Is it possible to have a lot of money and still be frugal? Yes it is. Take Matt Bonner, the Toronto Raptor’s power forward. Unlike other NBA players, Bonner doesn’t spend his money on Bentleys, Mercedes Benzes, or BMWs. He doesn’t have a 32 room mansion that has a elevator or a shark tank. He […]
Even millionaires need to budget
Those are the words of Phillip Simon, the financial advisor of Oracle Corp. founder Larry Ellison. According to e-mails that were recently made public, the financial advisor seriously worried of his clients spending. This guy was frivolously squandering his money. $20m a year for lifestyle, $75m a year on accrued interest. […]
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