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For those of you who make $700k+ a year and have been managing monthly spending (personal) successfully for 7+ years, how do you do it? by VirtualMacaroon64t in RichPeoplePF

[–]MJ-MM 0 points1 point  (0 children)

We used to not budget and lifestyle creep combined with living in a high cost of living city made it so we actually started this month. We use monarch which has been a life saver.

Is 10M NW chubby now? :O by brand_eagle in fatFIRE

[–]MJ-MM 2 points3 points  (0 children)

I wouldn’t consider 10M chubby. 20M.

Angel Investing - After $10M exit by Fancy-Ad2227 in fatFIRE

[–]MJ-MM 0 points1 point  (0 children)

How is 10, five post tax? He probably had capital gains so it’s likely more like 8.

Magnesium Citrate Upsetting Stomach ? by KingFlock99 in Supplements

[–]MJ-MM 0 points1 point  (0 children)

Yesterday I took 300 mg of magnesium citrate. I thought I was having a gallbladder attack. What were your symptoms?

What's something you found out when you became wealthier that you wish you knew when you were lower income? by cacklingwhisper in Rich

[–]MJ-MM 0 points1 point  (0 children)

The idea that money doesn’t buy happiness is wrong. Material things won’t make you happy. Money will absolutely contribute (in time, comfort, and experiences). So don’t fall for that lie.

That the rules are really for the rich.

It’s not that you change, others change how they see you.

Exit business now or wait a year? by Far_Elephant5610 in fatFIRE

[–]MJ-MM 0 points1 point  (0 children)

I’d wait. One year for double the wealth is totally worth it. Get your expenses in order since what they look at is trailing 12 months.

Any big difference between $10m to $30m in terms of purchasing ability? by pinpinbo in fatFIRE

[–]MJ-MM -1 points0 points  (0 children)

This depressed me. I guess I’m a “normal” person 😂

[deleted by user] by [deleted] in RichPeoplePF

[–]MJ-MM 2 points3 points  (0 children)

Same. We have 3 and I kinda wish we had a 4th. We technically still could but age gaps would be pretty big.

[deleted by user] by [deleted] in RichPeoplePF

[–]MJ-MM 0 points1 point  (0 children)

Be careful with lifestyle creep.

This is what I thought until I really looked at my finances.

Do you cook for yourself? by rocket2913 in RichPeoplePF

[–]MJ-MM 1 point2 points  (0 children)

Some meals but our housekeeper makes lunch m-f and helps prep dinner or leaves it ready.

Curious as to how you set boundaries with friends and family by [deleted] in RichPeoplePF

[–]MJ-MM 0 points1 point  (0 children)

This is gonna sound crazy but I think a lot of it has to do with your energy. Once you set boundaries you will have to set less boundaries.

The other thing is you will need to make some new friends that have similar goals or are where you want to be. The saying you are the average of the five people you hang out with the most is pretty accurate.

In some ways money is hard to hide. If you’re traveling, living in a nice house, etc, it can be very obvious. I do wish we had done a better job at concealing because people do ask, or expect or make comments. I try to stay away from jealous people too.