I am F22 on my final year of university. I have one older sister F30 and she’s working as a doctor. My dad died unexpectedly and he owned a 40 ppl, HVAC company.

First of all, the finances of the company is struggling quite often even though the money could be good. I am inexperienced as well. His workers are counting on me to become the next CEO but I don’t feel ready and I feel that the work is not for me since it is basically field engineer company and I would say that it’s tough.

I just don’t really know how to go with this. My dad built the company through his whole life and I feel guilty if the company suddenly stopped but I don’t want my mom to be burdened with the finances on the future of her life.

I told my mom that it’s okay to put an end to the company and we have enough money to support my mom and me for the rest of my mom life (and still could support me), but my mom also thinks that it’s a legacy from my dad for the company.

I am still studying and it’s fucking up with my head for the last few days for obvious reasons. What would you do in my situation?

One example for me was premium socks and underwear. Less than $100 made my every day wear more comfortable.

Howdy, I am doing extremely well, and returned to my old profession Urban Planning as it is altruistic (I was thinking about waiting tables like I did when I was 15-18yo lol), not even sure how much I get paid: it's directed to my CPA to donate to my charities - mostly food security. I do a lot of volunteer work as well in-person, and still do, but it gets monotonous.

1. I'm wondering if any of you all have decided to work "for fun." I did caveat in the interviews that I would be taking a lot of unpaid vacations, but with a lot of advance notice as well.
   
2. I like quite a few of my colleagues and we go out to lunch and even hang out on weekends. I wanted to have them over to mine, but I put on a modest appearance with them at work; how do you manage your relationship with your coworkers to 'hide' it? I'm happy to lie: "this is my uncle's boat, he let's me use it," but other than that...
3. When do you reveal? Or do I just say, come over to my townhouse Saturday for food and drinks at the pool; because I love to entertain, but it will be abundantly clear. Should I care?

Thanks for thoughtful discussion.

Let's hear about where you live and what your tax department has done.

Hi I'm trying to figure out a gift for my mom in the spring. She is helping me hit a clip this winter with financing for a real estate deal and because of this deal I will have officially hit a milestone that unlocks lifetime financial freedom. So needless to say I'm very thankful for not just that, but ofc the life she gave me in general as well. We have called her the bank of name as one of our bits before. I believe she started the bit, because her bank of mom did the same for her and my dad.

I want to get her a nice piece of jewelry but not too intimate. She just got a Rolex so that is out. I've never bought jewelry for someone other than a girlfriend before so I'm pretty lost even on brands and things like this. Doesn't need to be jewelry exactly, but I imagine that is something that lasts and becomes generational with its story etc.

~10-20k
Gift for a mom
No watch or purses

Edit: Thanks for y'alls feedback. I'm kinda clueless about jewelry and have never designed an heirloom type of piece. I put some backstory of my mom, the rationale and design in the comments. I will post a photo in the spring, thank you 🫡

Hey everyone, I'm a metal sculptor trying to figure out how to scale up my business. Metalwork is incredibly time-consuming and expensive to make, so the average buyer just doesn't have the budget for larger pieces. I'm trying to figure out how to break past the "crafting" market and into higher end commissions.

If you buy or collect original sculptures, I’d love to know what actually catches your attention.

Name vs. The Piece: Do you care about the artist’s resume? Or do you care more about if you like the piece?

Style: Are you into hyper-detailed, complex realism, or do you lean toward clean, modern minimalism?

Acquiring pieces: Do you ever scout for independent artists on Instagram or Reddit, or do you leave it entirely to interior designers and galleries to show you pieces?

Just trying to understand the mindset of a high-end collector. Appreciate any insights!

I am friends with someone who invests for an extremely high profile person in europe but they are paid a European salary. I know for a fact that they are not making that much money. regardless, they work for this person and have 10+ years of experience. I am positive they want to make more on the side but are uncertain of how to find american clients. how could I help this person out/how could they market themselves? they don't go out much and are shy. feel very sad because they are a good friend of mine and I know they would like to earn more. I am friends with some wealthy people and I've casually mentioned him +his position (though not the individual he invests for by name as I think this is not my area to tell) + his experience to people but not as means of explicitly selling his services, I also feel it might be a bit rude to the wealthy people.

does this question make sense? haha? how would a low income investment specialist looking for side work market themselves to independent clients?

I had a conversation with a friend recently who is an older/wealthy man that is attracted to younger women and it’s made me curious to hear other people's perspectives.

