Not sure if this is true, but still it boggles my mind how wealthy people can end up in debt. I always tell myself that if I ever become rich, I won’t spend frivolously. I’ll just continue to live as I do now.
Why? Can’t comprehend that there are people with self control? Not everybody would go stupid on spending sprees getting shit they’ll never use and riding around throwing bills out the window.
Spending frivolously and upgrading your life are two different things.
Having a massive boost in your financial situation doesn’t mean you have to live like you are currently. The entire point of getting to the point of having massive wealth is to improve your living situation.
If you’re sitting on tens of millions of dollars and don’t upgrade your situation, you’re an idiot.
So tired of people talking out of the butt when topics like this come up. As if it’s some honorable thing to live way below your means.
Smart people will indulge a little bit, but save up the rest and invest what they’re comfy with so that money can last a damn good while.
Most of the ones with these crazy sob stories are those who… well, don’t. So someone saying they won’t spend frivolously are probably not talking out of the ass.
But then again, having a shit ton of money can change friends into enemies in a heartbeat as well…