Some moment around $1M in net worth does seem to mark a phase transition between sort of solid and liquid states of wealth (except the terms are flipped, below $1M you're mostly dealing with what we term liquid wealth)
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Had a conversation with someone recently along the lines of "So when do you intend to sell X?" "Oh, never." "Wait, what do you mean never?" "... Oh good point, I was also the first person in my family to need to know what margin meant, let me give you some things to Google."
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I am pretty sure i know them... but maybe do a post with these ressources/googling. Just so i check my bases again.
End of conversation
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