People often daydream about the easy life, where they can live in the lap of luxury.
"What would be your first purchase if you came into serious 'f'k you' money?"
People seem to want to be rich enough to live in seclusion.
This Land Is My Land
"Four sections of good pastureland. For those who don't know, that's 2,560 acres, 4 square miles. I'd build in the dead center and never have a neighbor less than a mile from me."
Float In My Moat
"i'd put in a lazy river that ran around the perimeter of my property."
My Own Private Island
"A big old f'k off island a float plane and a self sustained off grid community. Open my fishing camp."
Niche indulgences is the name of the game.
Get You A Fast Car
"SO has always dreamt of driving a Porsche. A very specific model, color, etc. He has it as his screen saver. I would get him that car."
"Paying off the land my husband died protecting so that we can build something to honor him by. Specifically turning it into a retreat for combat vets and active duty members."
"Hire a team of architects to design a big house and put in a bunch of secret passageways and rooms and not tell me how to find them so I can have fun discovering them over time."
"I'd buy a cul-de-sac of posh houses, gate if off and have my friends live there. They all work from home so doesn't matter where."
"Then one day, there will be deliveries to all the houses. Paintball guns. Masks. The full month."
"And as the clock strikes noon that day, I will have a loud battle cry (haven't decided the sound yet) play on a huge speaker."
"I don't need to tell them this is a battle to the death. They will already know..."
These Redditors were concerned about self-preservation without the stress of incurring massive debt.
Take Care Of My Health
"Go to the dentist, optometrist, and doctor without worrying that whatever needs to be done won't cause financial ruin."
"A good lawyer to get me set up for life."
Settle Debts And Drive Off Into The Sunset
"First purchase? Freedom: pay off student loans, mortgage, and any other debt. Can't think of a bigger f'k you :) then a couple Teslas lol"
If I ever came into a ridiculous amount of money, I would first build a retreat somewhere in Venice, Italy, and frequently host a masquerade ball where everyone is required to show up in Venetian Carnivale attire—just short of becoming an Eyes Wide Shut moment.
Then, I would build a luxury home in Tokyo, complete with a theater academy where new productions would constantly be workshopped at night while aspiring young performers hone their skills throughout the day in the many classes taught by my colleagues.
And my home base? Why, it would be near the beaches of Malibu in SoCal, of course.
I would bounce between my three properties in my own private jet.
It's not a big ask, is it?
I love money. Everybody loves money. And anyone who says different is lying. Now I'm not saying I'm in love with money, and that its the only thing that matters, but its pretty great to have.
I've been very poor and I've had a few bucks and I can attest, having a few bucks is better. Going to be bed hungry isn't fun.
Now truthfully I've also seen money bring about immense stress. Once you start acquiring wealth people notice, and they always want something.
So you do have to start being more diligent with the people you surround yourself with, less one. It's all a learning curve. And Lord please take me on the ride.
Redditor u/SheelahSchimek1980 wanted to hear all the details surrounding the acquisition of riches, by asking:
What are some things you realized as you got wealthier?
Money isn't all about counting the coin or buying any frivolous thing you want. It's also about spending wisely and sharing wealth. That's part of the gift, just ask Oprah.
Freefree freedom GIFGiphy
"That the best thing money gives me is freedom to make choices."
"Money doesn't buy happiness so much as it buys security. There's a lot less stress about really critical issues with money, which has the unfortunate effect of freeing up your brain to be worried about more trivial things. But not having to worry about certain expenses or fret over whether a minor indulgence will set you back is simply relaxing."
"Technically I am much wealthier than I was 5 years ago. I've learned the phrase "More money more problems" is for people with no control over their spending."
"More money more problems" can apply to just buying crap, but I think it is actually supposed to be attributed to what happens when you invest and aggressively build wealth. I now have a day job, a Bar I own, and an investment property. All of that on top of other normal day-to-day crap. It's a lot more problems but it generates a lot more money."
"It doesn't buy happiness as much as it reduces certain stresses. Being poor is scary, and frustrating and stressful as hell. Money won't make someone happy, but it will give them the freedom to do the things that will make them happy. My dad works with a lot of rich people and the ones that are the most miserable are the ones that don't do anything fulfilling with their wealth and freedom."
