Once you sustain $3-5m net worth, you are successful. You have what you used to think was F-you money, but nowhere near F-everyone money. The gap between those two is the whole game and you're going to need to make good, compounding decisions to bridge it. Here’s what actually changes at this tier, and how to get to $10m 👇 -Successful, but not retirement money. A 3% draw on $4m is $120k/yr pre-tax. Comfortable in Ohio, tight in Manhattan. You can quit a bad job. You probably can’t quit working especially if you want kids in private schools. -Your income is still your biggest asset. A $300k salary is a $10m portfolio at a 3% draw. Don’t sell it cheap just because you "hit your number" you picked back when things cost half as much as they do now. The world changes fast. -At this level you can afford optionality: risk capacity exists, but stay careful. Focus on things where you can capture upside (and not that 10 leg parlay). A side hustle you own and/or angel checks of $10-25k, not $250k. A zero should sting, not reset you. -Don’t borrow against it. Margin is how $4m becomes $1.5m in a bad quarter. The only good debt at this tier is the 3% mortgage you locked in 2021. At 7+% it's an anchor. Rent > own here. -Fire your advisor. 1% AUM on $4m is $40k/yr, ~52 shares of $SPY every year for a portfolio you could hold yourself. Paying this much for a babysitter with no alpha is not worth it. -Avoid the $4m trap: you feel rich, spend rich, and stay at $4m forever. Lifestyle creep kills more 7figs than bear markets. Make coffee at home. Home cooked meals. Use your credit card points for cashback to add to your portfolio and fly coach instead. -Structures: max everything boring. 401k, backdoor Roth, HSA, mega backdoor if your plan allows, QSBS if you’re early somewhere. Will + revocable trust. That’s the whole estate plan. -Claude Max is 0.06% of your net worth. Still a rounding error. Still no excuse. How to get to the next tier: 👇

Once you sustain $5-10m net worth, you've made it. Almost. Rich enough to be comfortable, poor enough for one bad bet to send you back. Here's what actually changes at this tier, and how to get to $25m 👇 -Self-funding, barely. A 3% draw on $7.5m is $225k/yr pre-tax, ~$150k after. You can quit but probably shouldn't. Earned income is still the cheapest capital you'll ever get plus it’s more reliable.
-Risk capacity is real but finite. A venture bet going to zero is a bad year. Size so the worst case costs you a year or two, not a tier demotion.
-Borrow, carefully. SBLOCs work here, just at worse spreads than the private bank crowd gets. Keep LTV under 20% so a drawdown doesn’t become a margin call.
-Skip the fancy structures. Estate exemption is $15m per person. You don't have an estate tax problem, you have an income tax problem. QSBS, solo 401k, tax-loss harvesting, no state tax residency or Puerto Rico if extreme/mobile. Boring, cheap, compounding.
-Claude Max is 0.03% of your net worth. Fading the singularity at this tier is a choice. How to get to the next tier: 👇

was also great R:R from the top the issue is that trading shorter term/tactically against the prior trend is poorly understood and often taken out of context by the majority who would never attempt such a trade as such, there isn't much point in posting about it. at best you are right and people still get mad. at worst you are wrong, get stopped, and get called a r3tarded f4ggot coper. The posting R:R is simply not there for shorts/bearish views unless you're confidently hitting a major [mini]cycle top many ways to skin a cat #trading#

One of the worst parts of CT is you can give advice as generic as “pay yourself and enjoy the $” and you’ll still have ppl calling you a r3tarded f4g if the mkt ever goes 2% higher than that point Ignore those types. Always be paying yourself. If decision is a close one, do it.

Some other ancillary benefits: -can afford private chef, high quality food, elite bedding, etc. goes a long way (see thread below where I go deep on this) -care less. Someone calls you g4y and r3tarded, you can ignore knowing their feeble brain hasn’t allowed them to achieve true wealth -offboard majority from cryptocurrency. no longer any reason to risk significant amounts on self custody, quantum, ECDSA with no recourse. No need to ever attend a cryptocurrency conference -wife can stay home with the kids and dogs, do unlimited Pilates. Nanny and night nurse to keep things smooth around the house. Follow, like, RT, and comment for more lifestyle tips.

Once you sustain above $25m net worth, a lot changes: -Self-funding at a conservative withdrawal rate. A 3% draw is $750k/yr pre-tax, and still about $450k after 40% tax. You never have to sell illiquid/venture positions at the bottom. -Risk capacity. Girthy or illiquid bets that could go to zero become sizing questions rather than survival questions -Borrowing > selling. Securities-backed credit at private-bank spreads pays for life and new deals while gains stay deferred. If you hold until death, the basis step-up erases those gains ("buy, borrow, die") -Structures that pay for themselves. PPLI, exchange funds, CRTs and dynasty trusts carry fixed setup and administration costs that are only worth it around this level -afford Claude Max/ChatGPT Pro with no sweat. Not stuck being a Luddite fading the singularity for 4 straight years Lmk if any other questions 👇