Get my 5-day email funnel that generated $400,000 from a single launch

Want an email sales funnel that's already proven to work? Get the entire word-for-word email funnel that generated $400,000 from a single launch and apply it to your own business.

Yes! Send me the funnel now
Start Here: “The Ultimate Guide to Personal Finance”

Larry Ellison gets a beatdown

1 Comment- Get free updates of new posts here

0 0

“Even billionaires need to budget.”

That quote is one of my favorites from yesterday’s SF Chronicle article on Larry Ellison’s spending. His accountant actually wrote him an email in 2002 telling him he needed to cut his spending and start to budget. Him. A billionaire. I love it.

Other great quotes:

If you were to look in the textbook for how a financial plan should work, this would be in chapter one under, ‘Never do this,’ said Cynthia Harrington.

[…]

At the bottom of a document that detailed Ellison’s 2000 debt load, Simon had scrawled a rough accounting of Ellison’s lavish spending, according to deposition testimony:

1) Life Style — annual $20m
2) Interest Accrual — annual $75m
3) Villa in Japan — $25m
4) New Yacht — $194m — over 3 yrs
5) America’s Cup — $80m — over 3 yrs
6) UAD — 12m over 3 yrs.

Read the Chronicle article.

See the actual email from Ellison’s accountant.

Start your own budget.

0 0

Related Articles

Untitled design (6)

How to pay off student loans without thinking about it

Student loans are a big kick in the face that the real world has arrived. The average graduate has $28,...

Read More
stretching

The 4 keys to finding ambition

We’re told we should just be happy with what we have… but there’s a difference between being happy ...

Read More

1 Comments

0 0
 

Leave a Reply

1 Comment on "Larry Ellison gets a beatdown"

Notify of
avatar

jonathan radande
10 years 5 months ago

Only reiterates the importance of budgeting. It’s not only for the working class. It’s for everyone. Rich or not!

wpDiscuz