String Bell's Sheisty Thoughts

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When people say millionaire they mean multi millionaire. Most people in high cost of living cities are technically millionaires but because the cost of living is so high they aint secure. To me millionaires are those that have at least 5+ million liquid assets. As for lifestyle there really isn't much difference between someone with 2 million and someone with 10. A lot of millionaires are consumed by their work...so they rarely get to fully enjoy it. They have a real advantage at securing their kids however.
 

Edub

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my father is a millionaire on paper and he has a nice house and get to play golf all day, but he isn't rich. He can buy all his necessities but he isn't balling and he can't take care of his family. You probably need 10- 20 million to really be rich nowadays.
So he has a nice house and can afford to play golf all day….but he can’t afford to take care of his family….make it make sense, cuz this shyt ain’t adding up:gucci:






If you mad at yo daddy, just say that :pachaha:
 

Estarossa

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I mean he doesn't have money to take all his family out the hood and make sure his kids are living good.
You love showing us how pathetic you are don’t you? Broke ass nikka talking down on your own father because he’s doing good in life you been down bad since this website was created… go see a fukking therapist already. :hhh:
 
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Assuming we're talking liquid wealth like cash and safe securities...


$5 million = comfortable and have all your needs and most wants met. Vacations, nice Lexus/BMW/Vette, house paid for. Retire early but probably better to wait until your 40s. Retiring at 22 on $5 million is a stretch if you don't have a plan.

$10 million = everything from above but you can retire ASAP without having to manage the money as tightly.

$25 million = probably where a breh would actually start to feel "rich." You can buy that high end exotic, REALLY nice house, retire early and basically do whatever you want. Successful pro athlete rich.

$50 million = 2 or 3 exotic cars, nice house, possibly a 2nd or 3rd house for vacationing, philanthropy etc. Got enough money where you and your kids can't fukk it up but your grandkids might if they don't learn anything.

Anything above $100 million is mogul/CEO rich, getting into wealthy territory. Probably value a membership to Augusta National or St. Andrews for golf more than another nice ride or crib. Flying commercial...naw. Vacation to places ain't no one even heard of. Bugatti calls YOU and asks if you want that new custom joint they're building.
 

Hahahaha

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Anyone claiming they could just retire as a millionaire right now has not run the #'s unless you talking a million in cash and plan to move outside the US. Look up the costs of healthcare in the US when it's not subsidized by your employer, current inflation, real estate costs, stock market volatility, etc. I expect to need 3-3.5 million by my early 50's if I want to retire early. I'd need ~5M to retire now.
 

Ayo

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I think there’s 4 levels to financial security

At the bottom we have ‘completely Broke’.

Next level up is ‘Paycheck to Paycheck’

I’d argue once you get past ‘Paycheck to Paycheck’ into “Living Comfortably” happiness doesn’t really change until you’re in $200+ million dollar ‘fukk you Money’ range. Where you can do whatever you want, whenever you want, wherever you want. Forever. Why not $100 million? Ask Antoine walker.

Being a millionaire doesn’t really make you happier unless you jump up from those bottom two rungs. And the happiness only lasts for so long.
 

Ayo

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Assuming we're talking liquid wealth like cash and safe securities...



Anything above $100 million is mogul/CEO rich, getting into wealthy territory. Probably value a membership to Augusta National or St. Andrews for golf more than another nice ride or crib. Flying commercial...naw. Vacation to places ain't no one even heard of. Bugatti calls YOU and asks if you want that new custom joint they're building.

But even at $100 million ….

Getting new Rolex’s from ADs is probably a hell of a lot easier but $100 million is only 66 Bugattis. Chances are they are calling the billionaires first and you are on the waiting list. Ferrari and Lamborghini? Lamborghini will give you a crack at the new V12 or V10 model but chances are they are not calling you for anything not “mass” produced.

When you fly from Teterboro to Van Nuys or John Wayne chances are it’s fractional ownership because you can’t afford to buy or maintain your own gulfstream capable of that trip. And at $50,000 a trip even fractional can be costly. Which is why you see celebrities flying first class commercial sometimes if they are the ones paying for it (saw Tyra Banks flying Jet Blue Mint from LAX with her assistant not too long ago).

You’re still watching your pockets if you want to live the life you describe in your post. And once you start getting into that world you’re back at the bottom of the rung.

I have someone in my family who is a former corporate executive who is in this range. $100 million isn’t what it used to be. There are levels to this shyt.

If you don’t change your circle or the places that you go too much you’ll feel like a god. But once you start trying to eat lunch at the Polo Club you’re going to feel poor again.
 
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