Money CyclePay Me Kim Kardashian GIF by GQGiphy
"You can actually do the whole 'it takes money to make money' thing."
Security, security... security. That is definitely the running theme with wealth. Security and freedom shouldn't have to be a luxury, that is an unfairness of life for sure.
SureHoley Moley GIF by ABC NetworkGiphy
"Having money isn't everything, not having it is."
Panic be Gone
"Everything has gotten so much easier now that I have money. I can afford to live in a decent place so I'm not stuck with awful roommates and/or dealing with a slumlord. Decent food and other creature comforts are easier to obtain. Heck, I've even taken vacations."
"So many problems can simply be avoided by spending a little more money on something with a higher quality or buying some before I need it. Plus, stress is also much lower since my bank account isn't always on the brink of going into the negative. A while back my insurance suddenly stopped working and I had to pay $200 for a medication instead of $8."
"Ten years ago that would have given me a panic attack because I'd have to skip meals to make rent but now it's just a minor annoyance that I can fix down the line. The terrible thing is, I'm not that wealthy. I make just over $70k a year which makes me thoroughly middle class. Just by being above the poverty line I find that life gets so much easier."
the hard way
"Just because you can save some money by doing things the hard way doesn't mean you should."
"I had an argument with someone recently who was extremely pissed that I'm going on vacation but not going to do it on a tight budget. I said that I was just going to set aside some money that will be more than enough and just say "f**k it" and not care about expenses as I know they won't go beyond that amount of money no matter what I do. They were extremely, extremely pissed. Need to have a very tight budget with every single thing planned, price checked and researched for the cheapest price possible."
"The more money you have, the easier it is to make more money. It's like that Cookie Clicker game. It's true when they say the first million is the toughest, because with 8% annual returns, because it'll take you decades to earn that first million, but then it'll take less than 10 years to double it to $2 million (assuming 8% returns), and less than 6 years for the next million. Combine that with using leverage to give yourself even more money, it'll take less time."
Soft Landingmoney rain GIF by Shameless MayaGiphy
"Fortune and luck are not ignorable... they matter more than a lot of people are willing to admit, perhaps for ego reasons, or perhaps they've simply fooled themselves. Also, the cushion of safety and ability to have most of what you need provides a lot of dignity that can't be ignored either."
I love money even more now. I have no shame in admitting that. I will do good things with it. So fingers crossed, for all of us.
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Things we may consider mundane can appear as a status of wealth to innocent eyes.
At the time, I thought a mini-bar in the living room was a signifier of great affluence. Maybe it still is.
Curious to hear about what strangers had to say, Redditor VeryIntrestingPerson asked:
"grandparents giving you money during holidays."
"My grandma would send us a card on our birthday, with the amount of dollars matching our age. And she'd send one dollar to the one that wasn't having a birthday, so everyone got something. That's a very grandma thing to do."
"If I went to a friends place and they had a fridge with an ice dispenser, I automatically assumed they were rich."
"My friends bought a house, and they inherited an ice maker on the fridge that came with it. They put a glass under it to get ice, and out popped a nip of vodka - someone stored their nips in the ice chest to keep them cool!"
"Having a pool at your house."
"An in-ground pool, not just a crummy above ground one LOL. Now that I live where virtually every house has a pool, I know what a money pit it really is."
Ice Cream Upgrade
"Getting the waffle cone instead of sugar cone."
Fancy Art Supplies
"Yknow those nice watercolours? Those huge box of unbroken crayons? A whole set of fabercastell colour pencils? That fancy box like pencil case? Pencils that look like pens but are refillable?"
"ah yes. the sweet smell of pencils out of their packaging, the feeling of god tier watercolor.. the satisfying-ness of seeing unbroken crayons..."
"i got to feel none of those things as a child tbh.. but it was my DREAM to own them.. alas.. it was 200 ringgit (so like 50 usd..
i know quite cheap in the us.. but in malaysia.. not so much... owo)"
"Anyways, on a brighter note, I actually got a pack of these for my birthday! (I'm a digital artist but have a fascination for these lol)"
"American Girl Dolls."
