A Reddit user with a net worth of $15 million struggles with spending due to his frugal upbringing. Married and retired, he spends only 1.5% of his wealth annually, often choosing cheap accommodations his wife dislikes. Despite his financial security, the Redditor feels guilt over making small purchases and seeks advice on overcoming this mental block. Overhauling ingrained spending habits is challenging, often requiring therapy and a significant shift in mindset to embrace the benefits of wealth rather than avoid expenditure.
The Reddit user struggles to transition from a frugal mindset to enjoying wealth, as years of saving ingrained a fear of spending that feels hard to shake.
Despite having a substantial net worth, the Redditor and his wife are only spending 1.5% of their earnings, revealing a deep-seated guilt around financial indulgence.
Experts suggest that overcoming a fear of spending involves changing lifelong money habits, which is difficult, especially for someone who grew up poor.
The Reddit user seeks to alleviate guilt around spending, pointing to a need for a complete mindset shift to enjoy his wealth fully.
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