Why I’ll Never Live in a Rich Neighborhood…

mansion

Don’t you want to make millions of dollars so you can buy that dream house of yours? You know, the one that overlooks the water and is in a neighborhood filled with other expensive homes?

I used to have that dream, but I recently realized that it just wasn’t for me. Here’s why…

My trip back home

A few weeks ago, I went back home to Orange Country, California, to spend a few days with my folks and to attend a conference in Los Angeles. I know, you’re probably thinking that Orange County (O.C.) is a ritzy area, but by no means is the majority of O.C. like that.

For example, my parents’ home looks like an average home, and it isn’t worth anywhere near a million dollars. This doesn’t mean that my parents live in a bad area. They just live in a middle-class neighborhood. The schools are pretty good, and the fanciest restaurant is The Olive Garden, which frankly isn’t too bad.

As usual, when I visit O.C., I spend time with my folks, and I also set up a lot of business meetings. Because I was also attending a conference in LA, I set up the majority of my meetings in Bel Air, which was close to the conference center.

My Bel Air experience

I met up with some awesome entrepreneurs when I was down there. The meetings were productive, and the people I was meeting were genuinely nice.

The only issue I had is that in a good portion of my meetings, the other person was trying to show off how successful he or she was. People randomly mentioned in our conversations that they owned fancy 6-figure cars or that they lived in multi-million dollar homes.

I never understood why they would show off because whether you drive a Nissan Versa like I do or a Rolls Royce, I would never treat you differently, and I would hope that you wouldn’t treat me differently either.

Luckily enough, none of the people I had meetings with treated me like crap. The worse thing that some of them did was boast about their successes, which is fine. Sadly, I have done this myself in the past.

What I have never done, however, is treat someone badly because they didn’t have money. For example, when I asked the valet for my car (in Bel Air), he brought my car last even though I was second in line of five people. And it wasn’t that my car was far – I could actually see it. It’s that he probably assumed that someone who drives a fancier car would tip more and deserves to be served first.

Even worse, when I was waiting for my car, a few of the locals started making some jokes about poor people and the way they dress. I knew they were talking about me because I was the only one in jeans and a t-shirt.

What these rich people don’t realize

The funny part about all of this is that if you look at the average household income in Bel Air, it’s around $207,938 a year. Hypothetically speaking, let’s say that these people who were speaking badly about the “poor folks” make more than the average person in Bel Air. If we assume that they are in the top 1 percentile of the U.S. income earners, then they are earning roughly $410,000 a year.

Out of that income, a good 40% will go to taxes. Which means they are left with $246,000 a year. And let’s say they have a big mortgage payment of $15,000 a month and an expensive car payment of $1,500 a month. That comes out to be $198,000 in yearly fixed costs. That means they are left with $48,000 to spend on food, traveling, clothes and other things that they may fancy.

So, my big question to people like that is… where’s your savings? When you spend that much money, you are living the lifestyle of the rich and famous, but you aren’t building wealth. If you want to build wealth, you need to invest in things like real estate, which isn’t possible if you are spending all of your income to support your lavish lifestyle.

If you have that sort of lifestyle and you lose your job or something bad happens like an economic recession, you’re screwed. This is the same reason why 4 out of the 6 Real Housewives of Orange County are broke.

My big realization

I know this sounds silly, but that whole experience made me realize why I don’t want to live in a ritzy area like Bel Air or Newport Coast. I just won’t fit in!

Now, if I really wanted to, I could probably fit in, but it just isn’t me. Fancy cars and big homes don’t make me happy. If they did, I could probably figure out how to live that lifestyle today, but I would rather build wealth. Once I have enough money, I would rather use it to try to change the world.

By no means am I saying that all of the people that live in rich neighborhoods are like this. I have a lot of wealthy friends, and the majority are very humble. But that small percent that think that they are better than the rest of the world make me never to want to live in a rich neighborhood.

If you want to break through to real profits online, you need some serious firepower. For a limited time I’m sharing some select tips and tricks Amazon, Microsoft, NBC & Hewlett Packard paid thousands of dollars per hour for, FREE.
  • The step by step guide to monster traffic generation
  • The how-to guide for increasing conversions on your website
  • 7 Cashflow killers your analytics tools are hiding from you
     
 
100% privacy, I will never spam you!

Comments

  1. I totally agree with what you’re saying Neil. I’ve had similar experiences in the past. Not all rich people are like that like you said, but there are some. The majority of wealthier people I come in contact with are very nice and lots of times, even more helpful and caring than someone in a different situation.

    My philosophy has always been to live by the golden rule. We’re all human so sometimes we’ll slip up but at the end of the day, we’re human and we’re all generally working towards the same goal: To be happy and be able to sustain the lifestyle we desire.

    Strip away all the materialistic things and you’ll see that there’s not much difference between us all.

    • Exactly, there isn’t much difference between each of us. Too many materialistic goods and services corrupt how people begin to walk, talk, and act and it’s really all just unfortunate.

      • Sohail Sarfraz :

        Hey Neil – Spot on!

        Some of the rich do think they are ‘all it’ if I must say.

        They need to learn a lesson or two from the greatest investors of all time like Warren Buffett – one of the richest man in the world but yet lives in the same house in Omaha and drives the same old car.

        Like I put it – having a million makes you rich, but having anything in excess of that doesn’t actually make you better off.. you still eat,drink and sleep the same as others! … it’s all goes back to the economy and society we live in.

        :-l

        • Rich people are a Disease…

          I’m talking about the pretentious ones who Flaunt their wealth.

          Listen… When I was young they didn’t bother me but that was then and this is now. Over the past couple decades they raped my hometown. Real Estate developers came and mowed down the forests, and erected wall-to-wall McMansions. My neighbors and friends fled (along with the wildlife I used to enjoy). All that’s left now is my little old house surrounded by ever-larger mansions. How many bathrooms does a family of 2-4 require? How many garages and how many luxury cars? How many spotlights must they have blazing from their homes all night long?
          One jerkoff gets a super-sized in-ground swimming pool and the other neighbors have to have exactly the same thing–no, better yet, Bigger ones. Hand-laid brick or stone driveways with the components imported from Europe have now replaced the simple paved driveway. Everyone’s getting them. They don’t even use their garages since they defeat the purpose of showing off their luxury vehicles. Instead they have these huge torus-shaped driveways which are literal showcases of their vehicles. If that still doesn’t get the attention of passers by they’ll park their cars on the road. The guy who lives across from me has to have The Biggest in everything on display and won’t settle for small or second-best. A new house going up means the existing McMansions Must be expanded to keep up with the “competition.”

          I really hate these people. Even the more so because they treat me and my modest home like trash, literally throwing empty bottled water bottles on it. A window in the back was broken and I think one of them chucked a stone at it, probably thinking that because I don’t light my home all night long there’s nobody living here so it’ll be torn down soon enough.

