It is, but it’s still a lot of money for 90% of people out there and it allows you to do a lot of things they can’t (most notably, have access to investment opportunities that make you even more money).
Somewhere between $1-million and $1-billion, at the lower end of that range, there’s a zone called “f*ck-you” money. Here’s a monologue about it from an otherwise bad remake of a good movie:
$2.5-million is the low end of f-u money. It gives you a nice comfortable life and opportunities to build capital that others don’t have. At the high end is the area defined by Sanders and Warren in their tax proposals: somewhere around $30-50 million in net worth. And seriously, no individual needs more than that (in that range you’re making $1.5-2.5-million a year without lifting a finger), let alone 20x-plus that amount.
