Looking to real talk for a second

looking to real talk for a second.
i'm 31 and married. my wife and i have a combined net worth of a little over a half mil. no debt / home.
realistically, we have way more wealth than the average person. yet i still feel really financially insecure given how expensive homes and rent are. if one of us lost our job, we could still be fucked in short order.
i see people drive by with expensive cars and don't feel like i could ever be one of those people. how they're able to afford them, let alone a modestly sized house in a nice area, or kids, is a mystery to me.
does anyone else know this feel? i dont feel like it's greed or anything. we both live super frugally. it's more just a feeling of fear about the future.

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>how they're able to afford them
They're all living on credit and mortgages. You're doing fine because you live frugally.

>i see people drive by with expensive cars and don't feel like i could ever be one of those people. how they're able to afford them
They borrow money.

>does anyone else know this feel?
No. Flashing wealth is for poorfags.

you're a white male. Bernie will take everything away from you while a pack of niggers fucks your wife. Heh heh

Buy assets not liabilities. Stay frugal fren

>you're a white male
how'd he know?

>Buy assets not liabilities. Stay frugal fren
This. Also, stop comparing yourself to others. People who feel the need to flash wealth/status are trying to compensate for a lack of something. Only poorfags feel the need to show off. They'll stay poor and in debt while you accumulate real wealth over time. Do not flash, hide wealth.

You should feel insecure because honestly half a million, especially combined, is worth nothing in this economy.
The people you see are probably using money they don't have (aka money borrowed from the bank) or they definitely have more than a few millions to afford that lavish lifestyle. You are acting smart for your networth.

It’s because you don’t own property. If you have that kind of $$$ you should buy a property. It will make you feel more secure.

Niggers measure wealth in blunt wraps or henesy bottles.

Spics in cases of bud light or fraudulent eitc/child dependent tax credits.

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this this this. in 99% of places the right thing to do is buy property. do the math, pay it off early to accelerate the amortization schedule. you'll build wealth even faster.

also think about this... that mortgage is going to lock in your rent for the next 10-15 years (after which point you just pay property tax + utilities). homes are security, even if they're shitty condos~

real estate taxes are like 2.15% of property value here, and IMO the loss of the mortgage interest deduction has not been reflected in pricing
owning just doesnt make financial sense afaict

I know few people who buy tesla with loans just so they can drive around in a tesla and brag. Everything they have it bought on loan. Trust me on this. Most people dont know shit about finances and would buy a yacht if they could get a loan for it.

disgusting tatoos

You need to put that money into something. The inflation is killing the value of the money.

Finance and credit. Seriously look around and notice the amount of newer Audi's, its because they offer the lowest rates and sometimes do 0% finance.
All these people are living a lie. They get sold on a monthly dollar figure not an actual amount. As for housing it's safe to assume a lot got in before the massive market uprising that is happening globally. The rest are living paycheck to paycheck and even the smallest interest rate hike will fuck them into the gutter. Personally know a person who forged payslips to get approved for a home loan. Their credit card is their lifeline. When the debt becomes too high they count on a property value hike and re-mortgaging to bundle all the debt back into one payment and essentially restart the loan term. She has restarted this 30 year term 2 times over the past 6 years. No idea how the banks are allowing it.

you're doing better than 99% of people, OP. Good job. Just keep living frugally/investing wisely and wait for real estate prices to go down (we are heading that way in a few years) and buy a property then. Owning your own place gives you a different kind of security that money cannot. hard to explain.

>homes are security, even if they're shitty
Nice try, boomer. Invest in BTC and alts obv

Have sex for once

half a mil is 20 years of expenses at 2K month
basically king tier in asia or south america
you can obviously invest a part of this to make it last longer
you can obviously work from time to time/create a chill business
but you rather do that 9-5 everyday, faggots

You sound like a pussy. If you have half a million losing your job shouldn't cause such stress

Most people that drive those expensive luxuries actually can't afford that kind of life. They are living pay check to pay check with little thought about retirement, losing their job, or leveraging debt.

>Half a million is worth nothing

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My net worth is roughly about the same as yours, and I have no desire to buy a luxury/expensive vehicle. Current vehicle I drive is an old piece of shit that is overdue for replacing but I'm putting it off for reasons. Richer people most often have a much ability to defer gratification.

Just put it in perspective as you have less to fear than most people as well who put themselves into too much debt.

depending on the area, he's not wrong.
If you're in the bay area, even living frugally, that's only 3-5 years worth of expenses

Have kids

checked

Because security is an illusion user, when shit hits the fan even the most well off are vulnerable

What is important OP is that you have options of investments and you can sleep at night without thinking about debt. Your kids will have future, you will be happy. Don't worry that much.

kek I can't wait until eur or usd bitfinexes and they all default their loans

net worth is 500k, but what's held in?
What's your investment portfolio?
Cash may be king in the. coming few years to buy the inevitable housing market and stock market crash, but at least 50% of that needs to be in btc/gold/stocks (DCA the next 12 months).

What is with those thick fucking caterpillar fake-looking eyebrows? And those gigantic nigger lips?
Sleeve tattoo?

American women are disgusting low-quality whores, you can take that to the bank.

for me personally, i own ~5k worth of equities, period. my 401k is $50k of AAA bond funds. the rest is cash
for my wife, she has about $200k in equities in a personal account and perhaps $100k in a 401k where i have no idea what the asset allocation is

overall, i think we have a good amount of dry powder

Good goy OP, keep saving for (((taxes)))

Juan Andres and Jamal will enjoy their lives with your hard earned money.

Don't make kids too, stay frugal and put condoms with your wife.

you will regret not having at least 5-10% if your net worth in bitcoin incase it pops off, whether you understand or believe in it, it's an uncorrelated asset with an asymmetrical return - if you lose 25-50k who cares, you're young and cash rich. If you make another 450k, congratulations, buy some blue chips in 2020-2021 and live of yield and growth debt free for life.

For reference, I'm 30, net worth 450k USD, 60% in bitcoin/related, 25% in cash, 10% in house, 5% in gold

in the UK. Wife net assets around 80k (share of house and some cash)

up