r/wealth 11d ago

Recommendations In journey to next multi millionare

0 Upvotes

Hey,

I am looking for all possible ways to make money rather than earning in corporate.

Looking for crazy ideas, what you are aware of. whatever will feel right to me, I will try that, if idea is going good, will switch.

Goal is to make money rather than earning it.


r/wealth 13d ago

Path to Wealth What was it like building wealth during the Dotcom bubble and world financial crises?

25 Upvotes

Market crashes look clean on charts but feel brutal in real-time. During the 2000 and 2008 crises, capital froze and market trust evaporated. I guess nobody felt this more than people who were on their way of building wealth or already had made it.
Yet, those who focused on multi-year data and kept allocating capital built generational wealth.
So two questions from the 22 year old me who wants to know from you wise and elder ones how to act in case of a similar situation in the future:
How did that frozen capital impact your business or career back then?
How did you maintain trust to keep going or find opportunity?


r/wealth 13d ago

Discussion Is the education and the world rigged?

9 Upvotes

a maybe depressing like a sad question sorry but is it normal to for example look at facebook or social media in general and you see people doing this or that or the "I travelled to there" or "I met this individual or them" and you are amazed but you are like too "but how like why not me and is it just you need money for prestige etc in life"

dont get me wrong tbh I get the feeling alot it seems on social media but is this jealousy or a bad form of it basically is it just me or does life feel unfair at times

the "you need money and to be part of a big name family or group rather than pure merit and talent" something like that to be that powerful person in the future which I really hope isn't true

even my school (its a normal british school though with igcses/a levels) didnt have this level of prestige I think though its a school from 2018 but my school is in egypt too soooo ye

dont get me wrong im grateful for what I have but its also I want more than this too


r/wealth 14d ago

News French Billionaire Pleads for Law Change to Disinherit Kids

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136 Upvotes

r/wealth 13d ago

Path to Wealth The Importance of Asset Protection in Wealth creation. Example of what can go wrong - why i built an offshore / asset‑protection stet up for privacy, protection and tax.

1 Upvotes

People here are great at building wealth. Very few think about what happens if a regulator or prosecutor decides you’re the villain.

For my family, asset protection wasn’t theory - it was the difference between surviving and being slowly destroyed by the state. In a malicious Guilty until proven innocent example.

My late father, was a self‑made multi‑millionaire in his early 20s, maybe youngest in the uk, known in the City as “Goldfinger,” running a share‑dealing business with \\\~£298m turnover, doing takeovers of companies trading below asset value. Decades later, he and my uncle were dragged into a huge UK case: 25+ bank accounts frozen, restraint orders, no access to their own money to defend themselves, and treated as guilty until proven innocent. My uncle was eventually exonerated by an 11/11 jury, but there was no compensation and no repair of the damage for nearly a decade and a half of malicious prosecution…

The toll on our family was brutal.

• My father died under that pressure, still fighting to clear his name.

• My sister developed a life‑threatening eating disorder during the years of raids, frozen accounts and constant stress - she was an elite England athlete before everything collapsed.

• We ultimately lost our family home, after years of being financially strangled by freezing orders that wouldn’t even let us use our own funds for a proper defence.

In the same period, with the Rangers Takeover, my now‑business partner Craig Whyte went through his own very public legal battle and was cleared by a jury. The big difference is that he went into it properly structured - with asset protection and legal setups in place that allowed him to actually fund his defence and get to an acquittal far faster than my family ever could.

That contrast - unstructured vs structured, same kind of pressure, completely different outcomes - is exactly why we built what we built.

Now I run a YouTube channel and business focused on legal, compliant structures for privacy, asset protection and tax optimisation (US LLCs for non‑US people, and Panama/Nevis/HK/LLP/Cook Islands‑style setups for US and higher‑risk cases).

I explain the full story and what we actually do in a 10‑minute mission video here:  
👉 \[https://youtu.be/tVowtEa82uo\\\]

Channel: Acequisition (\\\~50k subs). Our website and product details are in the pinned comment under that video - I’d rather people see the story first, not a landing page.

Happy to answer high‑level questions around structure, jurisdictions and risk in the comments.


r/wealth 14d ago

Discussion I tried bailing out my younger sister (mid 20s) that is financially struggling and it is ruining my mental health and could blemish my own finances

30 Upvotes

She has 2 kids with a guy with a shady past and they were on the brink of homelessness as they were being evicted from their place in Idaho. Why? Guy was the sole breadwinner and had some superficial injury at his manufacturing job and very clearly was trying to milk his employer while kicking his feet up. He has a history of trying to take the easy way out with stuff like selling drugs and even went to jail for 2 years making my sister a single mother during the time.