"I got the magazine/catalog in the mail. I would drool over the stuff in there. I always wanted a bunch of stuff from it. My parents never bought it for me."
"Living in a two story house. I was convinced living in a two story house was for the stuff of the ultra rich. Or everyone having their own rooms."
"being allowed to order starters and desserts when we ate out."
"That would be the good life. I remember maybe twice we had ordered some sort of starter, but dessert was really never an option. Usually we didn't even order soda, because it cost too much."
Arriving In Style
"Limos. When I imagined getting rich somehow, literally the only thing that changed in my fantasies was that I would ride to school in a limo and eat more junk food."
"I just kind of assumed that all the crazy things I wanted to do as a kid (like deep sea diving and snowboarding) weren't off-limits because they were expensive, but because my parents were boring."
When you don't have a lot of money, you learn to live without a few luxuries. The point where some things just start to feel unnecessary. Like, who really needs a yacht? It's just another house, but it floats, and it only incurs more and more expenses. A yacht comes with a high price tag.
As such, those of us who are perpetually figuring out where their next meal is coming from? We don't care about some things. And we probably wouldn't see a need for them as we got older and richer.
Here were some of those answers.
Protection plan on video games/electronics.
I know previously with walmart issued protection plans, they're actually through a different company so even if your electronic does break you cant take it back to the store, you have to call, mail in it, and then wait for them to receive it just to get your money back.
I inherited a house that I lovingly call "a ramblin' ranch" - it's all 1 floor and has 3 bd and 2.5 baths. It's spacious enough, but definitely small compared to most other family homes in my 'burb (think 90's and 2000's McMansions) and definitely is still rockin' its original 80's vibe.
We seriously considered moving into a bigger house for about a year. Worked with an agent, saw tons of houses and after a year, we saw that though these houses were all bigger than our current house, not one of them was better than our current house (our house has a lot of unique features which are difficult to replicate in another home) and we've decided to stay and renovate instead and I think we'll be happier (and much less light in the pocket) for it.
Nightmare HOA Stories
A house with a ridiculous HOA monthly fee.
My husband and I have built our house in a community that has an HOA, but it's only $40 a month and they leave us alone. What prompted my comment is that the community next to us charges $350 a month and comes with pools, a rec center, parks and even a small lake, but that still wouldn't make me want to pay that much on top of my mortgage.
Diamonds Are Forever
Diamonds. Everything I learn about the jewelry diamond industry bothers me. From the marketing that makes people think that men have to spend a fortune to prove their love and the weird way that an identical lab grown diamond "just isn't the same" to the exploitation of diamond miners and immense human suffering because of wars financed by diamonds, I say from the bottom of my heart, f**k diamonds.
Also they're the most boring looking gemstone. Of all the beautiful colored options in the world, why did we have to settle on a clear one.
(I don't actually know anything about industrial diamonds so I'm not hating on industrial diamonds and from a science perspective, diamonds are cool. I just hate jewelry diamonds).
But If It's Haunted?
Antiques- especially antique mirrors. I mean yeah, the value could appreciate greatly over time and yeah, there's a slim chance that it might be enchanted but it's just not worth the gamble on the 0.01% chance that it's haunted.
Bags for bathroom trash cans. That's what plastic grocery bags are for. (Even in CA, where we're not supposed to have plastic grocery bags, they have made a comeback during COVID.)
The Guilt Of Spending
Honestly, a lot of things.
I once did the thought experiment, and I realised that if I have a home that I own, and a car and such, I'd struggle to genuinely spend £70k a year (honestly, I might struggle to spend 50k), even if I bought the most expensive "normal" things I'd need. Could I spend 5 million a year? Abso-freaking-lutely I could. But not without going silly on things (you know, buying a 250k supercar instead of a normal car) and artificially going "I want to spend this money".
