Quote:
Originally Posted by HuskyMan
I think it is difficult for people to see who is winning and who is losing in this big old world of business. The tallest and most lavish buildings are owned by insurance companies and banks. You, on the other hand, live in a mortgaged house complete with never ending bills.
I recently spoke with a gentleman in the lock and security business. His house is far from paid for, his vehicles are expensive to operate and maintain. He told me his property and casualty insurance agent has lived in a PAID for home and has driven PAID for cars for the last twenty years. After he shared this information, I asked him a question; What do you think this means to you and I?? He replied, it means the insurance agents and insurance companies are getting wealthy off the backs of the little people.
And so it is.......
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So go own your own insurance company and run at barely a profit. If you can, that is. The homeowner is not really a business so the comparison is moot. Next, is the building owned or is there a loan on it? Does your friend tell you for certain?
Could it be that this friend of yours has not invested wisely? Could he have blown money away? Could the agent have gotten an inheritance? What does he make vs what the agent makes? What does he spend vs the agent? Have you done a proper comparison or is this one of the "I don't know but a friend who......." things?