I have a funny story about this. I worked in fintech and along the way, met a lot of very wealthy people. We were in st croix on vacation and had lunch with three other couples we knew who coincidentally happened to be on the island that week. One of the guys, who I worked with over the course of my career, was very wealthy.Seriously. $30 Million is enough, no matter where you live.I have a NW of over 30mm (9mm real estate and 21mm stocks/bonds/cash) and no debt. I'm 51 years old and I would like to retire but I am not yet confident in doing it.... I'm not sure its enough.
about a week later I'm playing pickleball with a friend who ran a well-known hedge fund, has been on tv, he and his wife have a whole floor on park ave, a huge compound on the water in the Hamptons and a place in Miami. I mentioned to him that we had lunch with the guy in the st croix. he asked me what the guy was worth, I looked it up and told him $4B. My wealthy pickleball friend said "wow, now that's real money!"
Statistics: Posted by gips — Sun Aug 25, 2024 10:02 pm — Replies 170 — Views 41142