Originally Posted by
Name User
He probably bought a long time ago. Or just lives very frugally. A CA I fly with lives in a small home outside Atlanta he paid around $100k for in a small town. Not all pilots have $80k pools or a Mercedes in the driveway, even though we could afford it. I buy stock instead of cars and pools with my money
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I have lived frugally almost all of my life; same with my wife. A couple of years ago, the numbers indicated that our money would not only outlive us, but it would also continue to accumulate.
As it is, our kids will each get more than enough to blow after we're dead. … and the average number of generations for large inheritances is two before it's all spent.
So we're now spending some of our money. We still max out our 401ks and IRAs, but we're not saving extra anymore.