Comments on: 10 Millionaire Spending Habits — How Do You Compare?

By: Joel

Joel — Tue, 15 Feb 2022 15:19:07 +0000

In reply to Scarlett. I feel like this statistic will change quickly over the next decade. Now that many people can work remotely, travel easier and have access to instant apps for bookings and convenience, I think travel spend will just keep increasing. That being said, there's nothing wrong with being a homebody! I live most of my life in a 10 mile radius of my house and love it. :)

By: Joel

Joel — Tue, 15 Feb 2022 14:27:08 +0000

In reply to Ann. Hey Ann! You are definitely not missing out! Love the couch-surfing to save money, and also you can meet a bunch of interesting new friends that way. I think my large travel budget stems from being born in Australia. I was 22 when I moved to the US, and tried to fly home each year for Christmas. So I just always had to set aside thousands for flights and travel.

By: Joel

Joel — Tue, 15 Feb 2022 14:22:55 +0000

In reply to Steve. Electric conversion is an awesome idea!

By: Scarlett

Scarlett — Tue, 15 Feb 2022 12:06:32 +0000

Sounds like millionaires are either homebodies or need to spend less time playing defense and go on vacation! Seriously. What’s the point on winning with money if you don’t enjoy it? Or maybe 45% are new to travel. 55% have already been everywhere they want to go?

By: Ann

Ann — Tue, 15 Feb 2022 04:07:46 +0000

Fun read! I definitely do not have multiple income streams going (just two, and that’s only if you count investment income!) but otherwise seem to check most boxes.

I cannot even imagine what a 6 or 10k vacation budget would be like! My vacations are usually centered on camping trips and are consequently dirt cheap. I’ve done a couple international trips but doing a combination of hitchiking and couchsurfing kept costs below $1000 for a 2 month trip. Do you think I’m seriously missing out?! :)

By: Steve

Steve — Tue, 15 Feb 2022 02:12:41 +0000

I drive a 06 Nissan truck that I’ve had since 09′ (13 years) that I bought for $11,500 cash. It has 250k miles now, and I plan to drive it for at least another 10 years (if I can keep from crashing it) because I just like it and it meets all my needs. I make decisions on repairs and maintaince with that in mind. I also don’t freak out when the kids scratch it or it gets dinging up in parking lots. I’ll probably transition into an electric truck when the time comes.

No gambling or expensive vacations here. Read a ton but could use more concentrated cardio exercise routine ( I walk about 4-5 miles per day due to nature of my work)

By: Joel

Joel — Mon, 14 Feb 2022 17:51:15 +0000

In reply to Michael O. I was conducting extensive research on this very topic! But, I accidentally had too many beers and can't find my notes.

By: Michael O

Michael O — Mon, 14 Feb 2022 17:41:02 +0000

I noticed there was no mention of how much millionaires spend on beer. Of course, they probably buy expensive fancy beer like you, or do they drain cans of PBR like me?

By: Joel

Joel — Mon, 14 Feb 2022 17:39:25 +0000

In reply to Chris. Check, check and check! Nice to see these things are working out for you. So good your hubs has built in exercise with work. i feel that's toughest for most people with desk jobs. Have a great week Chris!

By: Chris

Chris — Mon, 14 Feb 2022 16:32:47 +0000

Great post! I don’t own a TV (but I spend too much time on the internet). I have always bought used car. I have never spent one cent and never plan to on gambling or the lottery. We spend less than $6,000 a year on vacation, which is helped immensely with credit card promotions. We consider ourselves frugal. We both exercise multiple days a week – in fact my husband walks at least 10 miles a day on his job. We have not branched out too much into multiple streams of income, however. I probably read less than 30 minutes a day, and sometimes more.