Are wealthy people less stressed?
Does the average American millionaire experience less stress than the average American wage earner?
>Are wealthy people less stressed?
If you're rich and sick, premium healthcare is only a phone call away.
Rich people never have to worry about affording necessities like food, rent, or utilities.
Commuting is nothing to the rich, who can get people to take them anywhere.
The rich don't have to think twice about going on vacation or pursuing their hobbies.
All of life's typical problems dissolve in the presence of huge amounts of money.
They tend to, as long as they're not stupid and blow their fortune.
Where do you think the term "old money" comes from? Nowadays with stocks, as long as you have enough invested and properly diversified, it's basically impossible for you or your descendents to go poor if you don't start wildly outspending your income or fucking with your investments.
Made 500 bucks yesterday trading eth. It was an insane rush.
Now its down to 120 and im depressed even though other unrelated stocks went up by a 100 today.
I now know how stressful it must be to be trade large sums and to lose money. And how it feels to think its never enough.
> rich people
yep. most of them that I have met are. They usually look terrible too.
They put money way above everything else in life and paid the price.
but hey! respect from people you don't even care about right!
>You'd be amazed what a stock market crash can do to your wealth
It would do nothing because if you're wealthy you're already hedged AND you can just hold until it recovers.
Nicely spoken like a poorfag though.
>but cnn said millions of people lost their life savings in 2008!!!
I suspect thier is a diminishing return threshold, and then a point where it goes on its head. I have a close personal relationship with a man who is a legit self made multimillionaire. Estimates run into the 40m territory on net worth. He is an older guy. Very cool guy. Not snobby at all about his wealth, but he is also clearly obsessed with it. Their was a time when he was a shrewd businessman making deals to secure his future, but now he is in a mode I can only describe as wealth for its own sake. He could retire today with enough for his theoretical grandchildren to be 3rd generation rich, but still he plugs away. Money, for him, is not stress free. But it could be.
His son, who is 30, lives a nearly zero stress life.
It's so fucking true. Half my anxiety is gone now that I don't worry about basic necessities anymore. I worry about other things now, but things that I have the convenience to worry about now that my teeth aren't hurting and I'm not hungry.
It's about finding what you value, and achieving in that area. For instance, a person i know makes lower 7 digits a year salary and had an opportunity to take a job that pays closer to 8 digits. the reason he decline was because while he valued money, he valued family more. He knew if he took that job he would have to travel constantly and would miss out on his children's activities (sports, music, etc.). He knew he didn't want that, so he declined. While he's missing out on a few mil a year he's still the happiest 60 yr old i know. He loves his best friend (his wife), and is absolutely engulfed in his children. Honestly, happiest guy i've ever met.