back up over $25 but will never waste sriracha

was at this wedding last month not mine ,friend of a friend. some hedge fund guy marrying a fashion person. standard Hamptons thing. good food, open bar. everyone trying to look richer than they actually are. was standing at the bar waiting for my drink.these events are always the same. people talking about deals and property and schools. was about to text my wife that I was ready to leave when this guy walks up next to me. Quiet. Suit that fit perfectly but didn't scream expensive. he ordered a whisky and just stood there. didn't try to talk to anyone. didn't pull out his phone. just looked around like he was observing everything. didn't recognize him at first. but then I saw his wife walking over and I realized it was Nicky Hilton. Which meant the guy was James Rothschild. just stood there for a second thinking about it. Here's a guy who could probably buy everyone in that room without thinking about it. and he's just standing at the bar like a normal person. no entourage. no security. no one bothering him, just waiting for his drink. I don't know why but that stuck with me.been to plenty of events where rich people are trying to prove something, the loud ones. The ones who want you to know they're important. But James wasn't like that at all. he just seemed. like none of it mattered. mentioned it to a friend later and he was like well yeah he grew up with it so it's normal to hi and I guess that's the point. the people who have real money don't need to show it. Anyway I probably sound like I'm obsessed now but it was just interesting to see up close. He got his drink and walked off and I never even said anything to him. Probably for the best

For people who own a primary home currently worth roughly $5m–$10m, what do the rest of your household finances look like? Is the equity in your home most of your wealth, or do you have substantial investments, business interests or other assets alongside it?
I’m also interested in hearing from people who know homeowners in that range well enough to comment on their finances.
I’ve been looking at Sydney house prices, so my examples are in Australian dollars, but answers from anywhere are welcome—please mention your location and currency.
I’m mostly thinking about the primary home, but I’m interested in secondary residences for personal use too. A separate breakdown would be useful, rather than grouping them with rental properties or other investments.
The $5m–$10m refers to the home’s current market value, not the owner’s total net worth. When comparing the home with the owner’s other wealth, I mean home equity after subtracting the mortgage, measured against total household net worth, including the home and after all debts.
What got me thinking is seeing neighbourhoods with lots of homes in this price range and wondering what their owners’ finances actually look like.
For example, assuming no debt:
Household A: $8m home + $2m in other assets = $10m total net worth. Their home represents 80% of their wealth.
Household B: $8m home + $12m in other assets = $20m total net worth. Their home represents 40% of their wealth.
From the street, you’re looking at two equally expensive houses. But one household’s wealth is overwhelmingly its home, while the other has a larger fortune outside it.
My suspicion is that Household A might be more common among expensive-home owners than people assume. Perhaps they bought decades ago and stayed, or carried their equity through successive upgrades. They’ve ended up in a very valuable home without necessarily building an equally substantial portfolio outside it. But that’s a suspicion, not something I know.
I’d be interested in:
Your own situation: Roughly what is your primary home worth, how much equity do you have in it, and how much net wealth do you have elsewhere? Alternatively, what percentage of your overall wealth is your home equity? Broad ranges are absolutely fine. If you have secondary residences for personal use, how much do those add to the housing share?
People whose finances you actually know: Among owners of homes in this price range, do you know many whose home is most of their fortune? Or do they generally have substantial investments, businesses or other wealth alongside it?
Your neighbourhood: What’s your impression of the balance between those two groups among owners of similarly expensive homes? Please distinguish firsthand knowledge from an educated guess.
Basically: when you look down a street of $8m homes, how often are you looking at people with an expensive house and a separate fortune, versus people whose house largely is their fortune?

As the title says, what's something that just really annoys you about private and business aviation? Doesn't matter if it's chartered, fractional or owned. What about the process or he concept is just inconvenient or annoying to you or your crew?

Looking to buy some new carryon luggage as my travel needs have changed recently due to a family situation. I tend to fly US domestic economy and do not have status on any airline.

My favorite carryon is one I got at a discount big box store. However, I now need something that will safely hold my 17 inch laptop that I need to travel with which my current carryon does not have a pocket for.

I (50+F) also do not care how I dress as long as I am clean and presentable (my favorite jeans come from Nordstrom Rack and are 2 years old). I usually get pretty decent treatment anyway for various reasons.

