Once you sustain $5-10m net worth, you've made it. Almost. Rich enough to be comfortable, poor enough for one bad bet to send you back. Here's what actually changes at this tier, and how to get to $25m 👇 -Self-funding, barely. A 3% draw on $7.5m is $225k/yr pre-tax, ~$150k after. You can quit but probably shouldn't. Earned income is still the cheapest capital you'll ever get plus it’s more reliable.
-Risk capacity is real but finite. A venture bet going to zero is a bad year. Size so the worst case costs you a year or two, not a tier demotion.
-Borrow, carefully. SBLOCs work here, just at worse spreads than the private bank crowd gets. Keep LTV under 20% so a drawdown doesn’t become a margin call.
-Skip the fancy structures. Estate exemption is $15m per person. You don't have an estate tax problem, you have an income tax problem. QSBS, solo 401k, tax-loss harvesting, no state tax residency or Puerto Rico if extreme/mobile. Boring, cheap, compounding.
-Claude Max is 0.03% of your net worth. Fading the singularity at this tier is a choice. How to get to the next tier: 👇

times have changed player gets grimmed for 1 big blind posts about it on twitter other guy goes yea my bad let me send it back bb returned. everyone friends again mindblowing back then it was the absolute wild west that shit would have been laughed out of the lobby andrew feldman. british guy. the true godfather of bumhunting the euro sites had these high stakes hu sitngos. 10k. 20k. real money and for some insane reason, if a player disconnected while sitting there waiting, the lobby would show it so you could see a crusher sitting a 20k hu sng disconnected click his table game starts nothing he can do and then just blind him out the special thing about our pal andy was that he would do this repeatedly to the same regs he shared lobbies and tables with every day zero shame "see you tomorrow buddy" and yes, i have my own andy story because of that feature i mostly stayed away from the hu sngs but sometimes a whale had been playing them recently, so you sat. waited. hoped one of those days i sat the tables in the morning and started the wait nothing was happening so naturally i decided to use the downtime for some serious self improvement took a nap on the couch wake up to my phone going fucking nuts buddy from finland calling me over and over dude. youre getting blinded into oblivion by haags fuck my life internet is down i run to the neighbors. get online sure enough theres andy and i kid you not, this son of a bitch is clicking raise on the button at the speed of light trying to finish the job and get the fuck out finally i can defend my bb problem is stacks are something like 1k to 19k by now first hand back we get it in double lets motherfucking go still a long way back somehow the deck cooperates and eventually were basically even again and now you could feel it timings. sizings. everything andy is on life tilt he was so fucking close 20k was almost sitting nicely in his piggybank but not so fast jose last hand i still remember i get A♠J♠ flop J♥6♠5♠. top pair. nut flush draw i bet he rips it in almost immediately beautiful only one thing left to do slowroll this fucker into the earth so i tank timebank tank some more right before i hit call i type gg bro. wanna play again? feeling orgasmic call andy turns over 55 set scoops the 20k and disappears and he didnt even say gg