Quickest way you've seen someone lose it all?

Stihl waters · 11-04-2021 3:02pm

corks finest wrote: »

Same place it is since ye gave the 6 counties away

Not a bad move by the looks of things recently

corks finest · 11-04-2021 3:04pm

Stihl waters wrote: »

Not a bad move by the looks of things recently

Think so?

Mad_maxx · 11-04-2021 3:04pm

Wanderer78 wrote: »

...and us college educated ones need to get over ourselves with our superiority complexes, yup the trades is tough, very very tough, but extremely important that people do it, you can be damn sure many folks learned far more on a site than any classroom. we need to learn to respect these kind of workers, theyre just as important than us classroom folks, and some can and do become very wealthy for their efforts, and best of luck to them, classrooms arent for all

Ireland is unusual in that we dont have a whole lot of respect for those who earn a living using their hands .

Stihl waters · 11-04-2021 3:07pm

corks finest wrote: »

Think so?

Definitely, 26 counties is plenty

Wanderer78 · 11-04-2021 3:09pm

Mad_maxx wrote: »

Ireland is unusual in that we dont have a whole lot of respect for those who earn a living using their hands .

ireland needs to take its head out of its hole, without these folks, our economy and society would be screwed

Mad_maxx · 11-04-2021 3:11pm

Motivator wrote: »

There’s another local fella who went bang for €28m. He was a flash Harry who borrowed up to his bollocks to lead a life that was completely alien to him. He went to the wall, declared himself bankrupt and disappeared to the UK for a couple of years. He came back and started a business again and around town was viewed as some sort of hero for some strange reason. No mention of the umpteen local lads that he completely screwed over or the lies he told to get into the position of power that he did.

The builder who went belly up but had the decency to look after people is viewed as a loser while this guy is seen by some sort of hero.

if one is locally popular they can get away with anything , being from a popular family adds to it too , place i grew up , a guy literally killed another fella ( not deliberately but a punch up after a days drinking ) , never did his popularity a bit of harm , guy has no shame anyway but those kind of brass necked clients just see everything wash off them

pgj2015 · 11-04-2021 3:12pm

corks finest wrote: »

Self employment in the free state is a complete bollox methinks, construction wise anyway, several of my friends worked 70/80 hours for several years but nothing to show for it except health problems,get sick and you're goosed,yeahhhhh its slightly better than it was but only slightly, myself and my mate made a complete hames of it also

its all about perspective. working for an a$$hole boss or similar colleagues for years could leave you in bad health as well. I am self employed and have never been as happy.

hurikane · 11-04-2021 3:15pm

Wanderer78 wrote: »

these folks

Wanderer78 wrote: »

these kind of workers

Christ your virtue signalling makes them sound like a different species

Wanderer78 · 11-04-2021 3:24pm

hurikane wrote: »

Christ your virtue signalling makes them sound like a different species

ah no, im the different one, theyre just the vital ones

corks finest · 11-04-2021 3:30pm

Stihl waters wrote: »

Definitely, 26 counties is plenty

For millennials maybe,but any honest proud irish person wants a United ireland,be it now or the near future

Wanderer78 · 11-04-2021 3:34pm

corks finest wrote: »

For millennials maybe,but any honest proud irish person wants a United ireland,be it now or the near future

what happens if you re an honest proud irish person, and you dont?

Buddy Bubs · 11-04-2021 3:35pm

Good friend of mine had a pretty horrific near death experience in late teens but he pulled through although he became a nightmare for drink and drugs. He sorted himself out and he looked to be on the right path, good job, girlfriend.

He received an unexpected inheritance from extended family, very significant sum in the region of 250k I think. Jacked in the job, went drinking along with the help of some local lads who took a shine to the money and didn't stop drinking until the money was gone, which was only about 2 years. His girlfriend was long gone at this stage, drinking buddies disappeared soon afterwards. Gambling had a part to play too.

