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“So, you’re not an artist, but you give people advice on how to become one?”
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“The art you collect is an extension of your personality and your pocketbook.”
— Jean-Michel Basquiat
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How much do you (really) need to save for retirement?
“Just how big your nest egg should be and how long it might last will depend not only on what you save and invest but also how you plan to spend money once you retire. Do you plan to work part time in retirement? Travel a lot? At what age do you plan to retire? Answers to all these questions will help you figure out how large a nest egg you may need to live the life you want in retirement. And don’t forget to factor in inflation and future market conditions.”
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“I’m not broke; I’m pre-rich.”
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“I was broke. I had $50 million, and then I had nothing. I had property, but I didn’t have any money,” Pacino remembers about finally looking into his finances. “In this business, when you make $10 million dollars for a film, it’s not $10 million. Because after the lawyers, and the agents, and the publicist, and the government, it’s not $10 million, it’s $4.5 million in your pocket. But you’re living above that because you’re high on the hog. And that’s how you lose it. It’s very strange, the way it happens. The more money you make, the less you have.”
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The exact multimillion dollar figure the American Dream now costs, according to research
“The financial media site Investopedia has done the math and calculated that achieving those milestones now costs a staggering $4.4 million—over $1 million more than most Americans will make in their lifetime, according to the researcher.”