After Howard Schultz, the Starbucks titan with an estimated net worth of nearly $3.5 billion, appeared on 60 Minutes and suggested that he may run for President of the United States as an Independent, the media immediately began to focus on what the effect of a serious independent candidate could do to the 2020 election, with some speculating that Schultz could pave the way for Donald Trump’s re-election in the same way that Texas mogul Ross Perot’s independent bid in 1992 allowed Bill Clinton to oust George H.W. Bush.
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But, when I saw the news, I did not immediately think about the presidential election implications, but rather, the reason why Schultz is a public figure in the first place.

When he was running the coffee house Il Giorna, the owner of Starbucks (which then had only six locations in the Seattle area) approached Schultz to buy the six stores … Read the rest of this article!

I recently got a call out of the blue from someone that I went to Washington & Lee with back in the day. We were good friends during our Freshman year, but we joined separate fraternities, and for whatever reason, we didn’t hang out a whole lot after that.

Anyway, his grandmother just passed away, and he found himself in the verge of clearing almost $32,000 in an inheritance once the estimates fees and whatnot are taken into account.

He decided he wanted to invest the money. That decision alone put him ahead of most 24 year-old men out there.

But, of course, it leads to another far more important question: Invest in what?

That’s what prompted his call to me to discuss possible opportunities. He has a job, but no specific retirement accounts. That prompted me to suggest the following: Create a five-year plan and scale that money into … Read the rest of this article!