How'd you spoil yourself when you feeling "rich"?

[haha]

I think it would take a lot more than I am ever likely to have to make me feel rich.

If it ever happens, I get a view condo in a concrete building in Seattle or Santa Monica or maybe San Francisco, and a Boxster class car.

I can't think of anything else that wouldn't seem more trouble than it was worth.

Oh yeah, and world piece. 

Ha

 

[TromboneAl]

Embarrassing, but I have to honestly say that I'd invest it, then spend a lot of time looking at my new net worth figure, then look at some graphs of how it increased that figure, check out my asset allocation, calculate my new SWR, then go back to looking at the net worth figure.

Sick, huh?

 

[Nords]

Sick, huh?

Don't forget the part about cackling & rubbing your hands like Montgomery Burns...

 

[Enuff2Eat]

Embarrassing, but I have to honestly say that I'd invest it, then spend a lot of time looking at my new net worth figure, then look at some graphs of how it increased that figure, check out my asset allocation, calculate my new SWR, then go back to looking at the net worth figure.

Sick, huh?

.


TromboneAl... oh yeah, that's sick but as long as the way you spoil yourself. Go for it. I, myself, am not that far off.

joy the club

enuff

 

[brewer12345]

Embarrassing, but I have to honestly say that I'd invest it, then spend a lot of time looking at my new net worth figure, then look at some graphs of how it increased that figure, check out my asset allocation, calculate my new SWR, then go back to looking at the net worth figure.

Sick, huh?

Not long ago, I would have said the same thing.  But I see some older, VERY successful investors of my acquaintance who wouldn't have a clue how to spend/enjoy even a modest amount of their fortune, and that is mostly due to just being in the habit of shoving it away that they haven't even given a thought to it.  Since I don't believe in inherited wealth, I don't want to end up that way.  I'd rather use a smidge f the excess to enrich my family's time together and maybe help out a few others along the way.

 

[unclemick]

Don't forget the part about cackling & rubbing your hands like Montgomery Burns...

I tryed to avoid any outward signs - but the  women knew anyway. Could sort of read my mind sooooo: extra travel, some put off remodeling got done and for smaller amounts there was spend the big bucks and go see a Saint's game, spring for the crab, shrimp or crawfish and get the friends and neighbors over for a seafood boil/party. Or a trip to the casino - she liked the slots while I consoled myself at the buffett.

heh heh heh heh

 

[SteveR]

Embarrassing, but I have to honestly say that I'd invest it, then spend a lot of time looking at my new net worth figure, then look at some graphs of how it increased that figure, check out my asset allocation, calculate my new SWR, then go back to looking at the net worth figure.

Sick, huh?

Or you could convert it all to dimes put it all in a large vat and then roll around in it every day.

At some point you have to change the valve setting from "miser" to "spender."

The goal is to live out the rest of your life and die happy; content that you lived a good life and did most of the things you wanted to do. Death with regrets is a terrible way to go.

 

[Nords]

But I see some older, VERY successful investors of my acquaintance who wouldn't have a clue how to spend/enjoy even a modest amount of their fortune, and that is mostly due to just being in the habit of shoving it away that they haven't even given a thought to it.

If you've seen some of those people solve the problem, could you post a new thread on it?

We're already pretty familiar with the Bill & Melinda Gates/Warren Buffett solution. But we're curious about the options for us retail investors concerned about giving it all away before finding out that they needed it for long-term care...

 

[brewer12345]

If you've seen some of those people solve the problem, could you post a new thread on it?

We're already pretty familiar with the Bill & Melinda Gates/Warren Buffett solution.  But we're curious about the options for us retail investors concerned about giving it all away before finding out that they needed it for long-term care...

You mean the giving away part? Some build an increasing amount of annual gifts into their budgets. Some do the charitable annuity thing with a hunk of money. Others will the money away when they die.

The lifestyle upgrade part doesn't seem to come as easily, for some reason. A family friend is (easily) a decamillionaire. Lifelong business owner, first generation immigrant, owns a large wad of waterfront and other real estate, large securities portfoliio, and is a very, very sharp investor to this day. He lives in a modest home, drives an older car, won't spend a dime. Should he spend lots of money? Obviously only if it makes him happy. But I can't escape the feeling taht he probably spent too many years of long hours at his business toiling away. There is a lot more to life than accumulation, as we all know.

 

[Nords]

He lives in a modest home, drives an older car, won't spend a dime.  Should he spend lots of money?  Obviously only if it makes him happy.  But I can't escape the feeling taht he probably spent too many years of long hours at his business toiling away.  There is a lot more to life than accumulation, as we all know.

Eh, I'm already the son-in-law to one of those... of course without the decagazillionaire part.

 

[mathjak107]

once a year we do something crazy. One year it was 5,000.00 for 2 road bikes, last year was a 50" dlp tv.
We spent a weekend in manhattan like tourists,never mind we live here .We stayed at a nice hotel over looking central park,we went to a show and dinner for 350.00 bucks at the famous four seasons restaurant.IT was an amazing 2,000 bucks in 2 days,but it was awesome.

