Much of the personal finance community is buzzing with about this this NY Times article. The article focuses on those in the Silicon Valley who have $5-10 Million – in particular those who continue to work long hours. These people also noted that all the money doesn’t seem like a lot. It’s easy for average America to be outraged and enthralled by such a story.
As a resident of Silicon Valley for almost a year now, it got me thinking. How does this make them different from many professional sports players? What about movie stars? Does Winona Ryder really need to be in another movie? For them the money is often about respect amongst their peers. It’s a similar thing anywhere you go. If you know your job pays X, you don’t want to settle for half of X. It’s human nature to want to live in the style of those in your surroundings. I’m wondering what some of the people in the poorer 3rd world countries would say reading of life in America. I imagine they’d think that living with hot showers and enough food to actually have an obesity problem is just as unimaginable.
You can be sure that if we had $5-10 Million dollars, we’d be moving to someplace like Texas or North Carolina where we could live in quite a bit of luxury. I don’t understand why more people with million dollar homes don’t do that more often.