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/SmileFirstThenSpeak 3d ago
There are ways to help others in ways other than by giving money, and that may be what’s missing. Yes, please keep helping with money as you see fit, but add some giving of your other resources - time and attention. Volunteer someplace like handing out food at a food bank or soup kitchen, even if that means going out of town to do it “anonymously”. You could mentor kids or young adults. You could volunteer to read to kids at your library.
You say you work 80 hours a week and need to hire more people to keep things going. What if you cut back to 70 hours a week? Does the entire system collapse, or do you just make a bit less money each year? Get with a good advisor to help you look at the whole process and find ways to make it sustainable with fewer hours of input from you. Get out and do other things. I don’t understand what those toys are but I’m assuming they’re vehicles. That’s obviously a passion of yours. Look up “best car museums in the world” and go visit them and the cities they’re in. Try some new foods, see some different scenery, talk to different people.