Hi there, Mrs. 1500 again.
Last week I asked you what you spend money on. What do you pay for willingly, what do you not hesitate to drop some serious cash down for? I got some interesting replies.
Brian was first up, with coin collecting. Having just recently been to the Denver Mint, taken the tour and heard stories about these uber-rare coins worth millions, my interest was piqued. I don’t know anything about coin collecting, but I am going to look into it very soon.
Exercise equipment seems fairly popular, as I pointed out Mr. 1500’s bike purchase and had several of you agree with me. Also, it seems that if you want to participate in these sports, you have to spend serious money to be outfitted correctly. Sigh…
But the number one thing you spend money on is travel. Some of you didn’t elaborate, but I am going to assume that since you read this blog, you aren’t spending outrageous sums on travel, and staying at The Ritz or renting Lamborghini’s when you are away from home.
I like to travel. When we do, we stay at a Choice Hotels location. They always provide a clean room, comfy bed and complimentary breakfast the next morning – usually with a waffle maker. I dream about the waffles at the hotels. We bring strawberries and chocolate chips and have even tastier waffles than the rest of our fellow travelers. The kids really love it. (Who am I kidding, I do it for me, too!)
We went to the Berkshire Hathaway Annual Meeting in Omaha, NE this past weekend (much, much more on that later in the week, after Mr. 1500 has had time to digest everything Warren and Charlie said). During the Q&A session, someone in the audience stood up and asked “What 10 books do you consider to have influenced you the most?” I thought this was a funny question, because while I would really like to know who influences Warren (we are on a first name basis, now.) I am sure I can find this information elsewhere, and I think 10 books is asking a lot. Maybe a top 3 or even 5 would have been a better number to ask for. But Warren named a few people I have never heard of (because I am such an expert, right?) which got me to thinking, I wonder who other people have read that I have not read, and which ones are really good?
All of this gets me to this week’s question. Whose money-management style do you try to emulate? Who has given you the best advice? Whose book would you recommend without hesitation? (I am looking for famous people for you to recommend to us, although I would love to hear about your aunt or grandma’s investment philosophy, too.)
So, who do you love? (And do you now have that song stuck in your head, too?)
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