3 ms·

For the less altruistic angle: https://www.reddit.com/r/AskReddit/comments/2s9u0s/what_do_insanely_wealthy_people_buy_that_ordinary/cnnmca8/ https://www.reddit

For the less altruistic angle: https://www.reddit.com/r/AskReddit/comments/2s9u0s/what_do_insanely_wealthy_people_buy_that_ordinary/cnnmca8/ https://www.reddit.com/r/AskReddit/comments/2s9u0s/what_do_i...

LouisSayers 8y ago
Wow, thanks for posting!
- spectrum1234 8y ago
  That first answer is so good. These are those needle in a haystack gems on Reddit these days.
shafyy 8y ago
Wow. This is an excellent thought experiment to picture being super rich: > PERSPECTIVE. The wealthiest person I have spent time with makes about $400mm/year. i couldn't get my mind around that until I did this: OK--let's compare it with someone who makes $40,000/year. It is 10,000x more. Now let's look at prices the way he might. A new Lambo--$235,000 becaome $23.50. First class ticket internationally? $10,000 becomes $1. A full time executive level helper? $8,000/month becomes $0.80/month. A $10mm piece of art you love? $1000. Expensive, so you have to plan a bit. A suite at the best hotel in NYC $10,000/night is $1/night. A $50million home in the Hamptons? $5,000.
- alexpetralia 8y ago
  Who makes 400mm _per year_? This feels similar to converting 1 day of revenue into an "MRR" number. [Edit] To be fair, these people probably exist, but they are very, very few (far higher than any banker or celebrity).
  - lazyjones 8y ago
    > Who makes 400mm _per year_? People who own > $8b, so a few 100, plus some more whose businesses are doing really well.
  - shafyy 8y ago
    That's not the point. You can also do it with $100m or $10m and it will still blow your mind.
tsunamifury 8y ago
I always found this take a bit unbelievable as the details are off here. Most people in the $1m/y bracket can already live what this person claims is the $10-30mm liquid bracket. You can also net-jets it and fly anywhere first class just fine. Heck I'm in the sub 1m/y bracket and I already have access to any suite I want in most any city, and can get most any car if I want and fly first class. At the 10-30mm liquid bracket you are quite rich and can already buy any car you want, most homes based on income (3-5m/y+). Already at this bracket you can ALREADY call and talk with local and state level politicians regularly. And if you are a real smart mover, national politicians occasionally. After that you get bigger boats, bigger yachts and maybe more headaches around international trade issues and regulations, but broadly not much else. You can indulge in some things you maybe can't get at the lower level -- but the brackets this person made up seem fictional. The major differences are your ability to invest and create companies/non-profits with little effort.
- drew1492 8y ago
  That comment is using net worth, not yearly income, as the yardstick.
  - tsunamifury 8y ago
    If you look closely I delineate that in my comment as that’s why some of those brackets are off.
maxehnert 8y ago
This guy is still active on reddit too. If you look at the user profile. He's made a few posts over the years I guess on this. Also apparently he was a male model in case any of you think you might be so fortunate as to so day share his experiences ;)

LouisSayers 8y ago

Wow, thanks for posting!

spectrum1234 8y ago
That first answer is so good. These are those needle in a haystack gems on Reddit these days.

shafyy 8y ago

Wow. This is an excellent thought experiment to picture being super rich: > PERSPECTIVE. The wealthiest person I have spent time with makes about $400mm/year. i couldn't get my mind around that until I did this: OK--let's compare it with someone who makes $40,000/year. It is 10,000x more. Now let's look at prices the way he might. A new Lambo--$235,000 becaome $23.50. First class ticket internationally? $10,000 becomes $1. A full time executive level helper? $8,000/month becomes $0.80/month. A $10mm piece of art you love? $1000. Expensive, so you have to plan a bit. A suite at the best hotel in NYC $10,000/night is $1/night. A $50million home in the Hamptons? $5,000.

alexpetralia 8y ago
Who makes 400mm _per year_? This feels similar to converting 1 day of revenue into an "MRR" number. [Edit] To be fair, these people probably exist, but they are very, very few (far higher than any banker or celebrity).
- lazyjones 8y ago
  > Who makes 400mm _per year_? People who own > $8b, so a few 100, plus some more whose businesses are doing really well.
- shafyy 8y ago
  That's not the point. You can also do it with $100m or $10m and it will still blow your mind.

tsunamifury 8y ago

I always found this take a bit unbelievable as the details are off here. Most people in the $1m/y bracket can already live what this person claims is the $10-30mm liquid bracket. You can also net-jets it and fly anywhere first class just fine. Heck I'm in the sub 1m/y bracket and I already have access to any suite I want in most any city, and can get most any car if I want and fly first class. At the 10-30mm liquid bracket you are quite rich and can already buy any car you want, most homes based on income (3-5m/y+). Already at this bracket you can ALREADY call and talk with local and state level politicians regularly. And if you are a real smart mover, national politicians occasionally. After that you get bigger boats, bigger yachts and maybe more headaches around international trade issues and regulations, but broadly not much else. You can indulge in some things you maybe can't get at the lower level -- but the brackets this person made up seem fictional. The major differences are your ability to invest and create companies/non-profits with little effort.

drew1492 8y ago
That comment is using net worth, not yearly income, as the yardstick.
- tsunamifury 8y ago
  If you look closely I delineate that in my comment as that’s why some of those brackets are off.

maxehnert 8y ago

This guy is still active on reddit too. If you look at the user profile. He's made a few posts over the years I guess on this. Also apparently he was a male model in case any of you think you might be so fortunate as to so day share his experiences ;)