Of course, I’d do all the obvious things, such as getting a bigger house, a newer car, and quitting work, but beyond that, I have no interest in an extravagant lifestyle—or at least that’s what I tell myself.

By a bigger house, I mean one typical of upper-middle-class living. I’ve watched plenty of videos of people touring million-dollar mansions, and they all look too big, open, and sterile to me. I’ve seen cozier tiny homes than those. And by a newer car, I mean a 2017 model or so instead of the 2007 one I drive now.

Really, give me a nice cottage by the lake with some land and a big garage for all my tools and toys, and I’m all set. I much prefer the idea of “hidden wealth” over showing it off. I’m just kind of worried that I wouldn’t be able to live up to my own expectations if push comes to shove, and there’s really no way of testing that. Am I just kidding myself here?

I feel the same way about fame. Many people aspire to become successful YouTubers or such, but the idea of people recognizing me on the street sounds awful.

  • Fleppensteyn
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    1085 months ago

    If you’re not a wage slave and have a bigger home, think of all the hobbies and interests you can pursue, new things to learn, time to meet people and space to host them, charity work… And you have the energy for things that a job would drain from you otherwise. I think life would be drastically different.

    • @Nolvamia
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      545 months ago

      This sounds like retirement.

      Source: am retired

      • @ickplant
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        255 months ago

        Yeah, about that… a lot of people in the Millennial and Gen z generations may not be able to ever retire.

        • @Nolvamia
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          85 months ago

          Yep, I’m well aware that I’m privileged. I’m concerned about the world my kids will live in as they grow up.

  • @Deestan
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    485 months ago

    I honestly think most people would do what you think you would do: Just reinforce what makes you happy and remove stressors.

    We just notice more the ones who believe happiness is showing off how big they are.

    In addition to what you listed I think you’d probably travel more and consider hiring people to do regular house cleaning and garden maintenance.

  • @paddirn
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    355 months ago

    I think most people who come into money probably say the same thing, but I think it probably depends on a few factors, sociability and impulsivity probably being up there. I think as your standard of living rises, it’s just going to change most people who aren’t well-grounded. Some people blow it all at once, wanting the money to change them because they weren’t happy with their life before, others change over time, but both are changed just from the experience of not having to deal with the anxiety of “survival” anymore.

    When you’re not worried about making your rent/mortgage or getting all your bills paid each month, that’s just naturally going to free you up to think about other things. When barriers to life dissolve away like that, you stop having reasons to not do things what you feel like doing. “I’ve always wanted to see London/France/underpants, I should just do it,” or “I could get a nice entertainment system in the living room… and my bedroom… and the bathroom…” At some point, your standard of living is so far removed from “normal” people, that “it” has already happened, money changed you.

  • @[email protected]
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    355 months ago

    I know a guy who’s worth over 10 and probably closer to $50 million. He still lives in the same house that he did when he graduated university. He drives a 10-year-old car and his son who is one of my best friends drives the car that he had before that as a handme down.

    Some people flaunt it. Some people build it quietly.

    This gentleman that I know has bought both of his son’s houses cash so they have no mortgages. He owns a million dollar cottage on a beautiful Lake and another property on the panhandle in Florida. You would think that he’s on social security though if you just saw him bumbling about his yard.

    • themeatbridge
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      305 months ago

      People don’t really comprehend what being wealthy is like. We imagine the high-rollers table in Vegas, or sailing a yacht in some Caribbean paradise.

      Usually it just means being able to fix your car when it needs repairs. It means taking a vacation and splurging on dinner out without going into a lot of debt. It means hiring landscapers and house cleaners to do the upkeep that two-income families don’t have time to do. It means having kids without going completely bankrupt.

      It’s actually kind of sad that these things are not possible anymore if you aren’t rich.

      • @[email protected]
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        25 months ago

        That’s not wealthy though. That’s maybe well to do or upper middle class.

        Wealthy is your children not having a mortgage and also having a trust fund.

