Being wealthy affords many people a comfortable place to live, financial security, and the ability to buy whatever they want (within reason.) In an online forum, people decided that some items are so expensive and frivolous they wouldn’t purchase them even if they were millionaires! Would you?
Luxury Boats and Yachts
It’s common to hear someone talking about buying a boat or yacht if they suddenly got rich, but plenty of people feel it’s a waste of money. Someone mentioned a relevant acronym: “Yacht: Yet Another Couple Hundred Thousand.” Another person said a million wouldn’t be enough to buy your yacht anyway. Perhaps you could rent one instead.
Buying fancy jewelry is a great way to alert everyone that you just won a million dollars. Simulated diamonds and other gemstones have come a long and are much more affordable, so you can skip the diamond earrings and necklace once you win the lottery.
Any Non-Domesticated Animal
Having worked for a wealthy celebrity with too many animals, including exotic ones, I relate to this one! People seem to think adopting an exotic pet makes you look cool, but it’s a lot of work to show off.
Designer Clothes & Bags
One comment stated that designer clothes and purses are “pointless, boring, and a waste of money. Unless you’re walking the red carpet and being asked, “Who are you wearing?” It doesn’t seem like designer clothes are worth the price tag.
Gifts for Ungrateful Family Members
If you won the lottery or came into money, you would probably hear from every long-lost cousin or family member you haven’t seen in years. Someone joked, “I just had an extended family member ask me for [$1,000] dollars two weeks ago, and I drive a 2012 Hyundai Elantra. Can’t imagine what would happen if I came into serious money.”
Brand New Sports Cars
Another purchase that seems to be on most people’s “If I won the lottery” list is a brand-new, fast car. Everyone had different reasons for disliking buying a new, fancy car, from depreciating value to appreciating how sturdy old vehicles are. Others said they were too tall to fit into a sports car.
One person said, “If I were a billionaire, I still wouldn’t [buy NFTs). Although I’m unsure if NFTs are still popular among anyone, let alone rich people, I agree. Just buy some art that you like and put it on your wall.
It may be how some people made a fortune, but crypto is too volatile to trust these days. You probably shouldn’t invest all your money unless you have many millions.
Super Bowl Tickets
It depends on where you sit and what type of experience you want, but tickets to the super bowl can run you anywhere from $10,000 on average up to $40,000. Unless it’s your dying wish to see your favorite team play in the Super Bowl, skip the pricy tickets and go to a local sports game instead.
In the movies and on TV, wealthy people own many fur coats. When someone comes into money, they often make a luxury purchase like this immediately. Regardless of how you feel about fur morally, it’s probably not worth it for an item you’ll wear once or a handful of times.
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