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Reply to "Upper and UMC Ppl: Do you Actually Know Anyone Living Beyond their Means?"
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[quote=Anonymous]I had one friend, in the dot com era, was worth 100 mil on paper in stock options (unvested). He was able to borrow against the options, and bought a multimillion dollar house in Great Falls, and a 200K car. Before his options vested, the market collapsed and his company closed. He ended up bankrupt; he was able to find another job, and the base salary was actually higher, but is 1999 paper earnings (not taxable earning) was about 92 mil, whereas his 2000 paper earning was -99.9 mil[/quote]
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