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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.

If you have the funds for a car get it. The problem is peoples idea of a car. A car is necessary if can afford it as an adult. It can help you save time getting from one place to another and also make your life easier. What are you making money for if you can’t at least make your stress simple. You don’t need to own a luxury car just one that is neat and comfortable.
If you don’t have the money to get a car or a house then I understand you but if you can comfortably get one but see it as a bad move you need to have a rethink.

You are being contradictory. You say you are rich because you have options, but you also criticize your friends for making what you think are bad financial decisions, which you say you have the option to make. You are not "the rich guy who made it" for renting a house and not having a car, you are simply a person who made some different decisions in your lifestyle.

Just tell me one thing, whats the purpose of having money if you are not going to enjoy it?  I mean, I have my own house, I own my own car, and I love to travel whenever I have the time.  But no, I am not in debt, and I dont work for corporations anymore.  So you see, there really not so clear-cut and dry as you think.

Inwas expecting to read where you mentioned the assets you own, since you have not mentioned any value-added assets in your possession and if you have none, i think your friends who you said are in so called debts but with liabilities like owning a home and a car, with their family are well successful much more than you that traveled and spent alot of time in the city's.

You also have to make a clear definitions pf what you take as wealth and success, since it sounds as if yij dont really understand the concept.

For starters you case is weird, although they are self made millionaires or even billionaires who live a frugal life. But at least they have the necessities, a car, obviously they needed one to travel around the country for business and money opportunities. And then a home, a roof under for them and the family, a place to secure themselves and obviously food in the table, 24x7 electricity, it's the basics.

So you have money in your bank, but then again, every month you have to take something from it because you are a renter?

And then what if you need to go out and buy food and groceries? You need uber?

Doesn't make sense if you say that you have a lot of money and not buying a car or a house for you to make your life easy. For me that is a bad decision as you can afford it but you don't want to make your life convenient for you and your family (if you have one).

A car is clearly a necessity. Imagine having to take your pregnant wife to the hospital and having to wait for a taxi when there's no one available. If you have a car, you can always get where you want. If you've worked hard and saved up, a car is essential. It shouldn't be expensive or flashy, but it should get you where you want, whenever you want. A car is always essential.

Wealth isn’t always the definition of success, so I get why you say you’re not unsuccessful just because you haven’t reached your goal yet. For some people, even if they borrow money and drown in debt, as long as they have the house and car they wanted, they’ll already call themselves successful. That’s their choice and we can’t really do anything about it.

But if someone has an entrepreneurial mindset, success is different. We invest in things that generate income. Debt isn’t really a problem as long as it’s considered “good debt,” meaning we use it for assets and not liabilities. Buying a car or house through a loan is fine if it works as an asset, but if it’s just a liability to flaunt, then that’s where the problem starts.

Life is just short, so if you think you are wealthy enough to buy a car or manage to tour around the world, then use your wealth to enjoy your life. Some day, you will end up with regrets knowing you’re capable but you never tried to, just because you value your money more than your life’s inner joy and happiness.

However, I also understand that people have different views about life, and have different perspectives and opportunities in life, but one thing I can say, money is just a material thing, so just enjoy while it last, you don’t have to safekeep it forever.

There is a famous person in Turkey "Mevlana" and one of his saying is my favourite and I'm going to try to translate as much as I can.

"People are welcomed by their clothes, hosted with their knowledge, and sent by their morals."

Unfortunately nowadays we stuck on first part :(  We thinking if we are wearing expensive clothes and accessories, riding luxury cars and living in big house we are successful. But once coffin sent to grave everything will be stay behind.

Being successful isn't earning a lot of money. Being succesful having enough money for you without spending a lot of time so you can live this once time life freely and happily :)

Different people have different idea of wealth, some people's idea of wealth stops at owning a house and a car, and while it is an indication of wealth, it is not all what wealth is. There is another of importance when it comes to acquisition and while owning a house and a car are important, they are liabilities as they do generate money on their own unless the property you hope to own at the early stage in life is for tenancy and the car is for commercial purpose like Uber. I have recently started thinking that before someone should own a car or own a house they should have an established system something like a business that generates income for them because being able to own a house and a car today gives no guarantee that you'll be able to hold it tomorrow.

Being rich by people without money is having cars, having traveled
Not much you can do about that,

Money alone isn’t a guarantee to be successful. You need to take risk to achieve gains, and you need to build confidence and develop faith within you so can take things to its long term success. However, I don’t see these qualities with OP, that’s why it’s not surprising why despite of his wealth, he isn’t successful.

Although getting wealth is a kind of success, but you know deep within yourself that you still have more potentials to show so never limit yourself. Use your wealth to achieve more success in life, invest and reinvest, and eventually you’ll see that it’s easy for you to spend your wealth on cars, house and even international trips.

Can I disagree with you? :P

I agree when you say that wealth isn't about showing off, living for appearances to impress others, but sleeping with a guilty conscience every night, not knowing if you'll be able to pay all the bills... I know a lot of unhappy people who live that way.

But, aside from disagreeing... I think "being rich" also means you need to live life while you can... I'm not saying you should go out and buy your dream car, a house full of luxuries, or buy expensive clothes and shoes to impress, but rather balance financial prudence with some experiences that can enrich "your soul" as well.
For example... what's wrong with traveling? I don't see it as an "expense" or "liability," not everything is about money decreasing or increasing... you need to factor in what you gain in mental health as well.
I think small pleasures and personal achievements are valid if you do them consciously. You should use money as a tool to live better; it can't just be a number that always needs to grow in your account.

What's the point of having so much "freedom of choice" if you don't know how to choose to live?

If you have difficulties, share some of your wealth with me, I will make good choices for you ;D

That's how people view how wealthy and successful a person is, through material possessions. Owning a house, a car, and being able to travel the world. I understand your point OP, that wealth doesn't really come from material things. And if you happen to accept that you're wealthy, it's actually how you view the world. If you economically think that not owning a car is fine, then that's fine. You don't need any validation from these people who happen to pay mortgage and car payments, which makes them cringe when the due date is near. At the end of the day, it's how you live your life. If you happen to enjoy it with or without those things, as long as you're not drowning in debt, I guess that's one of the definitions of the real financial freedom and success.

This is clear @OP isn't yet wealthy, a real wealthy will see house or car is like a peanut.

If you think wealthy is having a money that can afford to buy something expensive, you're wrong, that's actually the Average Joe. People aren't that poor, they have a house and a car, if they sold it, their money might be the same like what you have.

The second scenario, if @OP is really wealthy, he create this thread to seek a validation because he's a humblebrag. (https://en.wikipedia.org/wiki/Humblebrag)

You can't say you're not successful when your situation is not just the norm of our society. Your friends view of being wealthy is through material things while you is freedom.

Having freedom for is more better than owning luxurious things. You're not living in debt and can do whatever you want anytime. You're not living to please other people and just doing what you want. Being wealthy is not measured by the amount of money a person earns but how he appreciates it in the end.

I'm trying to reply to multiple comments here.

I'm spending money just not on things that people consider measures of success.


Owning a car here in Europe is not a necessity. Public transport is magnitudes faster and cheaper, especially in major cities. I still have a driving license, and rent a car for a couple of days if say I move stuff or we go to a vacation (but still prefer plane if possible).

Average home prices here are 200 to 300 times the average monthly net salary. An average home loan is issued for 20 years with high upfront costs, 6% p.a. rates and 2% wealth tax on acquisition.

I'm not saying you should never own a home, I'm saying if I bought one as soon as I could get my first loan, I was stuck in the hamster wheel for 20 years at least. This is a huge opportunity cost.

Again, the moral of the story is, buy stuff when you can afford it. Otherwise, you just accumulate debt forever.

Well I think for a person to be wealthy then they must have alot of money. Or it can be assets, crypto, or some other items worth alot of money.
But if a person does have debt well then they can not be wealthy. I do not think just if you have these options then you can say you are wealthy. You must have some things to show for this wealth.

The fact that you could buy house and car means you can fulfill their whole expectation of being successful on a whim.

It's just that you didn't choose to so you're still successful in this case.

I do understand the debt thing though, so many people trapped in mortgage for long extended period. Must've felt like hell. Personally I never interested in being burdened by such thing.

I guess people just have different priorities and house isn't one of my priorities as well. I like to stack stock and crypto more for some reasons.

I understand your point, people feel that if they want to buy a car it must be expensive ones and I believe that these person's that  think this way are those that have competitive mindset in things that don't really matter much, I think i support what you said, what matters about buying a car is affordability and maintenance, once you know that you can afford to get a car for yourself and still maintain it without encountering any stress or having to rely on the money you use for the most needful to keep it up and running, then you are good to go on that but if you can't thats when car becomes a big liability although ordinarily we know that car is a liability but it becomes an obvious liability when you know you don't have what it takes to maintain it then you went ahead to empty your savings to buy it, I think that will be attributed to a financial mistake.

What is your definition of success and wealth? cause from the topic, i really don't get how you're wealthy yet not successful. Personally, i think you're successful but not wealthy instead. You talked about how people don't understand the difference between assets and liabilities, and i get your pov of how a house and a car aren't assets but liabilities, but don't you think renting a house and not having a car is a liability ? i think a thing can be an asset or a liability depending on how you see it and how you use it. Having a house saves you from having to pay rent monthly or annually. The difference between the money for renting and for owning a house may seem small now until its accumulated over times. In 10- 15 years, the aggregate of your rent might be more than enough to get a house. that house, you can stay there for as long and you want and even rent it out when you're tired of it. Same goes for a car. Not having one might might make you loose opportunities and time.

Maybe to you having these things may be liabilities, but to your friends they are assets. And if you don't have any asset my friend, then you're not considered wealthy, cause the measure for wealth isn't how much cash you have, its how much assets and investments you made.  

Death is the only thing standing in the way here, all you think you have acquired means nothing if death comes for you, same as those who buy a house or those who spend their years buying assets, to me the difference isn't much.

You said a house is a liability? What a joke, in 2015 I can use $4000 to build a complete three bedroom flat, I can't try it again in 2025, it will cost me $15,000 to $20,000 depending on taste.

Maybe your country situation is why you are seeing things the way you are, those who failed to build a house years ago are regretting in my country right now, because it's too glaring that having a roof over your head as your own is the best.

The cost of renting an apartment is alot of money today and it's making people pissed about it, so much that the regret of not considering a house years back is everywhere.

Have you watched Fight Club? I assume that you and other bitcointalk members have watched it because it's one of the most popular movie. There is a moment when Tyler Durden says: "The things you own end up owning you. It's only after you lose everything that you're free to do anything".
The life is tough. If you aren't born with generational wealth, then your option is to either become a successful athlete, be one of the luckiest one who invested in Bitcoin in 2011, win a lottery or I don't know, be in the right place at the right time. I think that life is mostly luck. You are either lucky or not.

Actually what you are telling in the topic is very simple, but you are trying to make it a little complicated by pulling and pulling attitude with your friends. Of course, you are rich in the perception of not being sick, not having debts and not being responsible for other people's lives, but if measured in financial terms, you cannot be said to be rich because you cannot afford to buy a house, car and other property.
Everyone wants independence in all aspects, but the problem lies in financial capability. Therefore, you need to build wealth independently. Relying on a monthly salary won't achieve financial freedom without the support of a side income. Therefore, you should have at least two sources of income (one for daily needs and one for savings or investments).

You did not merely collapse their world upside down. You revealed the instability of the structure of success in the presence of consumer markers. For most people, wealth concerns signaling. House = stability. Car = mobility. Travel = experience points. But those are all liabilities when they are funded by infinity debt cycles. And debt is the silent religion that all people nowadays are practicing under the pretence of being free

What you are actually talking about is a difference between two definitions of wealth: dominance over future choices and consumption that validates present identity. The latter is visible and socially rewarded whereas the former is non-visual and solitary. One buys applause, the other buys time. The two are mixed up by people due to the fact that the society favors quantifiable symbols rather than the unquantifiable security

The paradox is that you can have options without exercising them, but can exercise without owning them is the default way of life. What is the psychological price of that? We have made a system in which your friends actually feel rich when they are in debt, and you feel unsuccessful when you are in liquid. The issue is clear, success is determined by the debts you want to flaunt not the wealth you are secretly holding

Wealth come in different forms. Liquid and illiquid, both are wealth but I too like liquid wealth more but at some point having a house is inevitable imo. A car on the other hand, as long as it is not a luxury one, is a necessity. It is not a liability by all means but like I said, as long as it has reasonable maintenance and fuel consumption costs.

Owning only liquid wealth doesn’t sound like the brightest idea in that sense. A guy at least needs a car because you don’t know when you’ll need it in case of an emergency.

Owning a house also gives a peace of mind since having to deal with landlords is not easy. Still though, it is not as urgent as owning a car in my view.

What exactly is the message you're trying to share? That you're rich because you have a bunch of numbers in a bank? That's great but I have a feeling that you will have an awakening one day. You can be rich on paper but still live a miserable existence and that does not sound like a good life to me. You call people corporate slaves yet are a slave to your own bank balance and only wanting to see it go up. To live a fully rounded life you should enjoy things while you are still young. It's great you've got a million and could retire at fifty years old, but your body will start to creak by then or you might succumb to illness - making all your accumulated wealth completely useless. Try travelling a little as it can really open up your perspective and stop you living like a hermit.

 Because car, and house is not your priority does not make it a wrong choice for others. Been wealthy are measure by your net worth what you own, including your cars, houses and investment. You can not claim to be wealthy when you have no tangible things to show for it. Good health can not be underrated, But if you are healthy without having money to travel to the city of your choice of eat what you want, and being able to buy what you want. Then You are sick financially. Everyone created wants to be great, we want to live a enjoyable life on the earth. If you have money and you fail to own a car or buy house just because you do not want to show up your wealthy no one will count you among the wealthy people around, people judge by what they see you do.

If you live in the city, you will understand that car is a necessity, own your house to be free from house rent is a must. In all, everyone  know what they want. But wealth must be over you if you have the money. you cant hide it, no matter how you tried.

I completely agree with you mindrust. Liquidity has intrinsic value; banks know it well, and companies and people with many not easily fungible assets who must pay their bills but can't, too. But by holding liquid wealth, you're paying an opportunity cost, that is definitely too much if all your wealth is liquid. Cash-flow management isn't easy for some reason. There must be a balance.

So despite having the money to buy a house, the OP prefers to live for rent? he may end up with no money and no house. The car, on the contrary, can be secondary, as it is expensive to maintain (gas, repairs, cleaning, insurance, taxes...) and there are cheaper alternatives. But it depends on how much you need it and if the alternatives fit your needs.

The real question is, are you satisfied and living a satisfactory life? Are you able to enjoy yourself whenever you want? You say you are wealthy, but you don't even own your house, you don't have a personal conveyance, and you don't travel around for fun, which is what most people love, unless you are someone who hates travelling. Anyway, if you think you've made better decisions in life, and today, you might not have all the luxuries, but you are better off than them because you don't have any debt, but that's only one side of the story, the real side is the story inside you, you should tell us if you actually enjoy your life this way.

Having no debts or liabilities is a great thing,  but on top of that, a person should be happy with their life in general. I don't think someone would say that they need to book a taxi or take a bus to travel around because they don't have their own vehicle, but they are happy this way, because some things are not bought or acquired for status, but they are done for comfort, as said by another brother earlier. So, if you are making enough money, or you have enough of it, you should at least make your life easier by using that money for necessary things.

It's rather a provocative title on what others think of me.

In my eyes I'm already wealthy because I can satisfy all my needs without having to earn more.

And I'm not frugal at all.

You see, this is all subjective. Be satisfied with what you've got and don't fall for the never enough mentality.

I don't know why exactly your friend asked if you have a car but there are some business that required you to have car, it package you and your business to your clients. If that's why he was asking an feels there is a need, then he is right but if they are asking because they know you are doing well financially then they don't know what financial brilliant is about, they afr financially ignorant and they want to sink you to their own hole of no return, don't think about their questions.

I can be wealthy and doing well but it doesn't necessarily mean I have to copy another person lifestyle or what other people thinks about wealth. When I was struggling to put things in order and make my investment successfully, there wasn't anyone and nobody was there with any suggestions to make it successful. Now that you are doing well, they now think they have a say in what you are going to do, then that's very wrong of them, I will advice you to ignore them.

Well, if you have the money to give yourself a well comfortable life why not? People will eventually have something to say whether you live luxuriously or not. If you can afford a house why stay in a rented place, or if you can afford to own a car why kill yourself jumping from one cab or taxi to another ni..

The thing is if you can afford to travel, buy a house or a car and still be comfortable do it and live your Life, what I don't like is showing off when you can't afford the lifestyle your venturing into or lending to keep up with it.. fake life is what me I'm against but as long as you can afford it.. just do what makes you happy.

Everyone has different opinions, and it's true that many people have a lot of money but don't want to buy a car, a house, or anything else. That's an individual right, and everyone has different ways of enjoying life.

But personally, if I could afford a car, a house, or anything else, I would definitely buy it as long as I had some spare cash. I think having a means of transportation like a car is important, especially when you're married. I think buying something that will be useful and have many benefits is very important. I don't think you should force yourself to buy something if you don't have any spare cash. Honestly, I respect your decision, as it sounds like you're planning to expand your company further or start your own, which requires significant capital. Ultimately, the decision is yours.

Only you know and understand very well what you need in your life. A car is not very important for a person, but for those who use transportation a lot, a car can be an important tool for them for personal reasons. You can calculate your monthly transportation expenses, if it is too much, then of course you can buy a personal car with which you can build a comfortable transportation system and it will reduce your hassle. Traveling around the country and abroad is a hobby of some because traveling can benefit a person in various ways, such as the first benefit being refreshment of the mind, as well as familiarizing yourself with new cultures, generating new business ideas, etc. And on the other hand, buying your own house is very important because housing is a fundamental right of people, so buying a house is very important for ensuring your housing and ensuring that future generations have their basic rights. But from your position, if you think that you do not need these, that is your personal matter. But I think these three things are very important for me.

These two things are not luxury to me unless you acquire the one that is bigger than your budget or maintenance ability. It depends on one's financial muscle but people need to be truthful to themselves. When you can afford something without being over burdened go ahead and get it especially when you know it be of help to you and not liability.

For instance, if I should purchase a car now, I will see it as an asset and not a liability because I travel frequently and commute between different cities, so I will rather see a decent car as an asset because it will help my journey to become easier and safer than when I always use the public transport but where the car can become a liability to me is when I purchase a vehicle that I cannot maintain.

The same thing applies to houses. Some people take building of their own houses as a secondary plan. I see it as a primary plan because I can't afford to be leaving in a rented apartment when I can actually get a home for my self or at least plan towards getting one. I don't see any form of investment that I will do today that should not include in its plans, acquiring a shelter of my own.

The difference between the rich and the poor is everybody's decision. A man with a capable wife can be considered by some group of people as a wealthy man, even if he has nothing else other than a wife. While a man with a borrowed car can aswell be considered a rich man by another group of people, even though they end up seeing him walking lonely on the street the next day. It's all about decision and what everyone tell themself is real wealth.

While we all are here not to think of what others would label us, it's best we set our own goals and whenever we achieve them we'd call ourself wealthy. Everything on earth is wealth, because most times the people we think are rich, are on the inside looking for what the minority group owns. Peace of mind or inner peace is also a very huge wealth. So, it's high time we stopped relying on cars and houses as the only attribute to wealth, these are things anyone can possess, it has led people into doing what's eating them up on the inside for life.

I see you're single, hence you say you can satisfy all of your needs.

Try to get married and have at least one kid, there's no way for you be satisfied because your partner will keep demand more and more.

It starts from motorcycle, then second car, then brand new middle entry car, then brand new luxury car, then second luxury car etc.

I will say you're not wealthy and unsuccessful, it's fine because most of people are like that, most people are mediocre including myself.

We have different thoughts; it varies from person to person. You are capable of buying a house and a car, but you didn't. If you have invested that money into something or in crypto, then I will say you are wealthy and successful as well. If you are just holding your cash and keeping it in the bank, then I will agree you are wealthy but unsuccessful. I have seen some people who don't buy houses or cars; instead, they live in a rented house. But they invest their funds in various ways to increase their capital. So in the future they could buy everything from their profits without losing their capital.

For me, I have built my own house but haven't bought cars even though I am capable of buying them anytime. A home I really need for my family to secure social status. So I am also renting my flats as well and have a better social status. I believe I am a successful person. I really don't need a car; when I need to move with my family somewhere, I just rent a car. So I have been investing my funds into crypto instead of buying a car. I feel better increasing my capital this way.

Buying a car is not just about having the money to afford it; buying a car should only happen when one sees a good reason for having a car, a valuable reason. This is very important for those who are starting out and have not made a good amount of money. Buying a car just because you can afford it can also be stressful due to the money you will spend on fueling the car and on its maintenance. If you don't have a valid reason to buy a car, there is no need to buy one just because you can afford it.

An average class earner is capable of satisfying his/her needs without having to earn more.

What makes you wealthy is whatever you have acquired, it has to be both in asset, properties and income.

An average earner can own a car, own a building and also entertain some of his wants when he plans for them but someone who is wealthy can provide all of these within a short time even without doing major planning, if you are really wealthy as you say without owning any property that means you don't know how to enjoy the good things of life, being wealthy is a privilege not everyone who works hard become wealthy.

Liabilities and assets are different. A car can be an asset, if you use it for work, you do not have to even use it FOR work, you can use it to go and comeback from work and that can still be profitable. Because on the long term, you have an item, that pays for itself, since you already had to spend some money to go to your work anyways, you have to realize that while the car does lose value, that difference is what you should be spending anyway. Math is this, let's say you got a car for 30k, and in 5 years, you sell it back for 20k, it did lose value but inflation happened so it's a bit better etc.

Now you are in 10k loss, correct? If you would have spent 10k on transportation in 5 years, that means you made a profit by having your car. Plus, if you also used it for work, then it automatically becomes asset, like get a pick up truck to carry stuff etc.

If I had a priority, I would definitely buy a house first. But as you said, having a car is absolutely necessary.
Even just getting in the car and driving around a bit when we’re bored or stressed lifts our mood.
Getting away from your surroundings and seeing different things makes you feel better. Even just having the car key in your pocket feels good psychologically.

Humans have their different definitions to what being wealthy means, what one may call wealth will have to be something luxurious to the eyes to see and body to feel, but to some, it is far beyond this that one can even imagine and put in the category of being called wealthy. Good health, happiness and daily sustenance is viewed as the biggest wealth one can have and many people believe it to be so. It is good to be free from debt than claiming to have properties to your name, you will one day sell them off to pay those loans. Living a life of contentment it the best.


That’s better rather being a corporate beggar. Hustling to meet ends meet and to avoid debts is very important. Working yourself to become a better version of yourself despite the many troubles hindering you achieving your long term goals is the best. Things gets better with time, just have a positive and determined mindset towards what you wish to accomplish in this life.

Well said. Being wealthy won’t make you guaranteed successful, there’s still a long way to go before you can tell yourself that you’re finally successful by all means. That is from a business minded person. But we can’t stop others from insisting their own views and insights as well, that’s also where they find theirselves successful even for us, it’s just being materialistic, not actually successful when it comes to generating active and passive income.

Financial wealth is mostly gaining misconceptions. Some just see it as merely buying house and lot, cars and different assets, and they find theirselves already wealthy and successful, even if they know they are drown in debt. However for me, the real wealthy and successful are those who stay silent behind their achievements and success in life. No need for validations, because we don’t live for others but we live for our own selves.

Don’t let others define you. If you know you are wealthy and successful on your own, then continue doing it and moving forward. Focus on positive and constructive motivations, do not dwell on people who have opposite views from yours.

It's really very hard life if we don't have that two necessities, although there could be arguments against them, but for me we needed that. You can buy a cheap car for those who don't want to spend a lot of money, at least it will serves it's purpose to make your life easy traveling from one play to another. Of course, a home to you and your family, this is very important as well. It's hard to live frugal life, and actually everyone doesn't want to be in that situation. So if given the chance then it's better for the OP to buy those two as he has said, he had wealth so spend it wisely and see yourself as successful, it's all in the mindset.

I think all of you guys don't understand the concept of satisfaction which is mainly related to self happiness. You and many others think about enjoying wealth by spending money on confort life elements like buying a car and owning a house or whatever even by getting in debt, while others may not see it from the same angle. Me personally i don't own a house (still live in rent) and i don't have my own car (i hate driving and even have phobia from car accidents). Does this mean i am not that happy enough compared to the way others may think? If you don't need something, don't buy it. If you are happy with donating money to poor people instead of spending it in luxury stuff, just do it. Everyone has his perception of life satisfaction and money utility. I can consider myself happy because i have all what i need to live in peace and have no debts.

People may live in luxury homes and driving luxury cars, and eat in luxury restaurants, but I don’t think all of them find satisfaction on what they’re currently doing. And if ever they are, their satisfaction is just temporary, once they lose their assets, they will never be happy then.

However, others don’t adopt the same mindset and perspective. Personally, I don’t flex whatever achievements I got, be it material or not, that’s because I’m not used to it. I’ll stick to what is low key, and focus silently on pursuing my dream investments and assets for my future retirement.

Because someone is driving big cars and also living in a big houses doesn't mean they are actually showing off their wealth or trying to show their satisfaction via material things, yes wealth and material things givea us happiness amd sense of fulfillment and that can be bear satisfactions.

But i still believe that satisfaction goes beyond having the financial ability to buy whatever you want and give yourself whatever life you wish, sometimes satisfaction goes beyond what we can see or touch.

The world is filled with too many people with this type of approach towards life. Only a very few can tell what is good for him/her. People don't understand the fact that driving a good car and living in a big house does not actually tell the true financial capability of a person. I have heard of several funny stories of people that chase after this good things, while living in a financial mess just to keep up with the lifestyle. I'm not saying that these things are bad, moreover, there are part of necessity, but for a person who completely understands his/her financial capability, there ought to be some boundaries.

My only advise to you OP, is that there shouldn't be any form of intimidation. Besides, I see no reason why they should have high expectations for you when they clearly didn't offer any assistance in the first place.

Our perception to the world and our lives depends on the economy model we are living with. This is what we learnt from Karl Marx about Capitalism that push individuals to think about satisfaction/happiness in life only by spending more to consume more. Even those who consider happiness in just satisfying basic needs, will never hesitate to buy a Rolex watch worth thousands of dollars in an opportunity deal despite they don't need to check what the time it is every hour (main function of a watch).

Cars aren't really liabilities if you buy and use them for business purposes, for example, car rentals or TNVS services. The same goes for houses, if you make them rentable or list them on Airbnb, they become assets instead. It all comes down to perspective.

You might have enough money to stay debt-free, but if you don't utilize that money to generate passive income or invest in a business, it will just sit there as savings, slowly losing value due to inflation.

Then feel proud for yourself and for what you have truly achieved, without being in debt (the most important aspect of your financial life). You know your limits and until where you can go on the present moment, so that is a wise and smart mindset you have. It doesn't mean you won't be able to own a house, a fancy car or to travel around the world. It just mean the time for those deeds hasn't come yet.

The biggest problem of paying attention to someone else's life is that the individual ends getting into despair because he doesn't have what the thinks his neighboor or friend have. He wants to reproduce a hypothetical reality he just knows from the screen of his smartphone, through social medias' apps.

Focus (on your own journey), patience, determination and self-awareness are the key.

Then why do you call yourself rich? If you don't use money, it's just a piece of paper. And no one ever gets rich with a piece of paper. If you can afford to buy a house, you should buy a house, if you can afford to buy a car, you should do that. If you are not interested in a luxurious life, you should do charity work. If you are not willing to spend money, don't call yourself rich.

Nothing in excess is good, be it spending or saving. I will not stand by you and I will not stand by your friends who are living a luxurious life on loans. You should arrange your life according to your ability and enjoy it. What is the use of earning money if you don't enjoy it? Money has value only when you spend it, otherwise it is worthless.

Financial wealth does not always create false perceptions. How you use your wealth depends on how realistic and visible it is to you. Most rich people have debts to banks but at the same time have a lot of wealth. This tendency is common among most rich people because after they have one asset, they try to create another asset by putting that asset as collateral and financial institutions trust such people more and give them loans. As they get into the debt trap they start owning a lot of wealth.

I think the real rich are the ones who are debt free and have been building wealth through earnings. Yes, if someone wants to build wealth through this process, he has to spend a lot of time but I think this is the ideal strategy. Trying to get rich in a short time can make you greedy and more likely to make bad decisions. And more likely to become poorer instead of financially secure.

You have to be satisfied with your wealth so that it will not lead you to wealth that will make you feel or think you are wealthy and successful with what you have achieve from your investment, i know you can be wealthy and not successful in your investment, base on one challenge that is making you not to be successful whenever you are approaching your target and the price of the market will not come as you wish,  investment knowledge can help you break such challenge to improve to become wealthy and successful but for you to confirm if you are wealthy and successful, wealthy will come from your income you are making daily or weekly to secure some assets that will make you confirm you are wealthy and successful in your investment.

Car is not a liability. Getting a house of your own is not a liability and traveling around the world if you're financially disposed to it is not also bad. There's a way one can build wealth through these means and certainly, the way the society generally measures wealth is based on who has these kind of things.

If you're actually wealthy, then rather than seeing a car is a liability, you should actually consider it a necessity because it makes life way easier. Even if you're considering getting an expensive car for instance, the people that still buys such cars do so with the option of likely selling it out in the future for more gains. That's the reason why people buy multiple of cars.

If after spending all your active years hustling in the city you can't boost of at least a car, house , or a decent asset, you sure don't have the right to think of yourself as one that's rich.

I'm sure @OP invest his money because his mindset is looking for something that the value will appreciate.

Unfortunately, investment alone aren't enough. People might invest their money in Bitcoin for long term like 4-8 years, but if they don't have a high income skill, overtime their investment will decrease because they keep withdrawing their investment to survive.

This also applies to asset which give annual interest, if people think just using the annual interest to live is free, but they forget with the inflation.

You are not rich nor wealthy yet, if you still think buying a house of your own or a car of your own is a financial mistake. There are some opportunities in this life that you can’t get, or you might miss them, due to not having a good car. Even though you are an investor or a holder of Bitcoin, you still need some certain things in your life, so that at least you will feel you have achieved something different. But staying in a rental apartment or house is not a sign of a wealthy person or a rich person. Unless, for instance, you had a hotel that belongs to you, then you have some part around there that is your main residence, then that will be understandable. But still, you might lack peace.

So, what I want you to know is that your friends are right to be disappointed in you, as the most successful among them, and still you haven’t achieved anything yet in life, while you see yourself as a wealthy man. To break everything down, it is either you are still struggling to be there, or you are a very stingy person.

If you are wealthy you cannot say that you are unsuccessful, maybe the wealth has not started to manifest physically but it doesn't make you unsuccessful. It is good to build wealth first before showing riches, some wealthy people who are just starting out are in a hurry to show their wealth, when they do that it can stunt their wealth to be generating more wealth. Example is if you just made a lot of money instead of investing it in a profitable asset like Bitcoin you rush to buy a car to impress people, cars are depreciating asset but Bitcoin is a store of value. It is better when your wealth gives you profit to buy assets that people can see.

This is so true; I used our car for our daily travels even though it isn't paid for yet. Also, I have 3 kids; this reason is the most favorable reason for me, as it's convenient for me when travelling, knowing I have a medium-sized family. In the end it's not about others opinion but based on what truly matters. The need and comfort of knowing you still have a debt to be paid.
The OP has his or her own opinion, and so do I and all of you. The important thing is we live a happy life and face struggles and reality head-on.

This your story hit. Many people think wealth is all about to show off house, car or flashy lifestyle. People do chase so many fancy life, and post images just to look like they have arrived, but they don't get peace of mind. Meanwhile, please plan well, invest well, and avoid unnecessary pressure you will enjoy freedom later without stress. True wealth is not all about showing off, as they say slow and steady win the race, run the race small, small you will definitely win.
Some post other people properties as if it theirs poses themselves on other people cars, that is lifestyle of lies. Life is not showing off but let your achievement should be talked in the community and not you. If you are doing well people will see and they would talk about you. You don't have to advertise yourself.

From the title of your topic, it shows that you don't understand what wealth is all about. If not, you wouldn't say that you are wealthy and unsuccessful because all wealthy people are successful. Having a house is not a liability but an investment because you can be renting the house and get paid annually. You have also conquered shelter and wouldn't have a rent responsibility.
an individual with abundant material wealth, such as a great deal of money and valuable possessions

This must be based on the needs that exist within us, not just style or prestige, such things are only needed by the ego, not the whole personality, wealth or success does not describe anything if it is difficult to achieve it, but as long as we can fulfill the needs of life and have a comfortable life without the demands of ego and prestige, that is already a successful and rich life without abundant wealth.

As far as I know wealthy people those who achieve financial freedom not only for the long term but also for living a luxurious life, at least by owning a house and a car. What I understand from your story is that it's about managing your finances or preparing for financial freedom for the future by not buying a house or car first, so you invest all your money. This is different from your friends who own a house and a car but don't have long-term assets, instead they're mired in debt.

It's undeniable that the definition of wealth for villagers is usually based on physical attributes like wearing jewelry, owning a car, and owning a house. For them, investment assets, especially Bitcoin, aren't considered rich perhaps they don't understand the benefits of investing. Therefore, you must educate them about investment knowledge.

One of the objectives of earning money by working hard is to enjoy a happy life and for this you must buy your daily necessities, one of which is a house of your own and a car to move around comfortably. But you can buy this at a time when you are financially very strong. Until then, no one can consider himself financially successful until he has that amount of money with which he can live a luxurious life. That person is financially successful who has the opportunity to generate a huge amount of money and is able to fulfill the needs and desires of his life.

