Just about anyone who is not a millionaire wishes he were. The women, the cars, the parties and did I mention the women? Anyone who has had to work a 40-hour week just to pay the bills knows the importance of money. The more money the merrier, right? Maybe not.
Money effects different people in different ways; this is not restricted only to those who have lots of money, but also to those around those that have lots of money. Here is one self-made millionaire in his twenties and his view on the high-life.
People wanted to know the worst part of his life. Here's how he responded:
The way others act around me. Money changes everything around you, specially how people act and treat you. None of my friends are comfortable around me so I try to act as down to earth as possible. One thing that has not changed is how I act and dress.
If he's ever blown his money on something:
My convertible red Ferrari, I live in the Pacific Northwest. not the best city for a convertible. I regret nothing.
Why he doesn't hang out with other millionaires:
They all think they are better than everyone else because they have more money but the reality of the matter is that they are all morally corrupt and many of them inherited their money.
How he tips:
I tip 30% on everything.
How he saves his money:
Every dollar you earn, pretend you only have 25 cents.
His tip for success:
Just don't become a lawyer. I have a number of lawyer friends that can't find jobs because they are dime a dozen these days.
His plans for his money when he dies:
I don't have kids and I am not married. I never plan on having kids. I plan on leaving it to my immediate family and donating to charity. I also want to commission the building of schools in third world countries. I am very young tho so that is far away, hopefully.
His most expensive purchase:
I once got very drunk with a few friends from my fraternity a year or so ago and tried to purchase a pigmy giraffe, I contacted my concierge from one of my credit cards, long story short I got a call the next day from said concierge telling me that they could not read my handwriting on the adoption paper work I had faxed the the night before in an attempt to adopt a pigmy giraffe. I had no recollection of any of this.
If money influences his level of happiness:
Money will not buy happiness but giving it away to people who need it most seems to make my happy so I guess in a very twisted way money did buy me happiness.
On his education background:
I have a business degree from the University of Washington. Business school does not teach you how to run a business, they teach you how to be a good employee for a hedge fund or a bank.
On why is he still working:
Work keeps me sane. If I sat at home I would go crazy, I plan on retiring early because my line of work is very mentally taxing. However I don't plan on sitting at home, in order for me to feel like a useful member of society I feel like I need to contribute as long as I'm able bodied.
On what the best and worst thing about having money is:
Best thing is not having to worry about money ever, worst is the way others act around me.
On his biggest failure in life:
I was once scammed when I was 18 years old and lost every penny I had saved up, had it not been for a loan from my parents I would have been working a 9-5 at best buy right now.
One thing he wished money would never change:
Money changes everything around you, specially how people act and treat you. None of my friends are comfortable around me so I try to act as down to earth as possible. One thing that has not changed is how I act and dress.
Opinion on whether school matters:
A degree gives you credibility, what you learn on your own from trial and error and just street smarts you can not get from a degree.
On which credit card is most elite:
I have both, Centurion is not as exclusive as Palladium though contrary to common belief.
Paul Hudson | Elite.