        • themeatbridge
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          5 months ago

          You might want to sit down, because you’re not going to believe what you have to earn to live the life I described. We’re talking top 2% of families.

          • @[email protected]
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            05 months ago

            I’m happy to admit that I live the life that you described. For the most part. Big house and a desirable neighborhood. Couple of six-figure jobs. Couple of nice cars, at least one warm vacation every year and another one to visit family. Kids educations will be fully funded by the time they’re 18. Registered savings accounts are nearly maxed out and will be by the end of this year. The house I grew up in was a single parent home that went through bankruptcy when I was a young teenager, so I’m quite familiar with the other end of the spectrum and I’m putting plans in place to avoid ever ending up there… While still not thinking twice about picking up $1,000 dinner, tap while out with friends for a celebration. Balance as possible if you’re willing to sacrifice some of the shiny things that people seem to want these days.

            I’m grateful for our fortunate position. When I look around I see people living lives quite a bit more extravagant than ours and I don’t quite understand it, but I’m more focused on building my family’s future. So I keep the blinders on and keep doing what seems to be working for us. I’d suggest more people do the same and that would involve spending less time on sites like this.

            • @whoreticulture
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              35 months ago

              You should still recognize that you are in the top 2%, and are wealthy. Poorer people look at what other people are spending money on because it’s unfair that so many people can’t afford the basics. You have to look around to understand the situation. You sound like you don’t other people looking at you… trying to downplay your weath as “well-to-do” or “upper middle class”, which we all know are euphemisms. It’s ridiculous that you would think of yourself as not wealthy, but also not think twice about a $1000 tab.

              • @[email protected]
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                04 months ago

                Nah man, redefining things doesn’t work at all. I’m not wealthy. I’m pretty firmly middle class based on just about every definition of middle class that’s available to any sociologist on this planet. People ignorantly seem to think that middle class is tied to your salary or household income which is not the case.

                I’ve got no problem with people seeing me living the life that I live. I grew up in a twice broken bankrupted household and I’m pretty damn proud of what my partner and I have been able to achieve. I live a pretty comfortable middle-class life and I try to help uplift the people around me so they can do the same.

                I look around me and I see people struggling to achieve the middle class lifestyle that I’m grateful that I have but the fact that parts of society are falling behind doesn’t by default make me wealthy. If I were wealthy I wouldn’t have a mortgage or a host of other things that are currently saddling me financially. The people who can be categorized as wealthy are those who don’t need to work for a living and whose capital sustains them.

                You might not agree with me but that doesn’t change. The facts are reality surrounding our individual financial situations.

                • @whoreticulture
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                  24 months ago

                  You are literally amongst the wealthiest people and are trying to create your own categories. Not working on me, and you barely seem like you’re convincing yourself.

  • @[email protected]
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    345 months ago

    I’m going to assume this isn’t “lottery” ultra-wealthy where you can spend it all and suddenly be back to destitute. So you say you wouldn’t live that differently, and immediately begin with “quitting work.” That’s the first step, because being wildly wealthy does change you incrementally because in this situation you’ve just bought yourself a commodity that once spent can’t be bought back, time.

    You now have 40 hours a week that you were giving to someone else. Add on 5-10 hours for commute time (.5 to hour commute) that can get up to 50 hours for whatever the hell you want to do.

    Buying a new car just a quick glance at Carmax and you’re looking at around $13,000 for a standard sedan. Not many have that pocket change going around, much less to buy the house that at low end houses cost $100,000 so you’re done, no worries, no muss, no fuss and you didn’t give some company your money in interest because you bought for cash. And on buying houses, as competitive as the market is, buying with cash right now at least in my region is about the only way to do it.

