There is nothing wrong with spending money

[Exile]

Here's another angle about living high on the hog just because one can: Exposure to risk. For example there are some locales like Southern California (my former residence) where car-jacking is rampant. Why would I want to call attention to myself by driving an expensive vehicle like a Jag or show off in other ways. I would like to think that if I were wealthy, I would live comfortably but inconspicuously.

[Exile]

Here's another angle about living high on the hog just because one can: Exposure to risk. For example there are some locales like Southern California (my former residence) and here in the Philippines where car-jacking and other property crimes are rampant. Why would I want to call attention to myself by driving an expensive vehicle like a Jag or show off in other ways. I would like to think that if I were wealthy, I would live comfortably but inconspicuously.

[disneysteve]

Why would I want to call attention to myself by driving an expensive vehicle like a Jag or show off in other ways. I would like to think that if I were wealthy, I would live comfortably but inconspicuously.

That is what they talk about in "The Millionaire Next Door" and describes many of the world's richest people, like Warren Buffet or the late Sam Walton.

[tripods68]

That is what they talk about in "The Millionaire Next Door" and describes many of the world's richest people, like Warren Buffet or the late Sam Walton.

Well Steve, those guys you mentioned are "The Billionaire Next Door".

[osadg]

I'm curious if anyone has read Money CAN Buy You Happiness by MP Dunleavy?
I know the title seems to either interest people, or completely throw them off, but it was a fun little read. The overall point of her book was that you SHOULD be spending money, but in a way that is responsible, and helps you to achieve the things that create happiness in your life. It's all about reallocating money so you can enjoy the things in life that do create happiness, like time with your family and so on.
I'm not a big spender, but I did get a kick out of her approach to spending to buy (not things) but happiness.