people who are not wealthy don't understand this

people who are not wealthy don't understand this there's a 1 million dollar millionaire there's a five million dollar millionaire ten million dollar make up numbers 50 million dollar millionaire hundred million 500 million dollar millionaire billionaire hundred billion dollar billionaire there's a very different levels of wealth if someone has a million dollars in the bank or in their portfolio their their index fund they have to keep working they can't stop working if they put that all into cash and right now in the money market and they got 5% interest on it that that happens now I think I have to pay uh I think capital gains on that much of income or capital gains so they're gonna come out with $30,000 a year $40,000 a year on $1 million they're not financially secure so to say they self to work someone has $5 million in the bank then as long as they don't do anything reckless or irresponsible with the money they're pretty much financially secure for the rest of their lives um if someone has $10 million in the bank then they're starting to also have financial security for the children someone has 50 400 million dollars a bank they can be building buildings if they wanted a million dollars a pop or you know for organisations or if they have expensive taste they can have multiple homes and yachts of which I have one home and no yachts and I could have you know Canon I could have hundreds of homes I what what do I need if I don't need it and then you know Elon Musk spent these approximate numbers I don't know the exact numbers spent 45 billion buying Twitter it's now valued at valued at about 20 billion and he doesn't care cause he already get he's in the 200 billion dollar range