They say money doesn't bring happiness, but it could, at the very least, provide the peace of mind of not having to mentally suffer from the feeling that every purchase you make depletes a significant portion of your entire fortune. It's as if everything becomes free; this is arguably the most enjoyable aspect of amassing wealth.
The Best Part about Being Rich
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There's no denying that money enables us to fulfill our fundamental needs - to afford food, shelter, and healthcare. However, when we take the pursuit of making money a step further and strive to accumulate even more, the positive impact of money on our lives intensifies.
Money For Luxuries
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Now, we have the ability to allocate more funds towards luxuries, moving beyond mere necessities. Yet, this isn't even the most rewarding aspect. The true beauty lies in the feeling that comes with it - it no longer feels like spending money at all!
Everything Becomes “Free”
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In a now-viral TikTok video captioned "Everything is 'free' when you're rich," TikToker Ben (@benhbader) recounts a personal experience that sheds light on how accumulating wealth can drastically alter one's perspective on everyday expenses.
“One of the best parts about making more money is that most expenses in your day-to-day life start to feel like they're free,” he argues.
Wealth's Perception Shift
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Ben firmly believes that increasing your wealth changes your perception of spending money. For example, when dining out, if the bill amounts to a few hundred dollars or less, you don't even consider the purchase. It becomes a simple act of pulling out your card and placing it on the small card reader.
Growing Indifference to Money's Significance
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The same concept goes for shopping – the price tag of an item, whether it's $30 or $150, doesn't really matter. If you like it, you buy it without hesitation. And the best part about all of this is that as you continue to accumulate more wealth, your threshold for considering money as inconsequential gradually increases.
A Six-Million-Dollar Yacht: Real Cost vs Feel Cost
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To illustrate his point, Ben offers viewers a glimpse into the distinct mindset of individuals who are considered "rich" compared to others. “I was on a boat with this guy recently who's a shark in real estate. This guy is killing it,” he recounts.
150,000 Dollars
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“This motherf..ker just bought a six million dollar yacht and my friend asked him how much does it cost for it to feel like a purchase to you? And without hesitation, this guy says $150,000.”
Money Becomes Meaningless for the Affluent
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Ben finds it incredibly astonishing that spending exorbitant amounts of money on various expenses holds no significance for wealthy people. He gives examples such as spending $5,000 on dinner, going on a $20,000 trip, or purchasing a $20,000 table.
Feeling Completely Free
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For those in a position of wealth, these expenditures don't carry the weight of a real purchase; instead, they feel as if they are completely free. “Like, Oh, I just need to pull up my credit card and pay for this,” he explains.
Easy To Take for Granted
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Although Ben may not possess the same level of wealth as the real estate shark he mentioned, he has personally experienced a similar feeling on a smaller scale.
“I don't really think about purchases under $1,000, and honestly I was taking that for granted,” he admits, “but I think it's the best part about making money.”
Survival Mode Off
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The video garnered considerable attention on the platform, although not all of it was positive. Many viewers in the comments section hinted that the concept of freely spending large sums of money without worry is simply “called not being in survival mode.”
One viewer shared, “I think about $10 bro,” while another wrote,” I second guess $5 purchases bruh.” A third commenter even mentioned, “Dude, I had to buy a donut the other day and I thought about it for like 3 hours.”
Money's Toll on the Mental Health
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Making more money and experiencing the sensation that everything is essentially free appears to have a positive effect on mental well-being. This notion is supported by a survey conducted on nearly 2,500 American adults, revealing that 42% of them believe money has a detrimental impact on their mental health.
Triggering Negative Emotions
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Among those Americans who expressed that money has affected their mental health, a significant majority reported feeling stressed, anxious, and overwhelmed. Almost half of them stated that simply looking at their bank account serves as a trigger for these negative emotions. Additionally, many mentioned that activities like paying a bill, making a purchase, or discussing financial matters can induce anxiety in them.
It’s A Trap
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Several others cautioned against adopting such a mindset, pointing out that it could lead even the wealthiest people in the world to eventually face financial difficulties.
“This mentality can become a trap,” one commenter warned. “How often do we hear stories of athletes becoming broke after earning $100 million plus? Be financially responsible.”
Does More Money Mean Less Financial Responsibility?
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While Ben made the case that people tend to spend more freely on various items as their wealth increases, others countered his argument by suggesting that having more money doesn't necessarily mean increased spending. Instead, they argued that greater wealth often brings about a heightened sense of financial responsibility.
“I don’t know if it’s just me but the more I make, the more I’m self-conscious about money,” one user shared.
Splurging or Financial Responsibility?
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What are your thoughts on this? Are you someone who tends to splurge on luxury items when you have extra cash because it feels "free" to do so? Or do you maintain the belief that this mindset could potentially lead to financial difficulties, emphasizing the importance of financial responsibility regardless of income?
Either way, it's hard to deny that Ben's argument holds true to some extent, as having more money often results in less stressful purchases.
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