I just hit half a million in net worth (liquid assets). I've been saving for my entire career, and single w/o kids (5 YoE, now 240k TC). But I have no idea how to spend it, and it sort of scares me that I don't have any real goals. I don't want a house, since I don't like the idea of being tied down to a particular place. You're going to say hookers and blow... I've tried that, but that isn't particularly satisfying in the long term either (and it's hit or miss in the short term). I think part of the problem is that I make way more than I need to live a good life but way less than I would need to be "rich", e.g. fly first class, wear gucci, buy a supercar. I'm cheap af asset-wise. As a result I can treat money like it's an infinite pool for my everyday living, so I eat out at nice places dressed in Target t-shirts. But this comfortable life is devoid of meaning or mission. I'm negotiating higher salaries without any purpose, just to make the number go up. I get raises and bonuses for the hell of it, no change on my day-to-day living. How do you find purpose to justify saving money?
I find nice really people who are in need of money and send them an anonymous (cash) gift.
How do you go about doing that? I have one friend who can't afford college due to an unfortunate family situation, but community college isn't too expensive. Another friend was saddled with debt not even more than 15k but would be saddled with the debt for over 10 years at her savings rate.
Dude. $500 ain’t shit. That’s a rainy day fund in the bay
You're realizing something it takes normal workers decades to get to. This is effectively your midlife crisis, albeit probably with less sense of your own mortality. You are asking the right questions though. Everything in life up to now has been to work towards financial freedom. Now that it's in your grasp within the next few years, you need to answer what you want to do with that freedom. Freedom scares most people. Life is short, you're in a privileged circumstance, live it wisely.
You don't need to tie down to a place to own a house, you can always rent it out when you move.
Get into mountaineering and winter sports. It will eat up your money quick.
Got a snowboard and season pass already, quite expensive but still only a couple grand a year, and then the gear can be re-used. I suppose I can start paying for everyone's lodging or something, but then I'd be afraid of setting up a weird dynamic between my friends.
Think bigger. You got to get into heli-boarding
Funny. I have $1.6mm saved and because I’m a banker I’ve been told I’m poor relative to tech workers and to GTFO. Tech guy complains about the burdens of having so much money at $500k and you guys start jerking each other off. Clowns. Pure storage guy is right. Get a life. You actually need to talk to women to get a wife.
What the fuq see you talking about. Stfu and gtfo
But you are proabably in the 40s citibank. Most of my coworkers in theirs 40s have at least 5M saved. OP is in the 20s I think
Invest,invest and invest more.Start side hustles ,Try you hand at entrepreneurship etc.Damn dude you can do so much.Try to get into the million $$$ league next
Find a job that is interesting. One where you care about what you work on. One where you learn from your coworkers and are pushed to do more. See how much you can achieve!
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get a wife and a life
#firstworldSEproblems
Getting a wife won't be give you a "life." In many cases it could give a new set of problems that make you want to take a time machine either to death or past long gone.