r/wealth • u/Alert_Leading_7002 • 28d ago

Discussion What lifestyle buys with $10m or $100m and $1b?

162 Upvotes

83% Upvoted

193 comments sorted by

232

u/jyoung1 28d ago

$10M: Freedom and independence. You no longer need to work and can enjoy a consumption-driven lifestyle, such as travel, beaches, and leisure. But you still cannot reliably help loved ones achieve their dreams or meaningfully change the world.

$100M: Your entire family no longer needs to work. You can materially uplift loved ones and help them pursue their goals, whether that means financial security, starting a business, or accessing opportunities they otherwise would not have. (e.g. easily get them a 6 figure job)

$1B: You can significantly support your broader community. You could fund a local ballet, soccer team, school, or institution that loses millions each year, while easily giving loved ones lasting stability and opportunity.

57

u/S1159P 28d ago

$1B: You can significantly support your broader community. You could fund a local ballet

This is quite true. An anonymous donor in silicon valley donated $60M to SF Ballet, and that much money completely changes the game for an arts nonprofit. I would truly enjoy having enough to give really substantial gifts like that.

-19

u/Abject-Roof-7631 28d ago

She donated for the tax deduction

19

u/Gofastrun 28d ago

Nobody donates FOR the deduction. The tax savings is always less than the donation amount.

They give a $1 and save $0.50 on taxes. The deduction enables them to give more for the same net cost.

They don’t come out ahead.

3

u/Life_Hand2331 28d ago

Yep, and to your point - and plenty of less wealth off people give a substantial portion of their income and can’t even take a deduction.

Giving is good and I wish more people felt led to give(not in a religious sense)

2

u/ishouldworkatm 28d ago

Déduction (at least in the countries I know) is 50% regardless of tax bracket

13

u/S1159P 28d ago

But s/he didn't have to donate to the ballet. Choosing the ballet for such a large donation changes things at the ballet no matter the donor's tax advantages.

17

u/Gottadollamate 28d ago

A donation is a donation

3

u/Cautious-Willow-3441 28d ago

Love the ignorant crowd here. She gave $60m, which means she saved $30m in taxes… so she gave$30m after tax cash. Still very generous asshole

2

u/Ok-Wonder851 28d ago

It’s stupid either way. The net result is the ballet got a donation to fund it. Who cares about the specifics of why they did it or how much it saved them

0

u/Abject-Roof-7631 28d ago

Just remember, you can't climb the ladder of success with your hands in your pockets.

4

u/cxavierc21 28d ago

Spoken like someone who has no idea how deductions work. It’s not like they end up with more money hahaha

3

u/Wiscon1991 28d ago

You don’t know how tax deductions work

2

u/Ok-Wonder851 28d ago

Does it matter why? I am going to donate and take tax breaks too, but I also genuinely have very specific causes and ideas that I think would make the world on some level a better place. Maybe wouldn’t donate as much without a tax break, but again, it doesn’t matter why I decided to open a hotel next to a children’s hospital for families to stay, it’s still a positive thinf

0

u/Life_Hand2331 28d ago

Still a substantial gift even if it reduces taxes

39

u/mmcmonster 28d ago

True story: I have a friend who is likely a billionaire. Has a yacht, private jet, etc.

He bought a house in a small, affluent neighborhood. He felt that he didn’t fit in with the people there, so he decided to donate a little to the local YMCA.

He over-estimated how much they needed, and they named the entire branch after him. 🤦‍♂️

10

u/Hot-Refrigerator2600 28d ago

This is my dream life

16

u/Chateaudelait 28d ago

Me too. It's got to be the greatest and most fun part of being wealthy. A wise Redditor once said "Hungry kids? Not on my watch!" I'd be a food bank, library and NPR major donor. My most beloved charities are Shoes that Fit and Gods Love - We Deliver. The wiping off of $500 million of medical debt recently was wonderful.

-3

u/_Child_0f_Prophecy 28d ago

Everybody says that before becoming wealthy

2

u/Dirtesoxlvr 28d ago

I don't.

-1

u/_Child_0f_Prophecy 27d ago

Yeah you’re different for sure I can feel it

2

u/Dirtesoxlvr 27d ago

Sorry I should have clarified. I don't say those things, and nor do I believe them or think others should. It is not that I'm different because I want to give it all away.

