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Alan Stalcup | CRE Investor
@alan_stalcup
CEO | Multifamily investor with $10B+ in transactions | Breaking down where opportunity exists in this cycle
加入 October 2016
117 正在关注    1.5K 粉丝
Nobody talks about the hidden cost of extreme wealth. At $100 million you buy a $30 million house. You have $70 million left earning 7%. That's $5 million a year in income. Try spending $5 million a year. You actually have to work at it. Now scale that to $100 billion. The house doesn't get proportionally better. You can't buy a $30 billion house. The income doesn't get proportionally more enjoyable. You can't spend $5 billion a year. The lifestyle difference between $100 million and $100 billion is virtually nothing. What does change. At a certain level of wealth you lose the ability to have authentic relationships. Everyone wants something from you. Everyone. You can't turn it off and you can't hide from it. You become a mark. Not a person. The Wealth Ladder is the number one book I give every mentee because it maps this out clearly. The lifestyle benefits between Tier 5 and Tier 6 are virtually none. The detriments at Tier 6 are actually more than at Tier 5. We live in a culture that says “more is better.” I can safely attest that it's not true.
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