My dad was raking in >$500k and growing until he got wrapped up into a lawsuit. He thought he could easily win, but he ended up losing and owing >$4mil in legal fees. Also, his business growth slowed to a halt due to devoting most of his time to the case.
That was a few years back. Currently, he's "rebuilding his empire" and doing really good operating in niche markets. Helps that he's a smart guy.
>>1036363 No, I come from a family of underachievers and lower middle class, the kind who can appear like everyone else at the expense of never doing anything with their lives and having no comfortable retirement plan.
I'm 26 now and making more than anyone else in the family.
>Built from ground up the largest boat mechanic and dealership in south west Florida >from 2001-2005 annual income ~5$million >2006/07income of 8$mil(this is boat sales and fixing boats) >mortgages all new property, machines, tools, trucks. At end of 06. >saw crash coming, sold all his boat stock. >2008 income $800k >he made out even after selling everything.
He just opened a new boat shop after working at a golf course for they past 7 years. 65 years old.
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