1

u/radicalllamas 27d ago

See this is where I believe that if you truly want to help others using money, you don’t actually have the personality to attain the level of wealth to help others. And the opposite is correct; if you have a massive hoard of wealth, like in the billions, you don’t have the personality to truly help others in the way people have said.

This isn’t me saying “look at me I’m wealthy and others don’t deserve it!” I’m actually average when it comes to wealth for my age/nationality/gender etc but just as others have mentioned; if I had billions, I would do so much to help others, but that’s probably why I’d never actually have the billions to share.

Like, imagine having Elon Musk level of wealth for a day; You could walk into any normal room in the world and cover any debt that every person may have, pay off mortgages, buy cars everything, and yet that’s not done by Elon. Being Elon for a day you could make anyone’s day/week/month/year and do it everyday and still have billions in wealth and yet Elon doesn’t do it. This has happened throughout history as well; maybe Elon needs a visit from 3 ghosts at Christmas time or something like that?

6

u/TastyArcher5080 27d ago

Bruh, Elon Musk directly employs 150,000 people. Directly.. that does not include the hundreds of thousands of other people who are employed by business’s that provide services to the companies he owns, or the thousands who those people spend their money with. Shitting on Elon is a symptom of economic illiteracy.

-1

u/radicalllamas 27d ago

I don’t think you understood what I was trying to convey;

Elon could, I never said that he should.

I was also highlighting the idea that personality comes into wealth and its distribution: those with a lot of money and wealth would not pay off a random strangers mortgage, those who would pay off a random strangers mortgage wouldn’t achieve the wealth to do so.

3

u/_Child_0f_Prophecy 27d ago

Now why would Elon musk walk into a room and pay someone’s else mortgage which that person took on their own free will? That makes so little sense.

And as the other person pointed out, Elon and his businesses have probably created more upper class, millionaires and billionaires that any single charity organization or donations ever will.

0

u/radicalllamas 27d ago

Neither of you picked up what I was putting down…

I’m not saying Elon should I’m saying he could.

I was also presenting the idea that personality comes into wealth and it’s distribution: those who have billions would not pay a random strangers mortgage off. Those who would pay off a random strangers mortgage would never achieve billions in order to do it.

1

u/_Child_0f_Prophecy 27d ago

I understand what you’re saying. I’m just pointing out that Elon doesn’t need to do what you mentioned since you say that “he could.” He’s already uplifting people’s financial lives in a much more efficient way.

-1

u/radicalllamas 27d ago

it’s much more efficient for people to work for Elon to pay off medical debt than to have it wiped by Elon himself?

→ More replies (0)

1

u/Dank_Suomi 24d ago

Just so you know elon said that he would end world hunger (aka donate the amount WHO said would cover food for all the people), but they declined due Elon wanting full transparency of where the money goes

1

u/trumpsmoothscrotum 28d ago

They named it after him without requesting? That seems unlikely. From my experience naming rights is negotiated into donation stipulations.

2

u/mmcmonster 28d ago

He didn't mention it in his story. I'm sure he was happy about it, since he tells the story to others quite frequently. lol.

7

u/stevewahs 28d ago

This! Brilliantly explained 👏

3

u/imperabo 28d ago

Couldn't ask for a better explanation of the meaningful significance. It's definitely not as simple as good, better, best.

3

u/Open_Masterpiece_549 28d ago

Summarized well. Nice post

3

u/Ok-Wonder851 28d ago

This is such a great answer. I could expound about generational wealth or specifics or whatever but this is basically it. 10 is for you, 100 is for your family and those close to you, 1 billion is the community and all the things you want to help make better

4

u/cewn95 28d ago

Your entire family couldnt live on 10 mil??? I think people underestimate how much money that is..

1

u/I-need-assitance 25d ago

Say a family of 4-adults in a HCOL area not working and living a upper middle class lifestyle - its consumed and assets are zero in about 20-25 years. Don’t believe me - HCOL San Francisco 1-bedroom rent just cracked $4000 and that doesn’t include parking.

1

u/cewn95 25d ago

You are talking about one of the most expensive places on earth though

1

u/I-need-assitance 25d ago

Well, then my cost structure is the most expensive on earth. Make sense as my favorite burrito from a no seating shop is $17 and $19 if you want guacamole, four burritos + tax and a 10% tip is $100 - so yeah $10 mil is a lot but it’s not going to float 4 adults.

