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It's called lifestyle creep. You go from a $1 million dollar home, to a $10 million dollar home. Instead of one $50k car, you now own 2-3 $150k cars. Tens of
by TrackerFF 6y ago
It's called lifestyle creep.
You go from a $1 million dollar home, to a $10 million dollar home.
Instead of one $50k car, you now own 2-3 $150k cars.
Tens of thousands of dollars will go towards your kids education, every single year.
You hire people to do work for you (tutors, nannies, maids, whatever), these cost tens of thousands of dollars.
Maybe you buy some vacation property - that's more money to spend.
And, in the end, you're not some kind of high-rolling baller that jet sets around the world in a private jet or yacht, spending fortunes on vanity.
You're really "just" living the very upper-middle class life.