The Surprising Ways The Wealthy Spend Their Money

Below is a great guest blog post from one of my trading challenge student Julie who has her own blog now that you should definitely check out HERE.

Just FYI, when you gulp at my Instagram pictures showing all the fun I’m having, understand it’s a small percentage of my income, that’s the cool thing about being a multi-millionaire, you can pretty much do whatever you want.

Like my big Sunday decision about whether or not to buy this $120,000 Richard Mille watch…whatcha think should I do it?

That’s why my biggest goal these days is to create a millionaire from scratch as I wrote here…so you too can have this kind of fun…there are several trading challenge students who are well on their way, I’ll do a post later this week, but the winner will be the one who wants it the most…and they all started by watching my 7 free penny stock video lessons HERE

It’s not hard for me to make $10,000+ in one morning like I did int he video below from my $5,000/night penthouse suite in LA, the hardest thing for me these days is finding dedicated students who are willing to study their asses off to actually become a millionaire…that’s why I make videos like the one from the Colosseum and have blog posts about rich people….TO INSPIRE YOU TO WANT MORE FOR YOURSELF!!!!

I am the most dedicated teacher you will ever meet, all you dedicated students out there, please show yourselves!

You’ll Never Believe How These Billionaires Are Spending Their Money
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If you follow Tim on Facebook or Instagram HERE, you know the crazy and fun ways he likes to spend his money. He uses this as a way to inspire others to work hard and play hard just like he does. You’ll find pictures of him going on incredible vacations to places like this:

Or driving sexy cars and buying designer clothes like this:
lambo-shoes

All of this made me wonder how some of the wealthiest people spend their money.

While doing the research for this post, I was shocked by some of the things these billionaires spend their money on! One billionaire is quoted saying, “There are all these people who say that death is natural, it’s just part of life, and I think that nothing can be further from the truth,” another that thinks spending upwards of $40 million on a clock is no big deal, and another that has taken fine dining to another level. Can you guess the billionaires matched with these investments?
 

Bill Gates:

Image Credit: Sean Gallup/Getty Images

Image Credit: Sean Gallup/Getty Images


Age: 57
#1 on Forbes 400
Net Worth: 66 Billion
Education: Dropped out of Harvard University
Married with 3 Children

The co-founder of Microsoft was ranked as the wealthiest individual from 1995 to 2009. So how does he like to spend his earnings? Through the Bill and Melinda Gates Foundation, he has used both his knowledge and wealth to have a large impact on a number of social issues around the world. However, a recent endeavor went farther than many would expect. His foundation sponsored a fair in which individuals could submit ideas of how to turn human waste into useful resources.
 

Paul Allen:

Image Credit: Bill Baptist/Getty Images

Image Credit: Bill Baptist/Getty Images


Age: 60
#20 on Forbes 400
Net Worth: $15 Billion
Education: Dropped out of Washington State University
Single

The lesser known co-founder of Microsoft likes to buy things like pro sports teams, collect vintage WWII planes, and build a rock and roll museum. He also spent quite the sum on a 303 foot yacht, a cool $100 million to be exact.
 

Larry Ellison:

Image Credit: David Paul Morris/Bloomberg via Getty Images

Image Credit: David Paul Morris/Bloomberg via Getty Images


Age: 68
#3 on Forbes 400
Net Worth: $41 Billion
Education: Dropped Out of both the University of Chicago and the University of Illinois at Urbana
Divorced with 2 children

The founder of Oracle is known for extravagant purchases. He has spent $43 million on a 249-acre California estate. Porcupine Creek has 16 bedrooms and a 19 hole golf course. He also bought 98 percent of the Hawaiian Island of Lanai, no price was disclosed.
 

Peter Thiel:

Image Credit: Jin Lee/ Bloomberg via Getty Images

Image Credit: Jin Lee/ Bloomberg via Getty Images


Age: 45
#328 on Forbes 400
Net Worth: $1.4 Billion
Education: Doctor of Jurisprudence and Bachelor of Arts / Science from Stanford University
Single

The former CEO and co-founder of PayPal and venture capitalist that was the first outside investor in Facebook is also spending a large sum of money on medical research. The focus of the research he has funded is lengthening the human life span to 150 years or more.
 

Jeff Bezos:

Image Credit: Emile Wamsteker/Bloomberg via Getty Images

Image Credit: Emile Wamsteker/Bloomberg via Getty Images


Age: 49
#11 on Forbes 400
Net Worth: $23.2 Billion
Education: Bachelor of Arts/Science from Princeton University
Married with 4 children

The CEO of Amazon apparently has a slight obsession with time, or at least enough of one to spend a cool $42 million to
build a giant clock that will chime every year, decade, century, and millennium for the next 10,000 years.
 

Eric Schmidt:

Image Credit: Sean Gallup/Getty Images

Image Credit: Sean Gallup/Getty Images


Age: 57
#45 on Forbes 400
Net Worth: $7.5 Billion
Education: Bachelor of Arts/Science from Princeton University; Doctorate and Masters of Science from University of California Berkeley.
Married with 2 children

The former CEO of Google bought a 195-foot yacht. It sleeps 19, has a pool, a gym, and is considered one of the “highest-spec yachts ever built.”
The price was estimated at $72.3 million. Want to check it out for yourself? He reportedly charters it out for around $400,000 a week.
 

Sean Parker:

Image credit: Ethan Miller/Getty Images

Image credit: Ethan Miller/Getty Images


Age: 33
#347 on Forbes 400
Net Worth: $1.3 Billion
Education: High School Diploma
Engaged

The co-founder of Napster likes to take fine dining to the next level. He has been known to spend $13,000 on extravagant dinners.

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