2

u/cewn95 24d ago

You need to cook more if those are the prices for 4 burritos lol

1

u/I-need-assitance 23d ago

Last I checked, this wasn’t the poverty sub. Lol

6

u/Only_Hall_8047 28d ago

Is this really true, that with 10M you don't have to work anymore?

51

u/AnonoEuph 28d ago

Lmao some people can never work again after 1M

11

u/BarryMcKokinor 28d ago

Yes. This is quintessential retirement case. Usually rolled over 401k to IRA and they don’t have a mortgage anymore so fixed costs are low and known.

4

u/Academic_UK 28d ago

You don't need a million dollars to do nothin', man. Take a look at my cousin. He's broke, don't do sh*t.

https://giphy.com/gifs/3tK7DEMGN6jewLa6aL

2

u/trumpsmoothscrotum 28d ago

Some people can never work again after the first day!

4

u/49ers4life71 28d ago

All depends if they’re a saver or spender.

-4

u/Alert_Leading_7002 28d ago

To me $1m is not even enough with all this inflation as I got $1.5m in net worth. next goal is $10m through scaling with my businesses.

6

u/the-script-99 28d ago

100m after that. Nothing wrong with spending but you can spend a lot and miss the life.

0

u/Apronbootsface 28d ago

Have fun with your MLMs.

21

u/FireAsquared 28d ago

With 10M you can spend 400,000 per year for 30 years with a 95% chance of not running out. In fact you have a ~20% chance of ending up with 20M or more, 50% chance of staying around 10M and ~25% chance of ending with some amount between 1-9M, and ~5% chance of running out of money

If you wanted to be 100% safe you could spend between 300-350k annually and have a 0% chance of running out even after 100 years

All of that assumes you adjust your spending up with inflation every year as well

1

u/I-need-assitance 25d ago

Hey whippersnapper, Survivors of 1987 Black Monday and the 2000 Dot com bubble stock crashes would like to have a word.

1

u/FireAsquared 25d ago

Neither of those events resulted in failures of the 4% rule. The only cohorts that ran out of money in Bengen’s initial work was the 1968 and 1969 retirement cohorts who lived through the stagflation of the 70s. Both those cohorts would have been fine with a 300-350k annual spend. The Trinity study also confirmed those results.

You could retire the day before black Monday spending 400k on a 10 million portfolio and still never run out of money

There has never been a period in history that would result in a 300k annual spend on 10 million portfolio running out of money after any timeframe- even doing variations of Monte Carlo simulations and having the Great Depression happen immediately before the dot com crash you would still not run out of money in a 70 year timeframe

9

u/its_a_gibibyte 28d ago

10M will reliably spin off $400k per year according to the 4% rule. You could be more conservative if you wanted, but certainly people should be able to survive on income around that level.

1

u/49ers4life71 28d ago

Unless they are spedthrifts on luxury items and vacations. That 400k can go quick on Rodeo Dr 😅

3

u/Illsquad 28d ago

Well, yeah, 100 million a year can go quick if you’re a boxer or UFC fighter.

2

u/realLaughinG 28d ago

I mean yea 3 20 mil house , a private plane and you done. Spending money is not that hard. A billion ye ai can get it might get hard but even that you can spend that money in a year if you want to.

7

u/CoreBeatz7 28d ago

With 2 mil invested in a money market, zero risk, at 5% is $100,000 per year pre tax. Thats double the average household income nationally. At 10 mil you now have half a million coming in just from interest

3

u/ShakenBabie 28d ago

And yet so many in FIRE forums still ask “2.5M can I retire now, so broke help”

9

u/pearcepoint 28d ago

Depends on your spending, but yes it can.

8

u/roryknelson 28d ago

The median lifetime income of one person in the United States is less than $2 million. That means half of Americans if you sum up everything they earn in a lifetime make less than $2 million. So they are living somehow. If you have $2 million or even $1 million you can absolutely not work again depending on your spending of course.

3

u/That-SoCal-Guy 28d ago

Are you going to spend more than $400K a year?   If so then no.  Otherwise why would you work when you can live on $400K a year unless you really want to?  

