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.

He's ignoring everything that isn't an excuse to repeat that he is a self made music producer with investment houses...

This person didn’t tell you to give your money away.

They said to use it on a therapist for yourself

They also said to use your time to help others = that doesn’t equate to giving money away. There are so many ways to help others

Also something insane like 90% of lottery winners end up going bankrupt.

So you can play this out in different ways, not all of them sensible.

In your shoes I would just keep doing music if that's what I loved. Invest the money. Figure out where I wanted to go with the music / business as I went.

Your 20s are for finding yourself so I would travel as much as I could (I did), and not luxury travel.

When you are young you have the energy and stamina to go anywhere. See the real world.

Why do you think so lowly of those you apparently consider friends? Why are you friends with them if you think they couldn't possible handle you having a bit of money?

They would think you're selling drugs with a G wagon. 😄

My boss made his first million at 21 as a music producer to a famous Canadian artist. You'd know him.
I've just made him £85m. You wouldn't know. I'm retiring on my cut. He's a nice guy.
I have no issue with money as I've been rich and poor.
My first million at 30 and it went very quickly. Be careful. Get a personal recommendation for a financial adviser.

My latest and last gig will be very visual but I have done a lot of gifts in the past. People around me don't ask these days but I don't run with people who use me anymore.
Houses are always a good investment but don't be an arse. Treat people fairly. Living in a rental can lack secruity and people's kids grow up in poverty. They never know when they are going to get notice, it's horrendous.
Kindness will get you far. I've got a budget for gifts each year and some are £1000 but it makes a difference.
You'll make new friends as you get older (my kids are 22/26) and the both had plenty off me but I'd whoop their bums if they pissed it up the wall

I do not want to reveal everything. Look at the hate!

Your equity grew to £300k in 3 houses within 3 years?

The jealousy of some people on this thread is palpable 😂

Why be jealous because the OP is a millionaire? How does it change your life in any way?

My deposits and equity. Please read once again.

You're not revealing anything anyway. It's an anonymous parenting forum. You can answer questions. Nobody is asking for your address or national insurance number.

You come across as quite arrogant and lacking in empathy. Regardless of how much money you do or don’t have those things will make it difficult for you to make and maintain friendships.

You seem to have no awareness (or don’t care?) that lots of people reading your post will be struggling financially despite working really hard.

It also seems unlikely that anyone is a completely ‘self-made’ millionaire at 23 in this day and age. Have you really paid all your own bills and costs since turning 18 and earned enough money to invest in houses without anyone’s help?!

I know more than a few people who are very high net worth, probably not billionaires but 100’s of M.
The thing they all have in common is that they get on with everyone, from the cleaner to the banker. Mostly they don’t go in for flashy cars or clothes, although they all have lovely houses. You’d not really guess their wealth from appearances.
It seems to me, its you creating a problem by constantly reminding yourself that you’re doing better than your longstanding friends. Just go out and do whatever it is you enjoy, make new friends through whatever interests you.
I did read once that the key to happiness is being slightly richer than your friends!
I think you are right to invest to create ‘passive income’ as you don’t know what the future holds, but try to enjoy the fruits of your labour and good fortune too. You never know whats round the corner.

I don't understand what you are saying.

So you started at age 20, and now you have £300k equity in them (let's say that's all 3 houses combined) and £750k in liquid cash, which happened within 3 years.

Renting a house out for 3 years does not create £100k of equity in that house.
Renting out 3 houses for 3 years does not generate £750k of liquid cash.

So the question that's being asked is where all of that money came from?

Good grief. Go and volunteer at a food bank or something.

Pls read what is said. I own a music company.

thats how I afforded them.

i dont care about others situations, I didnt ask them to contribute its their choice. Tell them to go complain to every other well off person.

i will not change to suit them.

@Jonesqua I think the only purpose of your posts is yet further evidence that intelligence and earnings are not positively correlated.

If I was in your position, I'd get involved with something like this. The best business advice available and surrounded by other like minded successful business people.
https://www.tonyrobbins.com/events/business-mastery

Oh my goodness. First of all, well done.

I can understand why some people were a bit disbelieving, but it is believable. I can think of both artists and producers who had that sort of money at your age and I am not even in the music business.

I kind of understand where you are coming from. I was successful (business wise) at a younger age than the people I grew up with or went to university with.

I'm afraid a main way to get through this is to associate more with people who are on the same path as you. You don't have to abandon your old friends, but over time you will drift away from each other. You may need some slightly-older friends for now.

I’m quite shocked at this.
Helping those less fortunate than you doesn’t mean giving handouts. It means having some gratitude for where you are, and how you got there, and some compassion for those less fortunate through no fault of their own.

As it is I’m struggling to have any sympathy with your first world problem whilst showing little understanding of how you come across.

Assuming this is real maybe buy yourself a tiny violin to play? I don’t think they’re very expensive.

Set up a foundation to help young and disabled musicians
Build a studio for them
Hirectutors for them
From philanthropy you can find meaning and build relationships

Quite possibly. It maybe you need to think about a fresh start, new friends. If you are in the music business do you have peers who've got the same problems? There must be the opportunity to make new connections within that industry.

Please understand finances honestly, this is draining…

deposits the amount put down for the mortgage to buy the house. The rest is what my mortgage is vs what it’s worth.

example house mortgage 500k, house now worth 550k. 50k value added in growth which goes towards equity. I’ll keep it simple

I suspect that this is made up. Not ringing true to me.

Oh do fuck off with your disconnection with average people 🤣 this sounds like absolute crap. You have so much money but want to keep it all yourself? Hahhaaaaa

Oh god, you’re unbearable. Maybe that’s the root of these issues and not the money?