3 ms·
I worked for over a decade at a large trust company. The lifestyle difference between 1.2 and 20 million in assets are not similar. $1.2 million is comfortabl
by 300bps 5y ago
I worked for over a decade at a large trust company.
The lifestyle difference between 1.2 and 20 million in assets are not similar.
$1.2 million is comfortable and $20 million is generational wealth. Many people who have that level of assets are part of a multi family office that will literally do your chores for you.
https://www.wsj.com/articles/SB10001424127887323551004578441002331568618 https://www.wsj.com/articles/SB10001424127887323551004578441...
- gowld 5y agoSo, exactly howm many grains of rice make a pile? Of course wealth is a gradient, and any buckets are approximations.