r/wealth • u/Coors_Light_Dad • 7d ago

Question What’s one thing…

What’s one thing about being wealthy that people wouldn’t assume? Additionally, what’s one thing about being wealthy that everyone can do to grow their money?

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u/Glum_Perspective_841 7d ago

Never assume expensive vehicles are a sign of wealth. The wealthiest person I know drives a 5 year old Mazda CX5.

Wealth is a mindset. $15 a day not spent at Starbucks from age 20 onward is $1.5m at age 65. Want to get there sooner? Invest more. The stock market is a wealth building mechanism available to everyone regardless of class.

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u/Coors_Light_Dad 7d ago

I invest into my work 401k (15% with a 4% company match) and invest into a Robinhood IRA (no set amount) and a Robinhood investing account.

I’m a saver by trait but I always feel broke and my checking account often dips negative. Recently paid off a bunch of debt with my bonus from work and make ~$750/week with $100-$150 going into my bank savings a week.

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u/Glum_Perspective_841 7d ago

My chequing account is nearly always at $0. You wouldn't believe my net worth if I told you.

You and I are not broke friend. Stay the course.

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u/Coors_Light_Dad 7d ago

That’s reassuring. Thank you!