Died in drink driving accident with a big wall a few years later after many attempts to stop drinking.

Stihl waters · 11-04-2021 3:37pm

corks finest wrote: »

For millennials maybe,but any honest proud irish person wants a United ireland,be it now or the near future

Its embarrassing all these years later to be still calling it the free state, move on

mikemac2 · 11-04-2021 3:52pm

Brendan O´Carroll took a lease for a pub and got screwed over by his business partner. So he went bankrupt

I believe he lost over 2 million sterling producing a film and he spent years in negotiations but eventually everyone got paid back.

Just how I remember his story and I like it. Seems honourable the way he treats people

corks finest · 11-04-2021 4:10pm

Stihl waters wrote: »

Its embarrassing all these years later to be still calling it the free state, move on

It is the free state though, embarrassment yes by our forefathers who created a divided country,ask any nationalist in tbe 6 counties what it was like to be abandoned and feel abandoned by most down here,out of sight out of mind eh?

celt262 · 11-04-2021 4:14pm

corks finest wrote: »

It is the free state though, embarrassment yes by our forefathers who created a divided country,ask any nationalist in tbe 6 counties what it was like to be abandoned and feel abandoned by most down here,out of sight out of mind eh?

Who cares

corks finest · 11-04-2021 4:16pm

celt262 wrote: »

Who cares

Not u obviously snowflake, but those of us with kids and grandkids up there do, and those forced to flee their houses overnight by uvf elements, saying no more , conversation closed

Ten of Swords · 11-04-2021 4:21pm

Thread needs to get back on topic please

Mad_maxx · 11-04-2021 4:27pm

Buddy Bubs wrote: »

Good friend of mine had a pretty horrific near death experience in late teens but he pulled through although he became a nightmare for drink and drugs. He sorted himself out and he looked to be on the right path, good job, girlfriend.

He received an unexpected inheritance from extended family, very significant sum in the region of 250k I think. Jacked in the job, went drinking along with the help of some local lads who took a shine to the money and didn't stop drinking until the money was gone, which was only about 2 years. His girlfriend was long gone at this stage, drinking buddies disappeared soon afterwards. Gambling had a part to play too.

Died in drink driving accident with a big wall a few years later after many attempts to stop drinking.

probably better off

corks finest · 11-04-2021 4:37pm

Mad_maxx wrote: »

probably better off

Bloody money amazing how it changes some ppl

Buddy Bubs · 11-04-2021 5:39pm

Mad_maxx wrote: »

probably better off

Yeah probably. He owed loads of people money too. Not dangerous people or anything that I know of, but friends that would have given him a dig out.

donkeykong5 · 11-04-2021 7:23pm

vriesmays wrote: »

Frank McNamara - use to be a respected, successful, middle-brow composer/musician. Now he's playing at funerals scraping a living after the banks tried to take his home.

Hes married to a barrister. And the bank didn't take his home,

donkeykong5 · 11-04-2021 7:26pm

mikemac2 wrote: »

Brendan O´Carroll took a lease for a pub and got screwed over by his business partner. So he went bankrupt

I believe he lost over 2 million sterling producing a film and he spent years in negotiations but eventually everyone got paid back.

Just how I remember his story and I like it. Seems honourable the way he treats people

Brendan paid back all his debts. He also gives a lot of money to deserving charities

rtron · 11-04-2021 7:34pm

The world was my oyster, apparently, never had it to loose though.

Motivator · 11-04-2021 8:29pm

Mad_maxx wrote: »

if one is locally popular they can get away with anything , being from a popular family adds to it too , place i grew up , a guy literally killed another fella ( not deliberately but a punch up after a days drinking ) , never did his popularity a bit of harm , guy has no shame anyway but those kind of brass necked clients just see everything wash off them

Well this guy owed €28m and the debt was/is a badge of honour for him. I don’t know if it’s rumour or fact, it wouldn’t surprise me if it were true, but apparently he was in a local restaurant one night and very loudly said “anyone that didn’t go broke wasn’t living properly. Sure what is it only a few bob”. The neck on this guy is unbelievable. Hopefully some of the people he wronged will catch up with him eventually.

barneygumble99 · 11-04-2021 9:28pm

Anyone that lost a lot of money (I’m referring to debt here) , regardless of whether the banks or a sole trader suffered the resulting loss because the money can’t be retrieved and are living their lives with zero remorse/no regrets, happily ignoring requests to pay the money back , must be a special breed.

