I was in my twenties, more than 50 years ago, when I started to make that much money. By the way, you’d have to add an extra zero or two to get the current value of income today. At the time, I thought it was a great idea to act like a nouveau riche person . So I bought a Rolls convertible and a big estate. Even got a “trophy wife.” If you want to read exactly how I did it, read my other Quora answer to “HAS ANYONE EVER ASKED YOU TO BE THEIR ROLE MODEL?” But that isn’t the answer to this question. “How did I feel?”
I didn’t feel anything special, I just spent my time working on deals about 18 hours a day. Then the local papers began doing stories on me and my deals. Some good, others not so good. Leftist type journalists did hatchet jobs. I got scared that some bad guy might shoot me or kidnap me.
I decided to drastically lower my profile. Bought a used pick-up truck to drive around, wore old jeans and a sweat shirt from then on. Never put on a suit or a tie again for the next 50+ years. I sold my “estate” and moved to a very modest condo. Nothing to take care of, no more servants or gardeners.
Then some interesting stuff happened. A girlfriend and several other people I knew said stuff like, “What happened Pete, you lose all your money?”
My answer was, “Yeah, hard times have hit! Easy come easy go!” Some “friends” never called me again, and others envied me less and liked me more. I read the “Life of Hetty Green, Witch of Wall Street” and decided she would be my role model — projecting poverty while quietly getting richer.
That felt good.
At the age of 30 I retired. Went back to school abroad. Got culture! I never had any financial worries of course, but after school I continued working and earning. Lived “working class” till I was around 70. Then not so long ago, I decided it was time to retire for good. Wanted to start blowing my assets. After all, if you don’t go 1st class your kids will. But guess what? I couldn’t bring myself to buying the usual rich guy toys. Why? They seemed to be a waste of resources. So I continued investing, wrote a bit for Eden Press (never made much money there) .
Finally, An Epiphany!
My next goal was something money couldn’t buy — a Quora Sweat Shirt — the ultimate status symbol, awarded to people who contribute worthy answers to this website. So please, read my other stuff, give me plenty of up-votes. Then, hopefully before I go to my heavenly reward, I will earn that Quora Sweat Shirt to wear on the trip.
I will be glad to tell you how I feel if I ever get one. But I can say this more seriously: Stuff you build yourself or things you get for free bring more pleasure that stuff you buy— at least for me.
Making millions doesn’t feel nearly as good as having kids and helping them grow up, or writing a book and finally finishing it, or traveling around the world with an affectionate young girlfriend who appreciates your corny jokes… It’s also nice not to have to worry or think about money. All the best-Pete::::: PeterTaradash.com