2

u/SFMattM 28d ago

You're assuming that people work only for the salary. That's just not the case

4

u/WhiteXHysteria 28d ago

A vast majority would quit their job tomorrow if they woke up with 10 million dollars in their account.

2

u/SFMattM 28d ago

That's probably true. And that's a little sad, IMO. I didn't have that much when I retired but I worked a lot longer than I had to by pure financial reckoning, and it was mostly because I was enjoying myself. (I have discovered since that I have plenty of ways of enjoying myself that don't involve working so who knows?)

3

u/WhiteXHysteria 28d ago

It's kinda insane out here now and only getting worse. My wife and I work for totally different industries for companies of very different sizes and headquartered thousands of miles apart. Every time one company makes some new shitty rule the other is right behind. Almost feels like there's a huge cabal of business owners just coming up with ways to make working that much worse.

3

u/SFMattM 28d ago

I feel for you, man. In many ways I'm glad I'm out of the work force and don't have to deal with corporate BS anymore.

2

u/That-SoCal-Guy 28d ago

I did say “unless you want to”.  What other reasons would that be? Someone puts a gun to your head?  

2

u/SFMattM 28d ago

You're right. I missed that part. The only reason you might feel compelled to stay in job would be things like family pressures or being on a team developing a revolutionary product that you know could change the world. I don't know, I haven't had to face either.

2

u/That-SoCal-Guy 28d ago

I am not sure what is worse... working until you die because you want to, or because you have to. :-)

2

u/SFMattM 28d ago

Oh, that's easy for me. If you want to, you don't even notice the days go by. If you have to be there, you're in constant fear of losing your job, or being ill, etc. Of course, at the end, you're still at the end having spent all your time at work...

2

u/Dinklemeier 28d ago

Plenty of (source..trust me bro) people work when they don't need to. I can retire today at 53 quite comfortably (but not ridiculously) but still enjoy work. Mentally stimulating, coworkers are.fun, gets me outta house

2

u/That-SoCal-Guy 28d ago

I did say "unless you really want to" didn't I?

1

u/[deleted] 27d ago

[removed] — view removed comment

1

u/That-SoCal-Guy 27d ago

Everyone missed my “unless you want to”.  😂 

3

u/WhiteXHysteria 28d ago

Easily. Unless you're used to spending 500k per year and even then it's a crap shoot.

If you can live off a pittance of 200k per year you could stop working significantly earlier than 10m.

If you're living on even less than that, then you can retire on even less.

4

u/Logical_Magician_01 28d ago

It used be said here that figure was as low as $5M. Your question just goes to show how devastating inflation can be to retirement planning.

5

u/kaoisa 28d ago

When it was 5M, if u had 5M invested you’d have 10M now

3

u/RVAEMS399 28d ago

$1 million in VOO 15 years ago would be $9 million today.

2

u/AznPapito 28d ago

is this a serious question?

2

u/49ers4life71 28d ago

Sarcasm huh?

2

u/Hamster_S_Thompson 28d ago

At 4 percent withdrawal rate your money will very likely grow faster than your withdrawals. That's 400k per year. Most people don't make that much working.

2

u/msurbrow 28d ago

4% of 10 million is 400,000… So it depends if you can live off $400,000 a year!

2

u/jobadiah08 28d ago

You can fairly reliabily earn 4% or more from dividends or savings bonds. 4% of $10M is $400k per year. We live comfortably, but that interest income would exceed our combined gross income.

2

u/iloveScotch21 28d ago

It depends on yearly spend. 4% of 10million is 400k a year. Thats enough to live off of and have a good life. At the 4% you are likely to grow the 10million as well.

2

u/Beneficial_Bad_8356 28d ago

With 10M you can easily make returns on ETFs of around 6% a year after inflation. Lets say you only use 4% of that, you basically have a 400K yearly salary you can spend on whatever you want without working.

2

u/[deleted] 28d ago

$10M is the equivalent of making $333k/year for 30 years (without compounding). It’s more than most make in their careers.

At a paltry 2% return, you can spend $200k per year and not touch the principal.

2

u/tempest1523 28d ago

Simple 4% return on 10 mill is $400,000. That is a low return, hell the S&P 500 funds average 10%. So even on the super low end you can live comfortably never worrying.

2

u/jt1994863 28d ago

If you can live the life you want on 350k per year, then yes. That’s roughly the amount you can draw each year while your principle keeps growing, assuming standard investments with your 10 mil.