    So lets assume you’re working from home right now, you gained back 40 hours. Hey, I want to have a party/trip/etc! Well, your buddies are all working, possibly can’t afford to go on trip, night out to eat. Offer to pay, but it’s still the getting the time off. They’ve got bills to worry about, the ones you’re not even thinking about. Sometimes they’ll show up, other times, not so much. So either you’re out fishing and working on your hobbies during that 40, or working to a new project job wise which really by this point is how the wealthy keep getting more and more money because build up a new thing, hire someone else to run it, passive income. But you don’t have your friends to hang out with, travel and the like, you’ll run into the others that don’t have those concerns because you can buy your way around inconveniences (airport seats are uncomfortable, but those lounges are nice. Why have to take connecting flights? etc) those are also going to be the ultra wealthy. And they have a standard of living that will look more and more “normal” to you. Little bit of peer pressure, little bit of “take a ride in my Lambo” and finding it fun, it’s a frog in the pot situation, you’ll go back to your roots and go “How did I live like this?”

  • @[email protected]
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    305 months ago

    If you did get a seriously large lump of cash… after a settling in period a lot of changes will happen, and you will be happy they did (IMHO).

    The reason is that one of the biggest gifts that wealth gives you is TIME. A lot of the day to day crap that the rest of us need to deal with just evaporates. No need to shop (there are people for that). Want to travel… people will organise everything. There will be no waiting in lines at airports, at restaurants, at government offices… there are people for that. Someone to clean, someone to pick up the kids (unless you want to of course), someone to cook, holidays on a fuck-off huge yacht with crew to manage everything, or just to zip to Paris for the weekend.

    You will probably really appreciate not having to deal with most of that crap. Also, while you probably don’t want a stupid large house, you do want privacy and so will want to get a house on 1000 acres in a gorgeous landscape (plus perhaps apartments in various cities that you like).

    Imagine moving from a food insecure lifestyle to a secure lifestyle where food, safety, housing is always there. Would you want to keep your old food-insecure lifestyle? No. Same with going from a food secure lifestyle to a time-and-resource abundant lifestyle.

  • @abysmalpoptart
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    265 months ago

    I feel like the wealthy people you see are the ones who either get excitement from flaunting it or from lying about it (for example, mtv cribs was all fake). There are plenty of stories (yes i know they’re just stories) about multi millionaires who drive the same old truck, wear regular blue jeans, and have a nice quiet (albeit larger than average) home.

    It’s not crazy at all. I just think we see the outliers more frequently than not because they want us to see them.

  • @owenfromcanada
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    215 months ago

    It depends on how much money it is, and whether you keep it all.

    If the amount were, say, less than 10 million, you’d probably do exactly what you say. If the amount were more but you gave a bunch away to have around 10 mil or less, same thing.

    If the amount is billions and you keep it all for yourself, that’s when it starts doing things to you. In order to keep that for yourself, you have to justify it internally–why is it you deserve this money while others are struggling? The only way to justify it is to demonize the poor–believing that poverty is a moral failing, or otherwise believing that you’re better than others.

    Extreme wealth hoarding is bad for everyone–both the poor and the rich.

  • @breadsmasher
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    195 months ago

    Over the years Ive worked up the salary I earn. I am not wealthy, just earn more than most. I am bad with money at the best of times, but I found my spending just naturally grew as I had more available to spend. If I was suddenly ultra wealthy, at the start I would probably live “normally” but honestly I would likely end up spending vastly more money just because its there

    • @AA5B
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      125 months ago

      Agreed, and it’s not necessarily something big or sudden. Over the years I’ve become more likely to hire someone to care for my yard, more likely to use the AC, more likely to not watch my spending at a restaurant. More likely to go overboard at Costco. I get a better cut of meat, more expensive beer, etc. these are all little niceties I can afford, but they add up to a much more expensive lifestyle that always seems to rise with my income

  • @BeefPiano
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    175 months ago

    You are suddenly super rich. Now all your friends and family expect you to provide for them. Every kindness they offer is suspect, are they doing it because they like you or because they want your money? How can you really know?

    You don’t have to work and can go anywhere in the world. But your friends still have jobs, so you travel alone.

