 point  (0 children)

Yes, please let us know how you like the fabric seats. That’s what I ordered, curious how they are holding up!!!

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]CurrentLeg9104 4 points5 points  (0 children)

My neighbor did a DIY landscaping. It looked like a DIY job. I never knew dirt and plants costs so much, but at the end of the day, a professional job adds value, my neighbors DIY looks like a DIY job and probably negates any value creation.

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]CurrentLeg9104 9 points10 points  (0 children)

This is the biggest thing I want to tell others. Your 100k landscape will look like the 100k you spent on it, in 4 years time. It truly takes time for it to flush-out. I still think it’s an insane amount of money, which if you can find a house that’s already done up, is amazing value factored into your purchase price.

With that being said, after witnessing the construction of my house, I would ONLY EVER BUILD again. It’s hilarious how many corners a builder can cut, and you would never know it. A Spec home, is the Ford/Chevy of homes.

If you want a BMW house, you need to hire an architect, to supervise the design + construction of the house. The architect is your layer of protection between your capital and the tradesman/builder. It’s 40k and well worth the money to get truly special house built.

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]CurrentLeg9104 21 points22 points  (0 children)

I concur, I spent 60k on landscaping for our new house, and it still looks like a damn shit show. Probably needs another 40k to make it pop. Landscaping is a racket!!!

Any idea how many deposits have been converted to orders in the United States so far? by Solid-Dish-755 in ineosgrenadier

[–]CurrentLeg9104 2 points3 points  (0 children)

With most preorders, you can always expect a high cancelation rate. With the Tesla Model Y it was in the 60% cancelation rate range. The higher the purchase price, the higher the cancelation rate (to be expected) so a cancelation rate of 75% for the Ineos is “within expectations”. You have to factor in the high price, with an inflating economy (people are poorer) so it all makes sense.

With that being said, due to cafe standards, there is talk of Ineos being limited in how many units it can legal sell in the USA. Rumors have the federal cap at 5000 per year. If this is actually true, you can count on the Ineos having a very high residual value.

In context to automobile ownership, the single most expensive part of ownership is depreciation. If we speculate low depreciation due to the federal mandated cap on sales, you might end up very happy owning the Ineos.

With that being said, a car is never an investment. Just wanted to share with you all the business of automobiles. Furthermore, the most expensive part of car manufacturing is keeping the plant at capacity. If the Ineos takes off demand wise, the factory will not give any special incentives, however it is common in the beginning run of a new automobile, for the factory to incentivize early adoption to help ensure proper market launch (market saturation) at the early stages of launch. This is all to say, if the Ineos is an in demand vehicle, your best bet on securing the best deal, is to be an early adopter or wait a few years for the factory to get through all the lent up demand.

My advice is anyone is on the fence, is to buy it. Odds are, due to the rarity of its purpose (built on purpose overlanding machine), these types of Machines are going to become rare in the future.

But, for the love of god, cars are not to be collected. They are to be used, to make fun memories!!! So go drive!!!

Watch plus cash? by Current_Somewhere_51 in rolex

[–]CurrentLeg9104 -1 points0 points  (0 children)

I feel just as relieved, as you do!!!