What do you call someone who receives $500K - $5MM or so per year in passive income via real estate and the market? Laborer or capitalist?
We have several dozen or so clients in this category. And even with third-party management of their real estate and an advisor between them and their money they still spend 40+ hours per week monitoring their investments and planning the next move. Isn't that labor?
1 in 165 people are ultra-wealthy. I wonder how many of them truly don't work -- if nothing else just to keep an eye on their money.
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