Hanging out with one of my girlfriends the other day got me thinking: if I have a daughter, there will be things I need to teach her about men and dating when it comes to money. My friend showed me a picture of her date's car: a new BMW i8 (MSRP: $140,000). She argued that she could care less about what car a guy drives, yet that didn't stop her from admitting she was thrilled to be picked up in his new car.
As giddy as she was about his new car, she wasn't thrilled to find out he rents a dinky old studio apartment in Los Angeles. In fact, she felt something was off there, but dismissed it because she liked his car. His house to car ratio for a financially wise person is totally out of whack, showing that he'd be a poor financial choice for a companion. There are plenty of men out there who have the "wealth" and "success" accessories AKA "successories", but no money in the bank.
Empathy is much more valuable than intelligence. It really doesn't matter how smart you are, if you're a creepy selfish asshole, you won't get as far as someone who has less intelligence, but is relatable to everyone.
This past year, I have been fortunate to travel on private jets for free. I wasn't able to travel for free on a jet because I wrote a review for them, nor did I sign up for a giveaway. And I did not get myself into private jets by racking up millions of credit card points. I was able to travel on private jets because I had built good relationships. Let me share some background story. Read on as I will share steps on how to build good relationships and become a better networker!
If there's one thing I share in common with many men, it's a fascination for cars! It's truly is a religious experience. I think of every car as a beautiful female. Each car comes in all shapes and sizes. It really is a love affair! Cars, besides women, are the only thing that guys would easily and stupidly dump $50,000 on without breaking a sweat. How ridiculous is that?
It's not just men who go crazy and stupid over materialistic things. There are women out there that have $5,000 worth of shoes. Not to mention their purses that totals about $20,000, and $10,000 worth of clothes in the closet. It's not so bad though, when considering guys desire cars in the $30,000-$50,000 range on average. Why do we forget all our personal finance wisdom when it comes to our weakness, I have no idea. But I figure it's best to accept it, and just budget our finances for it.
Believe it or not, one can own a Lamborghini without being a multi-millionaire. Yes, it's 100% possible even if you aren't wealthy yet. And no, I'm not joking! Is it foolish to drive an exotic car before you're financially independent? Most likely. But this guide will help millionaires, and aspiring millionaires, to drive a Lamborghini Gallardo for "free". The Gallardo has recently been replaced by the Huracan. But the Gallardo is synonymous to Lamborghini as the best built and most reliable of the past decade.
While the Huracan is the new face for Lamborghini, it's also highly unaffordable for a person who's not financially independent or wealthy yet. And most millionaires typically don't buy an exotic car in the first place. Unless they break into the $5-$10 million net worth range first. First, let's break down how to buy a Lamborghini Gallardo regardless if you're financially independent or aspiring to be financially free. And finally, let's go into specifics on how to buy a Lamborghini Gallardo for "free".
When I finally hit financial independence, I was still driving a 13 year old car that I loved very much. It was a Lexus IS300, and she was a beauty. But she was starting to give me fits. The air conditioner suddenly stopped working. The brakes started squealing. She had trouble passing the Smog check test every 2 years. And she was starting to get expensive just to maintain. The whole suspension needed to be replaced. Not to mention that the check engine and traction control lights were constantly on.
I started to have my doubts about her. It was finally time to get a new car. So how does an actual millionaire buy a new car? And how does someone who's striving to be a millionaire buy a new car? Is there such a guide that can help one to not overspend, so one can still have money leftover to invest? The millionaire's guide to car buying will show you how using the 20X Rule or 10% Rule!
I run into new entrepreneurs everyday who can't wait to share with me their latest "business venture" that is going to take over the world!
After they share this with me, I immediately always ask them this one simple question:
"Why are you an entrepreneur?"
You can probably guess the most common response to the question:
"I want to get rich and make lots of money!"
When I started digging deeper to find out their true motivation for making a ton of money, it's almost always because they want to live a very comfortable lifestyle without ever worrying about money again.
After hearing their true desire, that's when I usually think to myself, "how much money does one really need to live comfortably?".
Don't get me wrong. When I first got started as an entrepreneur, I also desire to make a ton of money. But I quickly learned that you don't need as much money as you think to live very comfortably!
Whatever your financial definition of rich is, whether it's high net worth or high income (or both since you're greedy!), your mission, if you choose to accept, is to lock down one of those one million+ rich people the IRS actually knows about, to be your boyfriend or potentially marry you. (Fun Statistic: Out of the 140 million tax returns that are filed every year, about over 1 million makes an adjusted gross income of over $380,000 a year.) And don't say you're not into rich men, a study is proven here.
The general rule about money is that once you have it, you don't really worry much about money anymore. And when you worry less about money, you get to fight more regarding all the other things that comes with being in a relationship! It just won't be about money typically!
This content will provide helpful insights into how single men who makes $200,000 income a year or more, or have a net worth of over $1 million dollars, thinks about women and marriage. Once you understand what rich men fear and hopes are, you are on your way to living the good life with that special rich someone!
The people of Great Britain decided to shoot themselves and punch the rest of the world in the face by leaving the European Union (Leave 52% versus Remain 48%). As a result, the pound fell to it's lowest levels in 35 years and global markets lost over four trillion ($4 trillion+) on Black Friday!
This black swan event is another reminder why I prefer other alternative investments like real estate over buying public stocks. For example, in real estate, there aren't so many random unforeseen variables that could punish your investment brutally. Rental income comes in like clockwork every month and there's so many things you can "control" to make the value of your real estate go up.
Unless you're a billionaire or run a huge hedge fund, being a minority investor with no say or control in your investment is just the way of life for stock investors. If you're not an activist, you have no control of what your stocks can do in the future. Let's discuss briefly why Great Britain chose to exit the EU, and what may happen next.
Because I set out to make $100,000 income per year as a goal while in college, I set out to work in an industry which would allowed me to make such an income. Industries such as engineering, consulting, finance, legal, high tech, and medical are such industries. (I originally planned on being a pharmacist.) The problem is going through the process and survive long enough to enjoy the financial rewards. Not to mention that I hated school. And I really hated working for someone else. Having a boss or superior over me? FORGET IT! It's just not my cup of tea.