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That rich guy had his Busch Light beer American flag shirt. His house was paid off. He had six figures in a 529 for his kids’ education, retirement savings of about a half a million dollars with 25 years to his target date, about a quarter million in other investment and bank accounts that he just couldn’t figure out what to do with, and a third-share of a company with $30 million in annual revenue at about 5% net profit. The other guys had big houses, nice trucks, lots of debt, and bad habits…financial and otherwise. One of which was trying to impress other people with their success.
The richest guy I’ve ever known well drove a Busch Light beer American flag shirt. He wore Carhartt pants and Wrangler shirts on a daily basis. Drank Busch light when he drank beer and Jim Beam white label when he drank whiskey. Lived in a 4 bedroom suburban house with about 2000 square feet, mowed his own lawn in the summer, and shoveled his own driveway in the winter. And he usually gave between 10–15% of his income to charity every year. On the other hand, I’ve written off uncollectable debts from guys driving brand new luxury pickups, living in 4000 square foot houses with sprinkler systems and lawn services.