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.

Some of the posts upthread about authenticity have zeroed in on the problem here. You sound like you don't know what type of person you are besides a rich one, so it's little wonder that you struggle to find your 'tribe'.

No you don't, you want to humble brag. I doubt money is the reason you're out of touch with your friends.

I know a couple of people who made a lot of money late 20s/early 30s. They are hard working and generous to friends and family, but they both invest in start ups, donate to charities, set up projects in schools, for example. They regard their support of others as their job. However, as I said before, 1 million isn't really enough to make much impact. In your situation I would continue to invest wisely, talk to an independent financial advisor. Look for a part time, ordinary job in a field that interests you. Get some personal counselling.

So you are asking for other millionaires to make themselves known so you can connect with them. So you want people to out themselves as young millionaires. So you can then ask them for money you don’t have? Clever reverse

Do fuck off to a different chat board. There are parents on here that cant afford to live, feed their kids, dealing with abuse of all levels.

And others just struggling with the day to day shit. So take your bullshit elsewhere mate no-one gives a shit.

@Jonesqua here are a few thoughts and suggestions to consider:

(1) If you allow yourself to feel better than others because of your money — it will make you less happy and less emotionally connected to others. It is that simple.
Objectively, having more money than people of your age - even if it is « self-made » money - does not make you a fundamentally more valuable human being person than others. It does mean you have a set of skills that is valued by people and by a system that is able to reward you with larger amounts of money than what most people your age can get.
Our society worships money so it’s difficult not to feel better or different, but the size of your bank account is a very poor measure of your worth as a human being.

(2) One concrete action you might consider, in order to feel more connected with people, would be to seek out a hobby that brings you joy, and for which having more money does not separate you from others. I am thinking something outdoorsy (hiking / camping?) or sporty (running?), or artistic ( playing an instrument or singing in an amateur group? Amateur theatre group?), where the value each person brings is all about their attitude and presence, and where spending money does not help.

(3) Don’t get overly sucked into the sort of costly experience that brings excitement without real joy. Private jet rentals, expensive/blingy clubs, expensive fashion, etc. can make you feel special and « included » in the short-term but under it all you know that it is not actually you who is included - it is the artificial suit you are wearing that is made of money.

So you are miserly as well as miserable

Have you ever had a meaningful relationship?

Your friends are all getting on with their lives utilising the resources they have available to them. They will forge meaningful relationships whether or not you are in their lives.

You may have tons of money but you are still not fulfilled. This is why emotional immaturity was mentioned to you.

Congratulations on your financial success.

If you want to have a jet set lifestyle and friends to share the cost you’ll have to make new friends.

Well done. I mean that – to achieve what you've done in such a short space of time probably took a lot of determination and sacrifice.

What are your medium and long term goals? More of the same or have you been there/done that? What excites you? (Baring sex, drugs and rock 'n' roll!).

I met someone who had become a millionaire at around your age, just a random investment that turned him into a millionaire almost overnight. He struggled hugely as he came from a very poor background, and couldn't connect anymore. The answer for them was to study in the relevant field and invest in other start ups and also act as a mentor for young people.

The music industry is notoriously fickle. My ds is a musician, well known in his particular genre but absolutely skint! So, well done for making your money on the production side. We have ofter discussed what it would be like if the band 'made it' overnight and the consequences it would have on their life. Many people struggle with unexpected wealth which can have a detrimental effect. You only need to look at the ruined lives of some lottery winners.

You are caught in the middle of being wealthier than your friends, but not as wealthy as the people that surround you in work. So, somehow you are going to have to combine the two. Maybe stepping out on your own and leaving the family home would be a a good first move. Independence may make your mind clearer. No further suggestions, sorry!

I said

Use some of your time to help those less fortunate.

I didnt say give away all your money.

I love that

Or it a a send me your money and I’ll invest it for you.
“I only want to talk to Rich people ages 20’s to 30’s” to find myself a sugar daddy

Well done and congratulations - you should feel really proud of yourself ☺️

even though you have money - you can still learn about yourself and your beliefs and values and dreams. this is the next step for you.

Put your money in a more difficult to access account and give yourself a smaller income.

Think to yourself, if I was given a year to live what would I do? Are there places you want to see or live in for a while? Topics you want to study further? People you want to meet? Sports you want to participate in?

jot down your thoughts and start to assemble a plan. Do you feel a need to help others? Or visit places? Or learn? Whichever feeling is floating to the top (or maybe it’s all of them?) set some goals for yourself to tackle them. Travel on your own at a more basic level. Treat a good friend to come with you.. but still maybe travel low key.

