The ultra rich use Twitter.
Will you then be content? Finally satisfied? Will life be more meaningful? Finally self-actualized?
Having already amassed $10m, another $20m shouldn’t be an impossible task, right?
My point is... it’s probably less challenging to just keep doing what you are doing... which will probably make more, even $20m, money... than doing the internal work to reconcile our seeking and desires, and address that hunger within.
Maybe we are each of us on this earth for our own, unique individual reason. The money, job, family... all just a part of the process, not the ultimate meaning. Then again, maybe we’re each just random gene combinations and the goal is a giant pot of money.
I don't spend too much time pondering life. Truth is: I will not work harder to reach UHNWI status. If it happens, it happens. I will just let money itself do the work; it does a better job compounding than me.
I don't spend too much time pondering life.
I would do it long before I got $400M, $20M, would be plenty. But I would have the shop and tools before that.That highlighted part almost sounds like Jay Leno. I had to look him up. One site says he is worth 400mil. That would be enough for me.
I'm guessing that most of us here adopted that perspective. I'm not even a particularly good investor - just a good saver. Given long enough, the money will take care of itself - and us! YMMV
Hmmm, I find pondering a useful endeavor. And since we are living a life, and aren’t living a money, then maybe the former is worth examining.
Speaking of private jets, I had a trip in the corp's jet once. The workplace was a smaller division and had only a few thousand employees, hence its jet was also small. It was a Citation, and I do not remember which model, except that it had about 8 or 10 passenger seats, with 2 pilots, and the interior was a bit cramped.
Just now look on the Web, and find that the Citation CJ4 that's about the size of the plane I rode in goes for $9M new. Truly rich people prefer a Gulfstream which is larger and costs about $40M new.
On the Web, I see that an old 1974 Citation 500 jet can be had for as little as $195K. Sounds unbelievably cheap, but what is the operating cost?
Knowing nothing about it, I looked up this site and got eyes wide open: https://prijet.com/operating_costs/Cessna Citation 500.
But, but, but, then you would still have to go through the same TSA long lines and rub shoulders with the uncouth hanging out at the terminal jostling each other waiting to board the plane.
If you want to avoid the above ordeals, you have to pay more. That's what money buys you.
At some time in my waning years, I may have "staff" on a 24/7/365 basis, if I last that long. I can guarantee it won't be due to UHNW. If I am happy where I am financially, why want for more? Isn't that the basic reason for having this group?
During my working life, I often said that once you reach a certain level, more money doesn't make you proportionally happier. But lack of money certainly can make life difficult, if not impossible. This has already been mentioned by others and attributed to others more quotable than me.
I wonder exactly how many of those UHNW people actually own those private jets vs. their business owns them and just shows up as depreciation and operating expense of the company? Ahhh.... the rich! They have so many options!
yea - many options and many headaches.
But, but, but, then you would still have to go through the same TSA long lines and rub shoulders with the uncouth hanging out at the terminal jostling each other waiting to board the plane.
If you want to avoid the above ordeals, you have to pay more. That's what money buys you.
I don't qualify but I do associate with a few. Here is what I observe:What Is an Ultra-High Net-Worth Individual (UHNWI)? Ultra-high-net-worth individuals (UHNWI) are people with investable assets of at least $30 million. They comprise the wealthiest people in the world and control a tremendous amount of global wealth.
Any Ultra High Net Worth Individual (UHNWI) here? Amazing job!
1. What do you do for fun?
2. How you get to where you are?
3. What are you doing to stay wealthy?
4. What is your splurge?
5. Do you own a jet? a yacht?
6. Do you have houses in different countries?
I am trying to visualize how UHNWI really lives? Thanks.