    Some of your friends start to resent your new lifestyle. Others may just be staying quiet. You read about “crabs in a bucket” and distance yourself more from them.

    It’s really isolating, but you meet some other wealthy people and you know they don’t need your money. And… you actually have some stuff in common with them. Yes Ibiza is overrated, but they suggest another place to check out. You go out with them to amazing restaurants that your old friends wouldn’t even appreciate. You can commiserate about how hard it is to get good help these days.

    On top of all that, you slowly start to notice an emptiness inside. You should be happy! You don’t have to work anymore! You have everything you could ever want! Why do you feel this way!?!? Drugs and expensive purchases fill the need momentarily. If try telling your old friends that you’re not all that fulfilled, they’ll pull out the world’s tiniest violin for you. You lack purpose and goals, and feel like you are drifting in a life of luxury completely devoid of meaning.

    If you’re lucky you find a way to have a new purpose in life and accept that the money changed you. If not you spiral and, best case scenario, wind up broke.

    • @Triasha
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      75 months ago

      Don’t have to worry about your friend’s motives if you honestly want to help them.

      Travel a little bit. Spend most of your time at home, either enjoying the simple pleasures, or with friends and family.

      So what if they are taking advantage of you? You are rich! What’s the downside?

      Sure, you have to be vigilant against con artists, grifters, and addicts. You have to draw a line somewhere. Maybe don’t fund their casino trips, drug trips, or Candy Crush high score.

      Extravagant birthday gifts? College tuition for your niblings? Why not?

      If someone is lying to you, you will find out eventually. I’d rather have friends now and let future me deal with the fallout from the grifters.

      • @BeefPiano
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        45 months ago

        One of those guides to “what to do if you win the lottery” says to, up front, decide how much and who you want to fund. Want to buy all your friends and family houses and college tuition? Sure.

        But the thing is that money can make people go crazy. Some people will always want more. Sure you got them a house, but you’re rich, why can’t you get them a car too? And now they’re a little behind on bills, surely you can help them out, right? And it never stops. Not everyone, but someone.

        You might be interested in this podcast episode that touches on the subject: https://hiddenbrain.org/podcast/between-two-worlds/

        • @Triasha
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          25 months ago

          That’s tragic when it happens. I know that it will happen. Free lunches attract flies.

          That doesn’t mean you can’t help people. It means you cut them off when it’s clear they are being hurt and not helped.

      • @[email protected]
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        35 months ago

        The “why not” is that some people actually are harmed not helped by being handed stuff. I tried to help one of my friends who lived with me rent free for a year and by the end he was completely unmotivated to actually get or keep a job, contribute around the house, or even behave pleasantly towards anyone in the house. It happened gradually over time til living with him became intolerable.

        • @Triasha
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          5 months ago

          Then you have a hard conversation.

          I’ve been that person. I lived with my grandparents for a year. Rent free, nearly no job. My aunt and uncle sat me down and explained that they appreciated my work helping to care for my grandparents, but if I stayed with them I would only be qualified for a career as a home health aid.

          I talked to my extended family and moved out. Other arrangements were made for my grandparents. I found a job and started a new career. It’s certainly possible to enable bad behavior, but it’s also possible to help someone that needs it.

          • @[email protected]
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            35 months ago

            Good on you for being receptive to their conversation and actually making improvements and changes. Not everyone behaves that way, some people like my friend just become dependent on the help instead. It’s important to recognize that external help isn’t always the solution; that shouldn’t stop us from trying to help initially but it’s important to withdraw it if it’s causing dependency.

            • @Triasha
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              15 months ago

              That’s completely reasonable.

  • @tamal3
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    135 months ago

    Dunno bud, I’ve met and heard about a lot of rich people in my life (my partner builds high-end houses), and they’ve all been absolute assholes, though some more overly than others. I know exactly 2 nice rich people out of dozens.

