In 2018, my networth was 1 Million. It reached to 5 Million now. I am trying to understand if there is any visible change in my lifestyle that would clearly appear to my friends/neighbors, but I am not able to find anything. I still live in the same house and my kids still go to public schools. (Internally, the price of house doubled). I still have two cars, just replaced my Camry with today's Camry (Tesla). I am still waiting for my Green Card to arrive. Two Vacation a year changed to Three. But lot less eating out. Anyone who has gone through a similar journey, has anything changed in your lifestyle that you feel or is clearly visible? Edit: Didn't expect the overwhelming number of comments. Some information people asked over comments - NW breakdown - Primary home 1.5 Million (2 Million value, 0.5 loan), 2.5 Million (Investment + Retirement), 1 Million Rental (paid-off). - Why public school > I live in 8/8/9 public school. Private school homework scares me off lot more. - Do I fly business class - Not for India, its 35K vs 8K for family of 4. For shorter distance, I just pop a melatonin. I spend lot more on hotels (minimum 4-star) and always get one of the nicer rental cars. - Why not buy GC? I would rather give it to charity. - Am I frugal? No, I feel we were overspending when I had one million. - Biggest change - not chasing a Promo but also not coasting. - TC - 900K
at that point you can retire and change ur lifestyle if you want
Invest in buying 1 rental house a year and once you have 5 can retire with 5+ million any day. Excerise more now and stay healthy to enjoy the worth
Money at some point doesn't buy you happiness. You hit that point. You really only see a lifestyle change maybe once you hit hundreds of millions for private jet life, etc. But otherwise, you finally are around the net worth of money not buying happiness. Congratulations. Also the difference is you can retire unlike before.
This is pretty much the answer. Don’t try to reach to 100M for lifestyle change only to sacrifice happiness. That’s a stupid trade off. Be happy you ARE happy and decide when you can retire.
The difference is you're free to retire or do whatever you want.
TC n yoe
You don’t have to work anymore. 4% is 200k/year.
How's the comparison of your happiness, self satisfaction, fulfillment in life at these two stages? Genuine question. What about that of your family?
Lifestyle benefits start to saturate quickly. Get to 30M and you will be wasting time on estate tax planning with lawyers and maintaining Nevis trust for asset protection.
You now have $5M worth of peace of mind and personal freedom. That should be enough.
🥱 Why don’t u donate 4M then
😂
Health is the new wealth Raju. Hit the gym and flaunt that ..