Like, I wouldn't be changing my diet or my choice in clothes - they're purely functional, it makes no difference to me if my shirt cost £12 or £1200 (well, not strictly true, if I was wearing a £1200 shirt, I'd be going "what the hell was I thinking, spending £1200 on a shirt?" at myself in my head almost constantly).
I'd spend more on my hobbies, and probably travel a bit more, but not dramatically more (though I would go at least business class everywhere, because god its so much more comfortable).
I guess I'm just not that materialistic. I'd rather have board game night every week with my friends than have designer clothes or anything like that.
One exception... maybe a nice big private island to hide from the humans on.
My Car Is Also My Place In Society
A new car. I would just let other rich people buy theirs new and drive it for a year before they get bored of it and buy a new one.
There are plenty of great vehicles on the market simply because some people can afford to view their transportation as a status symbol.
Just A Comfortable Life
Over priced cars and clothes. I wanna be rich but not in a in your face way. I wanna be rich but you don't think I'm rich. A nice-ish house? Yes. A decent car? Yes. Designer and tesla? Nah. I just wanna take care of me, my girlfriend, and any potential children I have or adopt.
Just Eat It
branded antihistamine (off brand does exactly the same thing)
Basically, any sort of overpriced bull. For me, it's not just that I've lived my life appreciating stuff of similar or equal quality, but at a lesser price, but a matter of refusing to feed greed, without getting anything back in return.
I'm not a cheapskate. When my mechanic replaces a headlight globe, and only charges for the part, I make him charge for installation as well, but when some corporation thinks it's cute to charge more than double for anti-allergy medication, because they have advertising and a shinier box, they can eat a bag of dicks.
Some people are born with a silver spoon in their mouth. But the fact of the matter is, nothing is guaranteed for life. Things can be taken away in an instant, including wealth. Here are some stories of people who grew up rich, but ended up poor once they got older.
u/decrypted_ asked: People who grew up rich but turned out poor what is your story?
They had to learn work ethic.
My stepdad managed a casino and my mom was a really well known real estate agent. Before they separated, their combined salaries was in the millions. My stepdad was very good with saving money and my mom was not.
They split up. My mom proceeded to pay cash for a house in an upscale neighborhood. Bought a Porsche, a large truck, dirt bikes, computers, and everything else she wanted that my stepdad told her no for. She started dating young guys, and would pay for them to go to Aruba, the Bahamas, Dubai, etc. She was living a very carefree life.
Originally I didn't take work or school seriously as a teenager because I was essentially spoiled. I had a terrible work ethic and I knew my college was going to be paid for regardless.
Then the housing market collapsed in 2007. My mom lost her clients, her couple dozen investment houses she purchased, and had no income. She had to sell all of her material possessions, her young boyfriend left her, etc. She took her last $300,000 and opened a very niche store which failed after a year. She filed bankruptcy.
I joined the military and left with $37 to my name. I had to learn work ethic. I had to learn how to learn. But overall I've had a very successful career so far. My mom married a doctor to stay afloat and still always talks about how she's "going to make lots of money again to buy us all houses."
It will run out if you're not careful.Giphy
My cousin's wife grew up in a wealthy family, her father officiated their wedding.
They were old money inherited from a few generations of grandparents ago. After years of travelling the world and just mismanaging their money its all gone. Just decades of spending millions adds up.
F*ck those scammers.
We were really well off in Korea until we moved to America. It seemed like a piece of cake for a family like mine to start life anew with enough financial backings. My father had worked hard for his family.
In the first 2 years of our life in America, my parents were scammed by shady Korean immigration lawyers. Twice.
Blew all of their savings and emergency funds.
We started from rock bottom again. I remember skipping two meals a day so we could have food to go around everyone. I also remember pulling the plug on the refrigerator because what's the f*cking point if there's nothing in it. We don't look back or talk about those times anymore.
Glad they weren't a brat.
My father was in the NFL in the 1980s and early 1990s. We lived quite well during my childhood (large house on a golf course, 4 cars, private school, etc.) but once he retired it was over almost immediately. Not because he was financially imprudent, but because it was clear he might not ever earn another paycheck in his life at age 33.