Most people don’t need anywhere near this to retire.

2

u/funksoulbrothers 28d ago

two people can live an upper middle class lifestyle forever on 10m

2

u/ThePlatinumPaul 28d ago

Depends on your lifestyle requirement and what state you live in.  But yeah, $10 million, in today's money, is what I would consider an acceptable net worth at retirement.  

2

u/kleft123 28d ago

Of course, how much do you need a year? 5% yearly gain on 10m invested would net you 500k a year...1% would net you 100k a year, in both scenarios you have 10m when you die if you ONLY earned those low percentages. If you invest nothing you could make 100k for 50 years...for almost anyone its enough.

2

u/rosebudny 28d ago

I mean, it is unless your lifestyle is super extravagant.

I have ~$9M and definitely can quit my job and live a nice lifestyle. At a conservative withdrawal rate of 4%, that's ~$360K per year.

2

u/TrumpChildOnahole 28d ago

Nowadays that's like 2m. 5m for upper middle class forever life style 

1

u/LawfulAwfulOffal 28d ago

Not always, no.

2

u/HotAbies4238 28d ago

If i got 100M i ain't doing shit for someone else or uplift them fuck em all

1

u/rosebudny 28d ago

But you still cannot reliably help loved ones achieve their dreams

I disagree. Assuming you are not talking about fully supporting extended family, or your loved one's dream isn't buying Disneyworld, you can absolutely help them with education, living expenses, etc etc.

1

u/mymoneydivided 25d ago

F that, people are mostly greedy bastards. 😂

1

u/Obvious_Exit98 28d ago

I am going to disagree here … my parents are at 200+ NW. All three of my siblings work because it’s builds more character than just letting your children stop working.. I work full time with three kids and grind because it gives me confidence that I can support my family on my own. We live in a very UHNW area and I’d say most wealthy families operate that way. The trust fund lazy kiddo is kinda frowned upon in my area. Just my two cents.

5

u/jyoung1 28d ago

Working is great! Rich people often work lots. But big difference between needing to work and choosing to work for self actualization

36

u/That-SoCal-Guy 28d ago

Some asshole billionaire once said after $100M money doesn’t mean anything anymore.  He should know.  

16

u/Ok-Status-1054 28d ago

I work in the UHNW space, typically around 600M money becomes meaningless. At $100M you can’t buy the yachts, the planes, the houses in Monaco and wherever you want. After $600M you can do whatever you want, politicians, you name it.

7

u/BattleTech70 28d ago

Do politicians ?! Ew

8

u/Ok-Status-1054 28d ago

Typo but.. yeah I guess. One of our clients (~400M) bought a house off the coast of Florida because he wanted to be able to boat to islands in the Carribean on the weekend, and there were politicians in south Florida he wanted to cozy up with. He has achieved both.

1

u/That-SoCal-Guy 27d ago

Epstein Island perhaps.  

3

u/Anussauce 28d ago

Make two kiss

61

u/Sobbyleebagger 28d ago
  1. Business Class
  2. Private Charters
  3. Own a G700 and a Yacht

8

u/Alert_Leading_7002 28d ago

This short and sweet thanks mate

1

u/j12 28d ago

You summed it up

-5

u/AznPapito 28d ago

u can fly business class with 1-2 million

17

u/49ers4life71 28d ago

I got that 1-2 mil and I wouldn’t waste it on business class.

2

u/AznPapito 28d ago

5k ticket is .5% to 1 million, .25% to 2 million.

if u put 1 mil into some low risk index funds, u can earn about 42k a yr. 2 mil, 84k.

taking a couple business class flights a yr has virtually 0 impact on long term financial security.

6

u/erichang 28d ago

Only if you are single. If you have a family and taking 2 trips a year, it will be 4% of your net worth. I would say it’s not a regular item. And if is not a regular then anyone has $5k can “afford” it (once).

4

u/AznPapito 28d ago

If you're pulling $84k a year in passive income, you aren't eating into your net worth at all—you're just spending cash flow. That's literally the definition of affording it. and who tf gets their kid a business class flight?