          I have natural ground coverings where as my neighbors have exotic super-green grass which is tended to by elite lawn services on a weekly basis. They think I envy them and their oh so precious lawns of poison fertilizers. They think I want to be like one of them. They’ve destroyed the eco-system of this town and the existing wildlife is dying from the noise and pollution created from the near-constant running of lawn machinery. These people will not even drink the tap water provided by a man-made reservoir put in a fraction of a mile away in the 1960s for drinking water purposes. Instead they have bottled water vans delivering their crystal spring whatevers to their homes. Tap water is poison to them and only fit for watering their precious lawns.

          I can’t take these people and I fear they will take over America in due time.

    • Hi Mike,

      true that we are the same without all that materialistic things. But honestly that is an excuse to enliven people who lack ambitions. Also, this sugarcoats disheartened people who are materialistic for any kinds of desires. In other words, the philosophy sounds only sweet to ears. Practically, it is hard to follow.

    • There is a saying but I can’t reproduce it here :D The truth is that all humans are the same, but people many rich people forget where they started from and start acting like they rule the world. Of course, there are some very rich people which actually rule the world (Google “Zeitgeist the movie” to see what I am talking about) but that is another thing. I can’t say that I’ve people like you described Neil, but I can say that I’ve met poor people that they were acting like they rule the world and having an attitude of “I know everything”. I think those kind of people are actually worse than rich and cocky people.

  2. I think that in most cases it’s these high income paycheck to paycheck show offs that have the bad attitudes, and look down their noses at people. Those who are truly wealthy are often very approachable, generous, and kind.

    • It’s not that all rich people are snobby, just a select few. Even though it’s good to have a higher standard in life, looking down upon people based on how their dressed is just wrong.

  3. I’ve personally rode through bel air and i was shocked the whole time. But any how those who bragged about they’re wealth seemed to have a lack of who they truly are. Honestly do they know as much about you as we do?

  4. I’ve had similar experiences with rich people, but as you said not all people that live in rich neighborhoods are like this. Two of my friends are well known surgeons and live and Newport Coast. However, you’d never know they had money because they are as humble as can be.

  5. I like Neil’s advice because he is always down to earth guy. Despite the fact that he is popular on the internet, he always replies to each and every query.

  6. Typical Patel behavior. lol.

    But the problem isn’t that these people made fun of you because they are rich, its because they lack education and or not diverse enough in their life.

    I know plenty of rich people who you would never know they are rich, they drive normal cars, but you damn sure bet they live in rich areas. Some people live in rich areas because of the school systems, some need to network, or otherwise just enjoy many other benefits than middle class areas.

    I understand what you are saying, but your empirical evidence has skewed your thoughts.

    • Despite the fact that they lack education… we are all still just humans. To treat someone differently based on the way one dresses or the car they drive is wrong anyway you look at it.

  7. Sadly I know people who behave like that and they aren’t rich, they’re just a little bit better off then the people they look down on.

  8. True, but one thought.

    Many wealthy people (especially when they are young), might indeed be to eager to show off and one can legitimately which purpose all that materialism serves. However, I do not think that is relevant to ask if they really make so much money – I think the paragraph on their savings and broke housewives slightly misses the point. I mean, even IF you really make 10 million a year, even IF you are smarter, work harder and are possible just better off, that should not affect how happy other people are.

    Knowing someone seems rich but is really going bankrupt in the next recession might soothe me. Being able to congratulate someone on his 10 million dollars while wearing old jeans without feeling too different about myself seems to be the better option though.

    I do have to admit – this method still makes you wait for your Nissa Versa longer than the other guy…:)

    What do you think?

    • It’s true that if you have bookhu bucks and you’re young, you’ll end up spending a lot of money on some flashy things… but to treat others differently is just not a great thing to do.

  9. Power Colon Cleanse :

    I would say that your “mortgage and car payments” are a little overinflated. $1500/month car payment is $90000 in financing. $15,000/month mortgage works out to $2.7 million in mortgage loan.

    I certainly see your point, but most people making 410k won’t go big like that…

    Even still, having 4k per month after taxes, mortgage and car payment is PLENTY to live a KILLER lifestyle. Most people provide for a 4-5 person family on that much total!

    • Yes they do and that’s why so many families are up to their ears in debt. Making 4k a month after all those expenses would mean that you’re making a 6 figure income.

  10. Neil,

    I understand where you are coming from and I agree with you. I would go so far to add that those with inherited money are usually the individuals who are not humble. People who choose to build their wealth and are self-made are usually very humble in nature – they understand that their wealth can have its ups and downs and what you have today – you may not have tomorrow.

    I read a book recently called Decamillionaires – it spoke about how many of the individuals in the 10-100+ million dollar net worth were typically unassuming and frugal by nature – one would not be able to tell they were a Bill Gates or a Warren Buffett simply by looking at them.

    I also think like some of the other people here mentioned – it has to do with your life experiences. Having come from a life where I once lived two years of my life on the streets of India with my mom and brother when we were penniless and now living in the states and being better off has definitely given me a different perspective on life.

    There are individuals I know who have never been exposed to hardship, negativities, or the downsides of life – most people who inherit wealth fall into this category. Additionally, family has a lot to do with it – we come from a culture where we listen to our elders and traditions mean a lot. There are a lot of reasons – age might be another factor as well.

    PS I drive a Honda civic 02 – its super reliable, I wouldn’t mind the 10 seconds of fame every time I pull up in front of a nightclub but at the end of the day – its a high consumption lifestyle – I can’t fathom making $412,000 and having only $40,000 in disposable income after expenses.

    • lol… Thanks for the insightful response Jey. I agree with you saying that a lot of it has to do with how people were raised. People who inherit wealth act a lot differently then people who built their wealth from 0 to everything. Being genuine and humble is something that is taught to you.

  11. Agree with the generality, Neil. However, One of the richest guys (net worth was well north of $100mil) I’ve ever met in my life drove a ’84 Ford Taurus, worn old t-shirts and worn jeans with holes, and would purposely order the least expensive thing on the menu when eating out. While the dude was obviously incredibly humble, I thought it was overboard, he took it too far and it was a waste.

    • You may think it was a waste, but the truth is that he may just view as a frugal and conservative life style. As long as he’s happy with what he’s doing is really all the matters.

  12. There’s always more than one way to look at things, and I look at it in 2 ways.

    (1) Totally understand you wouldn’t want to be associated with this side of ritzy people – they lack that sensitivity chip that illustrates self actualization, which is the highest need for human beings. Judgments and discriminatory statements from the haves are nothing to be inspired by or admired – and people have a need to grow personally.

