Peter Answers

Oct62018

How do people move on to make tons of money, even multimillions or billions as an investment banker within an investment banking firm or as an entrepreneur with their own business making closer to billions?

Peter AnswersBy P.T.October 6, 2018Leave a comment

How do investment bankers make billions? Years ago I was briefly a flunky/assistant to the big cheese at Goldman Sachs. As he was the senior partner of this investment banker, I asked him just about the same question. He answered me with an example. Suppose Ford Motor Company wants to build a huge new factory.…

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Oct52018

How can I become financially independent at a young age?

Peter AnswersBy P.T.October 5, 2018Leave a comment

It depends on your age now. If you are 26 1/2 it is going to be hard to be financially independent in 6 months —- Depending on where you expect to live. It would take from US $200,000 (India) to US$20 Million (Monaco) to be financially independent. Financially independent is usually defined as having sufficient…

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Sep262018

How to get Swiss or Italian Residence/Citizenship for Free

Peter AnswersBy P.T.September 26, 2018Leave a comment

If you live in Campione (as a legal resident) you are the equivalent of a dual citizen of Italy and Switzerland. I live in Campione. It is fairly easy to get a residence permit here at no cost. All you need to do is rent or own a place here and stay here physically at…

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Sep232018

How can you tell if someone is flaunting their wealth or actually wealthy?

Peter AnswersBy P.T.September 23, 2018Leave a comment

How can you tell if someone is a phony putting on airs, or actually wealthy? The expression used in Texas is “All Hat & no Cattle.” Once I (Peter Taradash) had a chap meet me at a restaurant to discuss the sale of one of my properties requiring a multi-million dollar down payment. He arrives…

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