Sunday, September 17, 2006

Wealthy or just rich? George Foreman explains the difference

The New York Times article Jim Gust links below could have been just another story about rich celebs past and present — you know: easy come, quick go — were it not for the estimable George Foreman.

We've quoted George before. Here, he explains why turning a temporarily rich person into a wealthy one would take more than a trust officer (or a business manager) pleading in vain for the celeb to put something aside instead of spending it all.

“A lot of people just don’t grow up,” George says. “I mean, 65-year-old men. They just don’t grow up."

When you meet a truly wealthy person, George asserts, you can tell:
“I’ve seen guys who work on a ship channel and they get to a certain point and they’re confident. You can look in their faces, they’re longshoremen, and they have this confidence about them.”

He says he can spot a longshoreman who has enough equity in his home and enough money in the bank to feel secure, and that some people, no matter how much money they have, never get there.

“I’ve seen a lot of guys with millions and they don’t have any confidence,” he says. “So they’re not wealthy.”

Does George himself have that confidence? No, he says, After going bust, “I will never feel secure again, I’ve got to earn, earn, earn, earn.”

Postscript: After reading this article, the Senior Assistant Blogger headed into the village to the annual old car show. Look at this 1951 Ford. By golly, there's a confident car, made by a confident company.

Not only were U.S. made Fords worth buying in those days, the smaller English-made Fords were reknowned for durability. Became so popular they were imported for sale here.

Like George Foreman, Ford may never get its confidence back, and that bodes ill for the company. Granted, Ford and GM bear around $1,400 in per-car costs, such as retiree benefits, that Toyota and Hyundai don't. But it's hard to imagine today's Ford 500 or Buick LaCrosse being a runaway bestseller even if you knocked $1,400 off the price.

Speaking of Buick, this 1948 Roadmaster convertible looked pretty confident, too!

1 comment:

Jim Gust said...

That '51 Ford looks just the car my folks drove in the 50s.