High TC folks, what do you do with your $$?

Feb 26 117 Comments

Other than housing and investing how do high TC blinders (Let’s say >300k, but anyone can answer) spend their $$?

I have a craft beer obsession and buy too many Apple products. Used to travel but after having a kid + pandemic it’s been a while since I did that.

TC: ~500k

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TOP 117 Comments
  • Majority goes into country’s development.
    Feb 26 4
  • Honestly after have 2 kids and buying a house it doesn't feel like it is all that much anymore! I am putting about 40% into retirement savings, needlessly rebuild my computer every few months, and do a lot of work on my house right now
    Feb 26 5
  • Square
    IwTu60

    Go to company page Square

    IwTu60
    Travel pre pandemic. Do a lot of angel investing now.
    Feb 26 9
    • Google
      Sweeest!

      Go to company page Google

      Sweeest!
      hmm did you mean 20% for carry?
      Feb 26
    • Square
      IwTu60

      Go to company page Square

      IwTu60
      Yes sorry, 20% carry. I don’t believe I’ve done any deals that are not at 20. Management fees differ a bit, I’m an LP in a couple funds at 2%, with SPVs it’s just a dollar amount per deal, and obviously no fee or carry for writing a check directly to the company.

      To be perfectly frank, my investment thesis is about exposure to the asymmetric upside of angel/venture deals and I don’t think too much about the fees. I’m hoping these things go 500x. I worry more about that sort of details in my trad portfolio more.
      Feb 27
  • Amazon
    NYCEM

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    NYCEM
    Hopefully a supercar in 2023

    Household income 900k (my TC 575k)
    Feb 26 8
    • Google / Eng
      DsVW55

      Go to company page Google Eng

      PRE
      Amazon
      DsVW55
      I own a BMW 5 series.

      There’s no way that owning a McLaren/Lambo is cheaper. Prove me wrong and I’m going to buy one today.
      Feb 26
    • Amazon
      sD67zGq

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      sD67zGq
      It wasn't an apples to apples, I more meant that owning a used super car for 6 months is about same cost if you bought a new 5 series and sold it under a year later
      Feb 27
  • New
    tysbmosb

    New

    tysbmosb
    got myself a porsche the other day ✌🏼
    Feb 26 9
    • Amazon
      leet 4 pip

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      leet 4 pip
      value proposition 😂 dude you are living once, and your current age is only once. live a little. theres no rebirth
      Feb 27
    • New
      tysbmosb

      New

      tysbmosb
      ^^ although i would not have bought if my TC <500 cause me is responsible
      Feb 27