Dallas Mavericks Dallas | Lucy McCauley | Mark Cuban | Texas
Your Money And Your Life
by
American Way StaffSo you don't feel as rich as you did two years ago. And you're
not retiring anytime soon. It's time to take stock of the role of
money in your life, the road to financial security, and the price
of success. Edited by
Lucy McCauley
MARK CUBAN
Owner
Dallas Mavericks
Dallas, Texas
The basic worry that comes with having lots of money is no
different from what worries everyone else. Whether you've got $100
or $100 million, you don't want to lose it. After we sold
Broadcast.com, I hedged my stock with synthetic indexes, in case
the market cratered in the six months before I could hedge my
actual
Yahoo shares. It cost me $20 million, but I protected what I
had. Todd Wagner and I had a credo: "Pigs get fat; hogs get
slaughtered."
My
bank account never defined what was important in my life, and
that's true for today. I still like eating roast-beef sandwiches,
spending time with my wife, and going to the movies. I don't think
about money when I get on a scale; I wonder why I can't lose
weight.
Still, there's no denying that money has given me freedom. That's
the best part about being rich. Money also gives me the comfort of
knowing that my parents can go on trips wherever and whenever they
want and that my brothers and their families will never, ever go
wanting.
Some people claim that having money creates headaches. Not really.
I had headaches when I didn't have money to pay the rent.
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