10 is a nice number- 1, in this modern world isn’t enough to afford a condo in the major real estate markets - I think for like 5 you could afford your dream house, have enough to fund multiple college educations… so that extra margin is for safety. Anything above 10 million is just pure excess until I hear a legitimate use of it from someone.
What do you want that you couldn’t buy if 10 million suddenly appeared in your bank account?
What do you want with 9 million?
Also having a net worth of 10 million obviously doesn’t mean you just have that sitting in your bank account.
10 is a nice number- 1, in this modern world isn’t enough to afford a condo in the major real estate markets - I think for like 5 you could afford your dream house, have enough to fund multiple college educations… so that extra margin is for safety. Anything above 10 million is just pure excess until I hear a legitimate use of it from someone.