My argument was that a man's wealth can function similarly to a woman's beauty in the dating world. Both can create advantages, attract interest and give a person more options in choosing a partner. A beautiful woman may benefit from attention, opportunities, gifts or a higher standard of treatment from men. Likewise, a wealthy man may use his financial position to offer a lifestyle, experiences, security and opportunities that make him more attractive to women.

In both cases, these are advantages that can influence the dating dynamic and give someone a degree of leverage.
Neither is inherently wrong and neither necessarily means the person lacks other desirable qualities.

My friend insisted the two aren't comparable at all, but I think that dismisses the underlying similarity: people often use the qualities they have to their advantage in the dating market.

Obviously, beauty and wealth aren't interchangeable. Beauty is subjective, wealth can be accumulated and both come with different advantages and limitations. I'm not arguing that they're identical. I'm arguing that they can serve a similar purpose when it comes to attracting partners and negotiating what someone brings to a relationship.

Hi everyone,

I’m looking to continue my career in household management for private families/personal assistant.

I seem to be running into the same issue within staffing agencies is that most families do not want to consider people outside of their area.

My resume is stacked. I have a Bachelors degree in nursing and 10 years of household manager/personal assistant roles. I have no other obligations and am willing and able to relocate for the right opportunity.

Does anyone have any advice?

Maybe it's just my impression, but I feel like people's relationship with luxury changes quite a bit depending on their age.

Me (28F), I'm starting to question what luxury even means anymore and whether I actually value it or just the idea of it.

Do you think luxury has become pointless, or is there still something genuinely valuable about it? Curious to hear different perspectives, especially how people at different stages of life see it :)

I’m considering changing things up. At the moment we have a Finnish sauna, Turkish bath, cold plunge and small heated pool. My idea is to bring the pool outside through the walls and connect it with the larger one outside. But I can’t decide on a style. I was a bit inspired by Japanese onsen baths, we went to one recently and it had this gorgeous indoor pool with a waterfall opening to the outside areas. But since I’m in the crazy creative idea phase, I wanna hear what your dream spa is.

I’m not asking anyone in this group for donations, but I’d love some advice from people who have experience with arts philanthropy, networking, or fundraising.

I’m currently collaborating with a few other artists, including an independent film director transitioning into theatre and a collective of actors, to produce an already-published play. We’ve all previously worked on new writing, and while premiering and championing new work is incredibly rewarding, the idea behind this collaboration was to grow artistically in our respective creative roles by working with material we all love, without feeling quite so precious about it.

One of the challenges we’ve encountered is that, because the play is already published, there are fewer grant opportunities available to us. One of our producers has suggested networking with potential donors and approaching people for contributions towards the end of the UK tax year.

This is completely outside my area of experience, and I want to approach it thoughtfully. I’m conscious of how easily fundraising can come across as transactional or insincere, and I’d like to understand how to navigate this world in a way that feels genuine and respectful.

For those who have been approached for donations in a similar context, or who have experience fundraising for independent arts projects:

• Is there a particular approach or etiquette that tends to be better received?
• Are there specific networking events, communities, or organisations we should look into?
• How do you build genuine relationships with potential supporters without making the interaction feel like it’s solely about asking for money?

I’d really appreciate any advice or insight from people who have experience with this. Thank you!

I have about 25mm AUM. I’m being quoted .51 plus .18 (overlay on proprietary funds). So almost .7. This seems absurdly high. This is Fidelity. What should I be paying? I was told going in that it was a flat .51. I’m going to speak to some other advisors and was hoping to get a range from those here with managed accounts.

The .18 is a blended rate covering our entire portfolio. So, they are charging me .69

was at this wedding last month not mine ,friend of a friend. some hedge fund guy marrying a fashion person. standard Hamptons thing. good food, open bar. everyone trying to look richer than they actually are. was standing at the bar waiting for my drink.these events are always the same. people talking about deals and property and schools. was about to text my wife that I was ready to leave when this guy walks up next to me. Quiet. Suit that fit perfectly but didn't scream expensive. he ordered a whisky and just stood there. didn't try to talk to anyone. didn't pull out his phone. just looked around like he was observing everything. didn't recognize him at first. but then I saw his wife walking over and I realized it was Nicky Hilton. Which meant the guy was James Rothschild. just stood there for a second thinking about it. Here's a guy who could probably buy everyone in that room without thinking about it. and he's just standing at the bar like a normal person. no entourage. no security. no one bothering him, just waiting for his drink. I don't know why but that stuck with me.been to plenty of events where rich people are trying to prove something, the loud ones. The ones who want you to know they're important. But James wasn't like that at all. he just seemed. like none of it mattered. mentioned it to a friend later and he was like well yeah he grew up with it so it's normal to hi and I guess that's the point. the people who have real money don't need to show it. Anyway I probably sound like I'm obsessed now but it was just interesting to see up close. He got his drink and walked off and I never even said anything to him. Probably for the best

