Financial Planning: Doin’ it old school (Friday smile)
A lot of high tech tools out there to do your financial planning with, I have seen a lot of them, 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 really do. Makes my whining about my car payments on my 4 year old Montana Van seem insignificant, don’t it? UAD is another company, I believe. If Larry Ellison can spend the time to figure out a budget, so can you! –C8j
More on this topic
(What's this?)
Budgeting Pitfalls and Remedies
(Saving to Invest, 12/26/08)
Budgeting Your Future
(Contrarian Profits, 11/21/08)
new to the moneygardener?
(The Money Gardener, 10/17/08)
What My Parents Taught Me About Money
(Moolanomy, 8/29/08)
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