|I am happily divorced for the past 12 years or so and have two teenage daughters. Incidentally, I do not include their 529 Plans in my net worth because I do not consider that money "mine." It's about $160,000.
Also, I don't believe in counting "personal property" in my net worth since it tends to encourage needless consumption. My biggest discretionary expenditure is travel.|
|Best Financial Decision|
|Investing: Selling all of my real estate in 2006 (at the peak) and betting against the U.S. stock market in 2008 (at the peak) using triple-leverage ETFs.
Income: Creating and owning several businesses.|
|Worst Financial Decision|
|Investing: Betting against the recovery of the U.S. stock market in 2009 (at the trough) using triple-leverage ETFs.
Income: Spending money on stupid stuff, like leasing a new Porsche.
Life: Getting married.|
|Current Investing Strategy|
|$1.0 million by 35 (check).
$2.0 million by 37 (check).
$4.0 million by 40 (check).
$10.0 million by 43 (check).
$20.0 million by 50 (on it).
Then retire at 55 (or sooner) to go sailing.|
|How do you manage your finances?|
|The problem, often not discovered until late in life, is that when you look for things like love, meaning, motivation, it implies they are sitting behind a tree or under a rock. The most successful people recognize, that in life they create their own love, they manufacture their own meaning, they generate their own motivation. For me, I am driven by two main philosophies, know more today about the world than I knew yesterday. And along the way, lessen the suffering of others. You'd be surprised how far that gets you.
-- Neil deGrasse Tyson|
|What tools do you use?|
|Excel, Personal Capital|
|I need financial help with...|
|No man is brave that has never walked a hundred miles. If you want to know the truth of who you are, walk until not a person knows your name. Travel is the great leveler, the great teacher, bitter as medicine, crueler than mirror-glass. A long stretch of road will teach you more about yourself than a hundred years of quiet. --Patrick Rothfuss|
|Elon Musk. Warren Buffett. Bogleheads. Early-Retirement.org, MMM. Various financial bloggers.|
|Stumbling onto Happiness.
The Millionaire Next Door.
The Great Gatsby.
Catcher in the Rye. |
|Grand Budapest Hotel. There Will be Blood. Religulous. Fantastic Mr. Fox. The Namesake. Fight Club. Shawshank Redemption. Food, Inc.|