Today is the 44th edition of our periodic guest post series called 10 Questions and a Pizza Place. (The 1500′s are pizza fanatics.) We have a list of 17 questions we pose to fellow financial bloggers, and they are free to pick and choose 10 or answer all 17. Let us know if you would like to be featured in a future edition of 10 Questions.
Some bloggers provide good information and others are entertaining. The best are good at teaching you something while not putting you to sleep. Steve from Kapitalust does just that. He wrote a fun post on efficient market hypothesis recently (has anyone ever used “fun” and “efficient market hypothesis” in the same sentence?). I also greatly enjoyed the one he posted this week about the recent market gyrations. If that doesn’t have you on the hook, check out some of his photography.
What is the worst financial mistake you made?
Inflating my lifestyle in college with student loan money when I had no business living that kind of lifestyle. Learned the hard way, racked up student loans, and then spent 2 gruelling years paying it all off.
What would you do if you inherited $1,000,000 (after taxes) today?
Invest all of it into dividend producing stocks and then take the excess dividends that are left over after expenses and place that excess in fixed income investments like CDs.
Who inspires you?
Warren Buffett, Carl Sagan, John Bogle, and Nelson Mandela to name the top 4.
What’s your favorite tip for saving money?
Automatically set aside a percentage of your pay every paycheque. What they call “paying yourself first”.
What is your favorite pizza place (I am a pizza nut)?
There is a place in Brixton, London, UK called Franco Manca which my friend and I visited religiously when we were in grad school in London. My friend is a thoroughbred New Yorker who loves and knows his pizza. I’m willing to bet he is more of a pizza fanatic than you! Anyways, he said the pizza at this place was among the best he has ever had.
Mr 1500 note: Whoah, I need to get on over to the UK.
What are your biggest goals in life?
To have over a million dollars in capital producing assets before I am 40.
What advice would you give to a 24 year old, just out of college?
Don’t merely cold call, actually walk into a company and set up appointments to meet the people face to face who have hiring power. It might seem daunting but you’ll probably find way more success than merely writing cover letters and resumes and emailing them in. EVERYONE else is doing that. Think different. Be different. You’ll get noticed that way.
Mac or PC?
Mac ALL THE WAY. I couldn’t ever imagine going back to PC for personal use.
What is the best piece of advice you have ever received?
Always think rationally, logically, and possess patience and compassion.
What is the worst personal finance mistake you see people making?
Lifestyle inflation. I think a lot of your Thursday rants are about this and it makes me smile that we see eye to eye.
I hope you enjoy Kapitalust as much as I do. Also, find Steve on Twitter here.
Mr. 1500, you are TOO generous! Thanks so much for the feature. I will check in to answer any and all questions as the arise!
Steve recently posted…Outstanding Financial Pornography
Good luck with your goal, Steve! I have no doubt your succeed though!
debs @ debt debs recently posted…7 Financial Lessons Learned from My Parents’ Debt
Thanks Debs! It’s a fairly ambitious goal so we’ll see how quickly we get there 🙂
Steve recently posted…Outstanding Financial Pornography
Howdy Steve! Figured I should creep on over here and spy on your answers. Agreed on the detriments of lifestyle inflation. It’s absurd. Come on, people! In other news, that pizza place sounds amazing.
Mrs. Frugalwoods recently posted…Weekly Woot & Grumble: No Heat, No Fire
Not the frugalist thing to fly all the way over to London to get it, but it would be worth it 😀
Steve recently posted…Outstanding Financial Pornography
Steve, I am 100% sure you’ll get to one million dollars (insert Dr. Evil) before 40!
Also, PC master race! 😀
No More Waffles recently posted…Net Worth Update: €45,361 (+0.59%)
I went Apple and now I can never go back – they sucked me so seductively into their ecosystem that I couldn’t ever imagine leaving it 😉
Steve recently posted…Outstanding Financial Pornography
Probably why Mr. 1500 has done so well with his AAPL holdings 😛
Apple makes great stuff, although Google has really hit its stride in the past couple of years. Their services are best in class and Android is really getting good.
I fear for Apple’s future long term. It seems that open systems usually win out, whether it be computers or political systems (glaring at you DPRK!)
That job hunting comment is spot on. My husband is looking for jobs right now. Networking works.
Genevieve @PFTwins recently posted…Weekly Gossip & Sunday Links
Networking works but what also works is to stand out.
I will write a post about this, but the current day job I am at, you will LOL so hard at the cover letter I wrote. It was such a joke. It was a joke because I was so fed up with job hunting that I started to write nonsense cover letters. I asked my supervisor the other week why she even bothered to bring me in for an interview 2.5 years ago and she said my cover letter “stood out” – go figure 😛
Steve recently posted…Outstanding Financial Pornography