Anybody here is experiencing this wealth anxiety?
Who feels that it’s enough and all set now?
It all about perspective…
For me leaving the BA made me feel much more secure.
If you can cut your cost of living in half, you instantly feel twice as secure…
What I am saying is lower your expenses and you will have less anxiety. I think society forces people to keep up with the Joneses. To live on more than you can afford. This is an insane way to live. Always live below your means. It will make you happier than buying a bunch of shit you don’t need…
Buy a smaller house, live in a less prestigious neighborhood, don’t worry about being in the best school district. Only pay cash for cars and all consumer goods
Social pressure makes you want these things that you don’t really need.
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Mo money, mo problems…
Signed,
The Notorious B.I.G. (RIP)
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I’d take mild-wealth anxiety over poverty anxiety anyday. I would NOT want the level of wealth anxiety where I worry that my kids will be kidnapped for ransom.
Most people that come into money lose it fairly quickly.
The article says people worry about having too much. I think very few have that problem.
Personally I think it is much easier to make money than it is to manage newly found wealth… Very few lotto winners and athletic stars keep their money very long…
They spend it without any plan and it is gone usually in less than 10 years.
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Are you telling me to give up my pursuit of my dream home in Palo Alto??? Oh no… I can’t think how it can be like any other way!!! 
Um… tons of one percenters kept up their wealth and keeps going… emulate them not those failed lotto winners… gosh, I’m trying to keep up with the Joneses again aren’t I? 
Actually, that article is very interesting. I think my mom is experiencing a lot of anxiety that they’re describing regarding having enough to retire. She feels like “this is it, I have to spend it wisely.” It’s ironic that people feel it’s ok to spend the money if they think they can earn more, but once they can’t, they get worried.
I’m worried just about buying a house in order to actually be able to retire. I’d take the “did I invest this wisely?” over “will I be living on the street” any day.
I think it’s a good point, though, that the more money you have, the more you feel like you have to accomplish. And why is that? Why do you have to start a charitable fund just because you have more money?
Also, the thing about worrying that your kids won’t work if they inherit a lot of money–true. But your kids might not work even if they inherit nothing and you let them move back in with you.
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There is a trailer park in Barron Park
Just need to be realistic. There are parts of EPA on the west side. Your friends won’t even know the difference…
Perception is reality
The MP-EPA parts are appropriately more expensive though.
No… you can tell for sure… there’s a creek that divides EPA from PA… and the lot size instantly reduced by half and your kids get send instantly to lousy schools…
My neighbors in Belmont had three adult sons who wouldn’t leave. One day they bought a fifth wheel trailer and put the house up for sale. Kids issues and money issues solved.
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The Four Seaons is in EPA… There are now $1m homes in EPA. You weren’t a pioneer like those in 2009, but still time to get on the EPA gravy train. Gentrification is well on its way… you don’t have kids anyway so who cares about the schools, which will be much better in 10-20 years
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What’s so hard about kicking them out the door after they turned 18? Just don’t act like those Asian parents who view their children as an extension of their lives more important than their own…
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You’re right… EPA here I come!!!
The entire economy runs on people spending because they are confident they’ll earn more. That’s what fuels car and home purchases that are financed. Debt levels actually increase the more confident consumers are. There was a negative savings rate before the Great Recession. The savings rate turned positive during it which made it more severe.
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Yes you need to make smart asset acquisitions that generate positive cash flow. Buying million dollar homes will NOT get you there and you will need to be a slave at your day job your entire life…
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You can’t always stay in wealth accumulation mode. Buy your dream home in Atherton and I’m coming to your party in Atherton
Consumption is the primary goal of wealth accumulation
How’s ether doing lately? Rent a yacht and invite us all to a cruise around the Bay after it hit $30k a piece…
You are in it right now.
I agree with wukijun, most of people making lots of $ are not into million $ sales, but the ones that get you $0.10 thousand times an hour or a day without you moving a finger.
So far, I haven’t seen one of you guys telling us you achieved the goal of joining the wealth club. You know, the one where you are at the beach, with a señorita/lady, or a handsome guy while ordering your favorite drink or coffee, whatever, knowing that those expenses are 1/50th of what you are earning at that moment.
Me? I am always in anxiety mode. You know, as some idiots say, trying to defraud people…
