431
Peloton’s former billionaire CEO says he’s lost all his money and had to sell his possessions
(finance.yahoo.com)
this post was submitted on 28 Aug 2024
431 points (92.7% liked)
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When "keeping it real" goes wrong.
His family's darkest hour is my family's wildest, most impossible dream.
Actually I don't know many people who actually dream of that kind of wealth - just enough stability and security to be able to live modestly from a life of labour and in to retirement.
I firmly believe I could live comfortably for the rest of my life if I had $2-3 million.
I once told my boss that I could quit if I won a million dollars and lived off of 5% interest. He said no you couldn't, think about car payments, house, all expenses, $50k a year wouldn't cover that. Then I reminded him that $50k was more than I was currently making, by kind of a lot. He shut up very quickly lol.
I’m pretty sure house and car are two of the three most expensive expenses a person has. Pay them off immediately and you won’t need much else to survive.
For real. My dream is just to know I'm not a car accident, broken bone, random sickness, or mild rolled ankle from complete and utter financial ruin. I can't even imagine that kind of security.