Can Our Newest Millionaire Handle the Job?
In that regard, I would advise Quezada to immediately hire a tax attorney and a licensed financial planner. This is how he should first build his "corporation." He should ignore the unsolicited opinions of everyone else, and there will be plenty. A good licensed CPA, like a great CFO, can make or break any company. This is what Quezada must realize.
For now, I would congratulate Quezada on his new "gig." It remains to be seen, however, how long his tenure under his millionaire title will last. Statistics show that previous winners get fired at an alarming rate. Infractions include gross incompetence, or this case, fiscal negligence.
That's why millionaires often need so much more than what they have. The fear of losing their wealth is often a bigger burden than not having the money at all. "More money, more problems." While it's sometimes true, Quezada will tell you it's at least better than the alternative.
Let's hope he keeps the "job."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts