- I'm not waiting till I die. I wanna watch my kids enjoy their wealth. - When did you personally hit a billion dollars.- Probably. - Did it make you want to get rich. - No.- Really. They say it's rude to ask what things cost, but, as a Wall Street Journal reporter, that's literally the only thing I wanna know. How much is your watch collection worth.How many million. - We're all allowed one vice, aren't we. - Kenn Ricci is the man behind an empire of private jet companies, including Flexjet.He doesn't just ...

A wise man once told me, "Scrolling kills purpose, comfort kills courage, pride kills growth, envy kills gratitude, distraction kills wealth." Watch this again, but reverse the words. Comment when you get it. ...

If your goal is to become financially independent at a young age, this is a very controversial thing to say, you probably don't want to go buy a house because people typically buy a house that can't possibly afford. The bank wants you to do that cuz that's how they make the most money. So, you're putting your capital into that house and now it's not going to be earning thing. It's going to be sitting idally.And people say, "Well, you know, I can buy this house cuz my mortgage is the same as my rent." Well, ...

Core Insights - High income does not guarantee financial stability, as evidenced by a Goldman Sachs survey indicating that 40% of individuals earning over $300,000 live paycheck to paycheck [1] Group 1: Common Financial Mistakes - High earners often confuse liquidity with wealth, leading to poor financial decisions [3] - Many invest heavily in speculative assets or personal businesses without maintaining sufficient cash reserves for taxes or market corrections, resulting in forced asset sales at low prices [4] - Underestimating risk concentration is prevalent among high earners, who often tie their financial well-being to their income sources [5] Group 2: Investment Behavior - High earners frequently adopt a saver mentality, keeping large sums in low-yield accounts due to fear of market volatility, which can lead to value erosion from inflation [7] - Real wealth is achieved through a balanced investment strategy that includes equities for growth, property for diversification, and alternative assets for stability [8]

"Wealth is measured in decades, not candlesticks."A reminder as we enter bitcoin's second month of sideways, mundane chop.Lengthen your time horizon.Horizon (@JoinHorizon):"Wealth is measured in decades, not candlesticks."Bitcoin is quiet right now.A month of sideways chop has everybody tuning out the charts and adjusting their time horizons. Frankly, it couldn't have come at a better time of year.During the holidays, we pause, reflect, and https://t.co/GbsnZWduNu ...

The tiny North Carolina village where America’s wealthiest go to fly under the radar. https://t.co/uoUm9HNrmp ...

The only place to be if your looking to level upWealth Group (@WealthGroup):Nothing speaks louder than our community. Here is what members are saying about @WealthGroup in our Discord 🔥 https://t.co/PjRba7FjtZ ...

Okay. What is a bubble. A bubble occurs when there's an enormous amount of increase in wealth relative to money.It's it's important to understand the difference between wealth and money. Wealth is easy to create. Like now um and in other times, what you do is that let's say you raise uh $50 million for a billion dollar company.then you're a billionaire and the um company's worth a billion dollars, but nobody's really paid anything like that. And so wealth is something that uh rises, but you haven't material ...

Tax Policy & Reform - The discussion revolves around potential tax reforms, specifically addressing loopholes that allow the wealthy to avoid taxes, such as the death tax (estate tax) [1][2] - Closing tax loopholes for the ultra-wealthy could significantly contribute to funding the government, addressing national debt, and maintaining entitlements [1] - The current tax code allows some wealthy individuals to avoid paying taxes by living off loans, which are secured by their assets [5][6] - There's a sentiment that the tax system is rigged, leading to distrust in government and a feeling of unfairness, especially among younger generations [9][11][13] - Past efforts to reform the tax code and address entitlement issues have failed due to political gridlock and resistance from various constituencies [1][13] Wealth & Income Disparity - The disparity in wealth and the perception that the ultra-rich are not paying their fair share of taxes fuels anti-capitalist sentiment [8] - Examples like Jeff Bezos taking a $4,000 child tax credit when worth $18 billion highlight the perceived unfairness of the tax code [3] - The wealthy can avoid taxes by not selling stock and living off loans, effectively being subsidized by those with W2 income [5][7] Political Landscape - Republicans have historically been resistant to raising new revenue through taxes [1] - There is little appetite in Congress to adjust taxes, with past attempts to close loopholes being easily squashed [1] - The government's priorities, such as raising taxes on university endowments, may not align with public sentiment [13]

Market Trends - Indian art market is experiencing a boom driven by new, confident wealth from Mumbai to Surat [1]