so there is a Billionaire Channel on youtube

The money would be nice, but I would be miserable. At that level you need a security team and have to roll with an entourage. All kinds of broads would be throwing themselves at you, which is good. But then they will all be trying to get knocked up, etc. You would not have any real friends because they all work jobs. I'm not the type who wants to go play polo with other billionaire assholes. Everyone you come in contact with wants something from you, etc.

 

Why would an entourage be needed? And a security team would only be necessary if people know explicitly who you are. I could see perhaps an armored vehicle just to be on the safe side, but otherwise, keeping a low-key is what would be most important I think.

My biggest fear would be kidnapping and extortion.

 

This!

 

I amazed the amount of personal info posted on instagram/FB etc about what people have and where they can be easily located,pictures of their kids, places of work,etc., very sloppy IMO.

Dan Bilzerian had his house broken into a few weeks back after he posted he was going to Vegas for a weekend.

Call it being cautious, situation awareness or just paranoia there is alot of people with bad intentions on the net.

Too many nieve people posting now, unfortunately itis bound to happen one day. People flaunting their luxuries in front of others; low income individuals, convicts, international criminals who have nothing to loose and sole existence is for criminal enterprise. They are few but they do exist.

 

Maybe this movie I saw along time ago ingrained this into my memory:

 

 

 

Nothing wrong with flossing if done with precautions in mind.

 

I agree low key is the best.

This. Somehow over the last decade I've become surrounded with foreign billionaires and am in business with one. My experience is that they're all (at least the ones that I know) literally miserable, have screwed up children and extended families and at least three of them live like fcuking misers.

 

I had a dinner meeting with one last Tuesday, when we were done, she ordered enough food to go for a week and ate whatever was left on my plate. She lives alone in a $300k apartment and always sticks my ass with the bill.

 

 

Russian by any chance?

If you were a miserable prick with only $10K in your account, you would still be a miserable prick with $5 billion. Probably even a bigger prick and more miserable.

 

Not true, big money bring a lot of hatred, animosity and envy from the most subtle people, tons of haters out there.

I dont think money changes the person (in most cases) it is how people treat you differently behind your back.

Most people wont be happy with a persons success when they are struggling..

I highly suggest everyone on this forum reads this book. I thought of doing an LP bookclub thread, and this would be the first one to go.

 

http://www.amazon.com/The-Gift-Fear-Gavin-...r/dp/0440226198

 

 

 

Fortis, for stress, one thing that I've arrived at is being able to manage expectations. I'm the type of guy who envisions success and then goes for it, which is a double edged sword is the vision is too good, and reality isn't. Being able to understand the expectations, then understand the realistic outcome, and accept the difference is weight off the shoulders. This is why I try to meditate, it allows you to get calm and say 'fcuk it' but not in a defeatist way, if that makes sense.

Gonna copy & paste Wheels' here, but should be good read

 

This is copy and pasted from a smilier thread.  I don't know how to link directly so forgive me for any reddit posting taboos.  u/Thrackerz0d responded with this information about the ultra rich. 

 

/u/a1988eli gave the best answer I have ever seen on this subject and I don't think anything can top it:

I can answer this one. For some reason, I attract these people into my life. I don't do anything super extraordinary. I am not famous. But I count many peoplewith ultra high net wealth among my close friends and I have spent more time than even I can believe with 8 different billionaires. This is not just meet-and-greet time. This is small group and even one-to-one time. I dated the daughter of one billionaire several decades ago. So I have gotten a peek into this life.

Let's get one thing out of the way. There are gradations of rich. I see four major breaking points:

Worth $10mm-$30mm liquid (exclusive of value of primary residence). At this level, your needs are met. You can live very comfortably at a 4-star/5-star level. You can book a $2000 suite for a special occassion. You can fly first class internationally (sometimes). You have a very nice house, you can afford any healthcare you need, no emergency financial situation can destroy your life. But you are not "rich" in the way that money doesn't matter. You still have to be prudent and careful with most decisions unless you are on the upper end of this scale, where you truly are becoming insulated from personal financial stress. (Business stress exists at all levels). The banking world still doesn't classify you as 'ultra high net worth'

 

Net worth of $30mm-$100mm

 

At this point, you start playing with the big boys. You can fly private (though you normally charter a flight or own a jet fractionally through Net Jets or the like), You stay at 5 star hotels, you have multiple residences, you vacation in prime time (you rent a ski-in, ski-out villa in Aspen for Christmas week or go to Monaco for the grand Prix, or Canne for the Film Festival--for what its worth, rent on these places can run $5k-20k+ per NIGHT.), you run or have a ontrolling interest in a big company, you socialize with Conressmen, Senators and community leaders, and you are an extremely well respected member in any community outside the world's great cities. (In Beverly Hills, you are a minor player at $80 million. Unless you really throw your weight around and pay out the nose, you might not get a table at the city's hottest restaurant). You can buy any car you want. You have personal assistants and are starting to have 'people' that others have to talk to to get to you. You can travel ANYWHERE in any style. You can buy pretty much anything that normal people think of as 'rich people stuff'

 

$100mm-$1billion

 

I know its a wide range, but life doesn't change much when you go from being worth $200mm-$900mm. At this point, you have a private jet, multiple residences with staff, elite cars at each residence, ownership or significant control over a business/entity that most of the public has heard of, if its your thing, you can socialize with movie stars/politicians/rock stars/corporate elite/aristocracy. You might not get invite to every party, but you can go pretty much everywhere you want. You definitely have 'people' and staff. The world is full of 'yes men'. Your ability to buy things becomes an art. One of your vacation home may be a 5 bedroom villa on acreage in Cabo, but that's not impressive. You own a private island? Starting to be cool, but it depends on the island. You just had dinner with Senator X and Governor Y at your home? Cool. But your billionaire friend just had dinner with the President. You have a new Ferrari? Your friend thinks their handling sucks and has a classic, only-five-exist-in-the-world-type of car. Did I mention women? Because at this level, they are all over the place. Every event, most parties. The polo club. Ultra-hot, world class, smart women. Power and money are an aphrodisiac and you have it in spades. Anything thing you want from women at this point you will find a willing and beautiful partner. You might not emotionally connect, but damn, she's hot. One thing that gets rare at this level? friends and family that love you for who you are. They exist, but it is pretty damn hard to know which ones they are.

 

$1billion

 

I am going to exclude the $10b+ crowd, because they live a head-of-state life. But at $1b, life changes. You can buy anything. ANYTHING. In broad terms, this is what you can buy:

Access. You now can just ask your staff to contact anyone and you will get a call back. I have seen this first hand and it is mind-blowing the level of access and respect $1 billion+ gets you. In this case, I wanted to speak with a very well-known billionaire businessman (call him billionaire #1 for a project that interested billionaire #2. I mentioned that it would be good to talk to billionaire #1 and B2 told me that he didn't know him. But he called his assistant in. "Get me the xxxgolf club directory. Call B1 at home and tell him I want to talk to him." Within 60 minutes, we had a call back. I was in B1's home talking to him the next day. B2's opinion commanded that kind of respect from a peer. Mind blowing. The same is true with access to almost any Senator/Governor of a billionaires party (because in most cases, he is a significant donor). You meet on an occassional basis with heads-of-state and have real conversations with them. Which leads to

Influence. Yes, you can buy influence. As a billionaire, you have manyways to shape public policy and the public debate, and you use them. This is not in any evil way. the ones I know are passionate about ideas and are trying to do what they feel is best (just like you would). But they just had an hour with the Governor privately, or with the Secretary of Health, or the buy ads or lobbyists. The amount of influence you have can be heady.