The J Stands for Jay · 11-04-2021 9:35pm

vriesmays wrote: »

Frank McNamara - use to be a respected, successful, middle-brow composer/musician. Now he's playing at funerals scraping a living after the banks tried to take his home.

You mean the banks generously allowed him to live rent free in their house for many years.

The J Stands for Jay · 11-04-2021 9:39pm

corks finest wrote: »

For millennials maybe,but any honest proud irish person wants a United ireland,be it now or the near future

What has this got to do with the 25 - 40 age group?

sporina · 18-04-2021 8:29pm

vitreouss wrote: »

Had a friend in his late 20s who was a millionaire after getting into an engineering degree and working for a famous multi-national company in the U.S.

Work was good but stressful. One day he got into a car accident and was prescribed strong painkillers (hydrocodone) for his leg. Got dependent and within a year and a half he lost his job, sold his house/car, and ended up homeless for a while. Called a family member who got him off the streets and into rehab. Doing better now.

Any stories like these?

what did he do with all the money?

razorblunt · 18-04-2021 9:05pm

sporina wrote: »

what did he do with all the money?

Heroin is often a cheaper “pain relief” than prescription pain killers.

duffysfarm · 18-04-2021 9:40pm

Worked for an accountant who was also a developer. He had a practice (and a business partner) in Dublin and also bought a plot of land in the carribean and was developing this. He owned a house on a golf course in florida (tiger woods supposedly owned the house next door). He owned a limousine company, creches and a couple of other companies. Used to be some craic when his business partner would open the post (the partner was quite elderly and the other partner was rarely there). there would be work credit card bills coming in with €20 and €25k on them and none of the expenses work related.
Had his sister and father working for him and all this before he was 40. Crash came and he was over extended with the banks and the limos were lifted one day, he had to sell some property he had here and abroad and the development in the carribean. Soem heavies called round the office one day looking for him and could hardly fit in the door. A lot of people had invested in this and i am not sure if they all got their money back. Got a jail sentence for stealing money from some elderly clients and also got a con current sentence for signing audit reports when he wasnt a registered auditor. He was able to hold on to his house and he still lives in this. He works as a spiritual medium now.....

ILoveYourVibes · 18-04-2021 9:50pm

A guy I used to babysit for ....got arrested and convicted for fraud ..to the amount of 8 million.

Weird he was always talking bull****. I actually jokingly said it in front of my dad and him ..you guys talk such nonsense. His kid used to lie all the time.

Very friendly ...almost too friendly. Big talker ..would talk a load of bleh bleh bleh

I actually don't think his wife knew. Well until she knew..

The weird thing is this is going to sound awful ..but talking to him ...you could tell he wasn't einstein ...i mean you would have thought he would realize he wasn't smart enough to get away with it.

The Mighty Quinn · 18-04-2021 10:53pm

ILoveYourVibes wrote: »

The weird thing is this is going to sound awful ..but talking to him ...you could tell he wasn't einstein ...i mean you would have thought he would realize he wasn't smart enough to get away with it.

If all it took was being intelligent, then I'd be wealthy, which I'm not. I'm no Einstein but I'm not stupid, I'm absolutely certain there are millionaires with less intelligence than me.

Sometimes people succeed in spite of themselves, e.g., they invest into something that some more measured people would dismiss as too risky, and the stars align and boom, they're wealthy.

Sometimes it just takes the balls to do something and often times I think people who are too intelligent, less impulsive, can fail to reach their potential because of it.

