Reply to Net worth over $20 million

Forum Index » Money and Finances

Reply to "Net worth over $20 million"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are retired and our net worth is well over $20 million, closer to $100 million than $20. We just recently finished our taxes and our dividends alone were over $900k and capital gains $1.4 million. We live very comfortably but certainly not an ultra high net worth lifestyle. No big boat, PJ or fancy cars. We are simply not wired to live that way. Much of our net worth is assigned to trusts for our children and our grandchildren and charitable trusts. The family trusts are not set up to let someone be a trust fund baby. I'm sure a lot of people would say we are crazy not to spend more (fly private!) but what we do works well for us. We also have the luxury of knowing that if we did need to fly private it would not be a problem. [/quote]

Sure.  [/quote]

There are plenty of us just like that.  We are approx $40M already, but have the strong potential for another $30-80M in the next 3-5 years (95%+ chance).  Our numbers are similar, but a bit less in cap gains, as we already have 2 homes worth $6M total, so that is included in our $40M.  We have nice cars, but "still reasonable" (think BMW under $80-100K, not $250K sports cars).  Given the area we live in, even our homes are not what makes us seem UHNW (VHCOLA).   Most is being gifted currently to our kids (and once they have them, spouses and grandkids) to spend down the estate and benefit them the most now.  They also have trusts, but are not "trust fund babies".  They have to work/contribute to society to access it.  It's there to supplement their lives, not "create their life".  
Have yet to fly private, see no need.  But moved to flying business/first 98% of the time as why not be comfortable when traveling (and yes if it's a shorter flight and prices are "too much" we fly comfort +/economy plus---we don't pay $800+ for an upgrade to first domestically for a 2-3 hour flight, simply not worth it.  Have never flown private, but hope to just once in our lifetime. [/quote]

B u l l s h i t.

That poster said they have a $100 million net worth.  There are fewer than 11,000 household with that amount in the entire country -- .003 percent of the households in this country.  If they really have that much money and are spending their time boasting about it on -- hell, if they're even ON -- this silly little website they are the definition of pathetic.

Saying it anonymously doesn't make it true.  Either for them, or for you.[/quote]

Uh, I don't have $100m. "Only" $20m in my 30s and I check this forum every few days. Life is kind of boring when the money is easy. Sorry things are harder for you.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics