Maybe I am already rich?
I saw this post by Retire by 40 the other day, and liked the concept enough to rip it off :)
From his list, I agree with four items, completely disagree with another four, and we already have the other two... see if you can guess which are which, and I'll tell you at the end of this post.
First of all, let's define rich. I think rich is a net worth over $5m, giving a passive income of $100,000-200,000. We are a very long way from this, although there is a small chance we will get there at some point, particularly if Ray Kurzweil is right.
Also, I don't think being rich is something you need to be happy. I think happiness comes from purpose, from connection, from health, and from freedom. Being rich might help a little with some of those, but not necessarily. We're already rich in experiences and opportunities.
But back to the task at hand. What ten things would I buy if money was less of an issue than it is now?
I hate driving and am not good at it. I keep having minor accidents. The first thing I would do is stop driving and use taxis. This is likely to be cheaper than owning a car fairly soon anyway, so I predict this will happen whether I end up rich or not.
I actually enjoy working out, but don't like sharing squat racks with others. A personal gym and a trainer to help keep me accountable are a luxury I would be happy to splurge on.
I would probably buy/build a new house in a beautiful location. Failing that, I might consider renovating our manshon. A manshon is basically a concrete box, so you can rip out everything and remake the interior layout from scratch. It would be nice to have a room design that perfectly matched our needs.
I would get some nice clothes and shoes. I don't think much about clothes but enjoy wearing comfortable ones. Getting some help with this would be a good investment. Ideally I'd end up with a few outfits that I wouldn't have to think too much about.
5. Furniture/house stuff
Well made things are a pleasure to have around and to use. I have some saucepans I got from my grandmother. I have no idea how old they are but they ooze quality and are a pleasure to use. Buying some quality furniture and kitchen stuff seems like a no-brainer if you can afford it.
I can't really think of anything else.
The funny thing is that we could buy all the stuff on that list already, it's just not a priority at the moment (I'd rather have more cash flow before increasing our spending).
From RetireBy40s list, we already have a cleaning lady who comes in once a week and does a couple of hours, and we travel first class on airplanes every so often using air miles. Both of these are well worth it to us.
I much prefer to borrow things (hotels, taxis) than buy them and pay the associated costs (houses, cars).
How about you? Any unmet needs? What would you buy if money was no object?