I don't have a brass neck. I wish I did, but I don't.

sporina · 19-04-2021 10:59pm

sporina wrote: »

what did he do with all the money?

thanks.. but, OP?

19-04-2021 11:39pm

A lad I went to college with posted a massive post over the weekend about he lost everything on cryptocurrency during the crash on Sunday. Had gone all in on crypto, and was leveraged up to his tits.

I must admit I find it difficult to drum up much personal sympathy for him.

MarcusP12 · 20-04-2021 8:23am

The Mighty Quinn wrote: »

What mind of engineering degree can make you a millionaire in your 20s (or 60s for that matter!). I want in!

Get a job (e.g. engineer or project manager) with 10+ years experience with one of the big oil/gas companies out in the Middle East, tough it out for about 10 years, don't let the money go to your head and look after it and i guarantee you'll be a cash millionaire by the end of it.....

razorblunt · 20-04-2021 8:51am

Deleted User wrote: »

A lad I went to college with posted a massive post over the weekend about he lost everything on cryptocurrency during the crash on Sunday. Had gone all in on crypto, and was leveraged up to his tits.

I must admit I find it difficult to drum up much personal sympathy for him.

He bought high and he sold low (hopefully he didn't sell).
Only thing for it now is hope it comes back somewhat.

BattleCorp · 20-04-2021 12:28pm

The Mighty Quinn wrote: »

If all it took was being intelligent, then I'd be wealthy, which I'm not. I'm no Einstein but I'm not stupid, I'm absolutely certain there are millionaires with less intelligence than me.

Sometimes people succeed in spite of themselves, e.g., they invest into something that some more measured people would dismiss as too risky, and the stars align and boom, they're wealthy.

Sometimes it just takes the balls to do something and often times I think people who are too intelligent, less impulsive, can fail to reach their potential because of it.

I don't have a brass neck. I wish I did, but I don't.

I'm risk averse and lazy so I doubt I'll manage to ever have a million in the bank. Not unless I get lucky with the idiot's tax (Lotto).

ShatterAlan · 20-04-2021 5:08pm

Motivator wrote: »

Loads of stories from the Celtic Tiger era that locally were happening on an almost weekly basis post 2008 crash.

One builder that was a friend of the family years ago had two or three new estates in the works when the crash came. At one point he could put his hand on €10m cash but in the space of a couple of years everything was gone. Business up in smoke, helicopter gone, house taken By NAMA - the whole lot. To be fair to him, most of the cash he had stashed was used to pay the smaller lads who also went under. That was something that I won’t forget. He settled up with any local plumber, carpenter and electrician that were employed and had gotten through some work for him on the new estates. Other lads in his position hit the road and left everyone high and dry. His projects were absolutely flying and honestly it felt like it was overnight that things just disappeared for him. His wife was too used to the highlife and bolted on him, kids gone the whole lot.

He moved away from the area at the start of the last decade. I saw him around two years ago in a petrol station up the country driving a DPD van.

He had a helicopter?

FFS!

ShatterAlan · 20-04-2021 5:10pm

Wanderer78 wrote: »

Must be a sole destroying experience, wealth built on air, we 're slowly moving back towards this again

Nah, that's my local chipper.

The J Stands for Jay · 20-04-2021 5:25pm

ShatterAlan wrote: »

He had a helicopter?

FFS!

There was more than a few builders round the country who when building their own mcmansions made sure to have a helipad.

Mad_maxx · 20-04-2021 5:47pm

Deleted User wrote: »

A lad I went to college with posted a massive post over the weekend about he lost everything on cryptocurrency during the crash on Sunday. Had gone all in on crypto, and was leveraged up to his tits.

