I know there are all kinds of definitions for being wealthy. Things like being in the top 1% (or .01%), or having a certain net worth, or income level. Personally, I like the link to having "no financial constraints on activities." So, what are some specific activities that might indicate a person is wealthy? Some of mine include:
1) Purchase international business class tickets (even if you hunt for the cheaper ones) without hesitation.
2) Never even consider going to Denny's, Sizzler, etc.
3) Never consider staying at Motel 6 or Super 8.
4) Spending $100-$200 on a whim. Want that new Amazon Echo? Just buy it and if it doesn't work out...who cares. It was only $200.
What are some of your indicators?
I am not in the Top 1 percent, but i have done all those.
1) I have a relative working for an airline, so i have gone first-class and business- class for a great discount to Asia and Europe. The heated nuts, the ice cream, the wine, the steak, the sleep ... all great in first class.
2) Have dined at the top steak house, but nothing beats grilling my own Prime Rib steak.
3) We use our timeshare, so we mostly stay at Marriots, Sheraton, Westgate and Ocean Beach Club. DW and i just spent 8 days on a 2 bedroom Marriot Summit suite in Park City, Utah to watch the Fall season. I always try to get a 2-bedroom suite or more, so it feels like home.
4) At this point in my life, i dont care much for accumulating more stuff. My latest was buying a 12.9 inch Ipad, but bought it on ebay for $700 like brand new - brand new cost $1000.
We use to have a loghome up in the mountains. Owned it for 6 years, but sold it - just got tired of the maintenance.
Nice cars ... not for show, but just enjoying driving a car.
Sent from my iPad using Early Retirement Forum