audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Yeah, if you sit on it too long, someone else will spend it for you!We would much rather have these things that $ buys than to just sit on the $.
Yeah, if you sit on it too long, someone else will spend it for you!We would much rather have these things that $ buys than to just sit on the $.
Sick time disappears when you retire with no payout, Unused vacation is paid as a lump sum (no pension benefit) or can be used at the end of your career to increase your time of service.
Years ago when we were still in the early part of our accumulation phase, DW and I often talked about how we would enjoy life, buy this big house or get that fancy car if we ever became "rich". But we found that as our NW grew, our desire for these material things just sort of faded away, and by and large we continue to live the same way, living in the same 2000-sqft house that we bought when we got married; driving the same cars (20- and 15- years old); eating at the same restaurants (with coupons) and wearing the same kinds of clothes. Our only "lifestyle inflation" has been on traveling (before Covid).
I'd be lying if I said that I don't enjoy seeing/updating our NW on our spreadsheet. But while we know that we can buy all sorts of fun toys with it, we just don't have any desire to do so. We're happy with the way we live and don't need anything else money might buy us to make us happier.
Lucky Dude
Very similar story in my household - we are at the 99% percentile in terms of net worth. I worked in software development and wife in pharmaceuticals. I retired earlier this year in my fifties but my wife is still working in an executive level position.
I think that when wealth is accumulated slowly over time (thirty years in our case), the way you handle it is quite different than if the wealth was acquired in a windfall. We have generally
Our lifestyle has not changed much in the past twenty odd years. We have lived in the same 2500 sq ft house for 25 years and drive Camrys.
But we have fixed up our house to our satisfaction by progressively remodeling it a room at a time over the years. We have allowed our kids to go to any college of their choice, cost not being a factor. Little of this shows outwardly however and none of our neighbors or family suspect what our net worth is. I much prefer it like this
Very similar story in my household - we are at the 99% percentile in terms of net worth. I worked in software development and wife in pharmaceuticals. I retired earlier this year in my fifties but my wife is still working in an executive level position.
I think that when wealth is accumulated slowly over time (thirty years in our case), the way you handle it is quite different than if the wealth was acquired in a windfall.
Our lifestyle has not changed much in the past twenty odd years. We have lived in the same 2500 sq ft house for 25 years and drive Camrys.
But we have fixed up our house to our satisfaction by progressively remodeling it a room at a time over the years. We have allowed our kids to go to any college of their choice, cost not being a factor. Little of this shows outwardly however and none of our neighbors or family suspect what our net worth is. I much prefer it like this