How To Spend Money.

[LabelKing]

http://www.time.com/time/magazine/ar...4721-1,00.html

Grandfather Berry had been "a grand old swell" who wore lavender trousers strapped under patent-leather boots. Father Wall was less dashing, but he left his son some good advice: "Never mind who or how charming your lady friend may be, always leave the money on the mantelpiece." When he was 18, young Berry's father and grandfather each left him more than $1,000,000. He soon ran through it, lived the rest of his life on somewhat less than $1,000,000 which his mother providently tied up in trust for him. Sometimes he eked out this pittance by brokering, "pushing champagne," playing the races.

Left. By Evander Berry Wall, last of the Gay Nineties dandies, who died expatriate in Monte Carlo last May after spending millions, hobnobbing with royalty, playing poker with World War I generals, bummeling from casino to racecourse, writing his lavendered memoirs (Neither Pest nor Puritan): an estate "not exceeding $10,000."

 

[Johnathan]

Originally Posted by LabelKing

http://www.time.com/time/magazine/ar...4721-1,00.html

Grandfather Berry had been "a grand old swell" who wore lavender trousers strapped under patent-leather boots. Father Wall was less dashing, but he left his son some good advice: "Never mind who or how charming your lady friend may be, always leave the money on the mantelpiece." When he was 18, young Berry's father and grandfather each left him more than $1,000,000. He soon ran through it, lived the rest of his life on somewhat less than $1,000,000 which his mother providently tied up in trust for him. Sometimes he eked out this pittance by brokering, "pushing champagne," playing the races.

Left. By Evander Berry Wall, last of the Gay Nineties dandies, who died expatriate in Monte Carlo last May after spending millions, hobnobbing with royalty, playing poker with World War I generals, bummeling from casino to racecourse, writing his lavendered memoirs (Neither Pest nor Puritan): an estate "not exceeding $10,000."
Well, you certainly can't take it with you.

 

[Kaizen]

I believe Errol Flynn said something along the lines of, "Anyone who leaves an estate over ten thousand dollars didn't live their life to the fullest."

 

[MetroStyles]

Sounds like an interesting, if somewhat self-aggrandizing, read.

 

[yerfdog]

Still, $10,000 in 1940 is like $150,000 today.

 

[Bhowie]

Changing your neck tie at least 6 times a day, good grief.

 

[Joffrey]

Sounds like a fun read. Added to my Amazon shopping list

 

[Eagle]

Assuming the financial advice incorporated in the OP is valid, I'd better get a copy of that book and start spending a bit more. Although the Stock Market meltdown of last month, certainly reduced any concerns I might have in this regard.