Many of us have dreamed of attaining a level of wealth where we don’t have to worry about finances all the time. Having more than enough money means not having any residual guilt whenever we spend what we’ve earned on things that aren’t really considered necessities.
This is the life that the upper class wakes up to on the daily. Regardless of their means of profit, people generating six figures and up monthly get to spend their money a little more freely than those who don’t. To get a better understanding of the opulent lifestyle, here are some of the things that the rich spend their money on.
Properties
Real estate investment is one way of generating more wealth. This is why luxury homes for sale in Kansas City and anywhere else will catch the attention of those capable of buying them. These properties are to be added to a real estate portfolio.
While rich people usually don’t actively handle their portfolios, they do have financial and real estate experts at hand that help manage their assets. This assures them that their finances are in safe hands while they are off enjoying their wealth.
Their properties aren’t only for investment, though. Owning more than one home means having a place to escape to when the responsibilities get too overwhelming. Moreover, considering the money in their banks, wealthy people can purchase or renovate properties to suit all their needs.
In fact, some of the most expensive properties in the world boast amenities that don’t require its owners to leave the premises. IMAX theaters, bowling alleys, and olympic-sized pools are some of these features, to name a few.
Personalized Items
Luxury brands like Gucci, Cartier, and Hermes continue to catch the attention of the rich and famous. However, wealthy clients now desire more for the money that they are paying with.
It isn’t enough to have the latest purse of clothing. Many now seek out possible ways of customizing their items so that they stand out from the rest. Customization gives clients the opportunity to own something of high quality and value, while also stamping their personal aesthetic, and maybe even their name, all over it.
This has gone beyond simple clothing and accessories. Some individuals, like cosmetics mogul Jeffree Star, have even installed customized items in his home in Calabasas. The property is known for having stunningly pink interior and housing a vault that contains some of Star’s most prized accessories.
Experience
Wealthy individuals don’t only splurge on material items. There is so much that money can buy, and among them are unique and even private experiences that are either cultural, recreational, or sometimes both.
Sports, concerts, Fashion Weeks — these are only some of the things that rich people take to the next level. When attending regular events like games or performances, they get better chances of meeting high profile individuals like athletes or musicians.
Vacations are also better when you’ve got money to spend. While the less wealthy have to suffer through tight spaces during flights, private jets are available to those who can afford them. Moreover, given the right amount of money, individuals can also purchase individualized experiences during trips.
Affluent people live lifestyles that are vastly different from the ones that regular people have. It seems as if there’s another plane of existence out there, one with its own share of experiences and turmoil, and it can only be accessed by those who have lots of money in their bank accounts.