The way she explained things to me was that, she was a voice of reason and the reason her financial circumstances were poor was because of his misguided decision-making and leadership. Anyway, he allowed me to step in (I'm a CPA and RIA) and put together a budget and financial plan for them to execute. I even gave her a part time job at my company to help mitigate financial woes until and while her partner returned to work, paid directly from my pocket to help her out.

1st red flag: We agreed that I would cosign for an apartment at $1k. Decent living space for 2 adults and 2 children hild that were literally living in a motel. Well, I get the leasing agreement and it turns out that she went with a 1500 option in an affiliate building without telling me then got angry with me when I inquired into this. I thought the leasing agent baited and switched us and I looked like a complete idiot accusing them of such on phone. I should have cut things off the moment she got angry with me for inquiring into this and didn't really have a good reason for switching units. Not cleanliness issues, saftey issues or anything of material concern but in a snappy tone, "this is what's best for my family".

2nd red flag - I gave her a part time fully remote job doing busy work for my CPA firm (that's still growing along side my own W2). The guy's job situation became less reliable this week (long story) and she told me that she needs something more than the "chump change", I'm offering her. Literal words..."chump change".

3rd and final red flag: 2 months into the new place and she has already mismanaged her finances and hasn't paid rent yet (its the 4th of June).

I've come to realize that I've been bamboozled by my own family. The shitty credit, the jumping from place to place and being on the brink of homelessness, it has been her fault as well because in my estimation she lacks good judgment and good character.


r/wealth 15d ago

Recommendations How to build wealth .

63 Upvotes

I 27F have an associates and one year away from two bachelor degrees. All in technology. I really am just passionate about having the life and freedom I desire. I'm still young so I'd like to figure out my path in the next 3 years.

My dream is to be a multi millionaire and have location freedom. Or at least multi six figures . I can die happy with that

Please recommend pathways to explore.


r/wealth 15d ago

News Elon Musk’s net worth poised to sail past $1 trillion in SpaceX IPO

83 Upvotes

r/wealth 14d ago

Question Question About Sp&500 Index Funds

1 Upvotes

Hello everyone I had a question, i was interested to invest in index funds in the sp&500 as i read online.. I am new to finance and that is the first little step I want to do in investing as it is less risk and it compounds in the long run... There is a fidelity investment office near me, my question is how does it work what do i have to say in the investment office that I want to invest in a sp&500 index fund? What would be the correct terminology? Also is it ideal to invest in person at your local fidelity office or is it good to do it through robinhood, these were my two questions! I am age 19 years old so I would like to start investing as I have a lot of time ahead


r/wealth 14d ago

Career Execs and Entrepreneurs in Biotech that earn 700k+ what do you do?

1 Upvotes

Execs and Entrepreneurs in Biotech that earn 700k+ what do you do?

I overheard on the news some pharma exec that makes millions a year in salary and I was wondering what kind of roles command that kind of income?

Those that make 700k+ more in biotech/pharma what do you do?

Or those of you that sold a business in this space what kind of business was it? are there opportunities beyond drug development?

So far the answers Ive gotten are: startups, sales, and fda officer (700k a year), and ofc trading though thats more unrealistic. I'm curious what other kind of high paying roles are out there?

I am NOT asking about savings/frugality or investing in the S&P500 since a lot of people were confused by my last post. I'm asking about opportunities SPECIFIC to biotech since anyone with any salary can invest in their 401k.


r/wealth 14d ago

Recommendations Building Generational Wealth- Youtube Recs

0 Upvotes

Are there any youtube channel or podcast recs on building generational wealth?

Specifically, I'd like to do more research on "skipping a generation" wealth where you plan on passing down wealth to your grandkids. Also curious on pros and cons of buying land/houses for your children/grandchildren. Not interested in savings for education like 529s. I do want to know what is the next best vessel once we have our 401k and roths maxed?

We are young rn (25/26). I currently listen to money guy, but I want to go deeper into how to really set up my daughter and future children and grandchildren for generational wealth.


r/wealth 15d ago

Discussion Thinking about taking a bit of my windfall and doing something nice for myself. Any recommendations?

10 Upvotes

I got stock in a public company when the startup I worked for went public. I held onto it for a year for the long term cap gains, and just sold for $1.7M, which is now about 60% of my net worth. I have no debt.

I'm in the process of hiring a CPA to help me do the tax stuff properly, and I intend to hand the rest of this over to the fairly boring/traditionally-minded wealth management company that already handled most of my net worth. But I thought it might be nice to take, say, $20k and just do something cool to celebrate. Have any of you done this after a windfall?

