Luca Netz, a 25-year-old self-made millionaire and CEO of Web3 NFT community Pudgy Penguins, reveals that his biggest financial regret is buying a Rolls-Royce Cullinan, which he describes as "the worst car" he has ever owned. Netz, who grew up homeless, values frugality and hard work, and regrets the unnecessary purchase due to its lack of functionality. Despite his success, he remains hesitant to spend substantial money on luxuries and believes in the importance of understanding the value of a dollar.
Luca Netz, the 25-year-old CEO of Web3 NFT community Pudgy Penguins, regrets buying a Rolls-Royce Cullinan, calling it the worst car he's ever owned. Despite being worth over $100 million, Netz values frugality and regrets the unnecessary purchase, emphasizing the importance of avoiding needless expenses. Growing up homeless, he developed a strong understanding of the value of money. While he indulges in some luxuries, he tries not to keep up with others and believes that the Joneses' life is not as good as it seems.
Two self-made millionaires share their experiences with frugal habits that didn't align with their personal values. John Davenport found that buying cheap, off-brand clothing ended up costing more in the long run due to the need for frequent replacements. Brenda Christensen discovered that purchasing low-quality household appliances led to costly replacements, emphasizing the importance of investing in durable goods. Additionally, Christensen realized that DIY landscaping and pool cleaning consumed too much time and opted to outsource these tasks, recognizing the value of time efficiency and productivity.
Liang Shi, a 56-year-old self-made millionaire in China, has failed the country's notoriously intense college entry exam — for the 27th time. Despite having his own construction materials business and being a millionaire, Liang has always harbored dreams of going to college. He needs to take China's once-a-year college entrance exam, or gao kao, to achieve his dream. Liang started taking the exam in 1983 when he was 16 but gave up for about a decade from 1992 as the test was only for single people under the age of 25.
Self-made millionaire and CEO shares the most outdated life advice young people should ignore, including having a fallback plan, cutting down screen time, not sweating the small stuff, working at a big, stable company, and buying a house and settling down. Instead, he advises believing in oneself, using screens to learn new skills, harnessing anxiety for optimal performance, finding the right role regardless of company size, and using skills and passion to start a business.
