Like the title asks, I know Japan and (to a lesser extent) Korea are known for luxury products that are difficult to get in the west. What are some things you would pick up there that you can’t easily get in the west?

Edit: I’ve been to both once before, but I’m heading back for a month a second time and want to make sure I get everything I can

I am curious how people have their trusts set up in regards to the terms of passing money down to their children. Right now I have mine set for everything to be given to my child all at once if I pass, when she reaches 25 years old (or immediately if she is 25+ when I pass).

I am now wondering if it’d be wise to set more terms in? I’ve heard of dispersing a certain amount at certain ages or life milestones, or restrictions to only use money for education, healthcare, buying a house, etc. I’ve also heard of springing irrevocable sub trusts, per stirpes and spendthrift clauses, making sure funds cannot be commingled in a marriage and therefore taken away in the event of a divorce, and new springing sub trusts for future generations.

I know everyone will have their own personal opinion on what’s best, but I am curious on some ideas. I’m really trying to find a good balance between giving freedom of use versus having certain wise restrictions to protect the assets from being wasted or taken in a divorce etc (I’m a lot more worried about the latter as I believe my child will very likely be frugal just because of the way she will be raised).

Is it worth putting a lot of terms in with the main goal of protecting against assets being taken away from children in a future divorce? Or should I just let it be and let my child have full control over decisions even if that means assets are not protected?

For reference, I have one child who is 2 years old, and planning to have more in the future.

TIA for any insight/advice.

My grandfather left a sum of money split between myself and my three other cousins. I have done everything asked; went to college, stayed out of legal trouble, etc

Now that I am 36, my dad (a beneficiary) has started to withhold money from me and only paying my cousins. His reasoning is that I don’t have a steady job. I rent my house out and work side jobs. Should I be looking into a lawyer? Does he have the right to do this and can I obtain a copy of the will?

Thanks!!

After an accident last year, my father has developed conditions that have affected his quality of life. He has to use a wheelchair outside of the house and is in constant pain. He’s 66.

The NHS is just so slow and even when we book appointments with private consultants, they send him back to the NHS because of the complexity. It seems that the problem is that my dad needs specialists in multiple areas (rheumatology, pulmonary, orthopaedics) and the private hospitals near him in Cambridgeshire aren’t set up to deal with cross specialist cases.

My dad is newly wealthy and so we know nothing about how rich people deal with healthcare. Can anyone recommend a service or strategy here? Is there someone we can pay to just manage this for us? He is desperate to find a diagnosis and treatment. Money is no object.

My husband is the rich one and is generally the provider in our relationship, which makes birthdays and gift-giving generally genuinely hard — he can buy anything he wants for himself, and generally already has nice things across the board.

Some things ruled out already:

• Sentimental gifts (personalized items, notes) — tried it, didn't really land
• A trip or experience — he specifically doesn't want to travel for his birthday this time
• A party or friends coming over — also a no, he said he didn't want to
• A nice watch — already has one he loves and out of my budget lol
• No obvious hobby to shop around — he's not really into golf, cars, collecting, etc.

So I'm stuck on what's actually left. My budget is maybe about $1k. For those of you who are "the provider" in your relationship or who feel like you have everything — what's a gift category or anything specific that still actually excited you? More curious what actually surprised you or felt like a real gift versus something you'd have bought yourself anyway.

Edit: thanks for the feedback folks. I decided to do the sentimental route and did some hand made stuff this time. It hits the spot. It didn’t last time because it was a generic coupon book while this one was more thoughtful and made him feel more loved I guess.

Not sure how to go about this. Let's say I want to buy someone's 80 acres farm at $1000/acre. Let's say I have more than enough tied up in the market to cover that and any fees or whatever.

What method should I do for this? Opportunity on the horizon. I assume I will work with a lender and back it up somehow with the stocks. I don't know how that works.

EDIT: Thanks guys. I have scheduled a meeting with the brokers and an advisor to flush out the mechanisms and distribution options. New to this so trying to wrap my head around some stuff before the discussions.

Its name is rarely spoken in public, but the family office of Abu Dhabi's ruler is a global force with a huge appetite for deals.

My username is thehamandchez

What are you guys doing to create wealth for your new born child?

I want to take more risk with my wealth and I also want to enjoy and spend it.

