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Confessions 3w
My mom is a second generation multimillionaire
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Anonymous 3w

ok well share…

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Anonymous 3w

not to be a dick, but a million dollars is not that much money in this day and age. you’re going to have to be prepared to invest responsibly and work to support yourself. lock in the financial advisors, tax consultants, etc. at the rates your family has.

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Anonymous replying to -> #1 3w

Share what?

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Anonymous replying to -> #2 3w

That is definitely a lot in today’s day and age

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Anonymous replying to -> #2 3w

To be clear, I said multi. Like many millions. Per generation. It’s plenty

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Anonymous replying to -> OP 3w

no, but a million at a time just as a metric, i mean. it’s about 150k a year to live comfortably near a major us city, so each million gets you about six years before inflation, before supporting anyone else, and before the taxes people have to pay to gift you that money. and the more money it is, the more estate/endowment/trust/gift/etc. taxes there will be. unless it’s like hundreds of millions, i promise it’s not as much money as you probably feel like it is now.

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Anonymous replying to -> OP 3w

so if you’re a college student, you’d probably spend 7.5M in the rest of your life if everything was paused right here in inflation, but it’s not. if inflation continued at the rate it’s been at since people who are now 60 were college aged, that’d be 25M, but it’s happening way faster.

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Anonymous replying to -> #2 3w

25M to get to 60, sorry. more if you factor in life expectancy.

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Anonymous replying to -> #2 3w

Lmao funny. Pick the most expensive living conditions with zero investments or growth

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Anonymous replying to -> OP 3w

My mom made 300k off of investments in the last quarter. And we don’t live downtown in the middle of a city

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Anonymous replying to -> #1 3w

Share what 🥺

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Anonymous replying to -> OP 3w

Money duhh! Jk tho

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