Memorable money mistake: "In 1998 I bought a lot of stock in a telecom company that opened at 15, immediately went to six and then over the next two years went from six to 163. It had a three-for-one split and got back up to over 100 on the split.
"And then in 2001, when everything died, I just didn't get enough of my money out. It was a great company, but I learned a lot about the stock market from that."
What I tell my kids: "I tell them that the good times don't last forever, so be conservative with your money. Always try to live off half of what you make. The other half goes to taxes and investments. If you can do that, you'll succeed at money."