4 ms·
Anyone with a net worth over about 100m (and many a fir chunk lower) isn't working for money anymore. He hasn't retired to enjoy his wealth is imo because the
by Ntrails 5y ago
Anyone with a net worth over about 100m (and many a fir chunk lower) isn't working for money anymore. He hasn't retired to enjoy his wealth is imo because the jobs selection bias excludes the sorts of people who would do that
- cableshaft 5y agoYeah I think once I got to like, 10 million I'd just pull a Joe Rogan and do whatever I felt like at that point and not work a proper job anymore. And I'm a long way away from getting that, unless one of my investments pulls a GME or something.
- ecshafer 5y agoThat's a good point. Most people that would retire at $100M would probably retire at $10M, and thus wouldn't make it to that $100M level.
- heavyset_go 5y agoI don't really think this is true. They can end up spending a lot of that 100m on a car collection.
- cableshaft 5y agoI'm not too greedy. Give me enough money I won't feel too guilty spending a half million on a Lagoon 40 catamaran and a quarter million on a Lamborghini Huracan and enough for a single-family beach house on Lake Michigan or Lake Superior, (and enough investments I can 4% withdraw about 70k a year) and I'll be satisfied.
- heavyset_go 5y agoI agree, I just disagree that they aren't working for the money.
- antpol 5y agowhen you get to a point of getting a car collection, you don't spend you start to invest in car collection, hence why you shift buying preferences to exotics with good track record of appreciating in value and simply lease everything else