Does it feel any different having that million or two in equity? Do you feel wealthier? Has the wealth mindset changed?
Good question Daniel Lee.
From our point of view, the only material difference is that I no longer need to go to work. That feels different to normal.
The house is the same.
The cars are the same.
The clothes are the same.
The holidays are similar - perhaps a little more frequent and a little flasher.
I guess it depends on what measures you determine make you "feel" different. Lying on a beach every day of your life sipping on a pina colada might do it, but I don't know one wealthy person that does that.
I believe the thrifty aspect of wealth creation in the early stages are naturally carried through as they form into habits. If they don't form into habits, you'll never get there in the first place, so it won't matter.
The big differences I have noticed are ;
1. You laugh more at the gangster shows where the baddies get all hot and bothered and go around killing people over some dispute worth 50 or 100K and you think - how petty. Why kill someone for such a tiny amount of money.
2. Banks treat you slightly better I suppose.
3. The everyday small domestic expenses become irrelevant. It's hard not to take notice of course because of that by-now ingrained thrifty mindset, but it's inconsequential to turn a blind eye to it and get slightly ripped off.
All up, nothing earth shattering to tell you the truth. Life just goes on. One nice side effect is one can concentrate nore on one's health, and the every day goings on with the children a little more, rather than feign interest in your boss' very important agenda....whatever it may be.