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SVTPerformance's Chain of Restaurants
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Two more excellent reasons to hate Treynor
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<blockquote data-quote="treynor" data-source="post: 15999038" data-attributes="member: 6214"><p>Honest answer: one of the interesting discoveries about being wealthy is that you STILL have budget constraints. Just because your budget has more zeros than it used to, doesn't mean that you can skip having a budget. There are <a href="https://www.rollingstone.com/movies/movie-features/the-trouble-with-johnny-depp-666010/" target="_blank">plenty of people who make a mammoth amount of money, who still manage to get into financial trouble</a> (or worse) because they spend more than they make. Even billionaires need to be cautious about purchases - a single large yacht will cost ~$100M in the first few years of service between operating costs and depreciation. At the lower end of the wealthy spectrum, it's shockingly easy to spend $1M. I warn every newly-minted millionaire I encounter to be cautious about treating their situation like they have infinite money. That movie ends poorly.</p><p></p><p>So yes, budget constraints are real.</p></blockquote><p></p>
[QUOTE="treynor, post: 15999038, member: 6214"] Honest answer: one of the interesting discoveries about being wealthy is that you STILL have budget constraints. Just because your budget has more zeros than it used to, doesn't mean that you can skip having a budget. There are [URL='https://www.rollingstone.com/movies/movie-features/the-trouble-with-johnny-depp-666010/']plenty of people who make a mammoth amount of money, who still manage to get into financial trouble[/URL] (or worse) because they spend more than they make. Even billionaires need to be cautious about purchases - a single large yacht will cost ~$100M in the first few years of service between operating costs and depreciation. At the lower end of the wealthy spectrum, it's shockingly easy to spend $1M. I warn every newly-minted millionaire I encounter to be cautious about treating their situation like they have infinite money. That movie ends poorly. So yes, budget constraints are real. [/QUOTE]
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