u/Electrical_Lunch_372

I always hear people talk about the things they regret when they get older: not spending enough time with family, working too much, neglecting their health, choosing the wrong relationships, worrying about what other people thought etc

It made me wonder do wealthy people ultimately struggle with and regret the same things as everyone else?
For those who became financially successful or financially independent

What problems disappeared once you had money?
What problems stayed exactly the same?
What new problems did wealth create?
What do you regret from your younger years?
Knowing what you know now, what would you prioritize in your 20s and 30s besides making money?
I’m especially interested in hearing from people in their 40s, 50s, 60s and beyond who have had enough time to look back on it.

List net worth and lifestyle

[removed]

As I’ve gotten older, I’ve become much more focused on living below my means and not buying expensive things just for the sake of having them.

I try to be intentional rather than impulsive with everyday spending. My thinking is that if I consistently save money, I’ll be in a better position when a genuine investment opportunity comes along.

I haven’t been financially ready for every opportunity, but I’ve been far more prepared than I would have been if I had spent my money frivolously.

Is this a common shift in perspective as people get older, or have you always thought this way, how’d you reach slow and steady success?

What age and when did you start changing about spending ?

As I’ve gotten older, I’ve become much more focused on living below my means and not buying expensive things just for the sake of having them.

I try to be intentional rather than impulsive with everyday spending. My thinking is that if I consistently save money, I’ll be in a better position when a genuine investment opportunity comes along.

I haven’t been financially ready for every opportunity, but I’ve been far more prepared than I would have been if I had spent my money frivolously.

Is this a common shift in perspective as people get older, or have you always thought this way, how’d you reach slow and steady success?

When I was younger I wanted a super car and big trucks and nice things.

I’m in my mid 30’s, family and kids etc now and I find myself only wanting smart things like reliable car and plain clothes

I could get the money to grab something expensive but don’t even want to

I’m confused over this mentality, did I lose drive or did I realize the true things that matter in life?

Lived in chilliwack before but was always work
Focused but now I might be coming back. What are some great restaurants in the area, I love vedder river it’s great. Anything else fun to do. How do you spend your off time, I love food, restaurants cheap eats, adventure nature, leisure centres? Is their a lot of homeless in promontory

I got into the telecommunications business for working in the field for some time, I went from working at the store to owning it, made great money, and ran it for three years.

I had a solid employee, and in that business, some months were amazing. We would bring in almost four times our expenses. Other months, the promotions were weak because they were controlled by headquarters, so we had to rely more on accessories and other sales.

That still brought in decent money, but the business was unpredictable. Some months we lost money, some months we broke even, and some months we exceeded expectations by a lot.

I can handle that kind of stress pretty well. If the end of the month was approaching and expenses were piling up, I usually found a way to make it work. I originally planned on being there forever. Among my friends, I was known as the guy who owned the store, and that became part of my identity.

The more I thought about it, though, the more I realized that even though the money was good and I was making well over six figures a year, I had basically paid a large amount of money to buy myself a job.

Except it was worse than a normal job because I felt like I was working 24 hours a day. The work did not stop when I went home. I would still stress about the business, lose sleep over expense, and constantly think about what needed to be done.

Even if you are a capable entrepreneur, those nights still happen, and for me, they were happening almost every night.

I started the business because I wanted more flexibility and control over my time, but I eventually realized that I always had to be there. I already had one foot out the door when my business partner started acting shady, hiding funds, and refusing to handle expenses properly with me.
Long story short, I sold the store, got a regular job, and started another business in the real estate sector that I can manage more passively.

In a way, I feel like I bought my time back.
At first, I worried that people would judge me or see me as a failure. But now I get to dictate my day. I go to work, do my job, come home, and never think about it again until my next shift. It has brought a lot more peace and happiness into my life. I sleep better, I feel better mentally, and I have more time for the people and things that actually matter to me.

When I compare the income from my current job to the ups and downs of the business, I probably gave up around $20,000 to $30,000 a year at most. Even then, a lot of that extra money was being spent through the business anyway on staff dinners, meetings, events, and other expenses meant to keep morale and sales going.

So realistically, I did not lose nearly as much as I thought I would. Mentally, I am in a much better place than I was before.

What is the most efficient sequence to build the home without disrupting flow? I see some put up houses in 6 months and some in 12+. Basic nothing special home about 5000sq with furnace heating?

Be nice, it’s my second build lol

I’ve been running my own construction company for about five years now, and one thing I’ve realized is that a lot of trades don’t really care about your project that much.
I live in an area where there are builders giving the same trades multiple projects every year. Those builders don’t always pay the best or the fastest, but the trades stick around because there’s a steady stream of work.
If you’re just building one custom home, it feels like you’re constantly getting pushed back. A trade accepts the job, then tells you they’ll come next week. Next week turns into, “Get this done first,” then, “We’ll come after that,” and it just becomes a never-ending cycle of delays.
I’ve paid premium prices, I’ve paid average prices, and I’ve followed the “get three quotes” rule (which honestly feels like a joke sometimes). Some trades have been great, but finding a reliable team has been much harder than I expected.
Is this just the reality of the industry? Are reliable trades really that hard to find, or does it eventually get better once you’ve built long-term relationships with the same crews?

This is what’s wrong with humanity. They did this with Julius Erving, Magic, Kareem!!!, MJ, Kobe and now LeBron. Always manage to find the most obscure thing and blow it out of proportion and missing what’s right infront of you. They were all great, every single one of them and i appreciate that I could experience this. And to the rest of you tweeters non believers,

Hate them or love them, you watched. That’s all you could do. - PDW

I feel like the return on investment is so low that you’d be better off stacking your money until you have enough to invest in something you can actually touch.

Has nobody seen wolf of wall street? They got caught, and that’s the difference. In my opinion, there are people behind the scenes doing same things at different levels and in different ways.

That’s just how I see it. What are your thoughts?