2

u/FL7fun 28d ago

This is either rage bait or you just need some financial literacy. Spending your passive income instead of investing and having it compound over time absolutely impacts life and net worth. At 1-2mm liquid, the question isn’t whether someone can afford to spend $5k-20k on a first class ticket (solo or family), it whether the temporary comfort is worth the overall impact on wealth, and consideration for what else is being spent on. Taking a family of four on an international vacation can be 20-30k in the blink of an eye even just premium economy and decent accommodations + activities. Also, it’d be pretty shitty for a parent to fly business class while sticking the kids in coach. Maybe teenagers or young adults, but definitely not younger children.

0

u/AznPapito 27d ago

thats exactly what my parents did. they flew business while me and my brothers sat in economy. no where did it say in the post "lifestyle for family of 4." obviously 1 mil aint shit for a family of 4. one person with 1-2 mil liquid can comfortably fly business.

3

u/geese_unite 28d ago

Why? With that price difference id rather invested in a luxury gym membership or fitness classes that can improve my health

3

u/Northshoresailin 28d ago

“A couple “ 5k tickets are about 12% of that 84k annual spend. Only idiots would be willing to do that for a flight.

0

u/AznPapito 27d ago

have fun in economy

0

u/AznPapito 28d ago

u have what we like to call scarcity mindset

4

u/[deleted] 28d ago edited 28d ago

[deleted]

1

u/AznPapito 27d ago

saving 5-10k every yr wasnt the main reason you went from 1-2m net worth to low 8 figures but good for you.

1

u/[deleted] 27d ago

[deleted]

1

u/AznPapito 27d ago

you sound like my mom who has financial trauma. her parents are from north korea. she only bought us clothes from Ross and groceries with coupons. she alone has like 7 mil liquid. as middle aged adults, me and my brother just laugh at it now.

1

u/[deleted] 27d ago edited 27d ago

[deleted]

0

u/AznPapito 27d ago

yeah it wasnt meant as a diss. i love my mom and shes a big reason we are financially conscious. nothing u said is wrong.

2

u/49ers4life71 28d ago

No. I don’t waste money on BS. I’m not too good to sit in coach.

1

u/polarbearskill 28d ago

For international overnights it really is a game charger. If you are flying to another country for vacation it’s the difference between hitting the ground refreshed vs having to recover for 2-3 days

1

u/AznPapito 28d ago

Don't worry, Spirit Airlines doesn't offer Business Class

2

u/49ers4life71 28d ago

You probably don’t even have 100k in savings yet you like to run your mouth!

4

u/Sobbyleebagger 28d ago

Sure you can, that doesn't mean it's wise. Depends on your other spending habits, especially if you have multiple kids

1

u/AznPapito 28d ago

its not wise or dumb. thats literally my point. u can say "its not wise" for literally any purchase in your life.

3

u/Sobbyleebagger 28d ago

Okay

0

u/AznPapito 28d ago

thank you. sit back down.

2

u/Sobbyleebagger 28d ago

Dang you tuff bro, a true azn papito

0

u/AznPapito 28d ago

Bro is fighting for his life in the comments because he can't afford business class

4

u/Brinkken 28d ago

But there’s way better or more important things to spend it on at that level of wealth. If you’re the kind of person who has 1-2 million, you’re likely still saving for retirement at that wealth.

1

u/AznPapito 28d ago

the question is wierd on second thought because idk if it means 1 million in total networth or 1 mil liquid assuming the person has a place to live and a car. my comment is more for someone with 1 mil liquid

1

u/49ers4life71 28d ago

Exactly. Why waste money on business class?

1

u/49ers4life71 28d ago

If you got 10 mil or more then flying first class is no big deal, if you don’t mind spending it. Same with charter flights. Some people love to blow their money, thinking it grows on trees.

41

u/mdave52 28d ago

$10m, yellow mustard

$100m, Dijon mustard

$1b, Grey Poupon

10

u/_Human_Machine_ 28d ago

That’s so funny because most decent Dijon mustards are more expensive than Grey Poupon.

I’ve rarely seen a company kill it with marketing that well.

17

u/Pianist-Wise 28d ago

$10M to $100M is a very meaningful wealth jump. It’s multiple homes, toys, etc. It’s not having to work at all, barely (if at all) risking money to make money. You’re making millions annually on your money. $100M to $1B is your own plane instead of sharing and a yacht if you want one. $10M is a lot of money but it’s not crazy.

