So I moved back to my rural hometown after long years of building a career in the capital city, met up some friends I haven't seen for ages. Hanged out, got to my story and their first question was where did I buy my house. I told them I didn't, I'm in a rental property like I've always been. It was strange at first but then I realized I was their idol, the "rich guy who made it". Then got on to other topics. "So what car do you have?" I told em, I dont have a car. "Fuck it bro, at least did you travel the world?" - Not yet. With 3 questions and 3 answers, I made their whole world view collapse. "Are you even wealthy bro?" Yessiriam. I consider myself wealthy. What makes a man wealthy? Having options. If I'd like, I could buy the house, buy the car or travel the world. I didn't because it's not financially the right decision, at least it wasn't at that moment.
There was a question a few days ago here, someone coined what could be the biggest problem with economies. This is one of them, for sure. People can't differentiate assets and liabilities. They think they own the house, they claim they own the car, and in the meantime they're in utter debt. People strive to take on liabilities instead of building wealth which consists of assets (favorably hard or income-generating assets). They discount their time, become corporate slaves just to keep up with the illusion of their lifestyles they ought to show to the outside world.
And I see this everywhere. The four of us in the room all came from the same school. Same age. Same opportunities. Three wheeling in heavy debt, trynna keep it up with side hustles. One with a positive balance who never needs to be a corporate slave again.
Your purpose of not buying the car, the house of yours over renting, and travelling around the world which I personally do not prioritize it as the first two should be, is that you do think you'll be a corporate slave.
The years you spent in the city living in rented apartments, summing the expenses together can it not get you a house of your own to live in that you could have sold back to make profit moving back to your hometown? You rare living in your illusion cause the rent you pay monthly or yearly makes you a proper corporate slave than been a house owner will.
Depending on the class of your car I'll be buying I can not think that owning a car is not necessary when I can afford having one comfortably to ease my movements. There are stinginess floating thoughts we can be harbouring that will make us have a different worldviews about owning those things that are meant to make our life less stressful and tiring, to become unnecessary and a waste of money owning them, op I beseech you to kill that mentality and enjoy your wealth otherwise people that didn't work for it will enjoy it stupendously when you are dead and gone.