Time. Yes, you can buy time. You literally never wait for anything. Travel? you fly private. Show up at the airport, sit down in the plane and the door closes and you take off in 2 minutes, and fly directly to where you are going. The plane waits for you. If you decide you want to leave at anytime, you drive (or take a helicopter to the airport and you leave. The pilots and stewardess are your employees. They do what you tell them to do. Dinner? Your driver drops you off at the front door and waits a few blocks away for however long you need. The best table is waiting for you. The celebrity chef has prepared a meal for you (because you give him so much catering business he wants you VERY happy) and he ensures service is impeccable. Golf? Your club is so exclusive there is always a tee time and no wait. Going to the Superbowl or Grammy's? You are whisked behind velvet ropes and escorted past any/all lines to the best seats in the house.

Experiences. Dream of it and you can have it. Want to play tennis with Pete Sampras (not him in particular, but that type of star)? Call his people. For a donation of $100k+ to his charity, you could probably play a match with him. Like Blink182? There is a price where they would simply come play at your private party. Love art? Your people could arrange for the curator of the Louvre to show you around and even show you masterpieces that have not been exhibited in years. Love Nascar? How about racing the top driver on a closed track? Love science? Have a dinner with Bill Nye and Neil dGT. Love politics? have Hillary Clinton come speak at a dinner for you and your friends, just pay her speaking fee. Your mind is the only limit to what is available. Because donations/fees get you anyone.

 

The same is true with stuff. You like pianos? How about owning one Mozart used to compose music on? This is the type of stuff you can do.

 

IMPACT. Your money can literally change the world and change lives. It is almost too much of a burden to think about. Clean water for a whole village forever? chump change. A dying child need a transplant? Hell...you could just build and fund a hospital and do it for a region.

 

RESPECT. The respect you get at this level is just over-the-top. You are THE MAN in almost every circle. Governors look up to you. Fortune 500 CEOs look up to you. Presidents and Kings look at you as a peer.

 

PERSPECTIVE. The wealthiest person I have spent time with makes about $400mm/year. i couldn't get my mind around that until I did this: OK--let's compare it with someone who makes $40,000/year. It is 10,000x more. Now let's look at prices the way he might. A new Lambo--$235,000 becaome $23.50. First class ticket internationally? $10,000 becomes $1. A full time executive level helper? $8,000/month becomes $0.80/month. A $10mm piece of art you love? $1000. Expensive, so you have to plan a bit. A suite at the best hotel in NYC $10,000/night is $1/night. A $50million home in the Hamptons? $5,000. There is literally nothing you can't buy except.

Love. Sorry to sound so trite, but it is nearly impossible to have a normal emotional relationship at this level. It is hard to sacrifice for another person when you are never asked to sacrifice ANYTHING. Money can solve all problems for someone, so you offer it, because there is so much else to do. Your time is SOOOO valuable that you ration it. And that makes you lose connections with people.

Anyway, that is a really long answer, but I have a very unique perspective because I have seen behind the curtain of the great and mighty OZ. just wanted to share.

That perspective really puts it into.. well.. perspective.

Gonna copy & paste Wheels' here, but should be good read

wow great article.. I have a couple of friends that fall into the high bracket and the one thing that really surprises me is how they watch every dollar that goes out. but I guess that's how they got to these levels. they LOVE to negotiate and get a great deal no matter what it is.

Anyone that is wealthy will tell you that making money is the easy part, hanging on to it is way harder. The moment the word gets out that you are person of substance, there are line ups of people who will pitch you just about anything just to get hold of your money. And that is why a lot of wealthy people isolate themselves from the rest, you get tired of freeloaders and hangers on.

Having said that, anyone who says money doesnt buy happiness doesnt have any and never had any. It does not, but it is 99% and rules the world.

hanging on to it is way harder

money evaporates like water in the Sahara

Anyone that is wealthy will tell you that making money is the easy part, hanging on to it is way harder. The moment the word gets out that you are person of substance, there are line ups of people who will pitch you just about anything just to get hold of your money. And that is why a lot of wealthy people isolate themselves from the rest, you get tired of freeloaders and hangers on.