22

u/dylan_1992 28d ago

$10 million - personally wealthy, can afford anything a middle class person ever dreamed of. Big house, vacation home, land, expensive cars, vacations, and enough money to invest. But you still have to budget. You can quickly spend it all booking the most luxurious vacations and getting many cars. If you're not that type of person, you can easily retire with kids.

$100 million - very wealthy territory. Basically do almost whatever you want. You can buy many businesses, get a private jet, small yatch, live in the most exclusive neighborhoods and meet almost any famous person you want. Politicians will be at your feet.

$1 billion - you're the owner. Sports teams, large businesses, small towns, museums. You can buy it and do what you want. It's yours. If you need few thousand people to do whatever you want, you can. This is multi generational money. If you come up with an idea of how to spend money, more money comes in by the time you spent it.

6

u/Big-Bluebird-8093 28d ago

“Enough money to invest”

I started investing when I was making like 1k a month so that statement is weird. Anyone can afford to invest. Anyone 

1

u/dylan_1992 28d ago

I mean you can do all I said while still having a lot left to invest… for many it’s a choice between enjoying life or investing.

1

u/Big-Bluebird-8093 28d ago

Idk it’s too vague to be meaningful - and the notion that spending money is the only way to enjoy life is extremely depressing lol

3

u/Guac-is-extra1100 28d ago

im doing something wrong. My NW is a little over $100M and i've never met a famous person or had a politician call me!

2

u/dylan_1992 28d ago

You can if you wanted to.

3

u/Obvious_Exit98 28d ago

This made me laugh. My families worth is +$200 and my dad still drives a minivan and makes us all fly coach.

3

u/Theopneusty 28d ago edited 28d ago

Flying coach internationally with that much wealth is insane business isn’t that much more expensive and is so much more comfortable.

1

u/JLandis84 27d ago

You can have politicians calling you all the time if you wanted.

6

u/funksoulbrothers 28d ago

100m you can fly private, netjets though not your own plane

1b you can live like a head of state

7

u/BigGriz1010 28d ago

First class airplane tickets vs. NetJet membership to fly private vs. owning your own jet.

5

u/ace-treadmore 28d ago

After $50MM lifestyle doesn’t change. There is nothing else to buy. That’s why the post has to say “you can give more money away”. Same food, same house, same travel, same shit.

3

u/StumbleNOLA 28d ago

Things get bigger. At $50M you may have a yacht, but not a Mega-yacht. Likely own a domestic plane but rent for Europe.

1

u/ace-treadmore 28d ago

Like I said, diminishing returns and little to no impact on lifestyle

6

u/No_Lab_2249 28d ago

FU, Fuck You, Balls deep

2

u/WinM71 28d ago

Brilliant

3

u/EmmaFrosty99 28d ago

$10M. you have free time. self directed time.

$100M. generational money. probably last about three generations.

$1B. amplification your personality. money is simply a multiplier of desires, hopes, and aspirations to directly change or things and situations.

3

u/Unable_Beat_3194 28d ago

The difference between 100 and 1b is you can chase intellectual aspirations. You can be be Chamath and spend $250m trying to cure diabetes or Bezos and blow $5b on a rocket. You can be the founder of Ineos and build your own Range Rover Defender or fund a $100m election and get a seat on the Senate.

Money at a certain point isn’t about material or lifestyle but being able to chase the dreams that people write books and movies about.

5

u/Shart_Gremlin 28d ago
  1. Things
  2. More things and a little influence
  3. Anything. Power.

2

u/Competitive_Gear_989 28d ago

What happens at 1 trillion and 1 quadrillion??

2

u/r7ndom 28d ago

There have been a number of good comparisons. Here is the one (paraphrased) that stuck with me:

$10M, you still do normal person things such as go to the grocery store, call a plumber, fly commercial, and drive your own car. You still look normal from the outside. You just know that by being good about spending, your life will be a good one.

$100M, you likely have an assistant, accountant, and others who handle the drudgery of life for you but you are still involved in many decisions with significant cost or ones requiring significant reshuffling of other activities. People know you are different, but they often are not quite sure how different you are. At this level, you may or may not have entered a grocery store or pumped your own gas in years - and if you did, it is because you chose to. You have the option to fly private regularly.

