It really has everything to do with not being rich. A million dollars is not rich. 100 million is.
When you have a million, you make passive income of 60-70k per year. When you have 100 million, you make passive income of 7 million per year (but probably much more), which gives you almost 600k per month. You can do anything and you really don't care about saving money at this point, so you can spend all of it. As opposed to 5k per month, and you are living off 3k per month, trying desperately to save money to re-invest every year.
Donating my money would just make me panic more. The problem is that I have nothing except money. I need to start on something, but I don't know what.
When you have a million, you make passive income of 60-70k per year. When you have 100 million, you make passive income of 7 million per year (but probably much more), which gives you almost 600k per month. You can do anything and you really don't care about saving money at this point, so you can spend all of it. As opposed to 5k per month, and you are living off 3k per month, trying desperately to save money to re-invest every year.
Donating my money would just make me panic more. The problem is that I have nothing except money. I need to start on something, but I don't know what.