The secret quick ways to make money splurges of millionaires – esi money

1) housing – maybe not technically a splurge, but we occupy far more housing than we need, to the point that I’d call it a luxury. But it adds immeasurably to our quality of life. At least it is a storehouse of wealth to some quick ways to make money extent and has mostly enhanced NW. We do travel less since we bought a weekend home, but it turns each summer weekend into a resort vacation quick ways to make money and it will probably become our primary residence some day.

5) travel – this one really comes and goes in cycles depending on quick ways to make money what else is going on in our lives, and to some extent cash flow (i.E. Good year, bad year, etc.). Spouse finds all manner of transportation, especially flying to be aggravating (which means its front seats on long trips). I am more used to it and can zone out quick ways to make money on planes, as I’ve been a road warrior for a good part of quick ways to make money my career. Fortunately we collect up lots of amex points to apply quick ways to make money to upgrades and such. After a few years hiatus, we are now in the mood to travel, and probably spending about $20-30K a year on travel. We realize its probably a good idea to travel now quick ways to make money while we’re still healthy and mobile.

6) cars is dead last on the list, partly because we only need out car to get to quick ways to make money our weekend house. I do have a mid-range german luxury vehicle, but bought it used, and its pushing 10 years. Plan to drive it into the ground. If we were retired, we’d need an extra car or two (I’d like either a convertible porshe/audi/MB or a tricked out ford F-150 or raptor as the 3rd option). But, who am I kidding… I just can’t bring myself to blow more than ~$30K on a depreciating asset!

Guilty as charged! But, you are absolutely right about the expense – it cost a lot to maintain any sort of home, much less 2 sizable high-end homes. Something’s always breaking, leaking, shorting out, etc. Critters and insects are constantly trying to share your home quick ways to make money with you (who can blame them, it’s nice in there). I’m pretty handy, but my work is very demanding, which means hiring people to do a lot of the quick ways to make money stuff I just don’t have the time, or as I age, the energy to get done.

I can handle most things for the city home, but the rural weekend home requires regular visits from a quick ways to make money housekeeper, a property manager to check in once a week and quick ways to make money after big storms, a grounds tending outfit to look after a lawn, meadows & landscaping, a pool company, a pest control company, alarm company, etc… you get the picture. I should also add that the more upscale the neighborhood/town, the more contractors are inclined to charge – it’s clearly a bit of a sliding scale.

So, bottom line, absolutely, housing is a huge cash suck and yes, anything more than 2,000 sf is a luxury for all but the largest quick ways to make money families. Housing is hands down my biggest luxury – BUT – fortunately I’ve made so much on value appreciation and rental income quick ways to make money (we rent part of our townhouse) on the city house to come out net positive as quick ways to make money it has literally quadrupled in value over the past 16 quick ways to make money years and still climbing – my biggest single financial home run even after subtracting cost quick ways to make money of renovating.

For example, I have an acquaintance who’s big thing is cars – very very expensive, unique, collectible high end cars. He likes to buy two at a time – one to drive and one to store on blocks. He hold’s the investment vehicle until the price has appreciated sufficiently quick ways to make money and sells it. His “hobby” is profitable enough that the sale of the investment car quick ways to make money pays for the fun car and then some. This guy hardly needs to make money on this hobby, but its his way of taking his “splurge” and financing it prudently.

This time next year we are moving to our retirement quick ways to make money home. Your list got me thinking about what our splurge in quick ways to make money retirement will be. I decided I can pretty much sum it up with quick ways to make money one thing and that is our HOA fees at the quick ways to make money new home. It’s hard to really think of them as a splurge quick ways to make money since the fees and our property tax will be less quick ways to make money than half of what we pay now in property tax quick ways to make money in our high tax state but they are fees we quick ways to make money could have eliminated by choosing somewhere else to live so quick ways to make money I am considering them a splurge.

What are we getting in return? Several of the items on your list. Resort living and feeling like we are on vacation year quick ways to make money round. A gated community in the woods, surrounded by wildlife, situated on a 28 mile lake. A newly renovated state of the art fitness center, two outdoor and one indoor pool,a large tennis and pickle ball court complex, newly renovated golf course, pontoon boats we can rent if we don’t need want the expense of boat ownership, a fully renovated club house with a bar, dining room and bistro, endless activity groups, social events, walking trails and more. Did I mention the wine appreciation group who meets monthly quick ways to make money with the chef to pick a menu for the dinner quick ways to make money then with the local wine emporium to select wines to quick ways to make money pair with the dinner? Were looking forward to finding some new favorite wines since quick ways to make money the new home has a temperature controlled walk in wine quick ways to make money cellar.

RELATED POSTS