 

[tryan]

With each RE closing I stop at the local stoogie establishment and splurge on a cigar. The night of the closing I sit on our screened in porch (after the kids are in bed) and reminise about the property and flip thru the closing docs with an adult beverage - or two. As the closings got bigger I bought better cigars.

 

[Meadbh]

After receiving a large inheritance from DM I made one 4 figure charitable donation and several similar monetary gifts to people who had been very good to DM, who were not in the will.

Then I treated myself to business class airfare and an upgraded hotel room on a conference trip for which I was paying. Nice!

After that, it was back to normal LBYM.

 

[virginia]

SteveR - then when you get a little richer, you can convert from dimes to quarters and roll around in that....
For myself - I usually go to the mall and shop.... It usually doesn't break the bank - I love to buy cosmetics and perfumes!
I do buy higher cost items, but I'm never feeling rich when I buy them. They're usually long desired or long planned to buy items - Like the cruise that I took in January or the bedroom suite that I just bought.
When I'm actually feeling rich, I really never go out and buy higher cost stuff.
I like this thread - I had begun to think things were getting a little boring around here.

 

[jclarksnakes]

...In recent months for the first time in my life I have been feeling like we are sort of well off. So.......I have just started looking for a new car. I always spend several months considering and gathering info before I buy a car and then keep it for quite awhile. No change in that tactic but I am gonna buy something more expensive this time. At this time I am considering either a Corvette or a Boxster S or a Honda S2000. The Corvette is currently at the top of the list. I expect I am going to get some grief here after how bad I bashed the US automobile industry in a recent thread here.
jc

 

[audreyh1]

Well, we really did splurge last year!  I guess we must have been feeling pretty darn "rich":

Audrey

 

[Nords]

Spouse had a few additions to the list:
- A '97 Nissan Altima bought in 2003, the most grown-up car we've ever owned
- Corian kitchen countertops ("fell off the truck", installed on contractor's weekends)
- New lanai furniture-- powder-coated aluminum with an inset lazy Susan
- A year-old convection/microwave oven ($125 off Craigslist)

 

[dmpi]

The only time in my life that I really felt "rich" was when I first got married (at 30) and with our two incomes I could actually think about a car other than an econbox. Then it dawned on me, I could live in a nicer home, eat nicer food, go to nicer places, etc. It was such a rush... to be young and to have stuff available to you that you could never have when you were growing up.  Now, no matter how much money I have now, it can never match up to those days.  

 

[MooreBonds]

Don't forget the part about cackling & rubbing your hands like Montgomery Burns...

Personally, I was never much into the whole 'rubbing your hands' bit. I prefer stroking my chin stubble and smiling as I savor the knowledge of being that much closer to being on FIRE.

Not long ago, I would have said the same thing. But I see some older, VERY successful investors of my acquaintance who wouldn't have a clue how to spend/enjoy even a modest amount of their fortune, and that is mostly due to just being in the habit of shoving it away that they haven't even given a thought to it.

Sadly enough, my paternal grandparents and my dad are also like that. They don't bother to budget their needs to see if they actually have enough or are saving more than they need. Thankfully, I know I won't end up like that...although, as Uncle Mick would know, cheap bastards die hard.

 

[PsyopRanger]

Drove the family down to FL and went to DisneyWorld, SeaWorld, Universal for a week. Paid off our remaining debt (loans, CC) Wife got a shopping spree for clothes. Re-Invested the rest. Dad got to drink a cold beer each night and watch the kids swim, I was hero for a week.

 

[bbuzzard]

I purchase a gun. Preferably a used military rifle manufactured from 1937 to 1945. Something about holding a weapon that was used in the last good war just does it for me. They are also fun to shoot, as they were mostly designed for shooting at very long ranges, 600 to 1000 yards. I guess I am a little weirder than most.

 

[Leonidas]

... At this time I am considering either a Corvette or a Boxster S or a Honda S2000. The Corvette is currently at the top of the list.

Nice list. I've been spending on practical things for the family and the house, but I'm still feeling a little rich and my list is same as yours with the addition of a 350Z.

 

[bow-tie]

Well, we really did splurge last year!  I guess we must have been feeling pretty darn "rich":
Audrey

Dayum, Audrey... that thing kicks all manners of ass!

I have trouble spending any kind of bonus.  The rat-race makes me that way.  I want to get out.   That being said, we are moving, and its gonna cost some bucks to get the place to where it livable, if that counts at all.

I would love to have a reasonably new 3/4T Chevy Duramax...    gives me something to shoot for, I guess

 

[jclarksnakes]

Audrey,
....Thanks a WHOLE bunch. Saw your posted PIC and now I don't feel so rich anymore. That really looks nice. Have fun with it.
jc

 

[astromeria]

We need another calendar: Wheels of FIRE :