So, someone who is truly financially successful and wealthy can definitely buy a car and a house, this is a natural thing for him. And someone who is afraid of his future considering his financial condition is never financially successful. He has to build a better position, for this there is no alternative to hard work and investment.

The OP has probably used the term "wealthy" in a different sense, trying to say that he is wealthy because he doesn't have any debt or liabilities, and is free to choose what he wants to do instead of being a corporate slave, but he actually didn't specify the things very well, and that's the reason why most of us are getting confused with his terms and how he described everything.

You can't call yourself wealthy and unsuccessful at once, it's true, because you can't be wealthy if you are unsuccessful, and you can't be called unsuccessful if you have wealth, and if you are trying to say that you are wealthy because you are doing what you want to do in your life, and unsuccessful because you don't have a house or a car, then you should know that you are basically still struggling in life, and you are not wealthy or successful.

Someone who is wealthy should have every necessity of life, and I don't think that not buying a house because you want to use the money for investments or businesses means that you are wealthy, you are basically not wealthy if you don't have enough money to buy a house and also do business simultanously.

People don't see wealth and success the way,their perception varies and that depends on personal goals, interest and values.Belief,values and efforts differs in pursuit of happiness and success;wealth is not just about money,for some it's financial security or living according to one's values, passion and purpose.

So what's your definition of successful then? Those don't seem to be your goals but goals of your friends so it's not really any kind of measurement, unless your idea of being successful is being successful on the eyes of those friends.

For me, being successful is filling at least some of your goals. And by "some" i mean things you actually can fill, not goals you set up in 5 years old when you think literally anything is possible. If you keep all those dreams, you might think you are unsuccessful no matter how well you have spend your life.

Success has broad and subjective goals. Generally, if the goal is to build wealth, it means you've achieved a career or goal that can create wealth because you have a source of wealth from the career you've built.
And if you've achieved both, there's no harm in buying what you need, like a car if you really need one. I think it's important because a car can be a means of transportation for traveling or for essential purposes. And you should also own a house, which I believe is far more important than a car, because a house is your shelter and a place to rest. After all, people will judge you as successful and wealthy if you already own a house, and vacations are also important for refreshing the mind and reducing stress. And more importantly, you must have assets or investments to maintain your wealth and success in the long term.

Getting yourself wealthy is already a huge success. You don’t seem to realize it but a lot would already consider it as their dream success. However, we all have different point of views on how to be successful in life. Some that are already living in luxury could be seen a success for others, but for people who never see material things as a form of success, they will always find ways more than that.

Financial security and freedom is what matters the most for them. They will only see success in life if they have established this as early as now, and would find peace and contentment which they can’t experience through living with luxury.

If you work on it to achieve your wealth, that’s something that anyone can see a big success. Not everyone can be wealthy, but when it comes to success, some can acquire even small achievements but it’s certainly a success and we should still be proud for it.

While success can be seen only when you have bought highly expensive material things, but few of us here do not even see it as a real success but only a temporary satisfaction. Success is aways more than that, and it’s a non-stop working process until you finally experience the peak of your success.

Some call buying a car a liability, but seriously it is not a liability and if you have the means to get one within your means, you’ll understand the many advantages of having one especially if you’re married and have a family. The luxury of life doesn’t ends in having the whopping money all the time, but also having something you can call yours, makes your life more easy and comfortable, having that good health and staying out of trouble is one of the luxuries of life you’ll ever want to have. When buying houses and cars, some people do not really know that they’re also assets to keep for the future, but selecting the best one that will be valuable more in the future is the best to invest into now. Luxury is great, but doing it with a calculated risk is the best.

The fact is that there are certain things that are important in our lifes, despite being seen as liabilities. Many people you see using cars are not doing because they want to live a luxurious life, but because it as come necessity in their lives.

Just imagine someone who has a wife and children. The wife is a worker in one direction, while the husband works in another place. They also have children who attend a school that's a bit far from their house, and they always need to be taken there. Now, is a car a necessity for the husband or not?

If he decides to manage these daily journeys using commercial transport, he will spend a lot of money and he may always be late for work  or the children will be late for school. So, not everything that appears to be a liability is actually a liability, because it holds value in some people lives.in fact, what is the point of gathering wealth if not for meeting one's real needs?

In my culture, wealthiness is owning assets, and in little sense, those in rural area called goat, cattle, farmland, and many other natural things as asset, they never consider buying a car or building a house, once they can grab these I mentioned then their wealthiness is rest assured.

Moreover, those in the city needs to be very careful because most of them ends up not having any of these because it's an expensive place, they usually stay in the city spending on entertainment to another while getting asset literally make feel like, where else will they keep them since they aren't in their place of abode.

You should buy a house, life is not always about the money, you are going to have family soon and old parents to look after if they are still alive. Hence a fixed roof is important.

A vehicle is optional because public transport is often lacking in some places, this depends from person to person.

Travelling the world is also optional but at least know your own country because travel is a part of life's education ans skills. You learn a lot of things during the process of traveling.

Me I possibly think you're confused sorry to say that because your thread said I'm wealthy and unsuccessful, but from the context it's all proves that but you seem to hide it from your friends and then the part you said unsuccessful are you literally driving at saying one can be wealthy and yet still unsuccessful that's why it's needed to invest on assets other than liabilities inorder to differentiate between them.

But people have different opinions on what they classify as an assets and liabilities so it's hard to really predict who's wealthy and how he's successful.

It still depends on our own definitions of some concepts like wealth and success. Someone wealthy in monetary term doesn't mean he is surely successful, and someone successful doesn't mean he is wealthy for sure. Also it depends on the general economic conditions because someone with one million dollar in Ukraine waiting for Russian bombs to destroy his wealth at anytime can't feel happy, compared to someone employee with debts in a safe country like Canada or Australia. It's always relatve to determins such concepts

There's something I'll always say, there are two set of wealthy people in this world. Those who can buy and afford it, and those who can buy and can't afford. A lot of people thinks that just because they have the money at hand to get an asset means they can afford to buy it. That's totally wrong. You can afford something when you have like double of the purchasing power.

I know some might get me wrong here. But try to put in in this scenario. A wealthy man buys an expensive car, which he knows that if he takes out that money from his wealth, he would still have enough to cover for repairs, fuels and other things needed for the car to last. But you on the other hand who has that same money and only that to buy same car, you literally cannot afford it. You have to put other things in consideration after you get the car.

I am not really sure what you were trying to say with this topic. To be honest, it sounds like you are trying to show off and act smarter than your friends... and everyone else. If more people were like you, the economy would be thriving.... Or maybe I got it all wrong...


If we are going to be philosophical, none of us really owns anything except our bodies & souls. We can think whatever we want, but we are all on the same path. And when the game is over, we leave everything behind... where we are going, we can't take anything with us.

I think this is a good place for this one:



One & only... Bukowski.

