Reply to "$5 Million is a Nightmare... the Poorest Rich Person in America."

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Reply to ""$5 Million is a Nightmare... the Poorest Rich Person in America.""

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No one at $5M-10M stays there. In ten years they will have 2x the amount. It’s plenty to enjoy life, travel first class if you want, eat well, enjoy experiences, etc. $30M just gets the super nice second home and some chartered private jets but it isn’t a remarkable difference in lifestyle, especially if focused on preserving the wealth for future generations as opposed to spending it. You won’t Own a Jet for example…[/quote]

+1. Once you get to $10 million, the lifestyle doesn’t appreciably change until you get to “own your own jet” rich, which is much higher than $30 million. I mean, at $30 million, you may own the $5 million house in Telluride, but someone with $10 million can rent that house as much as they want. [/quote]

I think the whole point of this thread though is that many people want neither their own jet nor a $5m house in Telluride, because they have no interest in maintaining either of those things on a full time basis. But on $5-10m, they could rent an amazing house in Telluride when they visit every few years, and that is more than enough for them.[/quote]

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