Quentin Tarantino’s right-hand right arm on the best financial advice the director has given him – that matches Warren Buffett and Bill Gates

• Quentin Tarantino once warned fellow Hollywood manager Eli Ross. “If you succeed, don’t buy a house right away.” Suburban mansions may be the ultimate status symbol you created, Reservoir dog and pulp fiction Filmmakers think it will make you an employee of your mortgage. hostel, It hit $80 million at the box office. 

Whether it’s a vast suburban property with a completed pool, or a penthouse apartment overlooking Manhattan, the luxury property is the ultimate symbol of success. But the large mortgage that comes with it leaves you chasing the pay you chased, Hollywood icon Quentin Tarantino warns.

And that’s the best financial advice he gave Eli Ross, the former American director and collaborator.

“Quentin told me, ‘Don’t buy a house until you can fully afford it,'” recalls the Cabin Fever and the hostel filmmaker.luckadded that many others in the industry are using their first million dollars. Salary for getting a mortgage with a down payment of $200,000.

“But you will basically be an employee of your home. So, can all the decisions you make, be able to pay my mortgage? Can I pay my mortgage? This is not the best for my career,” explains Ross. “Everyone is trapped in living a certain lifestyle.”

I just bought a Tarantino $13.8 million real estate In Israel. However, Ross says he told him he had been waiting for several years before the director splattered over the mansion.

“He’s going, I didn’t buy a house. Jackie Brown. Everyone else thought I was going to buy it pulp fiction. I waited because I didn’t want to be an employee of my house. And there was no need to worry about that. ”

“If you succeed, don’t buy a house right away. Hold on with the money.”

On Tarantino’s advice, Ross bought his first property at 35

Ross took Tarantino’s words of wisdom very seriously and did not become a homeowner until he was 35 years old. Hostel: Part II

“Hostel is a $3.8 million movie. It’s making $80 million at the box office. It was a massive DVD sale.

“So I continued renting and got back to work,” Ross said. luckadded that he finally rode the real estate ladder in the summer of 2007.

“I made three successful films. I knew that checks would come in so I don’t have to do the work,” he recalls. “I never supervised again for five years,” until I offered to work with Tarantino. Inglourious Bastterds– Where the budget was limited, Ross turned his hand towards acting in the role of sergeant. Donnie Donowitz.

“I’ve made millions of films and then I can go to Germany and pay $65,000, but I’ve had the most amazing experience of my life and created this iconic character,” adds Ross.

“And of course acting under Tarantino made me a completely different director and worked with great actors, Cate Blanchett, Anna Delmas and Jamie Lee Curtis, but that’s because I was careful.

“If I had been stuck as an employee of my own home, I would have had to do the supervision job I didn’t want to do, and I would have missed out on a once-in-a-lifetime opportunity.”

Despite his continued success in his career, Ross maintained the home until a year ago. We looked for a house with few stairs in the same neighborhood and price range, and we managed to live with newborns.

Warren Buffett still lives in the same house he bought for $31,500.

Billionaire investor Warren Buffett is worth more than most people can guess. But like Tarantino and Ross, CEOs resigned Berkshire Hathawayhis humble abode has not bulged out like an inflated abode.

The 94-year-old still lives in an Omaha home that he bought with his late wife Susan in 1958 for $31,500 (about $350,000 today). Approximately $1.3 millionone of him The greatest investment ever.

Despite being worth around $168 billion, Buffett proudly calls himself “cheap” for never strengthening his fortune, but he says he “will exchange nothing” because of his memories of raising his three children on the fortune.

He’s not the only billionaire who’s far below his means. After his wealth rose $100 Billion Milestone In 2023, Mexican telecom monarch Carlos Slim maintains a simple lifestyle that includes yachts and yachts that he lives in. Same house Over 40 years. And there’s Bill Gates, who he said he would do that. Don’t leave Of a $130 million mansion purchased in 1988 for just $2 million.

This story was originally introduced Fortune.com