This isn't the first message of this kind that I've seen on forums, and I think that, to begin with, it expresses dissatisfaction with the people around him or his life in general. In any case, I think that in the future he will do much better financially than his friends. If we believe what he says, he has a good net worth, has clear concepts of personal finance, and doesn't let himself be swayed by what others say when it comes to spending.

We can make the decision not to be a slave to any company as long as we dare to develop our resources and are not afraid to step out of our comfort zones to start a much better life. I also have close friends, and the five of us are of the same age and have the same opportunities to change our lives. However, due to various factors, one of our friends decided to start his own business. Long story short, he thrived and is now one of the four successful friends. This shows how daring someone to step out of their comfort zone and work on their own system will provide a much greater chance of success when pursued seriously.

Not everyone has that kind of courage, and many of them think about the risks they'll face and are also afraid of failure. This is, from many people's perspective, the reason they don't dare to try.
And I also think the same thing: if we want to change, we have to do something out of the ordinary. This must start with ourselves, regardless of whether we succeed or not, but doing something or trying to do it is better than doing nothing.

Those who work endlessly and look for extra work should change their understanding of the financial world. And I am not talking about complex economies, but about money management within the family. When I first read Robert Kiyosaki's book "Rich Dad, Poor Dad" my world changed. And I immediately recommended it to my friends. Did the world change in their heads? No. Half of them did not read it, considering this book mediocre. It is their choice. Many people do not want to see the world from new angles, even if they are told to. Oh well. It is their life and let them live it themselves as they want.

Every real man must have a house(or apartment), a car and an income source(job or business). If you don't have a house and a car, you are not a real man(according to the boomer mentality). ;D I also don't have a car and my own house(I live in my mother's house), so I'm not a real man as well, I guess. The "American Dream" was all about making money, having your own house and a car. This life view is embedded in the consumerist culture. The problem is that success is measured in money and material things by almost everyone. I don't measure success with the amount of money or assets I have. I just want to be financially free and to never have any debts to pay.

Moving back home after years away really opens your eyes to how differently people view wealth friends who hadn’t seen me in ages thought i must’ve owned a big house driven a nice car or traveled the world when i told them none of that applied to me their faces dropped like their whole idea of success crumbled in a moment what they didn’t realize is that wealth isn’t about ticking off flashy boxes it’s about choice i could’ve bought the house or the car but chose not to because it wasn’t the right move at the time.

So many people fall into the trap of thinking debt equals ownership they sign loans for houses and cars then live stressed just to maintain the illusion of success while the real key is building assets that work for you not against you i’ve seen it in my old classmates some buried under debt chasing side hustles just to survive while i sit in a position where freedom comes from money working for me not me working for money people can laugh at books like rich dad poor dad but the truth is unless you shift your mindset you’ll always be a slave to the lifestyle you think you need to show the world. True wealth isn’t about impressing people who don’t pay your bills it’s about having the power to walk away from anything that doesn’t serve you when you live without heavy debt you breathe differently your choices are yours not dictated by lenders or bosses chasing every paycheck i’ve seen people grind endlessly for luxuries that actually lock them into chains while others with less outward flash are living quietly free in control of their time and future at the end of the day wealth is not what you flash on the outside it’s the options you hold on the inside.

You are absolutely right, money alone can never guarantee  that you are successful in life. Because money can finish anytime, but if you have plan and invest in many things that will be bringing you back profit that is when you can call your self successful person. because if you are not into any business or doing investment and you have wealth you will surly ended one day because if you are spending the money and you don't have anything returns you will end up a broke person.

So to be a successful person you need to have many plans that can be bringing double of your capital when you invest or do business, that you believe he can bring huge profit for you. You can have wealth and you can call your self a rich person but in few years, when you didn't set your target you will always end up losing all your wealth, because is just like you are just spending it to liabilities not using it for assets, that will bring more wealth to you.

But that's easier said than done. I believe we all know that to be successful, we want to have things that others don't have. We need to step out of our comfort zone and do things that others don't do. I, you and many people here know about it, and we always give that advice to others. But do any of us do it ourselves or do we just talk and give advice to others without doing anything?

I have heard many people tell success stories but the thing is they only tell stories that they heard from others or the success is their friends'. I have not seen or heard any success stories of their own. That shows that talking is easier than doing, and giving advice to others is easier than doing it yourself.

This isn't easy at all, because oftentimes, people who actually have the courage to step out of their comfort zone are held back by various factors, such as family responsibilities (they are the breadwinners), which makes them reluctantly undertake something that makes them uncomfortable.

This is actually a problem that doesn't just stem from within, but also from external factors. One of them is how many families view their children as "assets"? They become dependent on their children for their livelihood, even though that's not the way they should think.

That's true success is when one is able to fulfill their heart desires,  goals but if one is unable to achieve this it means one is struggling to be successful.  Being successful is not just about money because you can have money and not be successful,  that is why you will see one who have money but still worried and sad because they have failed to be successful about their goals. Success is all about achievement of goals .

You consider yourself wealthy that doesn't make you rich. It's better to talk in numbers, like what is your real net worth?

Driving a flashy car and owning a villa is what people think as rich but you already said that it is not the right decision by finance but everyone got their emotions so if you can then you can have a car atleast one that can move your from one to another and a place where you can get yourself comfy.

The true definition of success is being able to achieve your heart desires and execute your plans with the help of your finances it is more of having properties and businesses, money is also another aspect of success because no one is successful without being ok financially because without money there will be so many good plans, good dreams but it will be difficult for the dreams to be actualized.

This is the problem we have in the society today, a lot of people are buying properties that end up becoming liabilities to them. There's always a right time to acquire certain things, just because you have a good amount of money doesn't mean that you are ready to build a house. I know a lot of people that started building but they stopped half way because they are not smart enough to know  what to invest in when they are not stable yet

How can be the property becoming liabilities for them? if their plan is to flip the property in short term, that's why they see the property as liability.

Many people want to sell their property overpriced because they're overconfident if housing price always rising and they buy at the peak. But, property price is completely depend on the number of population, if the birth rate is keep lower, property could be no longer an interesting investment anymore.

This is why you use your free time to try to make more money. As in, if you work lets say some normal job that is 9-5 type of job, then you come home, and then work on another job, what we call a side-gig so that you can grow that and make that into a full time job. That would not be bad and it would actually be something that would allow it to grow as well.

I personally believe the best way to make some money is that, and you should be making sure that you are putting enough time on marketing side of it too. If you do that, then you should be bale to make some money and it wouldn't be a bad idea at all, it would give you some chance to make some good returns. It would make you spend less time with your family though, which is sad of course.

There are more importance of owning a car than moving from one place to another. When you own a car you attract the right investors, customers, client, and people in general to yourself. Another importance of owning a car is because of getting on time, when you have a business meeting. You wont get late to work, or to your office when you own a car, except there is traffic on the way. And lastly, owning a car is an asset, if nothing happens to it. You can choose to sell it in case of emergency or whatsoever reason.

