What does having more money really change in the end?
My parents were musing the other day about what they would do if they won the lottery.
I always thought that if you had more money, you’d just have the same stuff… but it’d be shinier, and nicer.
Like a gold-plated vacuum.
So when I was listening to my parents talk about the things they’d want if they won the lottery…:
- Dad would stop working, not Mom however
- Pay off the last $10K of their mortgage
- Buy a new car
- Go on a vacation, this time for longer than a week
- Fix that possible leak upstairs
Then they stopped.
They had no idea what else they’d do with the money. That was pretty much it.
All of those things, don’t take millions of dollars to achieve.
It takes saving money, yes, but not millions of dollars.
Money, above a certain point ($50,000 I think it is), doesn’t really change anything or make you happier.
So BF and I were discussing this later between the two of us, and we came to the conclusion that the most outrageous we’d get if we had millions is that we’d move to Europe, buy a small shop and sell stuff (not sure what yet).
If the shop made money, great. If it didn’t, oh well. It’s just something to do to pass the time.
However, it’s something we can’t do now, because we really aren’t millionaires, and we still need to save which is much easier in our actual careers.
Honestly though, if I had a sudden inflow of cash, I wouldn’t spend it on vacations or fancy cars, but on investing (read: saving) it instead.
Even if you wanted tons of clothing, how much clothing can you really own and wear?
Good food for thought.