Reply to Anyone else culturally rich but asset-poor?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I dunno why everyone is so triggered by the OP.  I take it to mean focusing your money on experiences, either for your family or yourself instead of putting your money into a large mortgage, luxury car, or vacation home.  Could be in the form of private school, travelling wherever you want when you want without being concerned about a mortgage or other high dollar assets.  Maybe this question doesn’t offend me because I often ask myself and my spouse if we wouldn’t be better off cutting our mortgage and size of house in half, and use that extra money to show our kids different parts of the world.  Is that so crazy? [/quote]

Not exactly. OP’s post specifically says asset poor. Asset poor people can’t afford private school and a lot of travel. [/quote]

I find this topic quite fascinating, as well as people's responses to it.

I know quite few people who fall into this category, not just in the US, but also Europe and the Middle East, where I have lived.  This is definitely not a white people only thing. They value constant learning and often are quite learned in a particular sphere--music, art, literature, science or history.  Some have a bit of the sadness that comes from feeling misunderstood in their dominant culture, others are free spirited.

Most are very good at getting private school scholarship for their kids.  They do travel, usually with very cheap tickets with room and board provided by friends in the places they visit.  Accommodations could be on the floor or a couch, but they are not picky about that. They return the favor when others of the same ilk visit their country.[/quote]

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