mo money, mo problems?

[Anonymous]

Anonymous wrote:I have a trust fund that contains more than I could spend, and am also a high earner which means I dont have to touch my trust to live the lifestyle I like.

What does that mean? It means that I have a deep innate understanding of the notion that money does not make one happy. Rather than spending years of my life focusing on earning so I can spend, so I can learn that lesson, it means I learned it way faster than other people. That leaves me with the question of "What does bring happiness", and for me, it is my kids and travel. Now, I spend all of my time and focus on those things, and I am much happier.

Money gave me the time to sit and consider what makes me happy.

Money tends to be a requirement for travel

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have a trust fund that contains more than I could spend, and am also a high earner which means I dont have to touch my trust to live the lifestyle I like.

What does that mean? It means that I have a deep innate understanding of the notion that money does not make one happy. Rather than spending years of my life focusing on earning so I can spend, so I can learn that lesson, it means I learned it way faster than other people. That leaves me with the question of "What does bring happiness", and for me, it is my kids and travel. Now, I spend all of my time and focus on those things, and I am much happier.

Money gave me the time to sit and consider what makes me happy.

Money tends to be a requirement for travel

Sounds like someone has never been on dead tour.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have a trust fund that contains more than I could spend, and am also a high earner which means I dont have to touch my trust to live the lifestyle I like.

What does that mean? It means that I have a deep innate understanding of the notion that money does not make one happy. Rather than spending years of my life focusing on earning so I can spend, so I can learn that lesson, it means I learned it way faster than other people. That leaves me with the question of "What does bring happiness", and for me, it is my kids and travel. Now, I spend all of my time and focus on those things, and I am much happier.

Money gave me the time to sit and consider what makes me happy.

Money tends to be a requirement for travel

What do you do for a living as a "high earner"?

[Anonymous]

FinTech

[Anonymous]

I'm throwing money at my problems by going to therapy.

[Anonymous]

Definitely not.

[Anonymous]

Anonymous wrote:Possibly more problems, but they generally go away when you throw money at them.

I remember a time when I was splitting rent and utilities with a roommate post college, and my only real problem was engine trouble with my car. I agonized over my (expensive for me then) options because I had little disposable income.

Now if I had engine trouble I would replace the car without thinking twice. I own a large house with all of the maintenance issues that entails, but I can afford to call someone up to take care of them and not worry about the cost. So yes, more problems (life isn’t as simple as it was when I was 22), but those problems are easy to resolve.

Well said.

[Anonymous]

Money solves problems and money creates problems. But if you are smart and have a mature attitude about money you can avoid creating problems.

[Anonymous]

Anonymous wrote:Dealing with attorneys, accountants, financial advisors, property managers, relatives asking for money, getting your kids to not depend on Bank of Daddy

vs.

Being poor. Like, broke-ass poor in a bad neighborhood with terrible schools, not having health insurance, and a car that always needs work.


It's a no-brainer which is worse. Rich people who whine about their money problems are infuriating.

+1

[Anonymous]

Our family has *enough* money for the first time in my life—I grew up in a household supported by a single teacher’s salary, then was a poor student, then married and had a relatively low-for-DC HHI, then just recently reached a HHI of $225k. We still have major stresses, family tragedies, and other difficulties. It’s just that they don’t involve money anymore. By total coincidence, the highest earning year of my life has also been the absolute worst by far. But hey, at least we’re finally able to max our 401ks.

[Anonymous]

Our problems aren’t due to money, but they’ve happened steadily as our incomes increased because it’s age related. Our parents started failing and then our own health, younger than is typical. It’s all the life stuff thaat money can’t fix, divorce, death, disease, disability. It’s been a sad time of life, but having money certainly made many things easier than they would have been.

[Anonymous]

Anonymous wrote:Possibly more problems, but they generally go away when you throw money at them.

I remember a time when I was splitting rent and utilities with a roommate post college, and my only real problem was engine trouble with my car. I agonized over my (expensive for me then) options because I had little disposable income.

Now if I had engine trouble I would replace the car without thinking twice. I own a large house with all of the maintenance issues that entails, but I can afford to call someone up to take care of them and not worry about the cost. So yes, more problems (life isn’t as simple as it was when I was 22), but those problems are easy to resolve.

So true. Graduated college in the early 90s and my crappy car was so demoralizing and stressful. My parents couldn't help and they insisted a new car was a waste of money. College and the two years after college with that crummy car was hell — I can't imagine living my entire adult life in such circumstances, where an unreliable used car breaking can snowball in a massive ordeal. I'd never recommend going into huge debt for some flashy new car but if a 22 y/o college grad with a full-time job wants to buy or lease a VW or Jeep, I also encourage them to do so.

[Anonymous]

A problem is not a problem if you can throw money at it to make it go away.

[Anonymous]

Raising humble, hard working and appreciative kids

[Anonymous]

Anonymous wrote:The only problems are ones you bring upon yourselves like trying to keep up with someone wealthier than you are. If you are living comfortably just continue to live that way and let your net worth grow. Pretend you don’t have anymore money but sleep well knowing you do.

+1