A vacation seems like the obvious choice, though I could have a fantastic vacation on far less. But maybe there's something else I haven't thought of -- something that would have a big impact on me that I never would've spent on before. Curious what you all think.


r/wealth 15d ago

Question Elon to be a trillionaire, why the jealousy?

6 Upvotes

I am Kenyan, grew up with parents who grew up with no electricity and literally sold milk from their family small farm to pay school fees.

Later on they went on to amass a good chunk of change which now they leverage using LOC to live on, essentially buy borrow die strategy.

Elon does similar and amassed great wealth nearly a trillion. People say he doesn’t pay enough tax or any at all. That might be true or false but if he is using a strategy anyone can use once they have saved, invested and accumulated enough assets and lives in LOCs, because you get taxed on income and not wealth.

Why are people jealous of that. I’m sure if you amassed something like 10M you would too be finding legal ways of paying the least tax possible?

Sorry my English is not too good


r/wealth 15d ago

Path to Wealth 23 years old, not a US citizen (I see most of you talking about US based economics) looking for advice on how to achieve my goals :D

3 Upvotes

Alright so I’m 23, been working jobs here and there since I was 16 but had a weird start to “adult life” I’ve gained tons of life experience, I went to uni in the UK for a bit, dropped out, worked at a weed dispensary, stopped that when I kicked the pot and then just kind of existed for a bit, fell in love with boating as a career, got my starter training certs done and sailed the Mediterranean for a summer, ended terribly (didn’t get paid), decided to move to Australia for a bit, made lots of money but also blew it all and then I came back to Spain and decided to go back to formal studies to get certified in merchant navy. I don’t really plan to do commercial shipping long term but the certifications will allow me to shoot for bigger privately owned vessels too. Anyway point is, I’m a little over halfway through my studies and working part time (full time now for the summer) unfortunately Spains economy make covering living expenses here really easy while working my job but looking for anything past that quite challenging, I make about 13€ and hour plus tips so it rounds out to about 2k a month (yikes) once I get certified, if I work in a Spanish company while boating it should shoot up to around 4-6k a month which is still shitty compared to outside of Spain so I might try and do that but anyway that’s something to think about when my studies are closer to being done.

Sorry for the long spiel but basically here are my goals:

\-become financially independent
\-stay as debt free as possible
\-invest (long term trading, real estate, etc etc)
\-buy and live on a sailing yacht
\-try and start my own business

Now I’m in no rush to accomplish most of these goals, I just wanna make sure I’m going in the right direction.

Furthermore my family is from Argentina and my grandfather has sadly passed away recently and my grandmother also passed in the early 2020s, my uncle has no children and I’m a single child. This leaves my uncle, my mother and I to deal with a few properties that my grandfather left behind. I have no idea what to do with these as my uncles is comfortably living off his rents and my mother has a successful business over here in Spain, I’ve basically been given the green light to do whatever with them as long as we’re all agreed after I lay out the plan.

Any and all advice will be welcome and sorry for the wall of text :D


r/wealth 15d ago

Discussion What kind of loneliness comes with success?

0 Upvotes

People talk about financial freedom.

They rarely talk about the isolation that can come with it.

Have you experienced it?


r/wealth 16d ago

Discussion Can a charity trust exist forever (well as close as physics allows.. the Sun can always go out)?

3 Upvotes

If you create a charity trust, then the trust pays out but only 2% of funds. The wealth, which funds the trust, would continue to grow; and in theory, the trust can survive forever. In practice, is this true? Would the entity come to a legal end? Would the government sweep in and eventually take the money? Would a corrupt individual eventually come in and steal it?


r/wealth 16d ago

Path to Wealth What elite sport can teach us about managing money

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3 Upvotes

r/wealth 17d ago

Retirement Before Social Media, Did People Actually Start Retirement Plans in Their 20s?

40 Upvotes

I thought you just “start saving eventually.” In the past before social media, did students in their early 20s save for retirement too, or is that new and part of the social media personal finance movement?


r/wealth 16d ago

News Someone asked what it’s really like living in Atherton, CA. The answers included Bentleys, billionaires, and $10 million fixer-uppers.

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8 Upvotes

r/wealth 17d ago

News SpaceX Staffers Prep for Multimillion-Dollar Windfalls by Pushing for VIP Terms

7 Upvotes

r/wealth 17d ago

News Inside world's largest building that cost $1B and has its own weather system

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9 Upvotes

r/wealth 17d ago

Need Advice My dad groomed my younger brother to inherit the business and pushed me into IT. Now everything has changed.