So we moved away back to Michigan in a nice, if not flashy house, and lived a very average suburban existence within his means. My parents are still together and have no regrets about slowing the spending down post-career. If I had been older and used to that lifestyle as a teenager as opposed to a child, I can imagine I'd have been a f*cking brat about the whole ordeal.
Dad went to jail for housing fraud in 2010. I was in my teens and 10 million dollars were seized. Went from a $800,000 house to homeless in 4 days because our family didn't even know he'd been in court for 2 years.
Parents quit a good job cause my dad got tired of the daily repeating pattern, it bored him too much to spend his life on it.
That's how we went from lower middle class to homeless. My dad decided he needed "a break" for a while. He quit his job, disappeared for a year or so, and left us three kids (all minors) to fend for ourselves. (Our mother had died years before, so we didn't have another parent to rely on.)
No drugs or alcohol was involved in his decision, either. He just stopped being a parent one day.
Good for this person.
It's a pretty short and simple one.
My parents are absolutely loaded. My dad was a VP at a major engineering firm, and while they're retired now, they're sitting on about four million in the bank and maybe twelve million in investments and stocks and the like.
They're also scumbags. My mother is an abusive monster who beat me growing up, and my father is an alcoholic who couldn't stop her.
So after college, I made it clear I don't want their money, or anything to do with them. They use money as control— if they're helping pay for something then they think that gives them broad control over me.
So they can go to hell. I've worked for a clean power company my whole adult life, and I've gotten myself to about $60k a year. Of course, the pandemic has temporarily turned my job off, but I'm proud of where I've gotten even if it's much lower than how I began.
Well, not exactly rich but my family was making a fair sum when I was a kid, then there were mass layoffs and now we live paycheck to paycheck,
It's not that we don't make enough money it's just that my parents, with all the respect, are financial imbeciles.
On the bright side seeing them as an example of what not to do I learned everything there is to learn about personal finance and a fair bit about business,
On the stupid side I've, repeatedly, explained to my parents all the necessary steps for them to get out if their financial problems but as my mom put it "If I can't spend my money then what's the point in even working" like seriously woman, you can spend your money but not f*cking all of it!
P.S. sorry for the rant had to get that off my chest
This one has a happy ending.
From birth to about 8 years of age I lived in Mexico with my parents. My dad was a truck driver in the United States. With the income he was getting, living in Mexico was awesome. We weren't rich. We lived in decent homes and had a decent life. Most of the money went to helping other family, food and going out. But to me we lived very good. I don't remember my parents ever stressing about anything financial.
Last thing I remember before migrating to the US was the twin towers. When we came over living expenses increased. We lived in my uncles house in the living room for about a year. After that we rented a room from a family in a bad area. I remember I couldn't go out the front entrance of the apartments one morning for school, because someone got stabbed.
2 years later we got our first apartment, we had no furniture whatsoever, no appliances. We each had a box of clothes. That night we had our first dinner, it was Chinese takeout and we were using an ice chest as a table. Buckets for chairs. We felt happiness and a relief to finally have a place to call our own. It's a beautiful memory for me.
Thanks for reading.
My grandparents were very wealthy so they bought my parents a house and basically supported my family, even paying for my school tuition (I wasn't aware of this). Because of this my parents were lazy and never really had jobs. They were always at home and I didn't find any of this unusual. We had extravagant vacations and I remember being given everything I'd ever asked for.
But my grandpa died when I was about 10, grandma following suit soon after and all his kids started fighting over the money. I'm pretty sure they're still fighting. Anyway, soon half the lights in our house didn't work, our tv's were all broken and our cars broken down and barely usable. I was wearing the same uniform all throughout high school, and as a teenager I wore nothing but hand-me-downs. My allowance decreased instead of increased year by year. There were no more vacations. But my parents wasted the rest of their savings on "appearing" rich, buying fancy jewelry and clothes for themselves and shit, racking up credit card debt. Then they'd host parties for friends in expensive restaurants and I'd feel so angry because back home we'd be eating nothing but canned food.
It honestly scarred me so much that my only goal is to become financially stable, and I plan to stay employed without ever retiring because I don't want to be like them, jobless and stupid.