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.
Why 10 million
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.