    My theory is two-fold: one, to get rich you probably screwed somebody else over, and two, once you get rich you feel an inherent need to protect your resources without ever actually feeling satisfied (gated communities, voting for your own self-interest, suspicion towards normal people).

    I do think that having large sums of money almost always lead toward personal corruption, and I wish we all just had enough resources and societal support to be healthy and happy.

    • @[email protected]
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      25 months ago

      I’m not disagreeing with you, except that we should remember that a lot of rich people inherited their wealth. So it’s not that they directly screwed over other people, but maybe that their parents or grandparents did.

    • @Lost_My_Mind
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      15 months ago

      normal people

      Who are these non-weirdos of which you speak?

      • @tamal3
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        5 months ago

        Like, the people who work to redo the high-end kitchens every couple of years, maintain the gardens, nanny the kids, and clean the toilets. Those normal people. Rich people are terrified of them.

        Edit: “terrified” isn’t quite the right word. There’s definitely fear involved though.

  • @Lumisal
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    125 months ago

    I have similar wants. Just a standard house, maybe some land for a bit of gardening, and a workshop to make things. Donate to certain charities and open source projects etc. Travel a bit.

    But they’re one little thing I’d do that would definitely show I’m rich:

    I’d travel to local forest parks around the world, and bury actual treasure. Like a 3 gold bars. In in actual chest too. Maybe every now and then I’d do smaller treasures that are like a fancy sword or platinum ring or just medieval armor. Idk.

    Then I’d go to the local university and set up riddles they’ll lead to a part of a hidden map, with the map being hidden both throughout the university and maybe online too, depending.

    But it wouldn’t be a straightforward map. It would be a map to a random house built near the park. And somewhere in that house, would be the final map leading to the treasure.

    Why? Because the world could use a little bit of magic adventuring I think. That’s something that just doesn’t really exist anymore in the modern era, in a way. I feel like finding treasure and going on a treasure hunt is something a lot of people as a kid probably thought would be fun.

    And second, university students can always use some money, so they get first dibs too.

    Likewise when I die any children I have would have to go to a mini mansion and solve the puzzles in order to get my last will that grants the finder my money.

  • @[email protected]
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    125 months ago

    Definitions matter, 18% of American households are millionaires. Many of them live just as you describe.

    Ultra wealthy is likely much higher. Let’s say $100 million or more. This is unlikely to happen overnight (in the literal sense.)

    I don’t see how it wouldn’t change you. Even giving the money away would change your time use. (If I gave away $10 million, I would be checking on how it is used. And be very critical.)

    Even just removing annoyances will change you. A nicer car, then why deal with traffic. Food prep turns into no going to the store, which turns into not knowing about advances in checkout scanners (see George HW Bush during some election.)

    Maybe it is not your not changing. The world always changes. Will you change with it?

  • @NeoNachtwaechter
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    115 months ago

    Congratulations, you are living your life according to some values and standards, instead of just being envious and dissatisfied all the time.

  • @[email protected]
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    105 months ago

    Where do you start from? You’re on lemmy, most likely work in tech but are too leftist to get promoted, to the drive a Tesla and get stock option paygrade

    If you enjoy your job, and get enough income struggle to fulfill your basic needs, more money is just some extra comfort. Sure you could spend you holiday in a hotel rather than a camping and get designer furnitures rather than IKEA one. You could finally have the free room in you house to set up a lab.

    So compared to people who don’t even reach the (full time) minimal wage, you are way in advance.

    Most rich people don’t have such an extravagant lifestyle. And many people who show off areren’t that rich( they could become if they stop getting debt and showing off)

    • @[email protected]OP
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      5 months ago

      I’m self-employed contractor. I make enough to buy whatever I want, and I have plenty of savings. However, I often find that my anxieties boil down to finances. Even though things are good now, I’m always worried something bad might happen in the future. With enough money to retire, I wouldn’t need to worry about that anymore and could move on to worrying about other things, like my health and such.