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How We Make Money
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Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
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Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Mountaineer, summitted the highest peaks on seven continents
Fame & Fortune Q&A:
Bankrate: How do you handle the money side of your sport?
Ed Viesturs: I do the whole deal. I’m a one-man show, pretty much; I send invoices, create contracts, deposit the check and do my own books. I have an accountant now who helps me, but through the year I handle all the accounts receivable.
Bankrate: Are you a risk-taker when it comes to investing?
Ed Viesturs: I’m very conservative. I look at my house, which I’m still paying for, as an investment. Then I have some other funds that I have with a guy that carefully and securely puts it in places that I’m comfortable with. I have my own retirement account as well. As a self-employed person, I have to think that I won’t be able to do this forever and I need to set up retirement, I need to set up accounts for my kids to go to school. That’s stuff that I have to do on my own. Health insurance, the whole deal.
Self-employed workers need to plan their personal finances carefully.