I must admit I find it difficult to drum up much personal sympathy for him.

was he trading derivatives ? , those are only for seasoned sharks but its the only thing that would explain " him loosing it all " as you say ? , had he simply bought bitcoin , it would be no big deal that it has seen a sharp pullback , its a highly volatile asset but so what provided you " buy and hold "

i own none myself or never have BTW

ShatterAlan · 20-04-2021 8:39pm

McGaggs wrote: »

There was more than a few builders round the country who when building their own mcmansions made sure to have a helipad.

I guess the 2008 crash gives Apocalypse Now a whole new meaning.

Motivator · 20-04-2021 9:28pm

ShatterAlan wrote: »

He had a helicopter?

FFS!

He did! Four local lads went in on one together and he wasn’t invited so he went and bought his own. That’s how things were back then. The local golf club on a Wednesday evening was always very interesting as well. The Wednesday fourball would often see bets of €5,000 between lads. I played behind a fourball one evening with a big bet on it and it was comical, none of them were any better than 14 handicap. Lads losing balls left, right and centre and scratching holes with €5k on the line.

gifted · 20-04-2021 9:42pm

ShatterAlan wrote: »

He had a helicopter?

FFS!

Worked on a building site in waterford during the boom and the builder used fly his helicopter to site meetings from wexford.
He'd strut into the site meetings in jeans and a jumper and ask if anyone had any reasons for the job been held up?
He'd just tell us he would sort it if anyone had a problem....as in someone was getting sacked and then leave.
An ignorant pig.

Amirani · 20-04-2021 9:44pm

Anyone involved in the Super League.

Bob Harris · 20-04-2021 9:49pm

Mad_maxx wrote: »

was he trading derivatives ? , those are only for seasoned sharks but its the only thing that would explain " him loosing it all " as you say ? , had he simply bought bitcoin , it would be no big deal that it has seen a sharp pullback , its a highly volatile asset but so what provided you " buy and hold "

i own none myself or never have BTW

Highly leveraged...say he was using €10000 of his own to get €50000 margin so €60,000 invested. If it drops 25% he's down €5000 more than his own own investment and may get margin called...i.e. lodge money to cover the losses or the broker will sell to cap the losses and you're left with the bill - in this example €5000 owed on top of losing his 10K.

Rustyman101 · 20-04-2021 9:54pm

gifted wrote: »

Worked on a building site in waterford during the boom and the builder used fly his helicopter to site meetings from wexford.
He'd strut into the site meetings in jeans and a jumper and ask if anyone had any reasons for the job been held up?
He'd just tell us he would sort it if anyone had a problem....as in someone was getting sacked and then leave.
An ignorant pig.

Did he like pink tops ?

20-04-2021 9:59pm

Motivator wrote: »

Loads of stories from the Celtic Tiger era that locally were happening on an almost weekly basis post 2008 crash.

One builder that was a friend of the family years ago had two or three new estates in the works when the crash came. At one point he could put his hand on €10m cash but in the space of a couple of years everything was gone. Business up in smoke, helicopter gone, house taken By NAMA - the whole lot. To be fair to him, most of the cash he had stashed was used to pay the smaller lads who also went under. That was something that I won’t forget. He settled up with any local plumber, carpenter and electrician that were employed and had gotten through some work for him on the new estates. Other lads in his position hit the road and left everyone high and dry. His projects were absolutely flying and honestly it felt like it was overnight that things just disappeared for him. His wife was too used to the highlife and bolted on him, kids gone the whole lot.

He moved away from the area at the start of the last decade. I saw him around two years ago in a petrol station up the country driving a DPD van.

Fair play to him. Have to respect that. Sounds grafter and a decent person with empathy. I know plenty of snakes hit the high road with funds in the back pocket using the recession as an excuse not to pay subbies.

Hopefully he is content now and happy.

BingCrosbee · 20-04-2021 10:09pm

I had a property management company and I looked after property for most of the high fliers during the boom. I saw how their greed led to their downfall. Most of them had no breeding. I was reared in humble circumstances and am well educated and it does stand to you when dealing with these people

Quickest way you've seen someone lose it all?

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