[ProdigyCustoms]

Quickest way to end up with a million dollars building and selling cars is to start with 2 million!

A very true recent story. I have many others like this over the years.

Friend of mine that is very green to the business and hobby, but is badly bitten, desperately wants to make money flipping cars. He wants to be someone in the industry, a player, so bad he cannot stand it. It was all he talked about. When he would tell me about his fantasies of flipping cars, I used to tell him he could "get rich like me" (sarcasm). I tried to warn him, I tried to stop him, BUT...... he buys a project, tells me he paid $15k and is going to put $15K more in it, and it will be worth $40K. I only agreed with one thing, it would probably be worth $40K if he did what he said he was going to do. Only problem is I explained he was $50K away form making it worth $40K. Of coarse he disagreed.

That was 6 months ago. He got it and tore right into it. So I talked to him a couple months ago.

How's the car coming?

Oh, I sold it.

Really? How much did you get?

Oh, I sold it to my friend for what I paid for it.

Why? Surely it was not going to cost to much to restore was it?

No, I just wanted to help a friend out.

Really? What about the money you already spent?

Oh, I just wanted to help him get into the hobby so I call that a donation.

LOL! I am way to nice a guy to tell him I told you so. I will let him keep his pride and let him think I believe he wanted to help someone get into the hobby. But ya know, I saw him a few times since he sold that car in the last couple months, and he does not talk about buying, building and selling cars anymore?