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Casey Serin the (more) positive take

posted January 24, 2007 - 8:22pm
Casey Serin the (more) positive take

If you havent heard of Casey you must have been living in a cave, though even then you have little excuse, just ask OGG.
An inside joke for the fans of www.iamfacingforeclosure.com

The point of this post is not to rehash the entire history of the blog, that, you can find on the blog itself.
The point of this post is to address all the haters who, at least in my view, unfairly, vocally, outnumber the supporters.

To start this post id like to address certain realities we see in todays world.

(1)Rich get richer (middle class is running out of breath trying to catch up)

(2) CEOs rip off their companies and sometimes pay the price (3) Even when said CEOs or Board Members do pay the price - the public gets the scandal never the lesson (unless theyre willing to become an investigative reporter-doing research)... (and for all the political-correctness nazis out there I AM GENERALIZING)

(4) Media combined w/ PR industry machine keeps feeding you (us) 'rags-to-riches' drivel along with school

(5)Instilling 'hard work' is everything (at least means more than 'creativity')

(6)No one bothers to analyze the incentives in working hard vs working smart. Casey got it right in one of his responses that state something to the effect of - if he and someone frugal both become millionairs in 5yrs, who cares about Caseys CC debt

(7)the schools pretend to teach you critical tinking, but dont teach you how to avoid scams, similar to their approach to teaching sex ed - DONT DO IT. Burry your head in the sand. Work hard. Save. Get your 401k going. Never mind that the CEO who makes MILLIONS and 10s of MILLIONS can and often does conspire with CFO and other "hard working professionals" like lawyers to play with company stock, which results in the worst case in them, going to summer camp for 13 months, while you are left totally douched, with your life savings 'evaporated', in the best case - them making 10s if not 100s of millions while people working for the company lucky to have 100k savings.

(8)Almost all representatives of 'middle class' want to get out of it and join the ranks of the rich. Most of them do it the way they were taught, thru hard work, dedication, finding something they love and anot caring for the money.

(9)Meanwhile the poorest 10% have mor in common with the richest 10% then anyone in the middle with either of the groups.

Then we have Casey. Who clearly saw thru the BS and decided to go the other way. Learn about alternative ways to make money. Go full speed ahead - damn the torpedos - implementing those newly learned ways. Unfortunately for him, but fortunately for me, he fucked up (actually i dont really believe he failed (just yet), he hit a bump). Please dont misread my statement as an expression of Schadenfreude (me being happy about his failure) what is fortunate about Caseys predicament (its not even really failure) is that it offers those like ME the opportunity to LEARN and in that regard Casey is truly unique and lightyears ahead of, and infintely better than all the crooked CEO assholes which represent everything thats wrong with the US (Jack Welch is lobbying to stop media from publicizing executive pay - hmmm lets analyze his incentives).

So to clarify, lets go over the main points

- Casey started with little if any capital
- Casey goes for it
- Casey is not a seminar junky
- Casey actually tried out the things Casey learned in seminars - how many haters - apply all they learned in
college let alone high school - in their money making endeavors?
- Casey fesses up to his f.ups - are you telling me non of the haters never fucked up at anything? are you telling me none of the haters ever lied or fibbed - EVER? I call your bullshit.
- Casey isnt afraid of humiliation - so much is done to save the face in today's world, so many CEOs hush failed pet projects, and their own shortcomings, how about that asshole that got 'fired' from home depot who is notorious for silencing his board by imposing one minute limits to their ability to speak. Fucker. BTW they do teach you all this shit in college - though ITS NEVER EVER applied in real
world.
- Casey keeps on going for his dream eye of the tiger - to be fair to the CEO assholes, they do to, though they are too busy hiding this, behind their PR-manufactured rags to riches BS stories.
- Casey is willing to change his approach - CEOs only do this when they have no other choice, granted
- Casey doesn't have much of choice now, but at least he expresses willingness to be on the straight and narrow.
- Casey offers more real lessons - the only time CEOs write anything is when they succeed, or at least have the ability to portray success, or success in face of failure or some other ridiculousness like that, its never - any worthwhile info. either, always some cliché inspiration BS that you either already knew, or heard a 100 times before
-Casey is better than you -- who of the haters has taken the chances Casey has taken, I know this question can be reversed at me for posing it, but forget all that - HAVE YOU
EVER TAKEN A CHANCE? sure you did.... how about a chance take 2.2 mil that you dont have and make into more money?
-Casey is focused, perhaps not on the right things (like due diligence), but you have to admire his persistence, and you know he is learning all the time, his laser like focus will eventually yield some solid results (you know this if you ever focused on anything improbable in your life)
-Casey is pretty tenacious and thats a rare quality in people with western mindset.

how many haters can say that about themselves?

ye that's what I thought....



