By The Numbers
Comparison By Age
$0
$15,771,457
Comparison By Occupation
($76,000)
$15,771,457
Comparison By Education
($76,000)
$16,948,000
Comparison By Salary
$315,348
$16,948,000

gmt's Profile

Date Joined
12/2/2014
Salary Range
250,000 +
Occupation
Legal
Age Range
45-49
About Me
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
Favorite Authors
Elon Musk. Warren Buffett. Bogleheads. Early-Retirement.org, MMM. Various financial bloggers.
Favorite Books
Stumbling onto Happiness. The Millionaire Next Door. The Great Gatsby. Catcher in the Rye.
Favorite Movies
Grand Budapest Hotel. There Will be Blood. Religulous. Fantastic Mr. Fox. The Namesake. Fight Club. Shawshank Redemption. Food, Inc.
Last Login
9/1/2017
Net Worth Entries
2017 - September $15,771,457
2017 - August $15,734,011
2017 - July $15,602,016
2017 - June $15,286,720
2017 - May $14,522,379
2017 - April $14,212,534
2017 - March $14,167,938
2017 - February $14,112,648
2017 - January $14,086,914
2016 - December $13,099,208
2016 - November $12,676,794
2016 - October $12,238,534
2016 - September $11,600,459
2016 - August $11,519,437
2016 - July $11,023,719
2016 - June $10,892,623
2016 - May $10,535,303
2016 - April $11,078,646
2016 - March $10,200,044
2016 - February $10,162,706
2016 - January $10,548,400
2015 - December $11,083,988
2015 - November $11,051,854
2015 - October $10,268,767
2015 - September $10,405,695
2015 - August $10,551,176
2015 - July $10,198,121
2015 - June $10,175,575
2015 - May $9,937,373
2015 - April $9,716,139
2015 - March $9,615,058
2015 - February $9,107,624
2015 - January $9,064,955
2014 - December $8,699,896
2014 - November $8,577,362
2014 - October $8,453,439
2014 - September $7,056,808
2014 - August $7,256,800
2014 - July $7,227,976
2014 - June $6,898,301
2014 - May $6,680,213
2014 - April $6,713,521
2014 - March $6,440,908
2014 - February $6,458,318
2014 - January $6,390,705
2013 - December $6,188,568
2013 - November $6,113,787
2013 - October $5,932,890
2013 - September $5,616,084
2013 - August $5,609,840
2013 - July $5,553,585
2013 - June $5,278,706
2013 - May $4,968,473
2013 - April $5,455,866
2013 - March $5,094,698
2013 - February $5,080,843
2013 - January $5,078,431
2012 - December $4,685,857
2012 - November $4,489,671
2012 - October $4,471,792
2012 - September $4,453,625
2012 - August $4,422,898
2012 - July $4,410,485
2012 - June $4,208,412
2012 - May $4,230,633
2012 - April $4,067,236
2012 - March $4,039,328
2012 - February $3,997,125
2012 - January $4,025,026
2011 - December $3,788,376
2011 - November $3,659,608
2011 - October $3,632,420
2011 - September $3,641,650
2011 - August $3,537,262
2011 - July $3,525,547
2011 - June $3,378,208
2011 - May $3,308,339
2011 - April $3,283,102
2011 - March $3,265,670
2011 - February $3,188,605
2011 - January $2,862,814
2010 - October $2,595,375
2010 - September $2,570,761
2010 - August $2,441,150
2010 - July $2,409,950
2010 - June $2,372,081
2010 - May $2,483,738
2010 - April $2,374,996
2010 - March $2,417,311
2010 - February $2,456,074
2010 - January $2,425,385
2009 - December $2,411,118
2009 - November $2,245,129
2009 - October $2,249,528
2009 - September $2,183,120
2009 - August $2,182,013
2009 - July $2,240,216
2009 - June $2,280,560
2009 - May $2,295,463
2009 - April $2,422,611
2009 - March $2,399,341
2009 - February $2,376,860
2009 - January $2,343,380
2008 - December $2,092,017
2008 - November $1,957,711
2008 - September $1,729,846
2008 - March $1,666,312
2007 - October $1,368,082
2007 - July $1,296,221
2007 - June $1,224,340
2007 - March $1,185,530
2007 - January $1,141,599
2006 - December $1,101,177
2006 - September $1,023,265
2006 - May $826,322
2006 - March $826,322
2006 - January $789,619
2005 - December $615,369
2005 - September $572,500
2005 - June $367,500
2005 - May $367,500
2005 - April $660,000