I’ve changed the names in this post, but everything else is true.
A thought that I frequently have is that most people misunderstand what real wealth looks like. This thought was driven home during a conversation with neighbor Jasmine a couple weeks ago. She started talking about another set of neighbors who I’ll call the Spendywoods (a name shamelessly inspired by the Frugalwoods).
- Jasmine: Wow, the Spendywoods sure have a great life!
- Me: Hmmm, what do you mean?
- Jasmine: They have such nice cars and look at their home. They must be the richest people on our street!
I had to bite my tongue. The Spendywoods do have luxury cars. They have a beautiful home and their children go to private schools. However, I know they are far from rich. They make good money, but figure out ways to spend it all and then some. Jasmine has no idea what real wealth looks like. She would be very surprised to learn that there are at least* 3 very wealthy households on our street, you just wouldn’t know by looking at their homes or possessions.
We live on an average looking, dead end street with 29 homes on it. The street is so boring, I almost fall asleep just thinking about it. The cheapest home that sold recently was ours at $176,000. The most expensive one just sold a couple weeks ago for $425,000. The neighbors are a mix of working class and white collar types. Nothing would stand out if you drove down it except maybe the crapcycle exploits of our new neighbor across the street. One thing is for sure; you wouldn’t be able to pick out the Secret Millionaires’ homes. Continue reading