Comments on Millionaire Interviews 11TypePad2013-09-14T02:45:50ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2013/11/millionaire-interviews-11/comments/atom.xml/Brooklyn Money commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b00a97922970d2013-11-04T18:25:28Z2020-05-29T17:39:33ZBrooklyn MoneyWoohoo! Lady millionaires represent!<p>Woohoo! Lady millionaires represent!</p>Squirrelers commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b009f049c970c2013-11-03T16:46:04Z2020-05-29T17:39:33ZSquirrelershttp://squirrelers.comAnother outstanding post in this series. Many compelling things in this particular one, but a basic one that jumped out...<p>Another outstanding post in this series. Many compelling things in this particular one, but a basic one that jumped out is saving 30% of an above-average income. Goes to show it takes two parts: focusing on a career and building income, and then making sure you save. Offense and defense.</p>Miriam R Johnson commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b0097d5a4970d2013-11-02T23:28:40Z2020-05-29T17:39:33ZMiriam R Johnsonhttp://miriamrjohnson.comI really like that you are sharing this information. This Millionaire seem to be living a rich and full life....<p>I really like that you are sharing this information. This Millionaire seem to be living a rich and full life. Not a lavish style and he seems happy. He not spending or losing a lot of money on unnecessary stuff. This makes you look at life a little different.</p>Old Limey commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b0095267f970d2013-11-02T17:20:17Z2020-05-29T17:39:33ZOld LimeyMy daughter shares some similarities with you. She is 53, divorced, and has an investment portfolio of $2.8M which I...<p>My daughter shares some similarities with you.<br />
She is 53, divorced, and has an investment portfolio of $2.8M which I manage for her. There are two adult sons that sponge off her ex husband (a very wealthy attorney) when they need money.</p>
<p>She is currently happier now than at any time in her life since the marriage was never a good one, especially after the premature death of her 8 year old daughter to a brain stem tumor. She receives $20,000/month in alimony, which is nice but it puts her in the top tax bracket. I have her investments 100% in municipal bonds that currently earn $133K/year in tax free income. All of the income, in addition to some of her alimony gets reinvested and will be her primary source of income when the alimony stops in 4 years.</p>
<p>The turnaround in her life happened thanks to eHarmony.com. On her second date she met a wonderful, recently divorced guy that is an engineering manager at a prominent Silicon Valley company. Her divorce agreement prohibits her from remarrying until the alimony stops so eventually she moved in with him, pays him the same rent she was already paying (about $2,300/month) and now lives in a beautiful 6br, 6ba, luxury home in a gated community. The new guy used to work for the same aerospace company that I did but he was in a different division and we never met. I couldn't have picked a nice guy for her myself. He has three children, the eldest graduated a few years ago and the younger two are at an out of state university.</p>Mark commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b008e6b02970b2013-11-01T23:28:07Z2020-05-29T17:39:33ZMarkThat last statement really hit the bull's eye. We don't do well financially because we lie to ourselves. It also...<p>That last statement really hit the bull's eye. We don't do well financially because we lie to ourselves. It also touched on the fact that if you have emotional problems, you probably won't do well financially. To paraphrase another PF blogger, Todd Tressider "Financial problems are actually personal problems masquerading as money problems". That's true for most of us, most of the time, I think.</p>Interview 9 commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b008d7a42970b2013-11-01T21:32:24Z2020-05-29T17:39:33ZInterview 9Really impressive story. Your daughter is fortunate to have a mother like you, and it sounds like you both 'make...<p>Really impressive story. Your daughter is fortunate to have a mother like you, and it sounds like you both 'make it fun' to keep expenses low. Just the process of determining $5,000 in savings for 2012 sounds like a lot of work but an interesting way to spend time together and see how each other analyzes things.</p>
<p>Your daughter's small company also sounds like a great way to minimize taxes, and keep her involved in her future while providing a savings vehicle. Continued success to you both.</p>Kevin commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b008bf43e970d2013-11-01T18:14:31Z2020-05-29T17:39:33ZKevinGreat story. thx for sharing<p>Great story. thx for sharing</p>Ivy commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b008a44ea970b2013-11-01T14:45:47Z2020-05-29T17:39:33ZIvyVery impressive the relationship you have with your daughter as well - how much you are on the same page...<p>Very impressive the relationship you have with your daughter as well - how much you are on the same page financially, how she trusts you to manage her business, and you obviously enjoy spending time together travelling. Congratulations on raising her well!</p>Limey Junior commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b0089e866970d2013-11-01T13:28:07Z2020-05-29T17:39:33ZLimey JuniorDoing very well!<p>Doing very well!</p>#6 commented on 'Millionaire Interviews 11'tag:typepad.com,2003:6a00d83451bcbd69e2019b0088c627970c2013-11-01T11:26:03Z2020-05-29T17:39:33Z#6Hi #11- at what age would you wish to retire? Nice interview, it looks like you are very disciplined with...<p>Hi #11- at what age would you wish to retire?</p>
<p>Nice interview, it looks like you are very disciplined with your spending habits relative to income and will have very secure financial future.</p>