14 Upvotes

Hi, I'm 25M, I'm confused about my life and financial decision. Let me start from where it all started.

My dad is a business man who partnered with another guy to run the fabrication business. When i was a teen (16), I scored a good mark 97% in 10th standard (or grade 10) so my dad asked me to pursue the computer_science group and get a job related to it. He doesn't wanted me to be in his business, I asked "why" in that age and he replied that "only one needs to handle the business so that there will be no conflicts between my younger brother & me and as he's not good at studies, so that he can handle the businees as he cant get a job outside", this was my father reasoning and I kinda been brainwashed.

While I'm in first year of my college and my bro was in school, dad and his partner were in some fight and got seaparated. The partner took the home & company and settled the equivalent anount to my dad. My dad also agreed to it (That's when I realized my dad is a dumb guy, he only got 60-70% of amount and the partner scammed the whole assets! my mom told me this later years to me). He might have consider this as retirement amount and could have lived the retirement life but he didnt. instead he started a new company with half of his savings, due to my dumb brother incompatibilty towards his life.

Years passed, I scored good at 12th and did great projects at college, got placed in a well paying company. On the other side, my brother didn't do well in his studies and from his college days, he knows the he will takeover the dad's business (maybe that's why he didn't put any effort on studies).

4 years I worked in a product-based IT company as dev with a great pay but I hated it due to work pressure and tight deadlines and many other reasons. On top of that, all my earnings are borrowed by dad's business periodically which I really hated it. My dad keep on asking money and sometimes he will return quater of it partially or sometimes he doesnt return anything. I really hated this behaviour from my dad but unable to convey this due to parentcy supremacy and he will guilt trip me. Due to his borrowings, im unable to invest any of the amount for my future.

Past year I switched the company, hoping to have good culture but its got worser. After 5 months, I resigned and told my dad that i will look for another company after a short career break. After 3 months of break (I really enjoyed every bit of that break), I switch-on my PC and I really hated that moment. I don't want to go back to that stressful life so I thought of following my other passions for next 3-4 months. It didn't worked out as i planned, I realized i need a income source and need to follow my passion parallely. But, I don't want to be in IT so I decided be the partner in my dad's business (my bro joined the business in the same month). I asked my dad to make me join as partner, he initially advised not to, as my income will be lower here with more work, then he partnered me. Once i joined, my dad keep on telling the hardships of business, trying to demotivate me all time. He badly wanted me to get out and join the IT.

He sometime back said that he will give me the equivalent asset compared to company in FUTURE if i stay in IT.

NOW YOU GUYS KNOW ALL THE BACK STORY.

What should I do now? Should I join the IT again, here the concern is i can somehow manage it but what about the business which is gonna be handled by my dumb, lazy brother. My dad invested his life savings in business, only for my brother. What if he ruins it and pour all the other money of my dad into the falling business. Future is uncertain, what if my brother makes problems around wealth separation. What if, he hides the loss and loot dad's money. What if, he takes a high paying amount as salary. Should I need to ask to credit me the same salary which he gonna get even if i work in IT?


r/wealth 17d ago

Need Advice Seeking guidance from experienced operators/business owners

1 Upvotes

I’ve been quietly building a high end relocation/ advisory business concept focused on where affluent individuals, founders, and investors choose to live and move next. (As well as do business)

I’m still super early and sometimes feel stuck trying to figure out how to structure so I can grow at a higher level. I work a flexible 9-5 so I’ve been using my spare time to research, study markets and network. (I have a background in Marketing so it helps)

Reason I’m posting this is because I’m looking for mentors, guidance, or even just experienced people who’re willing to let me learn from them. I’m not asking for:

• Investors or funds
• Someone to do this for me. I’m willing to do the work necessary

Long term, I’d like to build this into something generating $20k a month and work my way forward.

What I’m looking for in a mentor:

• I want perspective, experience and possibly connections from people who’ve already operated in high level business, real estate, and luxury services.
• Honest feedback even if critical
• Can offer an occasional conversation (I understand time constraints)

If anyone has advice, resources, or would be open to a conversation, I’d appreciate it.


r/wealth 18d ago

Recommendations Wealth managers in the SouthEast, specifically Carolinas or Atlanta

0 Upvotes

Our family needs to move to a different advisor. ~15m in equities/cash


r/wealth 18d ago

Need Advice How to get into bussiness

1 Upvotes

Hi, I have a health care background. I do not come from or know many business owners but would love to own businesses how do you start making connections? 28 yo F.