Wealth is actually living life at your own pace and being able to afford the things you want comfortably without disturbing anyone for those things...The standard people set for themselves in this generation is far fetched that's the reason why majority of people spend more than their income and end up being in debts...your responses to those questions asked were mature and they are the right answers

The primary reason to own a car is to get your from place to place every other ones like you mentioned aren’t more important but they are called secondary. Practically you don’t need to own a car to attract investors or clients to yourself, if you notice that your clients need to see you in a car before they trust you then you can rent and go for luxury cars when you want to rent.

Car is a liability and is not advisable for someone who is a beginner to have a car and you know that that car will not contribute 78% to their function, so if car cannot contribute to your function I think it is not necessary for way to have a car as a beginner,

From my observation you need to build a source of income first before luxury, because luxury is hard to maintain and is not something that you may not continuously having or doing that is why you need to work to the way of your success so that your luxury will be a continuous one

Buying a car first in order to rub shoulder with your mate, that will a slightly contribute to your downfall if I am not mistaken, because living a luxurious life can make you to be poor in future if you have not balanced very well, it will be more encouraging for we to venture into a business or investment that will give us profit to maintain a luxury instead of getting what you cannot maintain as a result of competition.

Dude reasoned as if he owns his life and knows when he will die. Funny enough, he could die tomorrow and in the end die as a poor man without enjoying his wealth. No one is saying you should buy liabilities, but buy the basic things that will make your life easy and not investing forever. If I may ask, when exactly was he expecting to own a car and house. When he is 100% comfortable? Will such a time ever come?
I do wish dude could read through this thread and have a second thought.

I guess it's a "blessing in disguise" that I'm living in a rural area instead of living in an urban area on in this case, a capital of a city or else, I might experience the same things that you've experienced, and I've been questioned the same questions that you've received.

The term "wealthy" is a very broad word, and depending on the person, we have different description of wealthy. You can have a lot of assets and consider wealthy. You can have a healthy life without any diseases whatsoever and you can call yourself wealthy as well. You can have lots of money in the bank and can call yourself wealthy as well. I mean being wealthy doesn't mean "You have a car", or "You have a house", or you are travelling the whole world already using your own money. For me, I consider myself wealthy already just because I'm not sick, or experiencing anything bad to my health at all.

Well, that's the problem when you don't have or you have low financial literacy. They think of their house or their car as something that they can sell at a higher price in the future or they think that if they have either one of them, their value increases. We can't blame them if they grew having that kind of mindset, but the best thing that we can do is to educate them what really is an asset, which are assets, and which are liabilities as well.

As for being a corporate slave, I have nothing negative against them, but if you plan on staying as a corporate slave together then that's already a problem with you. I would rather be a corporate slave, but having a side hustle so that if I don't want to work anymore, at least I have the side hustle that I will be focusing more on.

Well, and that's an exception because everyone has to make decisions in their life, and every risk that occurs becomes a consideration for how someone tries to improve. If we never try, we'll never know what level of success we can achieve because staying in our comfort zone doesn't always make us comfortable. Working for someone else also carries risks, such as being fired, and if that happens without any preparation, we can also be unemployed. Take more decisive steps and make adjustments so we have a decision to make when something unexpected happens. Successful people are generally not afraid to make even difficult decisions because they realize they have to risk small things to become bigger and develop..

I really enjoyed reading the story, yes there are many who buy and build cars and houses but considering their financial resources they would never do that. They buy houses and cars by taking loans at high interest rates. At some point, the amount of debt increases so much that it is not possible for him to repay the loan even by selling the house and car. There is no point in taking unnecessary loans to buy a house and car just to decorate a false lifestyle. I have met some friends who built houses by taking loans from banks, but in the middle of the process, their financial situation was so deplorable that they are now living in very bad conditions. That is, it would be wiser not to build houses and cars than to live a difficult life by taking loans and buying houses and cars.

As much as I am strongly against people accumulating liabilities when they believe within them that they are rich and have arrived, if you are actually wealthy and without debts as you claim, you should be able to afford a car and a house for yourself. No buying any of these does not take away liabilities from you. You will still spend money on renting cars or other means of transportation. Not owning a house does not make you better either, you are still indebted to your landlord.

A combination of both financial discipline and a little comfort and fun is highly adviceable. What is the whole effort for if you can't make life comfortable for yourself?

Yes many people do not dare to do but to change their life, any steps should be taken. But first we have to remember, no matter what we do, there may be some fear at the beginning. And we have to overcome that fear and do any other business. Then it will be seen that many will raise their hands. And we will never be successful very easily. We need to work hard to achieve successful.  But we can fail many times in the beginning. We should learn from this fail. And we need to correct the mistakes.

Exactly.  None of us knows what is coming.  I think each one of us has probably a different view of what "wealth" actually means.  For some of us, its just pile of money and "freedom of choice", for others its just a stable life and being able to provide themselves and their families with the basic necessities.  However, I dont think any of us have the right to think we can judge other peoples decisions if their choices do not affect us at all.  The entire argument is ridiculous, because it is based on an assumption.  OP doesnt understand that my choices are my freedom.

But I guess for the majority, if we talk about wealth then it's all about the money. And what it can bring to our lives, financial freedom, good life and it could also meant generational wealth to our family.

So it's really important to really achieved this financial success while we are still alive. Sure you might have a lot of money, but if you don't know how to used it as a instrument to make your lives better like in the case of the OP, then it has no value.

I agree that we shouldn't be judge mental, but we are just giving our opinion, could be 50/50 or we could be right after all.

Owing a car isn't a criteria for attracting the right investors, clients or people to yourself. I'm curious on why you think so. Yes, owing a car could get you to where you need to go with ease and with a higher level of comfort than you could get using public transportation. But in some countries like Japan and Germany, public transportation is mostly punctual and very reliable. Yes, disruptions and delays may occur from time to time due to bad weather or other unforseen events but it still doesn't negate the fact that public transportation can be and are punctual and reliable.

Also, if your car is mostly for personal use, then it could very well be considered a liability and not an asset. And in case of an emergency or you just you decide to sell the car, you most likely won't sell it for the price you got it for as it's simply not a new car anymore. The price would be reduced even if nothing happens to it.

A house may be a necessity to claim to be rich, but I don't think so for cars, because whether someone is rich or not depends on their surroundings and their own satisfaction. When we have more in anything compared to the people in our surroundings, we can be considered rich (even if we don't have a car). And I think all of that also has to come back to ourselves. When we think that we have enough of everything, then that is enough without needing recognition from others.

Do you live in developed countries? if yes, nothing surprise you can think like that because having car in developed countries is a common thing.

If you live in developing countries, do you have a car? there's a difference between other people perspective to you when you have a car or not. Owning a car will make you look successful.

I agree with him, owning a car do attract people to you, but in the end it's all about your skill to convince the clients to make a deal.