I never understand that mindset......if you are wealthy, then you should live a wealthy lifestyle.
Its not as if you can spend that money when you are dead.
I know quite a few wealthy business owners that live VERY modest lifestyles, but have a very large amount of money.
Isnt Mark Zuckerberg the same? One of the richest men on the planet and rents a modest home, drives a Honda Fit.....facebooks endless pursuit of making money and the owner lives the life of a man worth £30k a year.
i think you just described the problem: you dont know when you will die. a lot of people falls into the tight lifestyle because they dont know when they will need that money. their children/partner might need the money as well.
and when we describe someone as wealthy, as someone already pointed out, how do we define wealthy? a lot of so-call properties millionaires on the surface seems like they own a lot, but there are a lot of debts involve and their wealth isnt exactly liquid i.e. living rather modest until the point they cash out.
another point worth considering is the the level of wealthiness. a 30k man lifestyle is unthinkable in remote area of china. similarly someone who has 1-2 mil in the uk walks into monaco, he would be pretty "poor" as well. it's all relative...
	
 