Comments

delayed reply (To Nicks comment)

Thats a very impressive comment - so i feel like i need to match it in my follow up. And id like to add that i certainly care. Ill start by saying that - if you have dreams that are independent (do not involve) becoming rich, That is great. But i do believe that a great number of people in the world, including in US, find themselves in a position of having their dreams so far on the back burner that to pursue them becomes unrealistic (at least for them at that moment). Meaning, family obligations, defeatist attitude, being physically removed from opportunity to pursue the said dream – a kid in Kansas dreaming of becoming a surfer (and many of these people think this would change only if they made enough money)…. Id like to state that its my opinion – after studying the bios of extremely successful, people – that if you don't have a well defined, clear cut, goal by age of 15 or 16, you may as well as focus on the money, because whatever else you decide to do chances are against you becoming someone really outstanding. To answer your question – “where did we take dreams and associate them with being rich”. Lets not concentrate on the fact that – anyone who’s old enough to understand what money is – wants it, for a moment. This question assumes that dreams are in some way associated with being rich. That may not necessarily be the case. Becoming rich like becoming powerful is too vague and falls more under category of ambition. A dream is something more specific. Now to answer how those concepts are relate. I think the phenomena starts very early in a persons life. Either a person has no truly strong preference for things, or her or parents do not pay close enough attention to cultivate a ‘dream’ in that person. No one is born and grows up dreaming of becoming a drug addict, or a low level criminal, and hardly if ever do kids dream of becoming plumbers or menial laborers. And this is just in this country. Even if a person does have a dream – especially at a young age – its easy to be distracted, even if the dream is quite strong. Here’s an example – when I was a kid I wanted to become a pilot. A military fighter pilot to be precise. My parents being who they are didn’t really know this, didn’t really care. And I was kind of shy about the whole thing out of fear of sounding ridiculous. Looking back at it of course I know it was silly (to by shy that is) but what can I do that’s how my personality formed. In a big part due to the fact that unrealistic dreams are (sometimes subtly sometimes less so) are discouraged in favor practicality, and some ambiguous ‘hard work’ ethic. Fast forward a few years I graduated HS and went to college, here I was less shy and got myself into programs that could make this dream (of flying fighter jets) come true. Of course because of my “previous life” the odds were already starting to get stacked against me , or at least not in my favor. So now im playing catch up. But not only am I playing catch up – a lot more things are added to equation, now I have to work and have a job, worry about money, and there are suddenly distractions like partying and girls. So I find myself trying to keep all these balls in the air, without any training in juggling so to speak. Eventually Air Force wants its flight school hopefuls to make increasingly commitment oriented decisions, and this point someone like myself – who despite having a dream – decides to realistically asses the situation and weigh the options. Of course Air Force – knows that main attraction it presents is providing one with ability to fly the best hardware in the world, but it also knows that number of applicants will exceed number of available positions, and clearly USAF has more needs than just for pilots and theres a very good chance that if you don't get into flight school, or even worse, fail in flight school and get washed out, youll be flying a desk in Washington DC, and that’s a good case scenario. So now im put in a position where im suggested to take a gamble with odds not stacked in my favor. Of course all this depends on ones attitude to risk, but I chose to not continue with AF. This doesn’t mean the dream died. I still learned how to fly, and even learned how the fun part of flying - aerobatics. At this point the critics could say – well you can go on and become an airline pilot – very prestigious, very cool. Only im not really interested in being a bus driver in the sky. So now I have a 9-5 and a very VERY expensive hobby. And at this point I can tell you that id rather fly for fun, and id also rather not really work. So were I to make a ton a cash mad fast – my dream would come true. Oh and one more thing – I still want to fly jets, and guess what I can, its just even more expensive than doing rolls and loops in a basic trainer, about x10 more expensive. Of course that’s not the only issue here, another interesting phenomena is the loss of US manufacturing sector, and increasing disparity between poorest and richest. Before I go on on this theme – I have to state that I live in a major coastal city, so things look more pronounced to me than to someone lets say – in Atlanta GA, because of things like real estate prices, and general composition of economy around here. To afford an average house in the 30mile radius around this city one needs to have an income of $200k and a down payment of about $150k. So this is yet another thing that lays pressure on people to strive to become independently rich. About happiness – this is largely individual. What makes one happy? If I consider myself in comparison to worlds 6 billion population – I really have nothing to complain about. I mean there are groups of people (in the world) living in and around garbage dumps (the size of towns) – their entire lives. So am I happy? it would be extremely obnoxious to whine in my position (that – by the way – goes for about 90% of US citizens). So I cant argue with you on the point of happiness – if you live in US and theres something you want to do – you really have no excuse. In US happiness is a choice, if youre not happy its because you choose not to be. About goals – we could talk about this one in circles as well, but everyone knows that if your goal is really to work for a nonprofit, you can drop everything and work for nonprofit – end of story. But everyone also knows that there are other pressing needs. And for the 3rd time we all know that were you all of a sudden to become rich it would be much easier for you to go and work for the said non profit. I feel like your reply was somewhat sidetracking the theme of my original post. My post was to address Caseys haters, and that it was lame to hate on a guy for trying something alternative, especially when almost everyone would wish to be able to pull of what he tried and couldn’t. Also to point out that were Casey to succeed at his little adventure I doubt anyone would be hating on him quite as much. Another major point that perhaps I failed to emphasize –is that school, as it is today, fails when it comes to economic realities. Basically saying work hard, find something you like, and youll be OK. Of course the world is much more complex than this, and school does nothing to address this. Casey addressed this point by basically stating that he doesn’t think school is the best way and that there are alternatives to working 9-5, and that is what most impresses me about Casey, of course instead of trying to support his points, the haters lashed out and made of him, which I think is unfortunate, that people trying to justify their own lifestyle choices by kicking a kid while he is down. Also id like to argue that what Casey is attempting is not badabing badaboom instant riches. I really think he is trying to use a creative way to generate wealth which will free him from the ‘grind’. I don't think casey is looking for easy way out hence – the 30k spent on education. Listen – its clear casey is misguided in so many ways, but the effort, and the thought is very very good, further more his effort was in innovative direction, no school or college can teach someone what casey learned – both in seminars –and hard way in practice. Also an historical aside to this argument – its pretty well documented that the middle class is constantly ‘vying’ for the position of the upper class. The revolution in Russia was called the proletariate, and workers revolution, but the brains behind the operation were all upper middle class. Same goes for Cuba, and Iraq, these are the immediate examples that come to mind im sure theres moe (also to support my theory Id like to point your attention to orwells 1984, describes more or less the same situation).

