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Yes, sad day for his faimly, the Lakers, and the NBA as a whole.As much as I loathe the Lakers, the man was genious with how he ran the Lakers.
RIP. May he join the Basketball gods in the sky....
That earned Buss a job at the Douglas Aircraft Company where he was paid $700 a month.He decided to put aside $83.33 from that monthly paycheck in order to raise a thousand dollars in one year. Mariani, a fellow worker, did the same. Getting four other investors to join them, Buss and Mariani put down $6,000 in 1959 to buy a 14-unit apartment building in West Los Angeles for $105,000.
If you're a young person interested in making money, read this QuoteThat earned Buss a job at the Douglas Aircraft Company where he was paid $700 a month.He decided to put aside $83.33 from that monthly paycheck in order to raise a thousand dollars in one year. Mariani, a fellow worker, did the same. Getting four other investors to join them, Buss and Mariani put down $6,000 in 1959 to buy a 14-unit apartment building in West Los Angeles for $105,000.A young Buss scraped together his initial real estate investment by saving 12% of his meager salary for a year. Not having enough funds to do it himself, he threw in with partners to buy his first investment property. it's ironic that both LA NBA teams are owned by self made real estate investors - one considered the best owner and one the worst. Here's the Yahoo article on Dr. Busshttp://sports.yahoo.com/news/nba--from-bread-line-to-lakers-owner--jerry-buss-left-a-lasting-impact-on-the-nba-161337054.html
Quote from: TripleOT on February 21, 2013, 01:11:04 PMIf you're a young person interested in making money, read this QuoteThat earned Buss a job at the Douglas Aircraft Company where he was paid $700 a month.He decided to put aside $83.33 from that monthly paycheck in order to raise a thousand dollars in one year. Mariani, a fellow worker, did the same. Getting four other investors to join them, Buss and Mariani put down $6,000 in 1959 to buy a 14-unit apartment building in West Los Angeles for $105,000.A young Buss scraped together his initial real estate investment by saving 12% of his meager salary for a year. Not having enough funds to do it himself, he threw in with partners to buy his first investment property. it's ironic that both LA NBA teams are owned by self made real estate investors - one considered the best owner and one the worst. Here's the Yahoo article on Dr. Busshttp://sports.yahoo.com/news/nba--from-bread-line-to-lakers-owner--jerry-buss-left-a-lasting-impact-on-the-nba-161337054.htmlNot to take away from his accomplishment or your obviously fiscally responsible message but $700/month in 1959, especially after taxes, is not a meager salary. I'd love to get a monthly check for $5.5k (after considering inflation).
At age 80.RIP.
Quote from: CelticConcourse on February 18, 2013, 11:25:46 AMAt age 80.RIP.sorry, Im not a fan of his. He hated the Celtics so he can go straight down the hole
Quote from: Chelm on February 21, 2013, 01:56:12 PMQuote from: TripleOT on February 21, 2013, 01:11:04 PMIf you're a young person interested in making money, read this QuoteThat earned Buss a job at the Douglas Aircraft Company where he was paid $700 a month.He decided to put aside $83.33 from that monthly paycheck in order to raise a thousand dollars in one year. Mariani, a fellow worker, did the same. Getting four other investors to join them, Buss and Mariani put down $6,000 in 1959 to buy a 14-unit apartment building in West Los Angeles for $105,000.A young Buss scraped together his initial real estate investment by saving 12% of his meager salary for a year. Not having enough funds to do it himself, he threw in with partners to buy his first investment property. it's ironic that both LA NBA teams are owned by self made real estate investors - one considered the best owner and one the worst. Here's the Yahoo article on Dr. Busshttp://sports.yahoo.com/news/nba--from-bread-line-to-lakers-owner--jerry-buss-left-a-lasting-impact-on-the-nba-161337054.htmlNot to take away from his accomplishment or your obviously fiscally responsible message but $700/month in 1959, especially after taxes, is not a meager salary. I'd love to get a monthly check for $5.5k (after considering inflation).Get a doctorate in physical chemistry like Dr Buss and you could be making that salary.