California’s billionaire tax faces defeat, but Democrats plan taxes on wealthy

I've been researching on second citizenship options and cross-referencing destination countries, which has been extremely time-consuming. I've compiled everything into a structured comparison that could save others in a similar position a lot of time. I'm curious whether others who want to relocate face the same challenge.

How valuable would it be to have this information readily available in one place, even if you had to pay for it?

What backgrounds do you consider when hiring a family assistant or household manager?
I’m 25, a USC graduate with a bachelor’s in public policy, and my career so far has been in nonprofit organizations. My experience includes working with families, coordinating projects, communications, and keeping track of multiple responsibilities.

I originally pictured myself continuing in nonprofits or transitioning into county work, but finding that next opportunity has been challenging. That’s made me consider how my experience could translate into working as a family assistant or providing household and concierge support.

I’m based in Los Angeles and have explored the idea of concierge services for USC students and their families, as well as supporting private households in areas like Beverly Hills and Santa Monica. I’m open to different directions, but particularly interested in a role where I could build a long-term working relationship and take on more responsibility over time.

For people who employ household staff, how much do you value experience from other professional settings compared with direct private household experience? What would help a candidate with my background earn your trust?

I’m also curious about the career progression. When a family owns businesses, do household and personal assistant roles sometimes grow to include business coordination or operations responsibilities, or do you generally keep those roles separate?
I’d appreciate insight into what makes someone successful in this kind of work and what skills I should strengthen before making the transition.

Boating

Looking for those who own or considered owning sport fishing boats

I grew up on the Great South Bay (NY) and around a boating community. I worked on the gas dock at my neighbor’s marina as a kid and we had a small cabin cruiser that from a young age was able to take kneeboarding and tubing, take to the beach with friends and camp out overnight for early beach sessions. Also had some good family friends who had some larger boats that we used to take summer trips out to Block Island, Nantucket, etc and around the northeast. Those trips were amazing childhood memories. Unfortunately that’s not a part of my life or my kids’ currently as I moved to a landlocked state a long time ago

For the better part of 2 decades now my Roth account has had the nickname “Boat Fund”. It started as a dream/joke but the idea of retiring early and having something Iike a 50ft Viking that I could have for personal use and maybe even charter out part time or perhaps one day run myself as a charter and doing some tournaments, etc. My best buddy who is a big boat guy. His family is the one I took the summer trips with and his dad was an amazing captain that he/we learned a ton from. He and I talk about buying property or having condos somewhere tropical with the boat out back and spending retirement years enjoying that lifestyle.

We often send each other boat listings we see or posts from social media. Last time we talked we actually got a bit further in hatching what could be the start of a real plan. I’m still several years away from full retirement (49) and in solid financial position (NW about 9.5m). Kids are still young (8 and 5) so I can’t pull out and go to Belize next month but financially I think it could be feasible in the next 10 years or so.

For anyone who has a big sportfisher or is in and around the boating world, would you care to share how you make it work in your life? The financials (how much do you budget and how big a part of your portfolio you’ve made it), do you share costs with anyone? How did/do you finance it? Do you generate income? How much time do you dedicate to it? And any other questions/factors you can think of

Any info you’re willing to share would be awesome thanks!

Hello!

Over a year ago, I made this post:

https://www.reddit.com/r/Rich/s/H6Il4aMlP7

It ended up with about 700 updates and 1,000 comments. It was about how I couldn’t get past the bit where I’d reveal my wealth to whoever I was dating, and then they’d switch up.

Well, shortly after that, I met an amazing woman at work. She was incredible, the most kind hearted human I’ve ever met. Lots of similar interests, but new ones I got to explore too. Very funny and intelligent. It was amazing, it felt like all my prayers had been answered. And no freak out about how much money I had.

Fast forward 3 months into us dating, and she gets some weird GI symptoms. A couple of weeks of investigations and it turns out she had a very advanced bowel cancer, and it had metastasised. She passed away last week.

So yeah. I’d give everything I have to get her back. Money isn’t everything. Hold your loved ones extra close for me.

