When they say “it’s all about the journey, rather than the destination” that’s absolutely true. The part that I’ve most enjoyed is hanging out, meeting and become friends with amazing, successful, smart and ambitious entrepreneurs. It’s inspiring, invigorating, and just plain fun.
I still don’t have a private plane or NetJets card, I fly economy-class around North America most of the time, I don’t even have a maid to do my cleaning. I prefer to buy clothes when they go on sale, and I cringe at people who waste thousands on Gucci-this or Prada-that. I upgrade my MacBook every few years, not every model. I still use an original iPad. I’ve never bought a new car (except for my parents). The biggest TV in my apartment is 42".
Experiences, even when they cost thousands of dollars a day, so far have been my best investments. I’ve stopped postponing as much as I used to. The best time is “now”, but to be honest, I could have done many of these things much earlier, and on a lower-budget, and probably still had a great time.
Try this as a test–
Make a list of all physical things you would buy if you had $10 million. Let your mind roam free. Don’t limit yourself to the reasonable.
It’s not that long, is it?
And if you worked a decade or more to earn that money, you’d cross 90% of the items off that list anyway. There’s amazingly few physical things that are worth spending money on once you’ve covered the basics. If I gave you $100K in cash and told you to spend it in a day, you’d be hard pressed unless you bought jewelry, or a car.
Gadgets? Clothes? A bigger TV? Unless money fell from the sky into your lap, you’re probably going to be quite pragmatic about what you invest in. There’s a reason why most lottery winners end up bankrupt within a few years.
The utility of money once you get past a certain threshold is very limited. And I honestly think that most people who want to be “rich” don’t really mean it. What they are really saying is that they’d like someone to hand them a check.
But when push comes to shove, and there’s hard work, sacrifices, and tears involved, they’d rather spend 4-hours a day watching TV along with the rest of America.