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I think part of it is that he comes from a modest background as well; he's the only in his family that is successful. Owns a house outright on a golf course in an expensive Connecticut town, is high up at a major private equity firm, probably makes in a year what it took me five years to make at BlackRock, if not more. Perhaps wealthy isn't the right word, but the guy has serious coin. He lives alone, never married, no kids. Seems like his only indulgences are the occasional new running shoe and the occasional steak.Originally Posted by mlcor
I don't know. Although if he's actually wealthy, he wouldn't be counting the days he has to work until he can retire. My definition of "wealthy" means either you inherited money and don't need to work, or you've made enough money that you no longer need to work for that reason, and either are retired or working for reasons other than needing to save more money to retire. My wife and I come from modest backgrounds, and have been very fortunate financially. But that's partially because we've never lived extravagantly (comfortably, certainly, but not extravagantly), and don't have any debt. Money that I spend on watches only comes from my "mad money" fund, money that isn't needed towards retirement or other expenses--both Mrs. Cor and I have funds like that. She saves hers, though.
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