Not all wealthy people invest this way Warren Buffett being a famous example of a wealthy and very conservative investor , but many do. There is no point in minimizing the fact that it is hard to build that first million dollars of wealth. But just because something is difficult is no reason not to try. Try to save as much money as possible, invest that money with a prudent balance between risk and opportunity, and be on a never-ending hunt for ways to work better, smarter, and harder.
Your Money. Personal Finance. Financial Advice. Popular Courses. Erickson pleaded not guilty to all counts last month in the fraud case. Meanwhile, he is also reported to be a target in the Butina case, although he has yet to face any charges there. Recently his imprisoned paramour has begun cooperating with officials, and their visits have become more sparse, according to someone familiar with their relationship. So even more trouble could be on the way.
The woman he fell for was raised in the rugged mountain region of southern Siberia known as Altai, where just about everyone owned a rifle and her fond childhood memories included learning to shoot with her father. There, she seemed to have found her calling as a gun rights advocate, helping to create The Right To Bear Arms in , with early recruiting efforts centered on women and self-defense. Erickson had also grown up in inhospitable climes, as a native of Vermillion, South Dakota. He had been active in politics since his teens, and was already getting into trouble for it as an underclassman at the University of South Dakota.
He was stripped of his title of vice-president of the student association for disclosing confidential student records as part of a campaign to defeat the then Democratic Senate majority leader, Tom Daschle, according to a profile in the Sioux Falls Argus Leader. Even then he had mastered the art of failing up: after the Daschle debacle, he successfully transferred to Yale, going on to graduate from there and with a law school degree from the University of Virginia in But those early years in South Dakota were the first sign of the political operator he would become.
And perhaps, decades later, can also help explain what made him appealing to Butina: here was a man who, given the right incentives, would do just about anything. The gun group founded by a young Butina enjoyed financial support from at least one Russian billionaire, Konstantin Nikolaev, with ties to a Russian gun company, and from the Russian senator Alexander Torshin, a Putin ally who later became a top Moscow banker and her handler in American covert efforts, according to court documents.
Torshin and Butina were both lifetime NRA members who for several years attended NRA conventions, as well as hosting events for wealthy, gun-loving NRA honchos willing to venture abroad. He had come on the trip somewhat by chance, accompanying the former NRA president David Keene, a longtime friend and political collaborator — almost 20 years earlier, they had worked together lobbying on behalf of Mobutu Sese Seko, the leader of what was then Zaire.
Erickson explained in a interview that Keene had been hobbled by a bad knee and welcomed extra help abroad. Fortunately for Keene, he was surrounded by many friends.
The Moscow confab drew about people including farmers and former soldiers, Erickson recalled, with speakers including Keene and Torshin, then a powerful Russian senator and Putin ally who helped launch the gun rights group and had first met Keene at an NRA meeting in Pittsburgh in He had faith in Butina, and decided to take her under his wing after the Moscow meeting. Butina has owned her romantic involvement with Erickson, but the nature of their romantic connection remains a topic of dispute. Jan Springer. It Ain't Me, Babe.
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