There was recently this really amazing article by Tony Wright and ensuing discussion on Hacker News about founders of startups who think they’re going to retire at 30 after taking home $4.3mm or so. The gist of the article was that with $4.3mm, you can’t expect to live indefinitely on an inflation-adjusted salary of $200k [...]
I’m going to a real estate investment conference tomorrow. Supposedly the guy speaking is a genuine marvel of a success story, and I’m not saying that I doubt it. After all, real estate is packed with success stories, but I’m a skeptic until I see something that convinces me otherwise. And that brings me to [...]
Look back over the last week, the last month, the last year, and ask yourself this question: did I accomplish what I thought I would? Am I happy about the progress I made during that time? Am I likely to accomplish what I think I will over the next week, month, or year? Truthfully, I [...]
About a year ago, I started blogging in earnest about personal finance and investment, as well as the occasional post on personal development. In April 2007, I started a series about investing for young adults, which took me a bit longer to complete than originally planned (6 months vs. 1 month). During the process of [...]
All men dream: but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act their dream with open eyes, to make it possible. T. E. Lawrence, “The Seven [...]
I’m in the process of buying the house below. Yes, it’s ugly (you should see the inside). It’s a HUD foreclosure and it needs about $8k in repairs, but I got it for about $33k less than the ARV (after-repaired value). Unfortunately, commissions and repairs and everything else eat into that pretty severely, but I [...]
I’ve been reading a book called The Sky’s the Limit: Passion and Property in Manhattan about the high-stakes and often crazy world of residential real estate in NYC. It’s fascinating stuff. A few of the streets in Manhattan, like Fifth and Park Avenue, are home to some of the most concentrated areas of personal wealth [...]
