Reply to Net worth over $20 million

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have no idea who many there are in the US.

But I have come to realize that people are not frugal once they earn serious money.

I know this because we have 20M through investments and being actually frugal. The people we know who have large salaries do not live like us. I don't think anyone actually realizes how much we've accumulated, since we're still in our starter home, with our starter cars - and that's fine, we like flying under the radar! But I know we are definitely weirdo outliers :-)

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Similar story here.  Worth $16M and live in a small house in a nice neighborhood.  Public schools for kids and 1st is at a public university.  Low to mid 50s and will likely retire when last kid gets out of college.  Expect to have $30M by then.  Drive old cars and buy reasonable clothes.  But nice vacations with the kids.[/quote]

James Grubman ("Strangers in Paradise") calls it the Fearful Frugal.  A bit sad actually.[/quote]

NP. This is essentially us, too, but I don’t think it’s sad at all. When you have a ton of money, you might realize that spending it on frivolous stuff really doesn’t make you happier. [/quote]

I have a ton of money.  That's false.[/quote]

Yeah, the people who say having the money to buy nice things can’t make you happier just sound poor.  [/quote]

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