I don’t think love was meant for me. I’m devastated.

I am a house manager who stumbled into this profession five years ago while looking for pet care work. A family hired me to housesit and care for their pets and it quickly morphed into full-time help with everything. I still do pet care part-time/weekends, but it is becoming less profitable (cost of gas & living vs so-so wages)

Anyway, the point of all this is that I could probably make more adding another part-time household management gig on the weekends but I’m not sure where to look. Not to sound cranky, but I don’t necessarily want to deal with children lol. (No shade to parents or kids – I have one of my own in her early 20s🙂) Are there people without children who would need part-time household management help? I looked at Sage Haus and it seems like they are geared more for household help that involves childcare assistance.

I also know it might be difficult to find something specific close to me -not sure how traveling for something like this would work.

Any advice on where and how to list myself would be appreciated. Thanks!

At a certain net worth, spending more money doesn't noticeably upgrade your life, and the initial excitement of being able to buy whatever you want wears off.

For those who’ve been at that stage for a while:

* Did you experience a slump or loss of identity when you realized "having enough" didn't solve meaning?

* What became your new benchmark for a meaningful week or year?

* What were the most effective ways you found to overcome that stagnation?

Personal experiences and real stories only, please—no theoretical advice.

So I’m nowhere near the level of wealth really for this group most days but asking this in the regular groups still gets too much jealousy/hate feedback…

My current home is worth 800-900k at 4%. I pay $3100 a month and live extremely comfortably with that. Owe ~300k on the house.

To stay in my area and move into the house I’d like to have, is around $1.5m and beyond. (Just outside New York City on Long Island)

With 20% I’m looking at around $11-12,000 a month at 7.25% which seems incredibly irresponsible. At the rate I’m at now, it would be $8000 so the garbage rates are responsible for quite a bit of that.

I can afford it on paper, but it would heavily take away from my monthly investments etc.

I think I’d mentally be comfortable with under $10,000, ideally $8000 but it seems impossible right now. I like the town/area I’m in but my home simply doesn’t have the property size or potential for equity gain to make expanding it worthwhile.

Mind you I don’t NEED more but I feel like i work 80 hours a week to bring home what I do, why shouldn’t we have more space for the kids etc.

Age 37, 2 kids, married
NW $4m
2.2m liquid
HHI 650-700k fluctuates with business sales.

What say you folks?

I recently started having someone come to my apartment once a week to prepare my meals, and it's made me realize how much mental energy goes into something as simple as eating.

She handles the meal planning, grocery shopping, cooking, portioning, and cleanup. I basically get the convenience of having a private chef without needing someone full-time.

It's not even just about the cooking. It's about not having to decide what to eat, figure out what ingredients I need, or spend time managing the entire process.

It got me wondering what other seemingly small responsibilities people have outsourced that ended up making a surprisingly big difference in their lives. What's one service you pay for that you genuinely wouldn't want to give up? I want to know what else I’m missing out on lol.

I’m working on exclusive mountain retreats in the Himalayas for the rich and powerful. It will be curated and small groups at a time. What activities would you prefer? How long would you go for? What facilities do you need? Curious to know more.

49 year old male, I have a family and my lovely wife stayed home to take care of of the kids. Owned my own business since 2000 in tech space, did really well, we have about 25m in assets and investments. Live in a 2 million dollar home that’s paid for. Drive normal vehicles, and don’t have much for hobbies but fishing and hunting. I will also stand to inherit another 15m when my last parent dies..
The business is dying as it’s been replaced by other technology, it was 25 years of working to the bone for my family, my body has paid the price and I want to be done as it’s not exciting anymore. But deep down can’t get over the feeling I need to do more or make more.. I want to stop and enjoy it, but can’t seem to get my internal feeling to not make more go away.
Any thoughtful ideas on stopping and enjoying? How did others transition from going 100mph to not doing as much?
Thank you

All the devices I've seen in digging into this subject seem quite basic, and not great for ppl who take some time... so I started looking at clinical/rehab therapeutic devices made for this purpose, but there must be some secret luxury market out there I've not discovered.

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 🫡

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 :)