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Bridger Pennington explains his rule for car spending: total car value can't exceed 5% of his investment portfolio. A $100,000 car would require $2 million in investments. He says the constraint kills impulse buys and pushes him to invest more.

Bridger Pennington explains his rule for car spending: total car value can't exceed 5% of his investment portfolio. A $100,000 car would require $2 million in investments. He says the constraint kills impulse buys and pushes him to invest more.
So I would spend all my money on cars if I just lived for nothing. Like, I love cars and I had to finally a couple years ago, I had set rules for myself if I was gonna buy a car because it's easy once you have that money in the bank just sitting there. It's like, oh, I'm gonna go buy a car. And so I literally have set a ton of rules and my rule currently is all my cars together has to be only 5% of my entire investment portfolio. So for example, if I had a million dollars of investments out, that means I could buy a Does that make sense? So for me to buy a $100,000 car, I have to have $2 million of investments, that kind of makes sense. I finally had to set a rule and just say, okay, that's the number. So if I want to buy this car, I've got to make a ton of investments and then and only then I will buy that kind of a vehicle, which kind of sucks but it makes me work a lot harder so there you go.

The AI stack is trying to consolidate to a winner take all, do you think it'll stay fractionalized

Before you launch a fund, triple check your fund attorney actually filed everything.

Different view on housing affordability and the fed raising rates not lowering rates