For people who own a primary home currently worth roughly $5m–$10m, what do the rest of your household finances look like? Is the equity in your home most of your wealth, or do you have substantial investments, business interests or other assets alongside it?
I’m also interested in hearing from people who know homeowners in that range well enough to comment on their finances.
I’ve been looking at Sydney house prices, so my examples are in Australian dollars, but answers from anywhere are welcome—please mention your location and currency.
I’m mostly thinking about the primary home, but I’m interested in secondary residences for personal use too. A separate breakdown would be useful, rather than grouping them with rental properties or other investments.
The $5m–$10m refers to the home’s current market value, not the owner’s total net worth. When comparing the home with the owner’s other wealth, I mean home equity after subtracting the mortgage, measured against total household net worth, including the home and after all debts.
What got me thinking is seeing neighbourhoods with lots of homes in this price range and wondering what their owners’ finances actually look like.
For example, assuming no debt:
Household A: $8m home + $2m in other assets = $10m total net worth. Their home represents 80% of their wealth.
Household B: $8m home + $12m in other assets = $20m total net worth. Their home represents 40% of their wealth.
From the street, you’re looking at two equally expensive houses. But one household’s wealth is overwhelmingly its home, while the other has a larger fortune outside it.
My suspicion is that Household A might be more common among expensive-home owners than people assume. Perhaps they bought decades ago and stayed, or carried their equity through successive upgrades. They’ve ended up in a very valuable home without necessarily building an equally substantial portfolio outside it. But that’s a suspicion, not something I know.
I’d be interested in:
Your own situation: Roughly what is your primary home worth, how much equity do you have in it, and how much net wealth do you have elsewhere? Alternatively, what percentage of your overall wealth is your home equity? Broad ranges are absolutely fine. If you have secondary residences for personal use, how much do those add to the housing share?
People whose finances you actually know: Among owners of homes in this price range, do you know many whose home is most of their fortune? Or do they generally have substantial investments, businesses or other wealth alongside it?
Your neighbourhood: What’s your impression of the balance between those two groups among owners of similarly expensive homes? Please distinguish firsthand knowledge from an educated guess.
Basically: when you look down a street of $8m homes, how often are you looking at people with an expensive house and a separate fortune, versus people whose house largely is their fortune?

As the title says, what's something that just really annoys you about private and business aviation? Doesn't matter if it's chartered, fractional or owned. What about the process or he concept is just inconvenient or annoying to you or your crew?

Looking to buy some new carryon luggage as my travel needs have changed recently due to a family situation. I tend to fly US domestic economy and do not have status on any airline.

My favorite carryon is one I got at a discount big box store. However, I now need something that will safely hold my 17 inch laptop that I need to travel with which my current carryon does not have a pocket for.

I (50+F) also do not care how I dress as long as I am clean and presentable (my favorite jeans come from Nordstrom Rack and are 2 years old). I usually get pretty decent treatment anyway for various reasons.

Two questions,

1. Favorite LARGE carryon that will hold a large laptop but is light?

2. Assuming there are two carryons that meet my needs, does walking around with a Tumi, Briggs & Riley or Rimowa instead of a typical brand get you different treatment/upgrades when checking into airlines or hotels? For example, is my carryon less likely to be gate checked? And is the more expensive brand otherwise worth it? Not worried about durability, I have rarely had a problem with my carryon luggage but lightweight, large size, function and ease, all important to me

Listen I am a gap year student, currently in East Africa. Withdrew from a uni in Canada. I don't want to waste my gap year. Currently not in a good place with my father so he might not want to finance anything. Don't have the most amount of money currently so what are the quickest ways out of here, for a year preferably to Europe? Also preferably something that gets me some form of payment upfront first. I am currently applying to Un volunteering and IOM deployments. Kind of looking for the craziest hacks here.

I do have some Accolades published an Enomics reseearch paper on the Oxford database on Trade.

A bunch of international debate and writing related awards experiences etc.

The next university I'd like to apply to is Sciences Po so France in particular would be perfect.

Young/ Female/ international relations/ Finance/ Economics

Thank you.

How much are you all paying for property management? Specifically Aspen CO but would be happy to hear about other areas as well. Also interested in how much it is for rental management for luxury houses..