He's already doubled his net value in the first year. He's plan is what I've always said I'd do but if you're gonna spend 14k on a used car might as well spend another 10k and get a brand new one.
Very refreshing to see someone win who is smart, and not afraid to talk to the press too. The buzz out there has always been people waste it, or disappear.
$65,000: New bicycles, including a $12,000 BMC road bike
I would do that too
Do you ride? I ride an Orbea Vuelta 2007. Just Shimano 105 componentry. I want to go up to an Orca with Ultegra or Dura Ace components, but that's a long way off. I've only done about 1000 miles on this one in the last few months. Going to need to be logging a lot more miles before I can justify spending that kind of money on a bicycle. I felt bad enough spending AU$2500!
He was manager of 5 Gold's Gym, so the guy at least had some business background. To do it as well as he did he most have had a good head on his shoulders as well.
This is just proof that the type of person will determine what happens with the money when someone wins it. You take your white trash that never had money in their life, give them 50 million and they will buy 10 million dollar house and put down 1 million and have huge notes, like 50K month. They blow all the rest of the money on shit, bad investments, etc and 3 years later they have nothiing left, can't afford the note on the house and lose the equity in the house when the bank takes it back. And/ or they wind up killing each other.
If you don't know how to make or at least manage money then it doesn't matter how much someone gives you, you wont know how to keep it or make more.
ICQ: 86364801 Email: will [at] innovativeassets [dot] com
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