This is the first time I've

This is the first time I've read about Casey; I give him credit for courage, but not for wisdom. In fairness though wisdom is gained by trying things, which means you'll sometimes fail. My own opinion about investment seminars is that the only people who make money fom them are the people running them. And the seminars are their primary income, not the investments they're pushing. He may have failed but he's got courage, hardly a reason for people to hate him. I wish him better luck in the future. Flyswatter Xomba Moderator

Flyswatter

Xomba Moderator

to: living in cave

yeah thats the gist of it. for the whole story check out www.iamfacingforeclosure.com but theres a bit more to it - in a nutshell - Casey Serin is a 24 old Sacramento CA based 'investor' who after buying and selling his condo, decided to invest $30k into Real Estate Investment seminars, where he learned various creative ways to invest in real estate. With little delay he bought something like 8 properties, and without much initial capital, so he ended up takin on about 2.2 million of debt. Market ended up being less spectacular than expected. And now he blogs about his exploits in his situation.

I must be living in a cave

...because I've never heard of this guy. Who is he and what's this all about? I'm guessing that he invested some money and then lost it and that some people are trashing him because he failed.

great

That is great reply. And i do care. I started writing a comment to your reply and it got out of hand really fast. So it will take sometime to process and edit, and attempt to make it more legible. Once again id like to thank you very much for your comment and your story. Also id like to say that id like to talk to you some more about Xomba, and other things! Thanks again. And a comment is comming :) C

American Dream?

I rarely give me opinions on Xomba. I doubt anyone really cares. However, I'd be happy to throw my 2 cents into this. "Get rich quickly" ... "Instantly make $1000 a month doing...yadda yadda yadda" It is amazing that people believe this can happen. Wait, let me change that. It is amazing people think they're going to be rich. When I was in college, not that long ago, a survey was done on students and over 60-70% of them thought they would be millionaires. Where did we take dreams and associate them with being rich? Maybe it was how I was raised or other variables in my life. Success does not equal wealth. Many rich people inherit their money like Trump or most politicians. I never grew up as wealthy and I am the second person in my family to get a 4 - year college degree. I started Xomba with $1,000 in coins that had been saved since the 70's. I doubt I'll ever be rich. Hopefully, I'll be happy, but I have no delusions about that either. I just live day to day. I work hard, multiple jobs and somehow manage to balance my social life and pay my bills. This is how life is for 90% of Americans. We just take everything for granted and always want more. I still feel very lucky to even have the oppurtunity to start Xomba even if it fails. I worked the 9-5 grind and that's no fun either, of course now I work 60-70 hours a week. I have other dreams. For instance, working in the non-profit sector helping people. None of them are about being rich. Sure, money is nice, but it's not a goal.

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