is it ALL THAT
I have two friends, both make about the same income, around $250k per year. One lives the high flyer lifestyle - Range Rover for the dd, 996 for the weekend toy, 42' Tiara, 8k sf house, vacations in Naples or Aspen. Most of his possessions are leveraged, leases the vechicles, long-term mortgage on the boat, high-leverage on the house. But he has little to no assets that he actually owns. By contrast, the other lives a very frugal lifestyle - Accord for the dd, no weekend toy or boat, nice but non-descript 2,500 sf house, vacations are long weekend one-tank trips. But he has a substantial asset base and is constantly increasing it.
So one is using his cash flow to finance his lifestyle and could give a crap about long-term wealth and the other is living a minimal lifestyle but building substantial long-term wealth. Which is the right answer? Depends on who is asking the question, I guess. Both are relatively happy, both are driven professionally but each has their eyes on very different prizes.
Money is a means to an end and only you can decide what that end should be and if it truly brings you satisfaction. I think this is true if you make $10k per year or $1m per year.
So one is using his cash flow to finance his lifestyle and could give a crap about long-term wealth and the other is living a minimal lifestyle but building substantial long-term wealth. Which is the right answer? Depends on who is asking the question, I guess. Both are relatively happy, both are driven professionally but each has their eyes on very different prizes.
Money is a means to an end and only you can decide what that end should be and if it truly brings you satisfaction. I think this is true if you make $10k per year or $1m per year.
haveing money is better than not having it. Your problems just become different. If you work for your wealth then you have to work alot to maintain it usually. So, for instance taking a vacation becomes a difficulty because of finding time off rather than how to pay for the vacation. The main thing is the type of person you are. If you are miserable poor you'd probably be miserable rich.
Most of the people who have big $ seem like a-holes to me.
Met a guy one time who lived 2 doors away from a friend of a friend. They had lived 2 doors away for 8 years and the guy had no clue who the neighbor was. Far too busy to care or bother i guess.... that is not my kind of living.
I think different people react differently. some people would still be their same old semi humble self and others would turn into the dickheaded trust baby stereotype..... (paris hilton)....
If I had more $ I would probably buy a bigger house, take nicer vacations, etc..... but I wouldn't act any different, wouldn't buy any nicer clothes (i like Mt. Dew tee shirts), I wouldn't pretend to swirl wine and act like I have some clue what it is supposed to taste like, I wouldn't smoke $40 cigars, etc....... that is mostly for assholes who think they are impressing others....
Met a guy one time who lived 2 doors away from a friend of a friend. They had lived 2 doors away for 8 years and the guy had no clue who the neighbor was. Far too busy to care or bother i guess.... that is not my kind of living.
I think different people react differently. some people would still be their same old semi humble self and others would turn into the dickheaded trust baby stereotype..... (paris hilton)....
If I had more $ I would probably buy a bigger house, take nicer vacations, etc..... but I wouldn't act any different, wouldn't buy any nicer clothes (i like Mt. Dew tee shirts), I wouldn't pretend to swirl wine and act like I have some clue what it is supposed to taste like, I wouldn't smoke $40 cigars, etc....... that is mostly for assholes who think they are impressing others....






