Feeling rich? Sometimes. I am amazed at the lifestyle that an education brought me.
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As others have mentioned, not sweating the small stuff certainly makes me feel rich. Ive always been frugal, so just going to dinner and picking up the tab for the table (or simply ordering drinks/apps), not stressing if my wife goes over a bit on the grocery budget...these things used to give me great anxiety. Now, not so much.
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Originally posted by Nysoz View PostHeck, I don’t argue my wife buying groceries at Whole Foods now.
Maybe I might hit that magic number that I too can start shopping at higher end grocery and department stores.
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Originally posted by Kamban View Post
I am reasonably rich that I don't ask why my wife shopped at higher end grocery stores when she could have driven a bit more for the usual lower priced stores. But not so rich that I shop there. I still shop at Lidl and WalMart.
Maybe I might hit that magic number that I too can start shopping at higher end grocery and department stores.
As the net worth grows, the amount of money that's worth arguing over grows too.
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Originally posted by Kamban View PostBut neither will $150B+ make you happy - Just ask Bill Gates and Jeff Bezos.
The right amount is somewhere in between - for feeling rich and happy..
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Originally posted by White.Beard.Doc View PostCharles Dickens said it well. He was highly paid but he had a spending problem, so he understood this quite well.
“Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery”
Being rich is having something left over every month and for that extra money to build up to the point where none of life's financial surprises have the power to stress you out.
My spouse got pickpocketed at the fancy supermarket a couple of days ago. A well dressed couple was unusually close to her as she was picking peaches. The man handed her a peach from one side and pointed out how good it was, while the woman, from the other side, was picking peaches as well. A strange situation in the moment, which then became very clear a short time later when her bag was emptied of her iPhone 12S Pro Max and more. Being rich means saying, "Oh well, what can you do?" and then buying a new $1300 iPhone on the way home without getting upset.
Millions of peaches, peaches for free
(I’m thinking that was their theme song as they sped away from the scene of the crime)
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My family went to a friends house for a get together and my kids exclaimed "they are so rich, their house is huge". I then asked them to reflect on how we live and if they thought we were rich. We live in our own a house, they each have their own room, we go on vacations where we don't nitpick every dollar spent, etc. At the end they agreed we are rich compared to most of America and that they/we are very lucky.
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I don't feel "rich" in terms of accumulated wealth, but I feel "rich" in terms of having no financial stress other than how many million will be in my retirement account at age 60. Bills are paid, 25% of income is saved, 529s are filled, vacations are taken, I never have a feeling dread over how I'm going to afford something I need OR want, and perhaps most importantly, I consequently never have arguments over "money" with my wife.
Oldest of a family of 9 that grew up lower middle class; my siblings have modest / blue collar jobs and live with the expectation of debt: school, credit card, mortgage, health care... Unless they win the lottery, it'll be that way until they retire or die. For them--and many if not most Americans,--debt is a lifelong yoke that feels lighter or heavier depending on transient factors... medical costs, home/car repairs, job performance, school tuition.
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Originally posted by Lordosis View PostIn my opinion if you could shrug off somebody stealing thousands of dollars worth of stuff from you you have too much money.
But... we believe in the concept that you can only control yourself, not others. As far as the behavior of other people, while you cannot control that behavior, you can control how you react.
So after this little incident, we worked on not being upset, or at least not for long. What is losing an easily replaceable iPhone in the scope of life. Not much....
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Originally posted by White.Beard.Doc View Post
It actually was quite upsetting to get pickpocketed.
But... we believe in the concept that you can only control yourself, not others. As far as the behavior of other people, while you cannot control that behavior, you can control how you react.
So after this little incident, we worked on not being upset, or at least not for long. What is losing an easily replaceable iPhone in the scope of life. Not much....
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Originally posted by Lordosis View Post
You have a much more even keel than me.
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Originally posted by White.Beard.Doc View Post
So after this little incident, we worked on not being upset, or at least not for long. What is losing an easily replaceable iPhone in the scope of life. Not much....
That calms them down.
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Rich is a state of mind; not a dollar set on the ledger.
Well-to-do/Well-off: being able to not sweat the daily costs of livings and unexpected expenses -- stolen phone; broken down car.
Wealthy: able to buy most things without even thinking about the costs.
-most docs dwell in the grey zone of well off and wealthy.
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