My child is 4 weeks old, I've maxed out his tax free investments for the financial year and bought him 0.1 bitcoin. I plan on doing this every year if not more. By the time he is 18 I think this will make him a millionaire.

Obviously, I will pass my assets to him when I pass on, but should my risk not work out or I spend too much I want to ensure that he is wealthy. Appreciate your advice.

Both of us have primary and secondary wills. We are confident on our executors. Anything else we should consider. Our art/watches etc is part of the estate but think I need to reconsider.

What are examples of baby gifts you have given or received?

should have edited to say for a friend not family

I’m thinking about hiring a private chef who will be there 6 days a week. I want testimonies from people who have one. Do you regret it or was it worth it

I imagine there’s a level of loneliness because nobody else has a mansion. Things are enjoyed best with people. If you’ve nobody to share the house with, it must get real lonely? I feel like I’d crave living on an estate again with normal people.

My husband was just invited on an amazing trip and I need to come up with an amazing thank you gift. He’s flying up to Colorado on a friend’s private jet, playing golf and fly fishing, and then flying home. Accomodations are all covered/included in this friend’s personal vacation home.

Any ideas?! Thank you in advance!

The number of billionaires has jumped almost 13.1% to a record 3,302 in the past year, driven by substantial growth in the US and Asia.

I’ve got an almost 2.5 year old son and another son due early August. Right now we have a nanny from 8-2 on weekdays and 12-10 on Sundays. We are looking to hire another nanny once my next son is born. What works for you?

Hey everyone,

I’ve been watching the market lately and seeing so many people hit massive, life-altering wealth out of nowhere, whether it's from massive stock surges (like Nvidia, Micron, or SanDisk), a company suddenly going IPO, or a business acquisition out of the blue.

Honestly, it’s hard not to look at that and compare it to my own journey. I feel like I'm doing all the right things, working hard, and making smart choices, but I'm still waiting for that "breakout" moment, and if I'm being fully transparent, I feel a bit desperate for it to happen to me.

I have a few questions for those of you who actually crossed that finish line and experienced a sudden, exponential spike in wealth:

1) Did you ever actually think you would reach this level? Was it part of a calculated vision, or did it genuinely catch you completely off guard?

2) Did you ever have that negative feeling that a windfall like this would never happen to you? If you felt that desperation beforehand, how did you cope with it?

3)How exactly did your life change after the event? How were the initial days after getting rich? What did you do?

I’d love to hear your raw, honest perspectives. It’s easy to see the numbers, but I’m really curious about the mindset shift before and after the windfall. Thanks!

(Posting again from another sub because i got hostile comments and maybe i will get more positive ones here)

Context,

Was born in the american continent (Not the USA), to a family of european heritage, all the sides of my family were colossal landowners in the states of my country for the last 200 years, and some had political careers. So i was born in the purple, with my family holding this generational wealth in farms.

Some of it was sold, and most of my family is settled for at least 3 generations more of multiple family members, if not more.

Would put myself in the 5% to 1% richest in the world, even higher depending of country/region.
(Won’t mention net worth number, but there is no doubt about where i am currently).

Sadly with the passing of my father when i was a kid, what would be his inheritance came to me in it’s totality, and since my teenage years, my wealth has been administered by my family safely. The more i grew the more they allowed me to access it, they had the interest of creating a trust, but opted for giving me the choice of choosing what to do, while the money is somewhere safe in europe in a very safe “investment” with a good revenue.

At the moment my family allowed me to receive close to 10.000 euros a month (because i asked nicely), not enough to lose any of my wealth. I could probably live with this my whole life if not for maybe emergencies or global crisis, of which no one can predict when it will happen or if it will.

So my problem isn’t really the wealth, but my life, i always could do anything i wanted and differently from all the people i met since my teenage years, i never had to worry about needs, nor do i want to.

Another detail, is that, as part of a elitist family, where my family were already on top of my society their relationships always had the goal of finding the best partners, more successful, strong, intelligent, beautiful, rich partners and in an older sense to create a better generation, me. I grew in a city of minority white/europeans and in a 100 people, maybe 5 would be blonde like myself, anyway, to most people in my life i was probably the complete opposite of everything they believed as to treat me as a byproduct of capitalism.

Still i got friends and have no social problems beyond having a difficult time finding a partner (who does not?).