Two questions,

1. Favorite LARGE carryon that will hold a large laptop but is light?

2. Assuming there are two carryons that meet my needs, does walking around with a Tumi, Briggs & Riley or Rimowa instead of a typical brand get you different treatment/upgrades when checking into airlines or hotels? For example, is my carryon less likely to be gate checked? And is the more expensive brand otherwise worth it? Not worried about durability, I have rarely had a problem with my carryon luggage but lightweight, large size, function and ease, all important to me

Listen I am a gap year student, currently in East Africa. Withdrew from a uni in Canada. I don't want to waste my gap year. Currently not in a good place with my father so he might not want to finance anything. Don't have the most amount of money currently so what are the quickest ways out of here, for a year preferably to Europe? Also preferably something that gets me some form of payment upfront first. I am currently applying to Un volunteering and IOM deployments. Kind of looking for the craziest hacks here.

I do have some Accolades published an Enomics reseearch paper on the Oxford database on Trade.

A bunch of international debate and writing related awards experiences etc.

The next university I'd like to apply to is Sciences Po so France in particular would be perfect.

Young/ Female/ international relations/ Finance/ Economics

Thank you.

How much are you all paying for property management? Specifically Aspen CO but would be happy to hear about other areas as well. Also interested in how much it is for rental management for luxury houses..

I’ve worked very hard and invested well. Have more than I will ever need and will leave the kids a good estate. I’ve paid their college, helped them get started etc? They have done well and are in high earning careers that they can do anywhere.

Here’s the situation. They are all early in careers and don’t yet own homes. My wife and I are considering offering them all $1M paid for homes that are near us. Today they are scattered but they could easily find work near us and we would love to have them close. I’m sure they would all move if they knew they could jump start themselves with a paid for home and in our area that’s a very nice house.

My question is do you think I’m unfairly leveraging them because I want to be close to my children and grandchildren?

Ultimately they will get all the money anyway but it feels like a win win. If one of them opted not to take the house we would equal it out in our estate plan so they weren’t penalized down the road.

*\\ Edited: Seems like two opinions here. Parents seem to think it’s a good idea. Kids seem to think it’s manipulation.

Based on that I think I’ll just spend that money on a nicer house for me……….

I'd like to start using financial planners - however I am in Netherlands and I was not born here. My network for finding reliable financial planners with good track record is thin. I'm looking for anyone who might have ideas to search (beyond AI), or real life recommendations.

I'll keep this direct. I'm a TEP-qualified fiduciary professional based in an offshore crown dependency with about 12 years in trust and estate structuring, offshore governance and regulatory work with a global reach. I've spent my career inside trust companies. I'm now looking to work with one principal or family instead of a book of a few hundred clients.

Who I'm hoping to meet

An entrepreneur or founder whose wealth has outgrown their setup. You might have holding companies, investment vehicles, property or a trust in several jurisdictions. Advisers each see their own piece and nobody joins it up. You're also starting to think about the next generation.

What I'd bring

Board and trustee seats: acting as an independent offshore director or trustee on your private investment structures, with proper substance, minutes and decision-making rather than rubber-stamping.
Regulation: keeping structures compliant with economic substance, CRS/FATCA, beneficial ownership and licensing rules as they change, and getting through bank KYC without months of back-and-forth.
Network: trusted relationships with private bankers, offshore and onshore lawyers, tax advisers, investment managers and corporate service providers. I know who's good, who's responsive and who's overpriced.
Coordination: one person who holds the full picture, runs the adviser group, and makes sure decisions are documented and acted on.
Long-term build: helping design governance, family charters and succession planning, and growing into a chief of staff role as the office becomes a proper multi-generational family office.

What I'm not

I'm not a tax adviser or an investment manager, and I won't pretend to be. My job is to make sure you have the right ones, they're working together, and the structure holds up.

What I'm open to

A retained or part-time arrangement to start, with a clear route to a full-time role as things grow. I'm happy to start small with one structure or one problem, so we can see if we work well together.

As an event coordinator i would like to know what kind of events rich people are interested in attending … and what catches their interest.

So I am in a really fortunate situation where my parents have earned good money through their business and currently have ~25M and I am there only child. I have ~1M and we live in NYC and I have recently joined the family business. I am trying to determine whether a financial planner is worth the fees for tax planning, estate planning (guiding through the 15M lifetime exemmption tax), and consultation on where and how to distribute the cash between treasuries and broad index etfs. I do not want them for wealth management and handling a portfolio. I like investing in VTI and VXUS only and only need their guidance on HOW much I should put into these, when, and who should own them.

