“You can literally spend $5,000 a month without even worrying about it, not even questioning the purchase”

True Wealth: money & business podcast · I've learned from 9,000 millionaires - 7 things they know about wealth that you don't

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What was described

states that someone with $5 million net worth can spend $5,000 a month without questioning the purchase

$5 million net worth; $5,000 per month

Said nearby on the same subject

“It's $300 million equity cap ... they'll generate $75 million worth of cash flow over the next year. They've got $100 million of net cash”
♫
Said on Monetary Matters with Jack Farley
Business model $300 M equity cap; $75 M cash flow; $100 M net cash Share this moment
“I have some numbers from a 2300 net outflow in say October 25. It reached to a peak of 122,000 crores in March, and after that, each month, 40,000 to 50,000 crores on a net basis.”
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Said on The Core Report
Hard number 2,300 net outflow in Oct 25; peak 122,000 crores in March; 40,000-50,0… Share this moment
“Annual net spending target… would cap how much spending can grow each year… if you overspend… you can make it up in the next year.”
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Said on Grattan Institute
Why it worked Share this moment
“You’re able to hold your teams accountable ... you can go back and say, okay this line we wanted $20,000 a month and you’re spending $40,000”
KS
Katelyn Stienen
FP&A Today ·
Why it worked Share this moment

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