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Reply to "Getting comfortable with money when you don't come from money"
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[quote=Anonymous][quote=Anonymous]I guess I'm looking for similar experiences and what advice you would have for a mental switch, as well as how to raise kids who are aware of the value of money and spending it wisely. Neither DH nor I came from money. We weren't poor, but our parents stressed about money and fought about it, we ate out on occasion but didn't order drinks or dessert, we took one vacation every 5 years, etc. Fast forward 30 years. We have been lucky and have worked hard, and now make and have more money than we ever thought we would. We're not VERY rich by DC standards, but, for example, we could buy a $3M home without straining our finances if we wanted. But I still find myself thinking and acting as if I had much less money, to the point when I fear I may be losing out on purchases that I actually want for the right reasons (e.g., a $3M house that I really love and that checks other reasonable criteria, except that I wish it didn't cost $3M) or wasting time when I could be spending a responsible amount of money at the problem (e.g., outsourcing some housework), and talking myself into being content with the compromises that I'm making, and that I ought to be making if I had less money, except I actually have more. Am I "missing out on life"? I know that I have to answer this question for myself eventually, but wonder what it has been like for you. Also, our kids are still young, but they'll likely never see their parents stress about money the way DH and I did. How did you make sure that your kids understand that money doesn't come from nowhere?[/quote] You are very very very very rich.[/quote]
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