    (2) It’s really a game. Let’s say Sam Jones talk about poor people and inflate his success, well Bill Smith is going to join in because those are the rules of this ritzy game. Sam raised the bar with a statement, and Bill knows it, so he’s going to call Sam on it by contributing to the conversation. Or live in Newport Coast, drive a Rolls Royce to keep up with the Jones’…it’s the Jones’ Effect.

    There’s nothing wrong with playing the game (living in a rich neighborhood, drive a Range Rover), but the problem is that most people play the game and they believe it’s real and they believe that they are better and more successful than people who don’t flaunt their success and riches just because they live in the fancy neighborhood and eat the fancy meat. And although the Jones Effect can get you riches and wealthy, it’s temporary, because the truth will always reveal itself.

    Ever seen Buffet speak? He is as humble as your grandpa and he still lives in the same house for year. He continues to build wealth because he lives by fundamentals not extravagances.

    • To add to your humble traits, there was a great interview on Buffet on NBR on PBS years ago:

      In that old house you speak of, a dining room chair had a broken leg he never bothered to fix for a decade;
      His kids grew up never knowing how rich their dad was;
      money was absolutely such a trivial thing for him, he said most important thing is to just be loved.

      anyway that’s my 2 cents on Buffet.

      Neil: I understand your point. The world is full of jerks that need to feel better about themselves at the expense of others.

    • Buffet is one of the best examples one can give on being humble. I agree with you with the whole ‘jones’ effect. Everyone wants to one-up another. I still find it unfortunate that some of these people would completely alter the way they communicate with those who they assume aren’t at their standards.

      • Well, you know what they say about success: success & money doesn’t change you, they magnify who you really are. We needn’t be scared of money, we should be scared of ourselves. Money doesn’t do us harm, we do ourselves harm.

        It would be irresponsible to blame it on money, success, and fortune – it’s more responsible to take accountability.

  13. Neil,

    Very interesting post. I have this talk with my fiancee all the time especially since we are on opposite sides of the coin (me: entrepreneur, her: doctor). Between people I spend time with/interviewed and same with her, I’ve realized:

    1. People that talk all the time about having a lot of money, often do not have a lot of money and are up to their ass in debt.

    2. People that talk all the time about having a lot of money are scared to death of losing whatever money they have.

    3. Some of the wealthiest people we know who are also the nicest have common qualities of being humble and giving.

    4. It is not to say nice things are bad. I like nice things. But also being sensible, smart and living in your means. Not taking on massive debt or making a scene.

    Just my few cents…or dollars :)

  14. I think the WHOLE point of his post was to indicate that people who show how a great deal of people with tons of money (or appear to have tons of money) treat people who they think have less.

    Nothing wrong with having nice things, but it’s a problem when you treat people differently for NOT having nice things…(or appear to NOT have nice things)

    Good post!

    • Having nice things is perfectly fine if that’s what you really want.. but to differentiate the way you communicate with people because of their financial level is wrong.

  15. As long as you’re true to yourself, it doesn’t matter where you live. And, along those lines, treat people as you want to be treated. Great post Neil, thanks for keeping things in perspective.

  16. Great Article Neil.
    People definately need to know that objects are not going to bring us any joy… keeping in touch, havin a good relation will.

    Btw I like how you link up things to a reliable source. ex edmunds.com, wiki, ..

    !

  17. If you’re paying $15,000 in real estate payments a month, that’s still investing in real estate. It’s not the smart way to invest in real estate, but it’s still putting your money in a commodity that is likely to continue to grow, and will be valuable to sell.

    • It may or may not be a wise move depending on your level of income. Too many people get caught up in buying the biggest and baddest house, but it ends up screwing them up financially.

  18. Not to disagree with you, but the average person in Bel Air does not own a multi-million dollar home or drive super expensive cars, they probably live in condos in Bel Air. There’s nothing wrong with that.

    The truly rich are probably those who are within the top 0.1% or the top 0.01% in the country. Those people make probably at least $5million a year. Let’s say that’s $3million a year after taxes. With $3million+, then they can really afford to live the lives of the rich and famous. They can still build wealth.

    Remember though, there’s always someone richer. So just be happy with what you have.

  19. I think there will always be rich douchebags in the world. But I’m also in the mindset that I’d rather live without overspending and instead build wealth. Then when I make $xx,xxx,xxx dollars I will start to work in the opposite direction giving it away.

    Chris Guthrie

  20. They say money changes people – I’ve seen it happen with my own eyes. It’s just sad.

    I’m pretty certain, though, that those “super rich” have ways to reduce their taxes to the minimal by sheltering their income somehow. Therefore, they actually have more money than what the IRS reports on paper.

    Whereabouts in OC? I’m in Westminster myself – would be an honor to meet up with you… I’ll buy :)

    • Money does change people… and it changes them drastically. One must learn to control their mindset and create the discipline necessary to withstand being frivolous with the money.

  21. Great article Neil – I love the end, “but I would rather build wealth and once I have enough money I would rather use it to try and change the world.” It all depends on your motivation – and what you really want to do with the money you make. Buy a boatload of toys? Meh. Change the world? Heck Yes!

    It reminds of a quote from Gary V’s book Crush It!, “Hardships shape us. Coming from nothing served my family well. It also gave me the hunger to want it all, and the wisdom to know none of it matters.”

    • Very powerful words said by someone who’s been able to do what many have tried or want. Have a purpose… contribute more than anyone else and you’ll truly have a life of fulfillment.

  22. People who ”brag’ about money are not truly rich. The truly, truly, really rich, hardly talk about money. Why…. because it is not an issue, they have plenty of it! Really rich people are usually much more interested in what you can bring to the table; are you interesting, are you fun, do you have off the wall ideas etc etc (and how can I have fun with them!).

    Once you get really rich, life is play. Talking about money to a really rich person is boring, as is asking them for a loan or a leg up.

    Really rich people mostly want to life their life to the max. If you brag about money to a rich guy why would he be interested? The only people really interested in money is those without any!
    Cheers
    Ian

    and yes, that includes me!

    • Good points Ian… I think your definitely on to something by what you said. The people who are doing pretty well would rather talk about how they can better their lives, not money money money.

  23. I want to live a lavished lifestyle! But not in a way where If I wasn’t getting next month’s paycheck, I would have to sell my Lamborghini lol.

    I want nice things because I get enjoyment out of it. But never to throw it in anyones face. I love helping people out and I want to help others build wealth too.

  24. I too feel that when you get richer, you tend to save lesser and in the process your wealth doesn’t grow! good post..

  25. I like the fact that I do not live in the United States of America – in our country we do not have these problems on our eyes so often.

  26. Maybe the keyword here is Humbleness. We could be rich or poor, but if we don’t keep humble we will be ignorant. I lived a really bad experience with some partners for this reason. In brief: those who don’t listen to the others believe they have the reason always, or worst, that they know everything. That makes us ignorant and makes us lost our humbleness.

