#3: The Average Case
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This is episode #3, “The Average Case.” The basic bitch digs into Billionaire Budgeting for The Average Case. To play your own game of Billionaire Budgeting, check out billionairebudgeting.com! In the Average Case we cover -
- 0:00-4:04: Setting the table of The Average Case - how many billionaires are there in the world anyway? And what would happen if the basic bitch invested like an average investor?
- 4:04-722: What is a dividend? And who is the basic bitch supposed to ask these questions to? Thankfully, her co-worker has it covered.
- 7:22-10:05: What is the S&P500? And what is the long term average annual return of it, whatever it is? SIDEBAR on naming things and self esteem.
- 10:05-12:01: The investment strategy in the Average Case - 30M spread over 30 stocks in a new index called the Red Bottoms & Bloody Shoes 30 (RB&BS30).
- 12:01-13:00: Paying capital gains taxes in order to stay out of jail.
- 13:00-13:58: Quick pit stop at the Mad Money Mini Spending Spree Maintenance Fund - with that $50M going into the RB&BS30, how much will the basic bitch have for upkeep and maintenance and MULCH?
- 13:58-22:40: Updating the Personal Bucket, including boyfriend allowance (14:04), children (14:36), family (15:02), and friends (15:13). Additional updates include adding to the team (15:41), building in-house spa capabilities (17:42), security (18:41), and shopping (19:19), with a special emphasis on Gwyneth Paltrow (20:09) and/or goop's reco to gift gold plated vibrators (21:29).
- 22:40-24:59: Updating the Experiences Bucket, including dinner & wine (22:43), parties & events (23:00), and vacations & travel (23:25).
- 24:59-39:51: Updating the Enrichment Bucket, including research (25:08), which also includes original research & doing science w/ Benedong Cumberdick (26:39), getting matching Tweed outfits (27:14), and ghosts writing books (28:00). The bucket also includes album and celebrity production (30:30), being told "no"????? (32:25), getting into high quality top tier publications (33:39), and reputational laundering of cocaine brothers and their children (34:34). This bucket also includes art collecting (35:53) which, in the average case, is restricted to being told no again???? (37:06), and DIY shark-in-goo projects (38:11).
- 39:51-54:39 : Updating the slush fund, including political contributions (40:20), which is inclusive of investigation into what's wrong with Twitter (41:46), distributing political donations (43:37), the red tape around distributing political donations (44:45) and it's solution - A Super Pac (45:01). The slush also includes private Hilary Duff concerts (50:34), the airship project (50:47), and building a thermometer that will last for 10,000 years and give Jeff Bezos food for thought (51:06). The fund also includes perfectly reasonable charitable giving (53:05) and a question about episode #3 of WRC - what if we didn't invest like an average investor, but an actual billionaire?
Sources & Additional Reading
- How many billionaires are there in the world?
- Siri, text Assistant #2 to block my calendar past 8pm MWF.
- Ok, it's not a Kardashian baby shower, but close enough.
- Let's book it!
- Brief history on a pair of
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