Moving from 150k to 415k TC soon. Always been careful with how we spend our money. Saved more than 50% since started earning. Thinking that we can now afford some material upgrades, Eat healtheir: Walmart -> whole foods Join a good gym Buy that purple hybrid mattress Old Navy, express -> ? How else shall we upgrade our life? Context: - Indians, mid 30s, no kids, never had much money growing up so don't know where to spend - happy with the cars we have, saved enough to buy a house soon #Lifestyle š«š½
Continue saving. Buy your freedom, not things.
Good answer.
If you make 450k, saving 30k more a year won't move the needle in your savings
Luxury cars, luxury items. Spend like a king now. Enjoy your life and definitely a trip to vegas
Terrible answer
Please restrict yourself from deceiving others by providing inaccurate advice! @Siemens
Check out stores like Saks fifth Ave. itās like a department store but only high end clothing. Itāll give you a good range to see what brands you like!
New money goes quickly with this approach
Sake 5th ave is for the ultra wealthy. If you make 400k a year, itās a lot but clothes there can cost thousands for one item. So most likely you can buy a few pieces from Saks but not an entire wardrobe.
health, safety, education, experiences and investments
How does one go about upgrading each of these. Examples would helps, thanks much PS: Username checks out
Health- good gym Safety- maybe an upgraded security system, financial safety would be investing more, saving wisely Education- keep ramping up your skills, take that expensive yet worth it course work? Experiences- Travel, nothing builds character more than that. You are not taking your money to the grave. Investments- same as mentioned before
Okay. Donāt buy most things at whole foods although yes do ditch Walmart for grocery. Things that are good at Whole Foods vs say Costco. Meat, chicken and seafood. Donāt buy your meat where the also sell tires (Costco):)Itās even better at mollie stones. A lot of things in Whole Foods is exact same as other stores just priced higher. Mattress. Yes yes do upgrade. Itās a good thing to invest in. Tho I donāt know about purple. I bought mine at Waldorf Astoria store. Good gym, yes. But u donāt need equinox or bay club. Well bay club might be worth if u plan on spending a lot of time there. Itās more of a club than a gym.
Terrible advice. Costco has really good quality meats, get prime ribeyes or filet mignon. Also if you go to wholefood to buy things you got at other places you are doing things wrong. Take advantage of their meat, fish, vegetables and bakery section
Dude. U just repeated what I said!
Congrats!
Educate yourself on /r/fire on Reddit. Decide if you're going to follow a leanfire or fatfire approach. You spend 25 to 35% of your life on your mattress, might as well make it a good one.
+1 to mattress. Instead of a purple mattress, invest in tempurpedic
God yes, get a tempurpedic. I have one and I get amazing sleep.
H00kers and blow my friend
Great suggestion, I have got a keeper
Confirmed, I blew his friend and it changed my life.
Congrats on your success OP!
Try to see how you can use that money to improve your health - both mental and physical. Hire a personal trainer, go on better vacations, travel to different countries etc.
+100 on improving health by hiring a PT and getting a good eating plan
PT is for motivation, all the info is out on the net.