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re: How wealthy you need to be to do certain things
Posted on 3/3/25 at 1:29 pm to southernelite
Posted on 3/3/25 at 1:29 pm to southernelite
TLDR
0
Posted on 3/3/25 at 1:34 pm to southernelite
I think your post is confusing/mixing wealth and salary too much
Posted on 3/3/25 at 1:44 pm to Mingo Was His NameO
That's true. I went off of historical averages.
Posted on 3/3/25 at 1:45 pm to Mingo Was His NameO
quote:
You spent a lot of time on a thread that is ultimately boring and pointless. Not good!
Posted on 3/3/25 at 1:52 pm to southernelite
I need less than 30k to live better than 90% of the people on planet earth. Stop living where it's expensive and stop caring what others think about you.
Posted on 3/3/25 at 1:53 pm to southernelite
quote:
How wealthy you need to be to do certain things
Well, wealthy enough to be able to pay for said "certain things".
Posted on 3/3/25 at 1:56 pm to GEAUXT
quote:
I think your post is confusing/mixing wealth and salary too much
Yeah, that’s why I noted nuance. It depends heavily on liquidity events, if you’re still involved in the genesis of the wealth in the first place or not, and a lot of other factors. This is a general guide of what you can do at these income levels. Once you eclipse $100mm, then salary is irrelevant. Much more relevant before that.
Posted on 3/3/25 at 1:59 pm to mahdragonz
quote:
I would think most of the people on this board don't know what a family office is, why it would exist, or the general risks associated with it.
Tried to keep this simple and an OT post, if we want to debate the family office, that may be more of a MT post
This post was edited on 3/3/25 at 2:03 pm
Posted on 3/3/25 at 5:30 pm to southernelite
quote:
$1,000,000 - $7,500,000 - The differences as we go up in this category are subtle, but they exist. We’re getting into more exclusive neighborhoods, private schools, luxury cars, luxury vacations, entertainment, designer clothes, first class flights, nice boat and maybe even a small used single prop plane (Cessna 4-seater or something similar). We’re joining country clubs, exclusive social clubs, and are entering the socialite scene.
We talking net worth or annual income?
My household net worth is between 1.5-2 mil and we can’t afford all that shite
Posted on 3/3/25 at 5:34 pm to southernelite
quote:
You need over $7.5mm to have $1mm plus in a primary residence and $1mm plus in a vacation home, yes.
But you could be in the 1-2 million range and have a 300k primary and 300k condo somewhere
Posted on 3/3/25 at 5:38 pm to southernelite
Butt stuff is classless and doesn't care if poor or rich. It is available to all... if you play your cards right. Or if in prison, play them wrong.
Posted on 3/3/25 at 5:40 pm to southernelite
People put to much importance than money.. have some is great but I’d rather have piece of mind and happiness.
Posted on 3/3/25 at 5:41 pm to southernelite
Whatever my house is at $150k - $250k, I would not upgrade if I went to $250k - $500k. I am not going to increase my expenses just because I can.
Posted on 3/3/25 at 5:43 pm to dukke v
quote:
People put to much importance than money.. have some is great but I’d rather have piece of mind and happiness.
How many people in this country are putting 5-20 bucks in gas at a time in their vehicles vs filling them up without concern for the cost?
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