    Great post Neil.

  27. I love your BLOG man. You always hit home runs with every post. People these days don’t need a life coach. They need America’s #1 Common Sense advocate Neil Patel.

  28. For the most part, I agree with you – but I think that what you encountered is a reflection of only one kind of affluent person. I grew up in a middle class home in the middle of an ultra wealthy “old money” sort of east coast town, and I rarely encountered that kind of attitude growing up. People who get it don’t feel the need to show off or make other people feel bad… Maybe Bel Air attracts a different kind of person.

  29. Neil,

    I know what you mean when you say people have negative connotations about the OC. I have friends in LA who think of OC as the snob capital of Southern California. This is not the case. People watch shows like the “Real Wives of Orange County” and assume that that’s how it is in OC, but those kind of people really represent only a tiny fraction of real OC. The real OC is filled with people struggling to make ends meet, just like anywhere else.

    Neil, you may be young, but you are wise. I liked your last paragraph about how materialistic things don’t bring happiness, and it’s completely true. We all should be using wealth to make the world a better place.

  30. What do you mean with “changing the world”? If you dont know exactly what you mean with it AND are not absolutely sure that it will change the world, just dont say such big words (we know anyway that you are not a bad guy ;)).

    The problem with such thinking is simple: You can have good intentions, but the result can be bad. On the other hand, a good intention is the only thing which can be good (Kant), because this is the only thing you can control.

    • By changing the world, the meaning is to contribute and make a difference in the life of someone who isn’t as fortunate because of whatever situation they were put in.

      • Ok, thats reasonable.

        But the problem is: Everyone has their own opinion and its impossible to know the real peronality of a person. So you could also help a “bad” person, or someone who just GETS bad.

        Thats why “changing the world” has no real meaning…no moral meaning. But we all want to change for something better, and if you want to do so, your ethical.

        So, its much better to say to “help people” instead of “changing the world”, because your intention is in HELPING, which is always a good thing. The power of helping is in your control, but not the reaction. But it is the change which is out of your control, it is in the reaction of the other person.

        Its not the same thing, but its a very similar approach.

        • Whatever your definition of changing the world is…. works. Most people wouldn’t want to change the world (in a bad way) so it’s just usually assumed it for the better. Thanks for clarifying it.

  31. Great article! The point isn’t how much you make, but what you do with it. My grandfather always used to say that you can be poor when you are young or you can be poor when you are old. (He became an adult in the depression.) He worked hard and saved, put the $$$ back into making more $$$, instead of spending it all. When he was old, he had the $$$ to do what he wanted. When he was 80, what he wanted was a red, diesel Massey-Ferguson tractor. So, he paid cash for one. He drove around his 80 acres of sand in Florida with a big smile on his old face! He was glad he had been willing to be poor when he was young!

  32. I got married over a year ago and moved into the nicest neighborhood I’ve ever lived in. I’ve had a tough time finding a lot in common with people or relating to them. Some of the opinions and attitudes surprise me. However, there are a lot of down-to-earth people as well. But f it were me, I’d live in a more low-key area.

    Perhaps the biggest thing is how much we expect but are not thankful for. We get more and more picky.

    To me, the point of having money besides enjoying life is that it can free you up to give more. When you’re not working 9-5 you can help people out in the middle of the day. You can give generously to causes you believe in. You can take in kids with disabilities or adopt children and afford the best care to help them reach their potential. You can be involved in your community/politics (which after a certain level is only for the wealthy).

    I like to save stories in magazines of people who get what money is. I have no problem living the good life – but there’s more to life than that – as you know.

    -Janet

  33. I love this! It sounds like something straight out of The Millionaire Next Door.

  34. It’s a lot to do with social aspirations, insecurity and fitting in.

    There are cliques running throughout society not just in wealthy neighbourhoods, but also in ghettos, in academia, schools, professional circles, knitting circles etc, which have members only too ready to say something rotten about anyone who is not a part of their clique.

    Seeking self-validation from external sources is a form of fear I suppose. Perhaps the humility that enables someone to understand (if not adopt) someone else’s viewpoint only comes when they’re comfortable with themselves.

    • It all comes down to beliefs and culture. Those are the two things that show us why we do what we do. How you were raised as a child and what you currently believe to be true. Your belief is just that… your belief. I thin a lot of those people who are “snobby” have just not been as fortunate as others to show that type of affection.

  35. Neil,

    Great post. I’m a 23 year old Entrepreneur who own a private investment group here in NYC. I was raised just outside of NYC in Brooklyn, in a low income neighborhood. During my upbringing I learned many morals, and life lessons that allowed me to be the same, humble, “low key” person I always have been. I believe these lessons to be the most important of my life.

    When I was younger, If you had more than someone else, you were disliked for having more. Most will either want to be your friend to “look cool” or in hopes of “mooching” off of you, or stay along for the ride. Most just didn’t like you because they felt inferior This creates many enemies and fake friends. -This taught me never to show off, to stay low key, and most importantly, to get to know someone well prior to inviting them into my personal life . When I was younger, sadly, if you had something people wanted, they would try and take it from you, or even rob your home to obtain it. Not showing off, staying low key, and humble, while never drawing too much attention to yourself will keep you safe, humble, and appreciative.

    I now live in the Upper East Side of NYC. It’s arguably the wealthiest part in the USA, and you will certainly find many with “old money” who act just as those Bel-Air type you mentioned. Many don’t like me because I’m a young hispanic male, who lives a lifestyle higher than theirs, at such an early age. It’s sad, but to some, if your not the same as them, you’re no good. I also think the way the young entertainers portray themselves gives young successful people a bad image. I work long hours, travel for work each week, and have had to make many personal sacrifices for the better of my business. I by no means put myself on TV, magazines, etc. showing off the fruits of my labor, or draw attention by wearing obnoxious jewelry, or drawing attention to myself. You see that a lot here in NYC with the entertainers. Some even go to the point of renting $100,000 watches, chains, etc. to make it seem as if they have more than they do. Imagine what they could have done with that money if they just saved it, invested it, or done good with it. Sadly, thats not how most think.

    I appreciate your humbleness, and your post, and the same goes for all contributors on this subject. We need to set a new trend for young people. Spending $10,000 in a club, driving a Rolls-Royce, Maybach, etc. simply to make it appear as if your wealthy doesn’t do anything but hurt you in the long run.

    You may ask, why do I live in such a place if I don’t have much in common with the people who live there? First, it’s a great investment, second and personally, progress. I feel good that I have accomplished so much so young, that I hire nationalities that most won’t at very good salaries, so they may assist their families, and show that progress is being made. Years ago, you would never see a young hispanic, or any minority be able to accomplish what we have, but now you do.

