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.

Goodness me, you sound insufferable!

Of course the majority cannot afford a private jet and there will be those worthy people like ones I know, who would refuse to, out of principle because of the right reasons.

Yes I thought this if there's things you want to do with people you really want to do them with fund it. If not make new wealthy friends who can fund themselves.
If you don't like spending money unless it makes money it isn't really a problem that your friends can't afford to do things with you. Bit of a contradiction.
Get an equally wealthy partner and do things together or be happy doing things on your own. Get a dog for company.
I'm afraid I can't really advise any more as it's not my reality unfortunately. But I enjoy spending any money I have on other people that can bring joy.

Possibly autistic yes. (Queue the laughs)

I still live at home, I love my parents and feel as if once I leave. I will regret it if something happens in the future.

Come on now OP. There’s not a chance you’re a self made millionaire in that short space of time. Not without being given a shipload of cash to actually buy property in the first place.

Or did you rent each house out for over £15,000 a month, which, considering tax, is about how much you’d have to have been bringing in in rent 😆 and who is giving a mortgage to a 20 year old with no job?

Holier than Jesus.

Oh well OP. Enjoy your good fortune while you can and make hay and all that. Being rich and healthy must be great. I'm neither 😪😳

I wish you well. Try to do character building stuff, work for a charity, do volunteering, anything that helps others.

Give yourself another purpose and then you will feel less lost 🤗

Have you got a decent financial adviser and accountant? Are you setting aside money for HMRC each year? Sometimes that can be absolutely crucifying so be really well prepared.
keep working, and keep investing. Pay yourself a small salary. The rest is just Monopoly money.
in ten years time you may find your calling. Just live a modest and careful life and any savings and investments you have will become more meaningful when you are older.

If this is even real, then judging by your posts, communication style and opinions of others then I don’t think the lack of connection you describe is due to money. You come across as brittle, defensive, arrogant, and intransigent. You also haven’t described your friends or why you like them - have they supported and cheered you on through the times in your personal or business life? Do you laugh together? Do you have any family members who you love?

I was still at university at 23, I had no money and the family that I came from had no money. It was desperation on a level that few people would understand and I don’t talk about as it is too tragic sounding to be believable, and I don’t want to be some sort of inspirational story about how “anything is possible.” Poverty closes a lot of doors early on and traps many families for generations. It is a difficult thing to explain or to understand for the vast majority, even those who are compassionate.

I didn’t know anyone who was a self made millionaire (or would admit it) at 23 although I did know quite a few who had by that point inherited far more money than you currently have and would make more income from their investments/trusts/settlements than it sounds as though you do. At this stage of my life, nearly 2 decades later, I now know many self made millionaires and again a large number of those who have benefitted from enormous inheritances with good subsequent financial planning. None us want to fly on private jets anywhere (bar one), very few have fancy branded hand bags (although high quality clothee/accessories are usually not ostentatious here) and a lot drive old bangers. At this stage, wealth allows people time with loved ones (at home or on holiday) instead of working set hours in an office for an unsatisfactory job making money for someone else, and it allows a person to look after their health and strength into old age.

I feel sorry for you that you think giving away your wealth in some form would be “the worst thing ever” and I don’t think that you did mean that “respectfully.” Do you think that your friends can detect the same condescension, entitlement and superiority when you’re around them? You’re young and you’ve made enough money to give you a little security for now, but you it sounds like you haven’t found purpose or meaning. Have you been in love and in a truly committed relationship? Do you want to have children? Do you have any family who depend on you? Did you grow up witnessing anything they could become an important cause that you dedicate some of your time and expertise too, even if you never wish to depart with your money? Are there any habits you have that you think might act as a barrier between you and having more intimate, loving and reciprocal relationships?

Good luck to you.

Never said I was a millionaire landlord. What someone presumed. Houses are to store cash

i made music beats and sold them, producing now for people.

If you want to spend money going to places others can’t afford but also don’t want to spend money unless it’s going to make money then which is the issue & which is the priority? Surely if you don’t like to spend money then you’d still be quite aligned with your friends in that sense, they can’t afford to do these things & you don’t want to spend money on these thing.

I do think a therapist would be valuable to you & good expense because it’s going to help you with these things you’re currently struggling with. I don’t have anywhere near your amount of money, I’m disabled & am self employed working part time hours but it was really worth it for me to spend the money on a therapist to help me with some things I was struggling with after becoming disabled after a serious collision where I was crushed between two vehicles

Oh no your friends can't afford to split the cost of a private jet with you OP?! They are painfully average people and such a let down. Maybe mix in a more "affluent" circle and ditch those poor peasants?

Just to add, if the money you made truly is in music production, is that something you find interesting and meaningful? Can you branch out further from this? Seek mentorship and close relationships with others who have done well in the industry and may indeed have left it for something else?

Once again, I have a music production company.

the money I made was put into them houses.

That was explaining my investments and current state of affairs

You can always give it to be if it’s such a bind.

Oh ok, this is the problem then, not the money itself. If you aren’t prepared to be sufficiently generous in proportion to your wealth/income (eg I have £7k savings, income after tax of around £2k per month - and spend maybe £150 a month average on gifts for friends & family) then people may think you’re a tightarse.
**( I quoted the wrong comment here, this was in response to OP’s post saying ‘I don’t believe in handouts’)

Yes, OP DOES need to earn money. If they're only in their 20s the money they've got in assets and savings isn't going to get them through life comfortably past retirement unless they've got another source of income. And OP says they have a job earning a lot of money. If this is all true and it IS music, then presumably that's more of a passion than a 9-5 working for a charity for way less?

You are disconnected from "average" people because you are rude and self-righteous. Your posts are condescending and it is no surprise you struggle to maintain friendships. This has nothing to do with your moderate wealth and everything to do with your attitude.
Grow up.

A successful, young, male music producer finds his way to mumsnet to ask for help… lol. These trolls get worse, they don’t even try to make it believable anymore.

I made everything I have from music.

i am stil making money, money is not the issue and making more.

The best post on this thread

🤔

Kiera Knightly said that she gives herself a stipend ie a yearly salary so that she lives on the same income as her friends who are all teachers. Splurge on the things you want to -house, holidays and then when it comes to hanging out with them give yourself a budget. Or get new friends.

I will say that posting on a forum where multiple times a week people share how much they are struggling with money is tone deaf though.

But your friends would only know you have so much money if you go about bragging about it to them. That’s what creates the disconnect. If you had kept quiet and not shoved it in their face, they wouldn’t have known and you would still have friends to spend time with. A little humility would go a long way.
By the way you write about yourself and your money, you come across as so far up your own arse you are licking your own tonsils. That’s why you are lonely and disconnected

Thank you 😁 xx

I’d imagine they’d be too busy to be on MN, it’s mostly people wanting childcare advice and how to make their salary go further.

One of your posts, about private jets etc, sounds a little vacuous if you want to have real, genuine friends. Private jets are also very bad for the environment, just use first class.

Do you ever watch young self-made millionaires on Youtube to get a feel of how they live their day to day lives? The guy who created that gym stuff (something Shark?) became a billionaire in his early 20s, seems very down to earth (or at least did last time I saw him talking). Check him out.

I don’t think flashing your wealth with fancy cars and private jets will attract the right sort of people, it can actually turn people off (not out of jealousy but perceived vacuousness).

I am replying with the honest truth.

I’m not trying to be rude. My friends earn an average wage. Much less than I do, it’s the truth and i apologise if that’s coming across rude