There is the legitimate and moral way to work your way up and use thrift to do it...and then there is this dirtbag.
If he is touted as the “New American Success Story”, then we might as well pack it in as a country. It seems to me he is nothing but a parasite.
He flew to New York and rented a 30th-floor apartment in a federally subsidized housing project in Spanish Harlem, where he could see uptown to the lights of Yankee Stadium.
How to get rich in America...sponge off the taxpayers (funny, he sure did hate it when his sister sponged off him)...
"My only house I have now can be sold for $1,175,000, and I owe $380,000 on it," Corey says. "Equity is $795,000."
Not for long weird boy. Most if your "wealth" is paper wealth tied to a house. Expect to take a 50% haircut to your net worth in the next few years...
I dunno—he’s got the right idea, though he carries it to an extreme. I know a fair amount of people who make very good money, but piss it away on things like eating out 3X a week, Starbucks every day, new cars every 2 years, and the latest crap gadgets. A lot of people also have no tracking system for their income or savings, which is a huge mistake as well.
That being said, a $40K computer job in NYC is the equivalent of making minimum wage.
I remember a story about a secretary in New York. She had the same job all her life, never lived extravagantly, saved and invested, and left behind several million dollars when she died.
My husband was just like this guy, but by the time he died at age 41, he had so many investments and a huge house without a mortgage, that I am still living comfortably all these years later. I never noticed he was cheap. We lived in the best part of town, drove Lincolns (used) and were aiming to join the local country club when he died. And our children went to private school, and any college they chose.
Most of his status is based on the possibility of selling one house at a huge profit. A lot of people have been financially ruined by such speculation.
Now that's funny.
This story’s probably about as real as the one he told to get on Springer.
LBT
......
A friend of mine recently told me the horror story of a co-worker of hers, who was determined to marry a rich lawyer.
Well, she succeeded, landing a young partner in the law firm where she worked. But the guy is so stingy he makes the creep in the article look like Santa Claus. He makes $400K a year, and yet is constantly trying to con his $30K secretary into buying him lunch. Even though his new wife is pregnant, he is FORCING her to keep working to pay for “her share” of the house he recently bought on sheriff’s sale. Plus no new clothes, no gifts of jewelry, no trips.
There’s no purpose in having money, as you say, unless you can enjoy at least some of it. People like this usually never get to the point at which they can relax and spend a little—to them, they’ve never made or saved enough.
He sounds a lot happier in his weird lifestyle than most people I know. Oh, and he's a millionaire too........
I'm certainly in no position to judge this guy.
” How to Overcome a Crap Job, Stingy Parents and a Useless Degree to Become a Millionaire Before (Or After) Turning 30.”
......”stingy parents”......oh brother!....like his parents didn’t give him everything he wanted; when he wanted.....sounds like they did him a favor.....made him get off his butt and start doing for himself.
In 1955 if you had a million you were a real millionaire. Compare what 1 million would have bought you in 1955 to a million today. $12,000 bought you a house, $1500 bought you a car. Milk was 18 cents a quart, bread 11 cents a loaf, sodas and candy bars were 5 cents. I’m suppose to be impressed that he is a millionaire today?
Some have trouble knowing the difference between "wants" and "needs". I suspect most regulars on FreeRepublic has learned this lesson. It is better to learn it while you are young then older, but the road to financial security begins the day you learn it.
He is much too extreme for my taste so I will never be "wealthy" like he is but I will be content to be "comfortable".
Graduated college with $10,000 in the bank. At 28, he has $200,000+ in stocks, 30K equity in a bar, 700K equity in a house and over 2K a month profit in rental income...except for the subsidized housing part, I’d say this guy has done something right, financially.
I know many tightfisted people.
We always make sure NOT to call them to attend social gatherings, golf trips and sporting events.
Losers all.
I wonder if he pays his taxes?