    If we as young entrepreneurs portray ourselves as young, successful, humble individuals, perhaps students will want to go to college, or start a business of their own, instead of being in the entertainment business, athletics, or any other profession that has a high rate of going bankrupt.

    In closing I’d like to express my personal views on our societies new found love for a superficial image, and a love for high affinity behavior.

    When I was a kid, if you had a Lexus, you were very successful. If you had a Mercedes, BMW, etc. you were VERY successful. A Rolls, Maybach, Ferrari, etc. were unseen. Now-a-days thanks to leasing, credit, and peoples poor financial habits, a BMW, Mercedes, Porsche, etc. are a common thing amongst the Middle Class. A Rolls-Royce is easily obtained if your a decent athlete, or entertainer. Why? 1. Credit 2. Poor financial habits 3. The love of having a superficial image. Of course this is because people are spending more than they can afford, not saving/investing anything, and live paycheck to paycheck, just on a grander scale.

    This is killing our society more than people know. I have met so many people who don’t feel successful because they have a $150,000 Mercedes, and not a $400,000 Rolls-Royce. For the most part, the people who young people look up to are not humble, and have no sense of financial responsibility whatsoever. If they did, they wouldn’t be going broke.

    I would love to see the people of the USA not live on credit, and actually live modestly. Sadly, I don’t think this will happen, as people will always want to compete for the biggest and best of everything… The current economic situation is the perfect example of what I have spoke about.

    • It’s great to hear that a person like yourself has done so well so early in your life. Also, what’s amazing to hear is that you understand the difference between being ‘loud’ and just being smart and quiet with your money. Credit is exactly why too many American families suffer from thousands and thousands of dollars in debt. It should be the reason more people need more financial education.

  36. WeightLifting Workout Routines :

    Its so funny you say 40% in taxes because i doubt they pay anything. You seem to have forgotten that these people have CPA and they loophole there way through everything like they should. The government has no right to anybody money to be used for other people purposes.

  37. I went into business with a best friend (mistake #1) this past summer and found out how money changes people. She was the one with new money – a fiance with a trust fund. The way they looked down on people based on the car they drove, the clothes they wore, or even the restaurants they ate at was disheartening. Even worse than that was watching their “friends,” people that were using them to get into places, get their business, or just get a free dinner. Those same people talked about them like crazy behind their backs. That’s definitely not a lifestyle I was used to or wanted to live.

    • That’s why its so important to choose your friends wisely…. you don’t want to surround yourself with fake people and you certainly don’t want to surround yourself with people that bring you down.

  38. I agree and I like this post but isn’t it that most people morph into big spender when they start earning big? I mean the mentality is like this, “I worked so hard to make this money, so I’m going to enjoy it as much as I can”.

    I’m really amazed on how different your perspectives are than other persons who are also on your same status. ;-)

    • The problem with that motto is that it won’t allow you to build a life long of wealth… you make money… you spend it… and now you’re going to have to work super hard to make it again. It’s not efficient.

  39. I like it Neil and relate.

    I’ve found an interesting and enjoyable lifestyle option between simplification and passive income only goals. It is different not chasing after more, the ego is left wondering, but as time goes I see and feel the blessing in doing what ever I want when ever I want. For now the “whatever I want” is brought within borders of contentment, as it will be later, but I do expect my options to change over time through natural growth in passive income and desires changing.

    Thanks for the Candid Posts.

    They make this 1 of only two blogs I read… every post.

    Joe

    • I’m glad you to hear that you read this blog that often ;). The problem is that you doing what you want whenever you want is your ego taking control over your actions. That mindset will only hurt in the long run.

  40. I have to play the devil’s advocate and pose a question to anyone that feels that they can answer it…

    …Regardless of your income or personal wealth, do you ever feel that the harder you work, and the more success you achieve, the less you can relate to people that aren’t willing to put in the same effort?

    • Yes that happens… and its very normal. You don’t have to necessarily become friends with people you don’t get a long with… just don’t treat them differently because of your bank account.

  41. downs- not really, because I always figure maybe someone else’s priorities in life aren’t necessarily about career success. Maybe they are successful at building or maintaining their families. Or doing the least possible in their job to avoid being helpful, because deep down they believe that they are rotten and don’t have anything of value to contribute.

    On the other hand, though- the harder I work the more I want money. Or at least to have all the stress about making enough money aqnd getting out of debt to go away. Having that desire itself is stressful too :(

    • Quote:
      “Or doing the least possible in their job to avoid being helpful, because deep down they believe that they are rotten and don’t have anything of value to contribute.”

      An interesting spin. Well said.

    • Having money is great… and paying off your debts is a great feeling. However one of the best feelings one can have to truly say they made it is by contributing as much as you can.

  42. Brady, Jey, David and some others have already made this point, but I’ve also noticed that those who are truly wealthy are very humble and treat people equally. Those that are trying to ‘appear’ wealthier than they are are the ones usually acting snooty.
    @Stratosjets- the more memorable people are those that are still good friends, fun to be around and spend time with regardless of their financial success. Anyone that shows up to ‘show off’ their riches comes off as a jerk and after one or two sentences is probably forgotten.
    And to Power Colon Cleanse, you have no idea of the southern California lifestyle. Way too many people making less than 400K purchased homes out of their reach. The upkeep on a mini-mansion costs quite a bit in Southern California.
    Too many who are trying hard to appear wealthy are poor with credit card debt. Maybe that’s the reason for some of the judgmental attitudes.

    • It’s also the reason why so many people are suffering with payments and debt. People are under the impression that they have to one-up each other. This unfortunately puts them in a position where they have a hard time affording anything at all.

  43. Nice write up. I wonder what people would say about them at their funeral? I’m asking this question because in most funerals I have attended most or almost all mentioned what was basic in the person, his or her character. No one really mentioned how rich they were or how many houses they owned etc. Treat people as people and not because of what they have or wear or how they speak etc.

    • End of the day, you must realize that we’re all just human beings looking to live and be happy. Putting people down because of any reason at all doesn’t help you grow, it feeds your ego. It should tell you that you don’t have the control in your life to allow yourself to be comfortable with all types of people, not just those in your financial bracket.

  44. well said neil..i really liked this post! I’m a great fan of yours and surely would like to take your services some day to get a good place in the internet…im a firm believer in taking help from the best than settling down for the average who charges less and you are the best…

    You have inspired me to start an online business and m already in the development stage of it. its a travel portal, i know there are millions of them online but im sure i would be able to get out there and conquer a large piece of the pie. I’m sure all the readers of this blog are passionate entrepreneurs and would need your help too…we need a name and are confused between packandjet.com and packmysack.com…please let me know yours thoughts on which one will have a brand equity and recall or give me reasons on which one i should choose..i already have something in mind but its good to know what people feel about it as you are my future customers..waiting for your comments on this…

    • Well I must warn you that the travel industry is ridiculously crowded and I wouldn’t recommend getting started with a site like that at all. You need to realize that those giants have millions and millions of dollars that they spend every year to be as big as they are. What can you offer that’s better and more effective than them?

