Category Archives: Finance

Why I left Los Angeles …

LA Weekly recently published an article saying one needs to make $109,000 dollars per year to be able to reasonably afford a two-bedroom apartment, which now costs, on average $2,556 per month, not including utilities.  To earn $109,000 per year, one would need to be in the top 10% of all earners in the United States. 

Back in 1995 to about when I left in 2003, a typical two-bedroom apartment was about $1,250 and that was on the low end .  In 2000, my old bungalow style two bedroom apartment off of Melrose Avenue was about $1,000 per month because I got grandfathered into the low rate.

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State Lotteries were Rigged

I sometimes happen upon the most interesting articles on random news feeds, which are not widely reported elsewhere.

Here’s one from Denver Post News – a computer programmer somehow rigged the lottery in five states (Colorado, Iowa, Oklahoma, Wisconsin, Kansas) to win $2.2m dollars.  The articles doesn’t provide any more details, however.

Beyond the illicit wins and conviction, the bigger question is what about all those people who bought lottery tickets in these states? Are the states going to refund lottery purchases?  Probably not.

I’ll wager there are more instances that remain undiscovered.

Timothy Ferris – Tools of Titans

Monte and Timothy Ferris.jpgTimothy Ferris has been all over the news recently with the publication of his latest book, Tools of Titans. And he’s got a new TV show, Fear{Less}, on AT&T/Direct TV – the recent episode with Kyle Maynard was inspirational.

I’ve been a fan of his since way back in 2007, when he published his first book,  “The 4-Hour Workweek,” which has gone to international acclaim.  Many mocked the book idea without understanding it, or even reading the book, and many of his e-commerce tech ideas have now have become commonplace.  

I got to meet him back in 2015 at SXSW and it’s great to see him achieve such success – his podcasts are also great to listen to.  He’s also an avid VC angel investor, with early placements in Uber, Facebook, Twitter, Shopify, and so many others.