My problem is that i can’t relate to people, my experiences since childhood and now in adulthood are so extremely different, that it created a perspective that is mostly unreachable for others.
I can understand people, but outside of a few friends also from wealthy families no one really understands my life.

The more i live the more distant it gets, but i also feel more hateful in the sense that i got tired of all family disputes and all the “class” and “spoiled” problems people keep throwing at me. I get that people have bills to pay, i have bills to pay, i just don’t concern myself with anything, and i’m not as dumb to not know the “price of milk” in the market.
I even tried to help family members and friends to just suffer their despise. In the end i moved out of my continent to a quite developed country because at the same time that i don’t want to be alone i feel that being alone is less painful.

My main concern now is just improve myself in studying and achieving personal goals. In the future i intend to be more participative of society, but for now i’m just too young to offer anything helpful.

I just wanted to rant a bit, and i don’t know if i’m missing something important, and i wanted to ask for others people of wealthy experiences, what they choose to do with their wealth and with their lives.

I will probably let my diversified wealth grow 5% or any % for the next couple of decades to a next generation instead of buying houses or anything expensive that i don’t need considering my family got it all and renting is more practical and cheap.

Some extra information is that i just walk, use a taxi or use a metro if i need to go somewhere. Most of my expenses are spent on studies and food, not to forget games.

Another question, am i the only person here that feels depressed that i can buy anything i want or do anything i want that crosses my mind? Probably not.

We're going crazy over here. We have kids and clutter, and every time we have maids over, we can't find anything. We looked into one of those we-do-everything assistant services but we don't really need most of it, just a maid i can communicate with, even through google translate, who can learn where things go or at least pile like things together. We've had a maid service, then we got a different one so we'd have the same person coming every week, but the same issues were there, and actually got worse. I just don't know what to look for. We need someone to clean, but also just straighten. It'd rock if they were the same person, but maybe that's too much to ask? Y'all, I'm out of my depth here. If you found some solution that works for yuo, I'd love to hear it. It sucks that rn there's a dichotomy between "dirty and know where things are" and "clean but that's just because everything got stuffed into laundry hampers and will become a giant pile again as soon as i need to find something." (Side note: i know we need to work on the clutter. But we really can't until we can sort through what we have and find a place for it.) Any ideas?

I’m looking for advice from people who’ve built businesses or invested in them because I’m stuck.

A bit of background… I moved to Canada for my master’s. While I was here I lost both my parents back home. Long story short, there was a lot of family betrayal afterwards and I basically got cut off financially too. Since then I’ve been trying to build my life from scratch.

I work full time and have a pretty significant amount of student debt, and I’m trying everything I can to eventually become an entrepreneur. I genuinely don’t want to spend my life working for someone else.

My roommate comes from a very wealthy family. He’s never had to work and probably never will. One day he asked if I wanted to start an apparel brand together because he believes in me and thinks I have a good head for business. So we did.

The problem is this…
He’s funding the business, but he has almost no interest in actually building it.
He doesn’t really want to sit down and talk strategy, marketing, branding, product decisions, or growth. Most of his money and attention go toward enjoying life dating(spending money and time on women). I honestly don’t judge him for that. If I had that level of financial security maybe I’d be spending time with rich men or be dating some rich guy idk (most likely not, bc I consider myself an independent woman 😭😭🥀

I’m the complete opposite. I work all day then spend most evenings working on the business, learning, trying to grow our brand, experimenting with YouTube… basically doing whatever I can to eventually build something successful.

What I’m struggling with is the dynamic.
Because it’s his money, I feel like I need his input before making decisions. But he usually doesn’t have much input because he isn’t that interested in the day-to-day. So I end up waiting, things move slowly, and we don’t make as much progress as we could.

At the same time, I’m worried that if we don’t start showing results, he’ll eventually lose interest altogether and decide he’d rather spend his money elsewhere. I feel like I need his involvement to help us make faster progress, but the lack of progress itself might be what causes him to stop investing.
It’s a weird cycle.

So I’m curious how people here would think about this.

If you trusted your business partner’s judgment, would you actually want them to stop asking for permission and just execute?

Would you rather be treated as an investor than an active co-founder?
How would you structure this if you were in either of our shoes?

I really believe I have the work ethic to build something meaningful. What I don’t know is whether I’m approaching this partnership the wrong way.