Millionaire£ at 23, self made. Feel lost.

[Jonesqua]

I became a millionaire£ at 23.

All happened between 20-23.

Self made, have 3 buy to let houses with 300k£ equity in them rented out. With 750k£ liquid money.

The change happened so fast. All of my friends have regular income , it’s sometimes hard to do things I want to do as income difference.

I am use to making money so quickly that essentially I feel as if I’ve lost touch over it. As no one around me friend wise can relate or I speak with about it. Does anyone else feel like this in a similar situation?

I’ve lost motivation. Feel disconnected from the people around me who I grew up with.

I also struggle to believe a 23 year old, music producer and millionaire posting (53 replies) on MN.

My original post says.

750k in the bank, 300k in equity in rental houses

made money from music production

music production.

When you were 18-19?

Exactly how?

Well then maybe it’s just growing up. Friends come and go, especially at your age. Move out of your mum’s house to get used to doing your own decorating, bills, cooking, cleaning and shopping. Then go from there. And read other people’s responses re: tone, meaningful connection etc.

Gosh. Im really surprised your accountant or IFA has recommended property as an investment at the moment?! Prices are falling, yields are down and protections for landlords have been eroded. I'd run a mile.

MUSIC.

Houses are investment from music

please read!

If they don’t know then what’s the issue? You know your friends like you for you, just put the bulk of it away and live on what your friends live on. You can say your business is doing well but you don’t need to give them the details anymore than if a friend was climbing the corporate ladder.

made money from music production

How?

Are you manging Taylor Swift?

This not true

Did you do only fans? Is that how you made your money!

I don't understand just because you have money doesn't mean you need to spend it. So book that holiday with your friends and maybe just upgrade yourself (and your friends if feeling generous) to business class. It doesn't need to be all or nothing surely?

If your a music producer why don't you have friends/colleagues/acquaintances in the music bizz you can hang with and talk about how you all have too much money to know what to do with??

Houses are investment

I made money from music , why is everyone asking this again and again?

I said self made for a reason

You say you struggle to spend money - in which case, it shouldn't be difficult to enjoy the same things your friends can afford, surely? This doesn't tally with the comment that because of the income difference you can't enjoy the things you want to do.

Alleviate!

I think he means producing beats/ music. It could very well be true but I do feel he has a strange and off-putting manner and should seek therapy.

The OP's just described the transactional nature of letting out properties and how the people inside of them are inconsequential, i.e. it doesn't matter that they would see this as their home, the OP doesn't, it is all for their profit margins, how is that nice or kind?

I think you need to explain more clearly how you got a loan for £300K when you were 20.

What music do you produce?
Who would employ an 18-19 year old to produce their music?

No morals in business. Thats what I always have stood by.

the houses will never be sold.

Producing music

beats

Well done for doing well financially. It might be worth thinking what your values are- what’s important to you, and spending time doing some things that meet those values. Work is work. But you are a whole person and maybe think about the other parts of you and what may help you feel connected to yourself. Then you are likely to feel more connected to others, regardless of their income.

A good place to start would be to buy yourself a house to live in. Get out from under your mums feet and grow up a bit. Once you start paying your own bills and washing your own socks you may find it easier to connect to ordinary people.

Yeah, I'm not buying this story either.

Why are you asking this on a parenting forum?

Surely there are other places better suited.

You maybe need to move to somewhere where you’re more likely to come across other young millionaires. Dd lives in one of the high rise apartment buildings in central Manchester. The locals call the Deansgate Towers the OnlyFans towers. 😆

Now I’m sure not all the youngsters living there are making porn but there’s a lot of money, a lot of influencers. A lot of people not working 9-5 jobs. Get a flat there, play tennis at Courts, join SoHo house when it opens in a few months. You’ll meet people your age who can easily afford the stuff you want to do at the drop of a hat.

This is a bullshit thread