Comments on: 9 Billion Dollar Lesson by Donald Trump

By: Key To success. | Che Style

Key To success. | Che Style — Sat, 12 Jul 2008 00:01:58 +0000

[...] he is as successful as ever. 9 billion bucks debt! Impossible is nothing.If somebody can manage to get rid of 9 billion dollar debts, then certainly whatever problem we face can be overcome [...]

By: GameProducer.Net » Challenge #14: How Much Is “Much” To You?

GameProducer.Net » Challenge #14: How Much Is “Much” To You? — Sat, 11 Aug 2007 15:01:18 +0000

[...] reading billionaire stories (like the one about $9 billion dollar debt) I must say that it got me thinking. I realized that whatever I think is “a lot”, I can [...]

By: Stephen

Stephen — Thu, 19 Jul 2007 23:13:33 +0000

Making mistakes ain’t bad. Making the same mistake over and over again is bad :). I invested in a few bad ideas but I also invested in a few bad cars as well. Ever bought a crapy car that falls apart after a year. After I bought that car I researched a lot on my next purchase.

After I made a badly designed game I looked over the process and learnt from it as well. So for me both the bad car and game have taught me to do my homework first.

By: Jake Birkett

Jake Birkett — Thu, 19 Jul 2007 08:32:48 +0000

What I mean to say, debt isn’t a bad thing if you need the capital and use it as an investment (like Stephen says), if you just spend it on crap though, it is not so wise. Having said that I *did* buy a plasma TV :)

By: Jake Birkett

Jake Birkett — Thu, 19 Jul 2007 08:31:42 +0000

Sometimes if your company makes a few thousand pounds profit you can think “hey my company made more than this massive company or this one” because lots of companies often make huge losses, it’s quite funny really.

I build up some debt over the last couple of years whilst building up my Indie business but it’s all being paid off nicely now.

By: tosa

tosa — Thu, 19 Jul 2007 06:24:56 +0000

There is no bank in the world that would help someone who owns $9 bln.
Explanations for this go to a very shady area…
Same goes for Soros and similar “skilled businessman”…
These success stories would be really nice if they were true!

By: Stephen

Stephen — Thu, 19 Jul 2007 00:07:11 +0000

We have spent a bit of money this year on games and are in the red. However we treat the investment as a learning experience. I could of spent the $5000 on a DVD collection and plasma TV, which would achieve no return as well. I would rather spend my spare time making things and game making is my entertainment. We are also working on a idea to get a few sales from another angle as well.

If you love making games the time and money don’t matter. As long as you stick to your money and time budget it cab be smooth. I would really like our games to sell a little more but I think we will work that one out in time. The marketing is the boring stuff :). I am ok with my normal day jobs and I really enjoy my hobby/game making job.

Next year I might go into debt to make the game I always wanted to make. Its just like going into debt for the car you always wanted. Time to splash out on the big one!

By: Patrick

Patrick — Wed, 18 Jul 2007 17:37:57 +0000

How specifically did he deal with the debt?