A Quote by Jimmy Dean
I've seen so many people in this business that made a fortune. They get old and broke and can't make any money. I tell you something... no one's going to play a benefit for Jimmy Dean.
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When I started going to business school, I started getting calls from my peers asking for my help. I thought, 'Well, there are a lot of people like me who make a bunch of money and just get so scared of it and don't know what to do with it.' I just didn't want to be 60 years old and broke.
People look at me in many ways. They've said, 'The guy has no regard for money.' That is not true. I have had regard for money. It depends on who's saying that. Some people worship money as something you've got to have piled up in a big pile somewhere. I've only thought about money in one way, and that is to do something with it. I don't think there's a thing I own that I will ever get the benefit of except through doing things with it. I don't even want the dividends from the stock in the studio, because the government's going to take it away. I'd rather have that in (the company) working.
What I'd tell any kid in high school is, 'Take business classes.' I don't care what else you're gonna do; if you're gonna do art or anything, take business classes. You can say, 'Well, I don't want to get commercial,' but if you do anything to make any money, you're doing something commercial.
Hollywood is a business and movie studios are only going to do what's going to make money. It's not an altruistic thing. They are blatant grabs for money. Responsible studios want to make quality pictures, but at the same time nobody is going to make quality pictures they know aren't going to make any money.
I've seen too many people who struggle financially who save thousands of dollars and go on a one year trip. And then they come back out of money, thirty years old, and back to living with their parents and saying 'I'm back to getting any job possible to get more money for travel.'
When you're a 20-something-year-old athlete and you're getting a six-figure check every week, you're not thinking about next week. You're not thinking, 'I'm going to be broke,' or 'I'm going to need another job.' But I'll tell you, there are a lot of broke athletes out there - I know plenty - and I didn't want to end up as one.
In the old days, you had to wait for people to give you money to go and make something. Now, you can post your own sketches online to get them seen. It means more talented people are coming through.
My dad used to put me in front of the TV screen and made me watch old Jimmy Durante and Dean Martin movies. I just always loved entertainment.
The first thing I heard when I got in the business - not from my mentor - was, 'Bulls make money, bears make money, and pigs get slaughtered.' I'm here to tell you I was a pig. And I strongly believe the only way to make long-term returns in our business that are superior is by being a pig.
Guys, just remember, if you get lucky, if you make a lot of money, if you get out and buy a lot of stuff--it's gonna break. You got your biggest, fanciest mansion in the world. It has air conditioning. It's got a pool. Just think of all the pumps that are going to go out. Or go to a yacht basin any place in the world. Nobody is smiling, and I'll tell you why. Something broke that morning. The generator's out; the microwave oven doesn't work . . . Things just don't mean happiness.
The best way to make money is not to have money as your primary goal. I've seen great people come into the business world primarily motivated to make money. Almost without exception they failed.
White man get money - stay rich, kids get rich. Black man get money - it's the countdown till, 'When is this brother gonna go broke?' I'm not going broke.
There's something so romantic about being broke in New York. You gotta do it. You have to live there once without any money, and then you have to live there when you have money. Let me tell you, of the two, the latter is far better.
A man ought to get all he can earn. A man who knows he's making money for other people ought to get some of the profit he brings in. Don't make any difference if it's baseball or a bank or a vaudeville show. It's business, I tell you. There ain't no sentiment to it. Forget that stuff.
I think it helps to get a film made because people who put money in are nervous. They like to have something recognisable enough to make them secure that there's a pattern there - that someone else put their money into something like this and made it back.
It's impossible to make a living in the arts unless you make a fortune. There's almost no in-between. Writers are either broke or rolling in it. Oddly, you can't tell them apart.
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