      • Thanks for the warning, really appreciate your concern. It’s my fault that i din’t mention that i’m going to focus on Indian market rather than global. As far as my research goes the giants playing in this market can be counted by my fingers…and to the question what more i can offer, What my competitors dont offer today is depth – everything is at a very superficial level. The number of hotels in India is still not meeting the demand and there is lots FDI activity in this space which indicates a lot of growth in the near future. But as far as OTA is concerned the experience a user gets is far from average. I run holiday homes in kerala – http://www.tropicalforrest.in and the bitter experiences from the existing players prompted me to get going on this one. I will start of with Kerala and move up the map slow and steady only when im convinced that we have achieved enough depth in that region. this will take time and that’s exactly what is going to be our USP. I’m not sure whether you have read it happens in india by kishore biyani, the same thing applies to the indian travel industry too, no giant from the west can go so deep to the roots like we would be able to, the system is just different. Anyways i believe in this one when you start something 1.get ridiculed, 2.vehemently oppose, 3. accepted! …let me know your thoughts..the more we brainstorm the more clarity i will get…thanks for your time…

  45. I’m with you Neil. I could never see myself living in a ritzy neighborhood no matter how much money I ever had. I hate it when people act like they are better than others just because they have money. We are all people and are no better than any other even if we have more money than them. I would rather save my money and contribute it charities than buy useless things that only give the perception that I am richer than everybody else.

  46. Retiring is much more important to me than living fat while still working for the man :) Nissan makes fabulous cars anyway ;)

  47. Totally understand this. Spending your fortune on mortgages isnt seriously the right thing to do.. Different people may want different things.. like you wish to change the world or few people may want to travel and trek.. but living in a fancy house can not be anyone’s lasting dream.. it just fades away when you are there..

    • It just becomes one of those things that seem to make you happy but really don’t. Helping others is really the way to lasting and unlimited happiness.

      • Helping others, no doubt, gives one a lasting and unlimited happiness. There are lot other ways which could give you such lasting happiness.
        Reading this article, many middle class people might think of the same incident happened to them one but what I believe is that it is all about attitude towards life. That attitude problem can be in any being from any of the class.
        When people get things with great difficulty and they flaunt about it.

  48. Niel, great article and completely agree with you.

    1) To me, money is a magnifier. It takes the good and bad qualities of the person before money & wealth came into the picture and magnifies it after. Man makes the money, money never makes the man.

    2) It’s not how much you make, it’s how much you take home. This manifests itself in business as revenue, cashflow and profits and as a person it’s income and net income.

    3) Be thankful for everything you have and be authentic to yourself and others. Plenty of people who have tons of money are absolutely miserable while others who have just as much have been happy long before they had it.

    • It’s interesting to see the misconception that people have about money until they really earn it… what you save is much more superior than how much you made (which is really just sexier)

  49. I should preface my comment by saying I live nowhere near CA, but in a small town in Tn.

    I once knew a man (he passed away a few years ago) who used to drive out to a rural area and sells eggs from the back of his pickup truck. He wore old overalls and a frumpy old hat, and most people thought he was selling those eggs to get by. Well, I went to church with this man, and KNEW what a wonderful man he was, and also KNEW that he sold the eggs because he loved raising his chickens. When he passed away, he left several hundred thousand dollars to that old country church. A few years later, when his widow passed, she left money for the church to offer a scholarship to one grauduating student for the next 10 or so years. These people were quite wealthy as it turned out, but they never felt the need to SHOW it, except with the love they left behind.

  50. I couldn’t agree more. I went to London on 12/02 to have a bit of a wander around and see the museums and spent some time in Oxford Circus. I went around to the only Abercrombie & Fitch shop in England and even though the clothes were nice, the place was full of arrogant buffoons. They’re the ones who love the fact that they’re earning £250,000 per year and spending £300,000 a year on shite to look good. Idiots.

  51. Hey Neil,

    I used to want that lifestyle as well.

    I’m very happy living in a mid 6 figure home and driving a Toyota – doesn’t bother me at all.

    In fact, I feel “less” or I should say “free” without all the expensive junk – it’s a waste of time.

    Look at Warren Buffet – richest guy yet lives in an old home, old cars, and old office – he could own the world if he wanted to.

    There’s a lot of value in doing stuff, setting goals, changing the world, building value, and money isn’t required for happiness.

    Thanks,
    Silver

  52. 行花市 :

    do you believe this has anything to do with you being asian? i think the thing with westerners is that their history is much shorter, and with americans, they dont have much culture. you have to remember that europe was way behind asia until the 1700s. when the british arrived in bengal, it was the richest in the world. europe, for the most part is newly rich. india on the other hand has a 5000 year history. id say out of that 5000 year history, india was probably the richest 3000 of those 5000 years. so asians might understand that there is more to life than just being rich. i think that asians have a philosophical side to them that is not really seen with westerners.

  53. Despite the fact that he is popular on the internet, he always replies to each and every query.

  54. The way you describe your experience is very typical of Southern California. I dont live there but when I do visit my relatives there they always have to show off their new material possessions. My tech inept uncle who doesn’t even use email bought an Iphone just to have the best phone out. My 27 yr old cousin drives a brand new bmw but still lives with her parents and has no plan to move out. You can’t really be mad at the area because Hollywood, OC, Malibu, Venice Beach and all of SoCal has been the epitome of glamorous for decades. I just personally do not prefer to live there. I like the Bay Area because it’s known that people have money there but most people do not feel the need to flaunt it.

  55. Neil i like your break down of the costs of flaunting your wealth. It’s a fool’s game unless you’re making some serious dough and even if you are making your money work for you is always more awesome ;-)

    Go Neil Patel!

  56. My favorite type of people who have a lot of money are the ones who you would never guess that about them. I’ve got a good friend, his grandfather’s a billionaire (with a capital B) who was clearly raised right. When I was getting to know him I didn’t believe my other friend when he told me that was the richest guy I know. I also knew one of Walton granddaughters, and she drove a very modest car and was very humble. These families are a model of how to be wealthy and not act like it. I hope to first find wealth and second to live like I don’t have it.

    My uncle says it right, “money gives you options. ” It’s up to you to chose how to pursue those options.

    Finally I can recall the most favorable times of my life were when I had the least, backpacking around the world. I ended up in a small village in Vietnam where the money in my wallet was probably more than the entire town makes in a week and amidst that lack of wealth I saw nothing but smiles and contentment. I think they know something I don’t.

