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by onetimemanytime 2320 days ago
>>"have enough money to have a great quality of life without stress" is how many people define "rich".

sure, but "great" is not easily defined. A new car or a jet? A $500K home or a $15M one to host parties with rich and famous. But people usually like to show off, one way or another.

If you hit it big with a company, and have, say, $10 Million you can live extremely stress free everywhere in the world. And very few would know, at least no one in your town or extended family. But quite a few hint at their wealth, political donations, charity (announce it publicly) etc etc. It's tempting, but once you hit the news is over.

In USA people might sue you for one thing or another, but in banana republic countries you can "taxed" by criminals: Give us $1 Million or your child is...

1 comments

It's very hard to find a life partner who is willing to live merely comfortably knowing they can draw more blood from you, and had to resign your children to mere comfort, knowing they'll have to compete for ever scarcer living-wage-paying jobs.
Merly comfortably? At 10 million dollars, you can live off of 4% of that for the rest of your life. After 15% cap gains, that gives you $340,000 to spend a year. Outside of the bay area, you can easily afford a 5000 square foot house in a top school district, own multiple cars, take lavish vacations, own a second vacation home, pay for your kids college education and more.

What additional benefits are you imagining in which having more money would not "resign your children to mere comfort"?

Ever meet old money? They manage it; that's how they pass their money on through the generations. If you're a tech dude in the Bay Area though, you have my sympathies: many predators.