Overnight Millionaires

Overnight Millionaires

Posted April 13, 2021 by Ben Carlson

It’s basically impossible to discover new TV shows, music or movies before anyone else these days because everything is dissected immediately by some corner of the Internet, social media or podcast   But back when Mad Men came out in 2007 my wife and I were into the show before it became a huge success.1 I wore this as a badge of honor as people eventually played catch-up on Netflix. It remains one of my favorite shows of all time.

The star of the show, Jon Hamm, took some time to find his own success as well.

Hamm was 36 when he got cast to play the ever-mysterious Don Draper. Despite being a struggling actor for many years before finally hitting it big, Hamm credits finding success later in life with his ability to cope with his newfound fame:

I think if you find crazy success at a very young age, then it can be quite dangerous. The road to celebrity is littered with people who got too much too soon and weren’t equipped to handle it.

He also claims this helped him manage his spending and finances better:

I didn’t go crazy and buy some plane or anything nonsensical. Because I’m really not, that’s not my thing. I don’t love stuff. I have too much of it and it kind of just accumulates and gets in the way. So I’ve just kind of tried to definitely put some of it away for a rainy day and then try to make life more comfortable.

Bill Murray once said, “I always want to say to people who want to be rich and famous: Try being rich first.” In many ways, getting rich overnight is much like becoming famous overnight.

People look at you differently. They treat you differently. But you feel like the same exact person. There are far bigger problems in the world than coming into newfound riches but it does create a new set of challenges.

A newly minted tech millionaire wrote an anonymous piece for the New York Magazine called Confessions of an Overnight Millionaire. The article says since this past summer almost 750 companies have gone public raising more than $200 million. This has minted thousands of new millionaires. Throw in all of the early adopters of crypto and you have young people who have made more money in a short period of time than most people will make in a lifetime.

To continue reading, please go to the original article here: 

https://www.youtube.com/watch?v=GMZrEfvwVPY

https://awealthofcommonsense.com/2021/04/overnight-millionaires/