    • It’s interesting to see that… a lot of those types of towns has many people, families, groups that are just happy doing with they do without the stress of money. What your uncle says is right, money gives you options.

  57. Neil, this was awesome to read. I totally agree. I have gotten to the point in my life where I do want nice things, BUT I don’t drive myself into debt to get those things to keep up with the Jones’. I save my money and then purchase the thing I want. I also understand your feeling of how we are all perceived based on what we wear, the car we drive, the jewelry we flaunt, etc. It’s sad, but if a person really needs to brag about what they have, to me it really shows their level maturity.

  58. Spending wealth on materialistic things is just equivalent to pumping it into mud. Instead, you can use it to revolutionize the way people live. Sadly, very few people understand it.

  59. The perspective is different for two types of people–those who really don’t have money to spend and suddenly gets cash and someone who has regular income coming in.

    For the first case, it’s more of like a ‘one-day-millionaire’ syndrome. Splurge and enjoy while it lasts. For the second case, it’s sticking to a fad. Almost everyone thinks you can afford it, you think you can afford it so why not go for it? Well, obviously that’s the case until you realize you’re actually not saving enough money and you’ve accumulated too much liabilities that it’s almost always too late to walk back.

  60. i wont prefer to stay in a rich neighbourhood also, everything will be expensive obviously.

  61. Hey Neil well I am more of a smaller condo in the city with a very nice inside kind of guy. I do not need a real fancy car I just need my Mustang lol because I am a mustang fan.

    I hate people that brag. I dont have any rich friends. I have more friends that parents gave them money to spend as they want and those people are even worse lol. They never had to work for it.

    My goal is to live from my interest in my savings and investments. So that is my goal….

    • People that brag are usually just insecure about what they have or what they don’t have. Good job on understanding it and having plans to wisen up as you earn more.

  62. Edward Antonio :

    Hey Neil,

    I know what you mean man i live in Orange County myself, people around here are very big headed they live in this competing world (most of em) of who has the top car or biggest home, etc. Truth is alot of them are not happy at all.

    How often do you come out here to OC?

    Respectfully,

    Edward Antonio

  63. I prefer to stay in small town not because I like to be poor but life here really fascinate me. I know not many people have the same thought, many struggle to get out cuase they are like big fish stuck in a small pond … but I like the simple life here.

  64. Great point on wealth accumulation and long-term cash flow.

    If I was making a mid 6 figures I wouldn’t spend all that on housing, cars etc.

    However, for the uber-rich who are in the millions of dollars a year, seems like they can still tuck away savings, investments while preserving a lavish lifestyle.

  65. Grishma @strangloops :

    I would agree – my parents are quite wealthy but invest save and live in a middle class neighbourhood. I would agree, I would never live in a rich fancy neighbourhood myself because just like you I don’t think I would fit in.

  66. You know they say when you get older less is more! You are always going to want to strive to be the best but what you do with that success is really what makes a person. Nothing worse than people who think they are better than others. You have to find the humor in it and sort of feel bad for them.

  67. Neil, this entire post makes me cringe. I knew a bunch of sheep followers would immediately comment, “Yeah me too! I’d never live in a good neighborhood! Screw them!”

    What is it with bloggers and their aversion to wealth? I just don’t get it. I live in what you would probably consider a nice area in Laguna Beach and drive a nice car. Not because I’m showing off but because I’ve earned it and want my daughter to have access to the best schools and activities.

    To each his own. It means larger mansion plots for the rest of us I guess.

    • Well Tim, good for you on all your success. I’m not saying that you shouldn’t buy all those great things, I personally just don’t think it’s worth it. Nothing against where you live, but some of the people I come across treat me much differently simply based on the fact I have decent clothes on.

  68. You make lots of sense. Is WA the only states that doesnt give a Bull to taxes? :) because if i end up making tons of money, i need to take my ass out of here, Dang!

  69. This post and comments are Exhibit A for T Harv Eker, founder of the Millionaire Mind. I love to read all the different beliefs people have about money – some of the ones I’m reading here are good, others need a little tweaking…

    To summarize one thing from the Millionaire Mind…

    Money makes you more of what you already are. If you are a condescending a-hole, wealth will make you more of one. If you are a generous, helpful person wealth will make your more of one. Case in point – the Rich Jerk vs. QuickSprout…I don’t remember who said it, but… “Money doesn’t change you, it unmasks you.” That makes a lot of sense to me.

    Let’s be real. It would be a lot of fun to play hide and seek or paintball in that castle – the one pictured above. Some places are better for living, some for showing and some for playing. What you focus on, expands…

  70. Hey Neil,

    I love your humility and the way you carry yourself, if you read the famous book “Millionaire next door” it points out same fact you just stated, rich ppl having high overhead.

  71. I imagine those in the $400K+ segment might spend a financial planner to shelter a chunk of their income. I want to buy some real estate to shelter some of mine but I don’t trust the market yet.

  72. This is so true. Look at how many people have won the Lottery, just to go on crazy spending sprees and end up broke within 5 years.

    How many celebreties were doing really well and then when the work dried up, they are left with nothing because they did not invest in their future. They just lived for the moment and it cost them in the end.

    • Most athletes, celeberties, lotto winners who ear all this extra cash go broke immediately after. It’s unfortunate and the reason why people need to go through the process of earning money rather than just getting too much at one time.

  73. “a few of the locals started making some jokes about poor people and the way they dress”

    That’s really sickening. Do they feel better by saying that? I would’ve retaliated but that would bring down to their level and makes me do different from them.

  74. Well im not suprised that the rich came across as snobby. that word was defined for those type of people anyway lol. i would probably have expected them to make someone feel bad too, but thats just how it is and has been for a long long time in wealth. i would say most of the rich would brag but there are others in the world whom are not upfront with their wealth and keep things low key unless they absolutely have to show off their success.

    i personally think that many people need to understand that money CAN change people. many may say “oh i wont change…” but those are just words and we can only tell by experiance. who know, some of the rich may show off thier earnings because its just part of that culture. everyone shows off. it only hurts when the things being shown off are what you wish you had.

  75. I feel the same way. If I ever get rich I would not live in a rich neighbourhood either. I would buy my own island :)

  76. Hey Neil, I do really like your advice, you are just a very humble guy. Just subscribed to this page and tweeted this post as well :)

    Mike

  77. sell textbooks :

    I could tell you stories about the area I grew up in. So many people are like that out there and the really funny thing is the people with “new money” you can spot it a mile away and they tend to brag about it. Some and I stress some of the “old” money can be horrible but many were raised properly and you would never know they are worth what they are worth. They don’t treat people bad and are very modest about what they do. There will always be Snobs out there the great thing about it is you can choose whether or not you want to deal with them.

