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re: What to do when you are officially a multi-millionaire?
Posted on 7/17/24 at 3:32 pm to jafari rastaman
Posted on 7/17/24 at 3:32 pm to jafari rastaman
quote:keep working , $2 mil ain’t shite
What to do when you are officially a multi-millionaire?
1
Posted on 7/17/24 at 3:36 pm to jafari rastaman
Get drunk and do B. Then crawl back the next day and see if you can do C.
Posted on 7/17/24 at 3:39 pm to jafari rastaman
I’m doing 3 things:
Buying a big arse ranch in Texas stocked with cattle, horses and wildlife. Fully staffed operation.
Buying a private jet
Owning a suite at tiger stadium, flying my PJ to and from BR 7 Saturdays per year.
Buying a big arse ranch in Texas stocked with cattle, horses and wildlife. Fully staffed operation.
Buying a private jet
Owning a suite at tiger stadium, flying my PJ to and from BR 7 Saturdays per year.
This post was edited on 7/17/24 at 3:41 pm
Posted on 7/17/24 at 4:06 pm to cgrand
quote:
im 58
will retire next april with about 3MM
I have no idea whether that’s enough but we can always curtail our elective spending
no debt and only household and insurance bills
Can’t take it with you and can’t buy more time
Yeah, dad had a plan and he wanted to get the most out of SS for him and mom. Wanted enough to live very comfortably for 20 years and have enough to pass on to the grand kids.
Posted on 7/17/24 at 4:13 pm to jafari rastaman
I know an 18 year old that became a millionaire on Sunday night. Life is not fair. 
Posted on 7/18/24 at 8:07 am to jafari rastaman
quote:
wife spends every paychec
quote:Why are you allowing this? I’m a woman and would never waste my husband’s money.
my wife will still be burning cash, and will likely burn it all before I reach retirement age.
Posted on 7/18/24 at 8:10 am to jafari rastaman
Wife sounds like a piece of work
Posted on 7/18/24 at 8:16 am to evil cockroach
quote:
keep working , $2 mil ain’t shite
I could definitely retire on that at 62 or so, but mid 40s would be too young.
You'd have to risk the principle to get much more than 4-5% on it, and we'd be looking at a pretty big lifestyle change to live on 80-100k pre tax hh income. Health insurance alone would eat us alive.
I'd keep working and see if I could turn it into 4m.
This post was edited on 7/18/24 at 8:21 am
Posted on 7/18/24 at 8:25 am to jafari rastaman
(no message)
This post was edited on 5/4/25 at 6:54 pm
Posted on 7/18/24 at 8:45 am to jafari rastaman
Work is a blessing. If you hate the job you're in, get another one that you can tolerate, even if it pays less. But don't think the pursuit of recreational pleasure will satisfy you. It won't. The joy of those hobbies will fade, and loneliness will be an issue. Additionally, you'll likely burn through the $2mill far quicker than you anticipate. When you do, you'll be out of the workforce for such a length of time that the same opportunities won't be available to you like they are today.
Additionally, by burning through your wealth, you eliminate the opportunity to impact your children and generations of your descendants. I'm in the same position you're in now. What currently motivates me, is the good that I can do with my wealth... particularly the good I can do for my children. I'm currently trying to ensure that I have enough to help my son (14 yo) or future son-in-law (don't even know who that'll be) to start his own business one day. My wife and I have been able to be really generous to our church body, to some local charitable works that are really meaningful to us, and to quite a few friends and church-folks that just needed a little help.
Men were made for responsibility and meaning. Hedonisitic pleasure is an inadequate replacement.
Work was not a curse of sin, it was blessing given to Adam so he would properly take his place in the world.
Additionally, by burning through your wealth, you eliminate the opportunity to impact your children and generations of your descendants. I'm in the same position you're in now. What currently motivates me, is the good that I can do with my wealth... particularly the good I can do for my children. I'm currently trying to ensure that I have enough to help my son (14 yo) or future son-in-law (don't even know who that'll be) to start his own business one day. My wife and I have been able to be really generous to our church body, to some local charitable works that are really meaningful to us, and to quite a few friends and church-folks that just needed a little help.
Men were made for responsibility and meaning. Hedonisitic pleasure is an inadequate replacement.
Work was not a curse of sin, it was blessing given to Adam so he would properly take his place in the world.
This post was edited on 7/18/24 at 9:20 am
Posted on 7/18/24 at 8:46 am to jafari rastaman
quote:
What to do when you are officially a multi-millionaire?
Buy Crypto and wish you hadn't. Don't ask me how I know.
Posted on 7/18/24 at 8:51 am to jafari rastaman
quote:
What to do when you are officially a multi-millionaire?
Posted on 7/18/24 at 9:39 am to jafari rastaman
Posted on 7/18/24 at 1:41 pm to jafari rastaman
take some time off to figure it out
Posted on 7/18/24 at 1:47 pm to GG_OZ_WM
quote:
But don't think the pursuit of recreational pleasure will satisfy you. It won't. The joy of those hobbies will fade, and loneliness will be an issue.
Posted on 7/18/24 at 1:55 pm to GG_OZ_WM
quote:
Men were made for responsibility and meaning. Hedonisitic pleasure is an inadequate replacement.
bull
shite
I put in my time brah
Bring on the earthly pleasuring
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