Ten Money Questions for Andrew Tobias
@ 5:25 am
Andrew Tobias lives and breathes money. He’s the author of The Only Investment Guide You’ll Ever Need, the well-known manual that puts in plain words how to hold on to money and make more of it. As treasurer of the Democratic National Committee, he’s the DNC’s highest-ranking openly gay official. These days, he’s one busy guy and yet, he took precious time to talk money with us. Of course, we think that makes him The Best Little Boy in the World. Read on and learn more about this personal finance rock star.
1. You turned sixty not too long ago. How will you define retirement?
It will be synonymous with either senility or cremation, both of which I hope to avoid.
2. If you had to boil down how to build a “vast fortune” into a few simple tips, what would they be?
Start with the tongue-in-cheek quotation marks around “vast fortune,” so it’s actually within grasp, and then: (a) always live beneath your means, saving/investing as much as you can; (b) keep your transaction costs low; (c) read my book. (To save money, get it at the library.)
3. What money lessons did you learn from your parents, both directly and indirectly?
Waste not, want not. Give to those less fortunate than you. Putting kids through college is very, very expensive. Read the rest of this entry »













