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I don't know how many active millionaires there are in this forum besides MJ, but I am facing new problems since I became one.
One of this, is that I realized I've always wanted to buy a mansion, but a mansion in Europe is around 1.5 million euros.
Second, I might sell my business, but that might be a shit deal in hindsight (bad valuation due to the industry I am in). I just want to exit, however. But that comes with long-term pain. Short-term gain almost always equates to long-term pain and vice-versa.
Third, I fear exiting. I fear not having an income stream, despite the fact I'll have 2-3 millions in net worth. I know why that is. It's because I keep increasing my standards in my mind. I used to believe I would retire in an apartment and live off the stock market, but then realized that's a shitty lifestyle for me. I want to own a nice mansion with a swimming pool, and ever since realized I need more money for that.
I could always start another business, why not. But that comes with risk again and I'd be doing something I enjoy doing, but as we know, passion doesn't always translate to market demand.
I know to many what I am writing sounds crazy, but I am sure that's how people become billionaires. By not being satisfied with being millionaires. In reality, objectively speaking, having 1-3 million in net worth isn't much. You can't even afford a decent yacht with that money.
The thing is, this doesn't feel like financial security to me. I think it's really a tradeoff between lifestyle and security. I could buy an average apartment and technically retire, but I know I would hate my life despite being a millionaire, cause my self-image is conflicting with that lifestyle. I don't want that kind of reality.
I am not saying this is bad, I think many high-achievers have the same mindset. But man, is it stressful. And a bit f*cked up. I think it stems from trauma. Financial and also emotional. Growing up in unstable families. I fear going back to my old life so bad. And growing up in poverty made me fear living an average life even more. Cause I am trying to run away from all that.
One of this, is that I realized I've always wanted to buy a mansion, but a mansion in Europe is around 1.5 million euros.
Second, I might sell my business, but that might be a shit deal in hindsight (bad valuation due to the industry I am in). I just want to exit, however. But that comes with long-term pain. Short-term gain almost always equates to long-term pain and vice-versa.
Third, I fear exiting. I fear not having an income stream, despite the fact I'll have 2-3 millions in net worth. I know why that is. It's because I keep increasing my standards in my mind. I used to believe I would retire in an apartment and live off the stock market, but then realized that's a shitty lifestyle for me. I want to own a nice mansion with a swimming pool, and ever since realized I need more money for that.
I could always start another business, why not. But that comes with risk again and I'd be doing something I enjoy doing, but as we know, passion doesn't always translate to market demand.
I know to many what I am writing sounds crazy, but I am sure that's how people become billionaires. By not being satisfied with being millionaires. In reality, objectively speaking, having 1-3 million in net worth isn't much. You can't even afford a decent yacht with that money.
The thing is, this doesn't feel like financial security to me. I think it's really a tradeoff between lifestyle and security. I could buy an average apartment and technically retire, but I know I would hate my life despite being a millionaire, cause my self-image is conflicting with that lifestyle. I don't want that kind of reality.
I am not saying this is bad, I think many high-achievers have the same mindset. But man, is it stressful. And a bit f*cked up. I think it stems from trauma. Financial and also emotional. Growing up in unstable families. I fear going back to my old life so bad. And growing up in poverty made me fear living an average life even more. Cause I am trying to run away from all that.
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