i have always been curious to know whats the rich people doing with their dough ? Are they all celebrating in cancun and buying villas in Carribean. ? what is their lifestyle ? i dont want to see influencers on instagram coz that shit is made up to sell products. im interested in more real life examples ? are they getting massages 24/7 ? are they spending energy in gym ? are they buying one home after another ? into collectibles ? TC 400k
You make 400,000 a year. Why don’t you start?
I just started making that much. Still figuring out a rental place to spend that money
You think you are not rich? Man. Wants know no bounds
You don’t know Bay Area
They save it.
Toilet paper
What's rich? Net worth > $50 million? If so, the handful of folks I know at that level are all still working. They spend most of their time making more money. They all own multiple homes and are generally active in local civic organizations and charities. Some have boxes at the local sports venue (and one has boxes at multiple) Going out for drinks and/or dinner with them almost always costs $400+. If you ran into them on the street, you'd never know some of them had money, while others look like they have money but you'd never guess actual amount.
So what's the point of working if you have more money than you can spend?
They’re working because they have a sense of purpose and direction.
No one on blind is rich
I think the inflation independent definition of rich is a net worth that exceeds what is generally possible to obtain through employment, and which is sufficient wealth to own a nationally recognized businesses that materially impact the economy. "Upper middle class" or "professional class" is the upper end of what you can achieve by employment in the highest paying jobs. Historically doctors and lawyers and small and medium business executives, but now including a few engineers (principals and above). These days if you rise through employment to a director or "level ten" (in Amazon terms) VP position you can easily amass tens of millions in net worth. 50 mil is easily achievable if you are very successful in your employment, you can get promoted to the level. But you really need to be a founder or exec of a top company to break the 100mil mark, so I would say the lower end of upper class starts somewhere around 100mil in net worth and you need a billion at least to be solidly upper class (enough money to own a household brand name business). This number changes with inflation and with structural changes in the economy.
Mostly just invest. Buy some toys. Lots of charity events. Lots of partying under the radar. What specifically do you want to know. In my friend group the joke is you arent really rich until the giving pledge starts inviting you to events.
I Scrooge McDuck my money.
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Finally something to put ChatGPT a run for its money?
Save it. That’s why they are rich!