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.

Someone at the beginning suggested OP could spend a bit of time helping others which might help her too and she immediately jumped to "I'M NOT GIVING HANDOUTS" when that hadn't been suggested. Says it all really.

TBH 1 million isn't enough to stop working in this day and age.

Well then perhaps OP could respond to something other than repeating that he's a music producer and has investment properties. Most vacuous thread ever. If it's remotely true...

Your disconnection from life isn’t caused by your money. It’s your personality. Use some of your wealth to get some counselling/therapy; do some volunteering amongst those in worse positions than you; and learn some empathy.

If this is a silly Summer Hols joke, then the same applies really: work on your personality, your empathy; and your life experience.

Tell me, as a high-earning-go -getting 23 year old millionaire, what made you post on Mumsnet? None of the 23 year olds I know would have ever heard of it.

A million pounds isn't a lot of money if things were to go tits up.
I'm assuming you have hefty mortgages on your properties. What if mortgage interest rates were to shoot up again like they did in the early80's? House prices would fall dramatically. What if the government/ county were to impose fair rents for tenants?
Do you use a financial adviser, a wealth planner in place.
Could you not pay yourself a salary from your limited company?
Try looking at this money as your business ( which is what it is)
You've done incredibly well for yourself and should be proud of your achievements, but you're not in private jet money realm yet.

But your disconnection is because you have vastly more money than your friends isn’t it? (Who don’t even know you have vastly more money than them). It’s a bit confusing really. Is the problem that you want to live an ostentatious life but you can’t because you don’t know any other millionaires?

Unless they are pregnant or have a child IME.

This is perhaps your most revealing post, as you actually sound a bit vulnerable here, rather than cold & disconnected.
It sounds like you're struggling to manage the financial burden.

You need to seek real-life support.
Financial advice and yes, perhaps therapy.
You say you love your parents. Are they emotionally supportive? Do you confide in them? Do they know how much you're struggling, mentally?

Upfront fees might be alright but you get absolute peanuts from songs being played these days even if you own the full publishing rights to the song, which you don't as you only get a %. Streaming totally pulled the plug on royalties in the music industry. There's no way you're making massive money from selling 'beats'.

If circumstances change you definitely would sell.

I think you’re missing the point. Your ‘business’ involves a degree of parasitic behaviour. The money you receive as rent does not go back into a ‘service’ for the betterment of your tenants. It goes into your pocket. Unless you charge a pittance. By which case you wouldn’t be a millionaire.

Staff can request my bank if they want.

almost feel like the people here think no one young can do anytbing

i found this site on Google and wanted some advice. Maybe it’s not the place for financial young people

Maybe try watching A Christmas Carol too 😁

There was a woman on the radio ( five live) a few years ago now who won the lottery jackpot in her teens and she felt the same too. She bought a few properties and had some financial advice , but she was feeling isolated and unhappy and felt that the lottery should have done more to help younger winners like her. The presenter was a bit incredulous, but she sounded genuinely perplexed that her life was so different to her peers.
Slightly different to being ‘ self made ‘ but the same problem of not fitting in anywhere and others being jealous of her wealth.

This website may as well be called trollsfantasistsandgulliblepeople.com

Google as I’ve said previously

Sorry @TheOliveFinch, but I need to know what 'hairy hands' means!

Well no that shows how little you know.

Wealth management portfolio would invest your money and grow your fund over time. A fixed interest account will only ever yield the interest. That’s literally the dumbest way to hold that sum. Equally 3% is low risk portfolio as I said, increasing your risk will increase your yield.

You need an IFA asap.

For whatever reason I’m thinking it’s a he. I think it was the private jet and fancy cars, somehow seems a more bloke thing to me. I feel (rightly or wrongly) that a young, entrepreneurial self-made woman would have more substance and a strong focus on her future.

3% is pathetic.

i can get premium bonds or more houses. This isn’t a financial thread please, it’s reality thread.

You're living in a fantasy world if you think you can, and would, give you bank account details to the moderators who work at MNHQ.

So you'd happily allow them to see your bank accounts?

😂

He said male

I thought he'd said he was a he pages back?

A screenshot of funds inside yes?

it’s a screenshot .

If you feel you are lacking a robust grasp on reality, please buy your own home and run it yourself for a while. Your biggest problem is that you haven't grown up. You're like a child who doesn't know what to spend his pocket money on. You won't feel so rich once you start living as an independent adult.