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Here we’ll assume that with enough Gnomes Lucky Hug Coors light St. Patrick’s Day Shirt portfolio diversification you’ll finally hit a Google or LinkedIn, and be able to comfortably plan on >10% annual returns from your professionally-managed holdings. And since you’re now an oligarch, let’s say that your hardworking gnomes will figure out how you can limit your net taxes to <10% (very tough on a big portfolio, but we’ll assume your gnomes are really creative.
At this level you can do pretty much Gnomes Lucky Hug Coors light St. Patrick’s Day Shirt anything you’d reasonably want. Pay the mortgage on a $10m mansion as well as a $5m summer place in the Hamptons, put four kids through Ivy League colleges, fly first class anywhere you’d like, make half a dozen angel investments at $250K each, eat out every night at three star restaurants, vacation on the Riviera, and have a full-time cook, butler, nanny and chauffeur. I expect you’d even tithe $1m annually to good causes, which probably gets you named Man of the Year for a big local charity.Assume that with this kind of cash you begin to have access to some good hedge and venture funds, so maybe you’ll be able to consistently get 8% on your money. And now that you’re in the privileged class, we’ll figure you can find some good tax shelters and squeeze things down to a 13% tax rate. This means you’ll net out to about $7 million disposable income annually.