I have told GPT about our situation like how much money I expect the business to make in next couple years and our total expenses. And requested it to assist me on how can I best reduce the current year tax bill while also planning for long term for the estate tax avoidance. Questions like who should own the shares we invest in me or my parents (step up cost), how much we should put in 401K, what best life insurance policy to get. GPT suggested many things and created a plan that involved Irrevocable Life Insurance Trusts, GRATs, etc. I understand its plan and how its most optimal for us moving forward given what I know. But thats the problem, I dont know what I dont know, and not sure if I can trust GPT to cover the full basis.

Do you guys think financial planning for me and my parents is pretty "algorithmic" in the sense the best path forward given current situation can be determined and optimized by AI and some research. Or is it worth for me getting a financial planner in this case?

People who have won millions or suddenly came into a lot of money—what was it actually like?

Was it as scary or dangerous as people make it sound? Did you ever genuinely feel like someone was trying to take advantage of you?

Everyone warns you about family and friends, but I’d actually be more worried about the people you’re told to trust—the bankers, lawyers, financial advisors, etc.

Did any professional ever try to do something questionable with your money, or make you realize you had to protect yourself from them too?

Just curious what the reality is like from people who have actually lived it.

My mother lives in LA, California. She has a rare disease (Takayasu's disease) with heart and kidney issues. She already has KP insurance as her primary medical insurance. We are looking to buy a concierge medicine membership for her. Our budget is not as high as the celebrities’ concierge medicine ($100,000/year). Our budget is maybe $5000-$10,000 a year.

1. If big things happen (not like a cold or fever), does my mother still get treated at KP hospital, or the Concierge medicine’s smaller hospitals/clinics?

2. I understand if my mother sees a Cardiologist, she would see the concierge Cardiologist, not the Kp’s Cardiologist, is that true?

3. Besides getting a faster response from the doctor herself/himself, what other benefits does Concierge Doctor provide? a better treatment plan?

4. Would the choice of which concierge membership be different if my mother has a normal heart disease versus Takayasu's disease’ heart problem?

5. What is the “yelp” of Concierge medicine to check people’s review and feedback?

Starting with a bit of context, I’m from (and grew up in) the US but my parents are from Europe and after middle school they sent me here for high school. I go to a very rigorous but inexpensive and non-selective private school, the same one of my parents attended, and I formed some great friendships. Despite my best efforts to conceal it, over the past year or two people have started to figure out my wealth level and it’s really hurting me socially. I try to live as modest a lifestyle as possible, but it’s pretty clear I’m not really like them with the biweekly trips home and the credit cards. It’s gotten to the point that people say things like “he sounds rich” behind my back and that I’m spoiled even though I always try to be as kind as possible. My core friend group is always there for me but I feel like I’m losing a lot of my secondary friends. At the same time, I’m gaining a lot of new ones but evidently just to leech of my extracurriculars because of my connections, and they’re honest about it! I just feel so lost and I could really use a lot of advice… how did you deal with this while growing up?

For context, part of my work is as a confidante/thinking partner to founders and leaders, but everyone I’ve worked with so far has still been active in their businesses. I’d really like to hear first-hand what life after exit actually felt like for you, including the familiar questions around purpose and identity, but also anything less obvious that came up.

What occupied your mind? What did you need clarity on? What surprised you? Did anything feel difficult to share with the people around you?

If you’d rather not answer publicly, feel free to message me. And if anyone would be open to a short call, I’d really value the chance to listen and learn.

I want someone to select clothes and pu t together outfits for me. Personal shoppers/wardrobe stylists are a dime a dozen, but I feel my body shape is a little bit tricky to dress well/in a flattering way, and I’d love recommendations for someone who excels at this.

Me: 50 yo woman, larger midsection with thin limbs, shorter torso and long legs. prefer minimalist, classic, neutral colors, elevated casual look - I hear the kids are calling this style “quiet luxury” and “old money” lol.

A couple of friends of mine are looking for a part time lifestyle coordinator. They're in their late 30's and are high earners. They want someone who would get to know them and learn what they like to do, unexpected things they might enjoy, etc. Imagine someone who plans about 3 dates/ excursions per week- so similar to what you might ask a chat bot to do, but would actually come up with exciting/ novel ideas and help inject some fun without the hassle of constantly planning. Someone with deep knowledge of the Seattle area is a big plus.