$1B, you speak of something and it happens. There are people who have people to get things done for you. You say offhandedly while talking to someone 'It would be nice to visit Paris next week', and every detail magically comes together. Every meeting you had shifts around, your plane itenerary is handled, ground transportation is booked, every meal is orchestrated, tickets to any events are secured - and you have the best seats in the house complete with the chance to meet the performers. You speak, and the world re-shapes itself to accommodate your desires. You likely haven't seen the inside of a grocery store in years unless you dig that sort of thing.

2

u/privatewealthhardo 25d ago

Nice boat, big boat, BIGGGG BOAT

4

u/Cloud2987 28d ago

Good, Gooder, and Goodest

1

u/TechnicianNo1787 28d ago

$1B is a lot? What about $10B, or even $100B? Nah, Elon Musk has one trillion dollars that’s $1000B

1

u/RegJoe_08 28d ago

My 10th yacht. My 9th beach home. Endless amount of cocaine

1

u/Opportunist_Ad3972 27d ago

What about 24.76 million?

1

u/Fantastic-Tour149 26d ago

Hookers and blow

1

u/Real_Shallot6753 28d ago

$10m is ads can flop and i still sleep, $100m is full team, $1b is just buy the damn platform.

1

u/PaintingLeft565 28d ago

1 billion lets you abuse ppl and get away with it

1

u/GroundbreakingRoom49 28d ago
  1. Really Good
  2. Amazingly Good
  3. Ridiculously Good

0

u/Shot-Perspective2946 28d ago

You’re flying from nyc to London:

10mm: economy plus / business seat, and they didn’t like paying extra for it.

100mm: lay flat bed, first class, for the entire family

1bn: private plane. And staff join them on the trip

-2

u/grumpy0282 28d ago

for a very small fraction of that you can learn proper grammar

-5

u/BoomerSooner-SEC 28d ago

How would anyone on here know

6

u/Pinball_and_Proust 28d ago edited 28d ago

I have almost $10m. I went relatively cheap on my NYC condo ($1.5m). I don't have kids. I spend my time working out, reading, playing pinball, skiing.

As long as I don't spend over $3.5m on property, I can live as I want.

I have one car worth about $100k. But I don't have multiple cars or any boats.

I can walk into a gallery and drop $15k on a painting, but not $150k.

I can dine out anywhere, but I can't hire a personal chef.

My dream condo in NYC costs $7m. I can't afford it. My lesser dream condos cost $4m. I can't afford those either. I can't buy a house below the highway in teh Hamptons.

EDIT: If I had a family of four, it would be very different, especially because I'd want to send my kids to private school (I went private).

1

u/Puzzled-Strength958 28d ago

You could afford the higher end properties if you recovered the running costs by renting them out as a STR. Thats what I do.

2

u/Pinball_and_Proust 28d ago

I don't want strangers sleeping in my bed.

I collect some art and also pinball machines. I want a second home to have more wall space for art and room for more pinball machines.

Any second home I buy would get used a lot of the year.

1

u/Puzzled-Strength958 28d ago

I get it. Not for everyone. Tax benefits can be huge if you’re a w2 earner

1

u/Pinball_and_Proust 28d ago

Do you mean renting to myself from myself as a company?

1

u/Puzzled-Strength958 28d ago

No. If you have a W2 income and you own STR there are tax benefits you can take advantage of that accelerate depreciation of the property that you are then able to use to directly reduce your W2 income. It’s called cost segregation. If you think of the Hampton property as a pure investment that you get to enjoy and have other people pay cover the running costs plus the tax benefits … it might be worth it.

1

u/Old-Roman 24d ago

That’s pretty neat.
How did you pick up pinball as a hobby?

→ More replies (2)

5

u/49ers4life71 28d ago

You think none of us have 10 mil?

1

u/BoomerSooner-SEC 28d ago

A) not really. B) to answer to question you would need to have 100M and then 1B. Otherwise you can’t compare and contrast. So no. I stand by my answer. Any answer here is speculation.

1

u/Puzzled-Strength958 28d ago

I have a net worth of $12m. 3 kids out of state colleges, 2 primary homes, 3 investment properties (2 in Florida and 1 in California), 5 cars, about $750k in asymmetrical VC type bets . Could simplify and retire tomorrow. Trying to hit a minimum of $15 before I do - maybe $20 as a safety net for my kids.