Tag: Money
-
Why I Bought a Bentley and What It’s Like
In 2003, Rick Rubin offered me a ride in his Bentley Arnage. I declined because I thought the place we were going was within walking distance, and only after he drove off did I realize that I was thinking of the wrong place and had missed a chance to ride in what I still believe…
-
Getting to Unlimited Runway
Due to CruiseSheet growing and my new coaching project, my income has gone up quite a bit compared to previous years. This has been a strange transition for me, as I’m used to being the guy who doesn’t really make much money, but does clever things to maximize it. Now I have a more normal…
-
Thinking About Quality
When you travel most of the time and do it with only a small backpack, eventually all of your travel gear becomes very high quality. You buy something nice, love using it, and it retains its utility for a long time. If you buy something low quality, it breaks or frustrates you, and you end…
-
Utility on Investment
The thing about investing money is that it’s pretty hard for an individual to do much better than 5-15% per year consistently, depending on your risk tolerance and connections (my best investments have been putting money to work with friends’ businesses). Five to fifteen percent is pretty good, but it’s inside-the-box thinking to stop there.…
-
Assets, Experiences, and Indulgences
Nothing makes my way of thinking about it the one correct way, but I think of money spent as three different things: Assets, Experiences, and Indulgences. I do this because it helps me create rules and guidelines for how to spend my money so that I can do well in the long term without having…
-
Retire First
Here’s an idea for people who are done with school and aren’t too excited about the standard life staring them in the face. Instead of grinding through life to retire later, why not work as hard as possible to retire first, and then live the rest of your life on your terms. There are probably…
-
Why I Throw Away my Change
I throw away my change. Not all of it. Quarters of the lifeblood of laundry, and dimes have the best value to weight ratio, but I throw away all nickels and pennies. If I’m at a store and I don’t accidentally autpilot pocket my change, I’ll leave the pennies and nickels on the counter. If…
-
How To Earn $36.50 (or more) in Five Minutes
EDIT 9/28/15: Coinbase has now blocked me from doing this. Prior to offering it, a friend had emailed the CEO of Coinbase and got the go-ahead. A few weeks later a CSR told me that they were disabling referral bonuses for my account. I have paid out 100+ readers and will continue to pay out…
-
The Deal With Cheap Vegas Real Estate
As I mentioned in other posts, I’ve bought a place in Vegas and have officially moved there (although I still spend a lot of my time traveling). Living in Vegas is a weird sort of loophole that most people probably aren’t even aware of, so I figured I’d talk about why I decided to do…
-
Relative Value and Bargaining
I got into a tuktuk in Chiang Mai to meet my friends for dinner. A tuktuk is a motorcycle with a built in passenger cart behind the driver, which serves as a taxi, but doesn’t have a meter. You negotiate the price up front to avoid getting hit with a big surprise when you arrive.…