EXCLUSIVE: Brian O’Kelley says he’s capped his wealth to $100 million. The tech founder tells Fortune, billionaires are wasteful, out of touch, and “othered” from real life.
Depends if you want rich people play money or just comfy people play money.
Also if you want to say buy a beach front house in california or a nice mountain home in Colorado. That alone can run you a few millions dollars upfront not to mention a the on going costs.
100m is honestly not a lot of money if you plan to not for for the next handful of decades and want to actually enjoy a rich life style.
10 mill will put you in a nice middle class home and keep you living a middle class life style for the same length of time.
Wealth to life style scales pretty well from 10 to 100 million dollars when your looking at a 35 year span.
I guess my imagination is not good enough but I cannot imagine what I’d need much more than 1M per year in passive income for. 100K every 5 years easily gets me the car I want, 2M up-front would probably be enough to get me the house I want. Perhaps another 2M for a second house in some warm climate. I could pay for all of that in 1-5 years of passive income if I had $10M in investments.
I’ve been to Monaco. I’ve seen rich people. I didn’t see anything there I wanted.
Depends if you want rich people play money or just comfy people play money.
Also if you want to say buy a beach front house in california or a nice mountain home in Colorado. That alone can run you a few millions dollars upfront not to mention a the on going costs.
100m is honestly not a lot of money if you plan to not for for the next handful of decades and want to actually enjoy a rich life style.
10 mill will put you in a nice middle class home and keep you living a middle class life style for the same length of time.
Wealth to life style scales pretty well from 10 to 100 million dollars when your looking at a 35 year span.
I guess my imagination is not good enough but I cannot imagine what I’d need much more than 1M per year in passive income for. 100K every 5 years easily gets me the car I want, 2M up-front would probably be enough to get me the house I want. Perhaps another 2M for a second house in some warm climate. I could pay for all of that in 1-5 years of passive income if I had $10M in investments.
I’ve been to Monaco. I’ve seen rich people. I didn’t see anything there I wanted.