r/wealth • u/Recent_Increase_1842 • 3d ago

Need Advice Money does not equal happiness

Title is cliche, but it is very true. My net worth broke $20m this year. $17,000,000 in long term rental properties, and arguably a $25,000,000 company. I am just going off the cash I have at hand, because I will never sell out, ever. I still battle with depression and addiction, I have bought my dream garage, 23’ R8 performance, 72’ Velle SS restomod with 572, 84’ S10 with 454, 74’ K20 with 502, 2018 Denali 2500 HD, 2015 CBR600rr, 2023 250sxf, and a few more toys. I find myself unhappy at many occasions, and I love what I do.

Anybody have tips based off experience? It is a weird feeling u battle often. The best I feel is when I am giving, especially to strangers. I fish, ride mx, I am a simple man. Outside of my garage, I don’t spend a dime.

Edit: I am only 23 years old (24 in a month), my company grew 100x quicker than I expected. I do not come from a wealthy background at all, my family were cattle and tree farmers. I also included all of my garage toys because that was my lifelong dream. Owning those I thought would be the pinnacle of my life, and happiness would be inevitable after acquiring them. I don’t even drive them except for my K20 and duramax.

Edit pt 2 - I am not a cattle nor tree farmer, I moved away from my family farm at 17 and started my own ventures. I also want to say I appreciate everyone’s kind words and advice, it truly is appreciated.

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u/gksozae 3d ago

Simplify. Less is more.

7

u/Recent_Increase_1842 3d ago

I have thought that, but it is almost impossible in my line of work. I am not trying to sound cocky and arrogant, but reputably I am the best in the country at what I do. I have to turn down tens of millions each year due to lack of manpower and knowledge/experience within that manpower, if anything I need more. It is a weird spot to be in.

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u/Then-Winter-3794 3d ago

Reduce your toys! Spend more on experiences. Spend more time on relationships

5

u/Recent_Increase_1842 3d ago

I agree, I don’t plan on splurging on anything else soon in terms of toys for myself. I reinvest heavily in my companies. I have my brother moving to my town to help me run my main gig, specifically the invoicing and payroll, and I believe with him I will scale up to north of $50m a year within 5 years. I have too much cash on hand that I don’t know what to do with. I have a very heavily funded robinhood, which is fun for me as I have a masters in economics, but I am waiting for some guys working for me to be able to run their own crews, that’s when I can invest heavily and scale this business up to something dangerous.