The wealthy never take family vacations.
Look it up, it’s a fact?
Why? Because the flights, the hotels, and meals…no deduction, no return, just a pile of receipts the IRS doesn’t care about.
So what do they do? They don’t take “vacations” they take “family council retreats”.
Same destination, same table at dinner, same hotel but now you’re meeting with perspective investors, you’re running a quarter board meeting with your family office, you’re doing due diligence. Suddenly everything changes.
Flights? 100% deductible. Hotel? 100% deductible. Meals? 50% deductible.
The IRS doesn’t tax creativity, it rewards it.
@PantsToTravel@SteveOnSpeed People can retire on $1 million. They have to choose where to.live carefully and live a modest life. Most people want to travel and have luxury. That's going to cost another million a least.
@SteveOnSpeed 90%
Sure, of course
But in the USA it really isn’t much more than an “I don’t have to worry as much about bills anymore” type of money
You still need to make money
No one is retiring on a million now, that barely buys a decent house
Don’t let anyone fool you: $1,000,000 is life-changing money for 90% of the world’s population.
The “$1M is nothing” crowd is made up of under-achievers living in their parent’s basement who will never have anywhere near a mil.
Real talk
Slow drivers, I’m genuinely trying to understand. Why crawl under the speed limit with a line of cars stacked behind you and nothing but an empty road ahead?
It’s like you’re unaware of the entire world around you. If you’re not in a rush, that’s okay—just move over and let the rest of us go. I am begging at this point.
Anyone else?
@S_U_Network For the ten year stretch Tiger. For the career, Jack. The Tiger slam is the greatest feet in sports history and will never be accomplished again.
@StacksOnStackj@S_U_Network I stood in line at msg for 10 hours as a 17 year old and lost my job for finals tickets in 1991 just to see them choke against the Bulls. Charles Smith, damn you!
@S_U_Network I was a Knicks fan for a season back in 95 because I pulled a Knicks super team card from Stadium Club. When Patrick Ewing bricked that lay-up, I was there to understand the angst of the entire Knicks fan base.
@mondoggg Kids just say shit. You’re doing a great job. Keep showing up and providing. Brother, you’re doing great. That kid loves you more than life itself.
My son told my wife today that he doesn’t love me because I don’t spend as much time with him as she does. I’m the sole income earner in our family of four and try to never work between 5pm and his bed time, and walk him to school every morning. What’s even the point of working this hard if your kids don’t even like you.
@barstoolsports If you think this is going to stop football supporters from walking in masses on the highway and blocking oncoming traffic America’s got another thing coming lol
@bowtiedmeathead I'm 51 and have pics of birthdays with like 15 kids at a bowling alley or backyard. Weren't as expensive as top golf or d&b but bigger parties when a young kid was common.
My 12 yr old son went to a bday party the other day for one of his friends in the neighborhood.
The party was at Top Golf. About 25 kids give or take.
They rented out 4 bays. Tons of food.
Everyone had a great time.
The previous week he went to a kids party at Dave and Busters. Same deal about 20 kids or so.
Maybe I’m a bit old school (and cheap lol) but we never threw a big group friend’s party like that for the kids.
We always told them they can invite 3-4 of their friends and we’ll take them out somewhere or we would have the entire family come over for cake and ice cream.
Now you got parents out doing one another on these elaborate and expensive bday parties.
Maybe it’s just my generation (I’m 46) with everyone trying to be an overachiever, but if you ask me it’s a bit excessive and over the top.
@EERSNATION Big East opener in basketball to Georgetown at home against Allen Iverson. Up 11 with one minute left is my memory. Gave up a 4 point play for them to tie and go to overtime and lose.