Start to think of the types of beliefs that are motivating you. You can still achieve with money behind you. You could set up a refuge, a sanctuary and then work out ways to fund it.

I understand it can be overwhelming but now is an exciting point of discovery and learning for you @Jonesqua and I wish you so much luck and happiness

Whether the thread is genuine or not I have no clue, but to me the circumstances you describe are not so unheard of, as I’m in an industry where several of my peers were in the right place at the right time and became millionaires/ multi millionaires overnight . For some it was more like a lottery win than a recognition of their ‘talent’ and having seen the trajectory of their lives unfold over the past twenty years or so , it simply isn’t the case that for everyone money solves all problems . Many were left with a real sense of imposter syndrome, or a permanent anxiety about maintaining the hype which wasn’t of their own making but from industry big players who move on to new crazes and drop people like hot coals in favour of the new kids on the block. The ones who have survived the turbulent times best of all are the ones that kept their heads down , focused on the work and resisted ostentatious displays of wealth.
Predictably , after the great harvest years there were many leaner years for most.
I wonder if you’ve ever read John Caudwell’s book? the billionaire phones4u founder who has commited to donate something like 70 % of his wealth to good causes.
He made a lot of money very young but remained very connected to , and grateful for, his working class roots. He seemed to find a fulfilling balance of work and philanthropy.
You seem rather defensive and a little… conceited, if not depressed. But you are still very young and there’s time to find a sense of purpose beyond growing a bank balance.

How come a millionaire doesn't know how to use pound signs properly?

This thread is the biggest chomp I’ve ever seen! Don’t believe a word of it

Never excites me anymore I was thinking of this the other day. Even I make a large amount of money in one day, after 10mins the excitement goes.

Money doesn't make you a better or nicer person. Wind the ego in before you find yourself having none of these problems because your friends have got pissed off with your arrogance and fucked off.

I have several friends who have more money than you (far more), they don't expect anyone to meet their budget or get annoyed at anyone who can't match their holiday budget. They appreciate they are in a privileged position and want to spend time with us so meet us at our budget, we meet them at theirs for certain things as best we can. Because the relationship between us is important not a fucking private jet

If the OP is genuine then this thread has shown the worst of mumsnet.

The posters crowing over their knowledge of multi millionaires and how the OP is not by any means rich are absolutely cringeworthy.

There's no reason to assume the OP is not genuine, in which case they are a 23 year old who is struggling. Just because you don't think the reason is worthy there is no need to try and make them feel shit about themselves.

Honestly OP - you'd find better answers on chat gpt than here.

I think it’s quite normal to feel a bit lost at 23. You’re a new adult finding their feet. You don’t need to spend the money, keep wise with your investments etc and keep your income steady.

My advice to most youngsters your age is to do some travelling and see the world. You have the money to travel to some very interesting places. Start with some group travel companies if you don’t have friends able to come travelling with you. Once you get going you’ll meet other people who will be in different life stages to your current friends.

My daughter went to Bali a couple years with a group and she loved the experience and made some good friends who she has travelled with since.

I have friends who had similar. Big crypto wins out of uni.

You need to work. Honestly this might sound utterly stupid. But seriously you do. Some are lost for ever. Depressed, gambling addicts, drug addicts. You name it.

Don’t pressure yourself as to what you want to do. As in life purpose stuff. Just go and get any old job. Tesco for a few years and try to forget you have this money.

There’s nothing more inspiring than doing mundane grind to daydream about what you really want to do. What do you want to learn? Go back to education. Set up a trust or foundation. Manage land. Help x people. Become a skiiing instructor.

It's a shame your ability to read posts isn't good 😀

The OP has said several times that he made his money in the music business and is now producing.

And can I just say that ones that are lost forever were the ones who went to Bali 🤣

Thank you!

i am surprised at the replies. I understand the situation is rare, I just wanted advice that’s all

I have some advice for you.
Join the MPG (Music Producers Guild). Show your willingness to get involved to contribute to the issues of your profession from a younger producer's perspective.

You will find a peer group of legends who will share your passion, know their way around a private jet (although some of them own one) and are considerably richer than you. Be polite, respectful, friendly. You'll learn a great deal.

You're welcome.