Recent content by timemoveson

Great topic I decided some time ago that I would avoid the Charity-Industrial and Volunteer-Industrial Complexes entirely. I had a great deal of exposure to things mentioned in this thread like small mindedness, rigidity, waste, et al in my formative professional and business years. In...

Sure you can! I'm mostly this type of investor. But I didn't get rich putting money into the stock market (either individual stocks or indexes) hoping for the stock market to grow. I got rich through business outcomes and the earnings they generated. I saved a lot of those earnings. Then...

Great for you, very well played, very right!

Thanks for the above list. It's quite good. I'm approaching level 7 and hoping to nail it as my kids come fully of age over the next few years. My favourite similar thing is by the very astute Morgan Housel...

Stuck, I've also read your historical posts and I'm sorry for your situation. I'm you, without your real estate problems, a little older and made choices over the years which turned out great but with many big "hits" along the way including on homes. I believe you should strongly consider...

A contemporary OP, good problems to have for sure, so great you are considering your options fully. As someone with a similar situation, I would use the $40K test as you suggest. This is totally outside of your control so you can observe and react to things before you make a much larger...

Yes, I would have to largely attribute my business success, business ownership, early retirement and wealth to anything BUT my technical engineering courses.

Opposite approach We've got pretty much the opposite approach from many of you. To each their own of course. In terms of family, since we've built for multi-generational wealth, we went fully transparent with our kids when they became young adults. They need to understand the scope and scale...

Jonash come back! Perhaps junior poster OP Jonash would come back and actual tell this engaged group what he means by all this and answer the excellent challenges put out there. I have my popcorn.

Nope! Welcome to the club. I got into the club by doing everything myself on a plan. I certainly wouldn't be changing anything due to the jump in scale. Congrats.

Too bad for you. It's the last paragraph of the article and there was a lot of highly relevant history, fact and interesting insight to learn about the world in which you exist in the other 95% of the article.

Wow. Graphic evidence that one should never be truly surprised at the diversity of values on display in this forum (or society for that matter).

Interesting. I would say it's pretty "ultra". At over $10M myself at a relatively young age, I can readily imagine $30M. At $30M, you are virtually completely insulated from the cares of the world or could easily make your life operate that way. And that would include your immediate family...

Very good Very good post and very good report. Download the full pdf (free) from Wealth-X if you are interested. I'm surprised that my little Canada still has such a high ranking. Given our size, relatively egalitarian society, lack of a real claim to fame or advantages, and regressive tax...

Car stories are painful to read if you've been there... Despite my, relatively speaking, strong financial success, cars were definitely a low-point for us. I was the key driver of those decisions and it's embarrassing on reflection to tote up over perhaps 15 key years how many $10's of...