Of course, I’d do all the obvious things, such as getting a bigger house, a newer car, and quitting work, but beyond that, I have no interest in an extravagant lifestyle—or at least that’s what I tell myself.
By a bigger house, I mean one typical of upper-middle-class living. I’ve watched plenty of videos of people touring million-dollar mansions, and they all look too big, open, and sterile to me. I’ve seen cozier tiny homes than those. And by a newer car, I mean a 2017 model or so instead of the 2007 one I drive now.
Really, give me a nice cottage by the lake with some land and a big garage for all my tools and toys, and I’m all set. I much prefer the idea of “hidden wealth” over showing it off. I’m just kind of worried that I wouldn’t be able to live up to my own expectations if push comes to shove, and there’s really no way of testing that. Am I just kidding myself here?
I feel the same way about fame. Many people aspire to become successful YouTubers or such, but the idea of people recognizing me on the street sounds awful.
That’s not wealthy though. That’s maybe well to do or upper middle class.
Wealthy is your children not having a mortgage and also having a trust fund.
You might want to sit down, because you’re not going to believe what you have to earn to live the life I described. We’re talking top 2% of families.
I’m happy to admit that I live the life that you described. For the most part. Big house and a desirable neighborhood. Couple of six-figure jobs. Couple of nice cars, at least one warm vacation every year and another one to visit family. Kids educations will be fully funded by the time they’re 18. Registered savings accounts are nearly maxed out and will be by the end of this year. The house I grew up in was a single parent home that went through bankruptcy when I was a young teenager, so I’m quite familiar with the other end of the spectrum and I’m putting plans in place to avoid ever ending up there… While still not thinking twice about picking up $1,000 dinner, tap while out with friends for a celebration. Balance as possible if you’re willing to sacrifice some of the shiny things that people seem to want these days.
I’m grateful for our fortunate position. When I look around I see people living lives quite a bit more extravagant than ours and I don’t quite understand it, but I’m more focused on building my family’s future. So I keep the blinders on and keep doing what seems to be working for us. I’d suggest more people do the same and that would involve spending less time on sites like this.