I have seen many high-tech tools out there to do your financial planning with, but for the high and mighty “rich folk,” they do it “old school”. Have a look at how Larry Ellison does his budgeting! Now that is really “kickin’ it old school”! Scrawled on a single piece of paper, that shows real confidence in your abilities.
What does Larry’s budget look like, you may ask (in case you didn’t click that link?):
Expenditures
- Lifestyle – annual $20m
- Interest accrual – annual $75m
- Villa in Japan – $25m
- New yacht – $194m – over 3 yrs
- America’s Cup – $80m – over 3 yrs
- UAD – 12m over 3 yrs
I feel sorry for him. I do. Makes my whining about my car payments on my 4-year-old Montana Van seem insignificant, doesn’t it? UAD is another company, I believe. If Larry Ellison can spend the time to figure out a budget, so can you!
