| Fame & Fortune: Comedian Adam Carolla |
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Bankrate: With all your success, do you live an indulgent lifestyle?
Adam Carolla: Yes, I do. Where do I start? I spend tons of money
all the time on things I never thought I needed. I love cars, and
I love houses. I buy houses, I fix them up, I rent them out, sometimes
I live in them. Cars and houses -- those two things.
Bankrate: How many houses do you own?
Adam Carolla: I own two houses, a condo and a warehouse. I just
sold one house, so I'm down to two, and some land up north. You
know you've arrived when you own land and you've never been there.
Bankrate: Considering your passion for houses and cars, is this
your main way to invest and prepare for your future, with lots of
houses and land and cars?
Adam Carolla: I don't think the cars are exactly a money maker.
They could prove to have some value or hold their value or something
down the road. The houses, yeah. Inadvertently. I make money off
them because I'm a journeyman carpenter. I buy these houses that
are junky and I take the same crew that's on the TV show and I use
them on the houses, and then they end up being worth more money
five years from now, and I end up making money. But it's what I
would have done anyway. So, I'd say the houses are probably a decent
way to secure the future.
Bankrate: There are so many people in show business who were never
financially astute, and they have to learn about stocks and finance
all of a sudden. It must be nice to have something you already enjoy
that serves as an investment, instead of getting into that other
stuff.
Adam Carolla: It is. I don't have to worry about Billy Joel's brother-in-law
ripping me off because my money's all in houses. If I can't crap
in it or drive it, I don't buy it.
Bankrate: How many cars do you own?
Adam Carolla: Ten. Ten or 11. I'm not Jay Leno, but I've been poor
my whole life, and now I'm not poor, so I'm not going to act like
I'm poor. I acted like I was poor from zero to 30, and now I'm done.
Bankrate: What's the most extravagant car you've got?
Adam Carolla: I got a Ferrari 360 Stradali, which is probably the
most expensive one.
Bankrate: Do you actually drive it?
Adam Carolla: I do. Not into Compton to buy a dime bag, but I do
drive it, yeah.
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