Having said that, anyone who says money doesnt buy happiness doesnt have any and never had any. It does not, but it is 99% and rules the world.

spot on!

Well written article and mostly accurate but it only applies to the North American world at large. I don't know enough to comment on the European world but with true royalty and aristocrats, I'd imaged it's a bit different. In the Asian world, Oriental in particular, it would be quite different.

Well written article and mostly accurate but it only applies to the North American world at large. I don't know enough to comment on the European world but with true royalty and aristocrats, I'd imaged it's a bit different. In the Asian world, Oriental in particular, it would be quite different.

 

 

Interested to hear about the latter if you care to expand.

Wanted to chime in an say A+ thread. Always enjoy reading about other's mentalities about life, wealth, privacy, etc... So, thank you to those that have contributed.

Well written article and mostly accurate but it only applies to the North American world at large. I don't know enough to comment on the European world but with true royalty and aristocrats, I'd imaged it's a bit different. In the Asian world, Oriental in particular, it would be quite different.

 

I sent this to a friend and he said the exact same thing....that it was clearly an American viewpoint.

 

How the Asian world is very low key generally speaking and stay within their circles.

 

"German wealth, very, very low key."

Anyone else sad that 10-30MM is not baller lifestyle? Public flights? Damn. 30k millionaires probably look like they're balling harder

Mo' money, mo' problems....

 

There was a time when our house kitchen got flooded and we had to move to a rinky dink hotel for a few weeks. Funny the small cramped space for 6 people got us real close.

I keep telling my wife we need to move to a smaller house (with a 10 car garage) so our family will get closer 😊

Anyone else sad that 10-30MM is not baller lifestyle? Public flights? Damn. 30k millionaires probably look like they're balling harder

 

Not really. I think in some ways it's good to have to always be grounded on some level unless you have 3 months to live or something.

 

Have you ever flown internationally on business (let alone first)? That is the s***, esp. on Delta, Emirates. To "need" much more than that seems like you are no longer part of the civilian world.

 

Domestic you can only do it at that level on a few cross country flights. So I guess if you mostly flew 2-3 hour flights on baby planes you'd clamor for private, since it's really not all that special otherwise on commercial first class .

 

The takeaway I got from the article is that your level of "ballerness" is probably more attributed to your social circle than your actual wealth level. To be an insecure $400 millionaire is unfathomable for most of us, but it makes sense when you roll in that circle and feel this stupid need to keep up with other people in artwork or yachts or whatever. Make the person relatively anonymous and now they're far better off in that aspect. You have to be a billionaire essentially to be beyond Keeping up with the Joneses 100%.

 

Best to be in that 10-30MM range and not feel like Floyd Mayweather all the time.

 

It'll get easier when you get older.

You could always ask Elizabeth Holme to compare and contrast...

Filming a TV vertically? WTF is wrong with people!

You could always ask Elizabeth Holme to compare and contrast...

 

Savage.

Mo' money, mo' problems....

 

There was a time when our house kitchen got flooded and we had to move to a rinky dink hotel for a few weeks. Funny the small cramped space for 6 people got us real close.

I keep telling my wife we need to move to a smaller house (with a 10 car garage) so our family will get closer 😊

 

LOL I love that idea.

This is very funny and it's suited for this thread, the moment I think I've achieved financial freedom.

 

Ever since I discovered the sushi train I thought to myself I want to be rich enough so I don't have to look at how much the damn different color plates cost

 

Nobody likes doing maths in particular while having dinner! I am happy to report that I am definitely extremely wealthy by my standards

This is very funny and it's suited for this thread, the moment I think I've achieved financial freedom.

 

Ever since I discovered the sushi train I thought to myself I want to be rich enough so I don't have to look at how much the damn different color plates cost

 

Nobody likes doing maths in particular while having dinner! I am happy to report that I am definitely extremely wealthy by my standards

 

Dude I'm appalled that you go to sushi places with floating plates!

You need to be going to the exclusive 1 chef places that are invite only, otherwise u po'!