    • The people with new money are going for whatever is “sexy”… it’s natural for them to take that approach…. at the same time, “sexy” can be very costly and money won’t last too long.

  78. You have to live without your means Neil…. This is why we are in this mess now. But some people just lose their heads when it comes to showing off and material things.

    My goal is to live of interest and spend it on hobbies. If I have the money to live in those lavish homes and it is less than the interest I am earning from my money then I will do it.

    I think this is a smart way to live!

  79. I think that it depends on the people living in that neighborhood after all. There are rich people that aren’t so full of themselves and are some that you can’t get to their nose. This happens in any place and in any social environment.

  80. Winston Muller :

    Thats the problem with money, you may have a lot of it, but as soon as you start spending(not investing) it becomes less and less!

    Like you say Neil, no use in spending all your income on a lifestyle, because in a few years time that income may cease and you’ll be left with nothing.

    Much smarter to build long term wealth, so that if income were to cease tomorrow that person would be in a much better position…

  81. true?wow.so nice.like a painting.i very very like it.
    it is so useful to me.
    thanks for your share.i will see next time,looking for your next article.
    maybe you can seenew polo shirts

  82. This is such a true and genuine post!!.. At first i felt bad when you mention how they treated you just because you were dress alot more casual than others, especially when you had to wait in line while others were being helped. It just shows how shallow and judgmental some people can be.
    Anyways, i love how humble you are yet you are so knowledgeable about things and the best part is that you share your sucess and experiences with others.. thank you for that! and for just being who you are :).. looking forward in reading your other posts and your upcoming articles.. !

  83. There is a book on this very topic called “The Millionaire Next Door”.

    Some people spend all their money trying to look rich, the others just put it aware to build real wealth.

    Funny thing is, if you understand the concept of Wholesale & Retails, these people trying to look rich are buying their stuff at Retails that if they tried to resell it a few days later they would experience a 30-50% drop in value.

    The may be on good incomes but it you turn the income off they would only last a couple of weeks before the debt starts eating them alive.

    Its a mindset, and I know some truly wealth people and some celebrities that are down to earth and humble and the best thing you can do it treat them like a wonderful person as its different from everyone else kissing up.

  84. Were all human, so sometimes we are wrong, but at the end of the day, we re human and we all generally work towards the same goal.Those are truly rich are often very gracious, kind and generous. I have had similar experiences with rich people, but as you said not all people living in affluent neighborhoods like this.

  85. Great points! I wonder too how people can live like that, and talk smack about driving fancy cars. I would venture to say that they are prob living above there means!

    Taxes will kill you alone, and once you start getting all those nice things, you will always want nicer things.

  86. Fantastic!!! Bookmarked this site that has this particular impressive guidance. Will
    come back to see if you will find any kind of improvements. A person, the writer,
    really are a master. Thanks

  87. I agree with you 100%. I moved to one of those neighborhoods when I was fourteen, and I was shocked. I don’t thing it was a great place to be I liked my old normal neighborhood, where they didn’t ask me what my father did, or how much my house was, and frankly i didn’t know. I think it is sad when people act like this. They only make themselves look stupid.

  88. Hi Neil

    You hit the right button on the right nail, if that means anything. You are absolutely on the same wave length I am on when it comes to wealth and all its bells and whistles. I’m glad you can see the illusions that many people who are rich can portray. They are living a fantasy.

    These types of people act like they have everything and they probably do. But when a recession hits the fan, you will see which ones survive.

    I am reminded of a businessman I saw on TV from somewhere in USA. He was earning a salary of about 700,00 a year with a beautiful mansion and rich lifestyle and all its trimmings. But when he lost his job he was now earning an measely wage delivering pizzas to customers. He was bearly surviving.

    However Neil I am also mindful of the humble wealthy rich people who help others to build enthusiasm and who change the world. These are the type of people I like to rub shoulders with.
    Helping destitute people will bring joy and definately happiness in your life. I have proven this works many times over. There is something that affects the human soul when goodness is shared around.
    This brings me to the story of John D Rockerfellow. He was very rich and wealthy and a philanthropist. He had accumulated so much wealth to the point when he ended up in hospital during his 60′s. He could only drink milk and eat bread. At this point in his life he decided to start using his wealth to the benefit of others.
    Because of his enormous philanthropy work he lived to 98 years old. What a testament to the phrase:”When you are in the service of your fellow beings, ye are only in the service of your god”. Mosiah 2:17.
    As to the living lifestyle. My home is a humble 3 bedroom home. Needs some repair here and there, but its only a house. What I have built over the years in my humble home is the rich spirit my wife and I have shared with my children with song, fun games and gatherings of all our close friends that mean a great deal to us. We read good books that sparkle the soul with richness. Positivity is my trademark I live each day coupled with service to others.Families are Forever is our motto.

    Thanks again Neil for reminding me of who I am

    Richard

  89. Hello Neil…

    Enjoyed your article. I’ve learned, first hand, what living large is like and what happens when the floor drops out beneath you.

    I owned a small business for three decades and lived very comfortably. I was able to raise a family and provide many opportunities for better schooling, nicer neighborhoods, and many of the toys that a parent or spouse would want to provide for his family.

    Sadly, I did not ever consider the unthinkable… losing my business. My world changed and so did my family’s lifestyle. Fortunately, my family supported me as I began to rebuild.

    Today I still have a way to go but I’m on course. I have a different mindset and by reading articles like yours helps me to create a more vivid vision of what I’m truly after.

    Peace of Mind… the money will follow.

    To Your Continued Success…

    JfB ( John from Boston )

  90. I agree with you. I just want a normal lifestyle so I can feel confortable with how much I am spending.

  91. hey neil,
    really enjoyed your post. you have a pure heart i must say.
    really liked this post.
    Thanks.
    Matt

  92. Neil…

    Your article is “spot on”!
    Today it is smarter to live within your means than to live beyond it. Too many people are discovering that when the economy changes so does your income. Even the prospects of regaining strong financials becomes difficult.

    Why not have a strong bank account, a modest home with no mortgage balance, and peace of mind.

    JfB

  93. I love your blogging man. You always hit some home runs with every post. I have learn through your blogging.

  94. The poor get their paycheck and buy things they dont need…anything basically.

    The middle class (money wise) buy expensive crap they dont need to look rich

    The rich know the difference between Assets and liabilities, live below the means and invest heavily .

    Having money doesn’t buy class, you either have it or not .

    1000′s of years ago, people were judged on there morals, their moral standing in the community… now its what you have and how you look .

    Not a nice place to be in .

  95. How do you know they aren’t getting money from other income? That information is mostly gathered from census and income taxes. Most of these people probably have hidden money offshore and accountants getting quite creative.

Speak Your Mind

*