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I spend a lot of time on this channel telling you what not to spend money on. Don't eat out. Don't subscribe to every streaming service. Don't spring for the Boozendorfer grand piano at the Costco checkout. Boozendorfer. Hardly know her German humor that really gets em tickled. Gets a slight smirk out of them at best. I will hear no more insinuations about the German people. But the point of all that saving is to help you get build wealth. And once you've done that, you should enjoy your money. So in this video I'm not going to be a fuddy daddy. I'm going to switch things up by going over A list of 11 things you should do once you're wealthy, which I will define as being totally debt free with a paid for house and a million dollar or more net worth. If that's where you are, congratulations. You officially have my permission to start enjoying these things. If not, then this is something you can aspire to. And side note, you don't need to go do all of these things. These are just ideas of ways to enjoy the money you've worked so hard for. So pick the ones that most excite you. What most excites me? If you hit like on this video and subscribe to the channel, go ahead and do it. I'll wait. That really excites me. Wait. Right. Freak. Yeah. Thank you. Oh and I gotta show some love to my friends at Deleteme for sponsoring the channel. More on that later. Let's get to the list. Number one, go for the extras. This is all about giving yourself permission to stop living like you're broke. You've built margin, you've got the cash, so it's okay to live a little. Listen, I'm preaching to the choir here. This is something that I still struggle with because I've flexed that frugal savings muscle so hard that the spending muscle is a little atrophied. And let me tell you, this bad boy, you don't want to see what's under the hood, okay? Your flabbers would be gassed, I'll tell you that much. So what does that look like? Book the flight that doesn't have a 5am layover. Buy the nicer couch with the performance fabric. Stay at home hotel that doesn't put the toilet inside the shower. And yes, unfortunately that's a real thing. Shout out to the POD hotel in Brooklyn. I will not be staying in your facilities. We're not even going to call it a hotel. It's a facility, small quality of life. Upgrades like those won't wreck your finances. And they'll let you actually enjoy what your money can do. Number two on the list, get a new car. I know them fighting words for me because you know, you're like George, you always say we should only buy used cars. Well, there's one exception, young Jedi. Once your NET Worth exceeds $1,000,000, I am a okay with you buying a new car if that's what you want to do. Now, realize that car will still depreciate like crazy. But once you're a millionaire, you can afford to take the hit. You can stomach it. So if there's a car you've always wanted, go for it. As long as you're paying cash and the total value of all the vehicles in your life isn't more than half of your annual income. So let's say your household income is $120,000. Well, that means the total value of all things with wheels and motors in your life should not exceed $60,000. And just make sure it's a purchase you've thought through, okay? And please make sure it's not a Hyundai Santa Cruz. What is it even trying to be? Okay? It looks like a street shark. It's trying to get roided up and nobody buys it. We know you're scrawny on the inside, Hyundai. Well, that's just your personal opinion. Now, personally, I still like to buy slightly used to let someone else take that initial hit on depreciation. And I love feel. I got a deal. Next up on the list, max out retirement investing. If you've been investing 15% of your income like I recommend, great. But once your house is paid off, you can take it even further. Start maxing out your 401k, your Roth IRA, your HSA, whatever you have available to you that has a tax advantage. Use it. And if you're self employed, that might include a SEP IRA or a Solo 401K. The point is, you've got more margin now, so don't leave that opportunity over on the table. Let that compound growth keep doing what it does best. You'll build even more wealth for the future and give yourself extra freedom and options down the line. Number four on the list, invest beyond retirement. Once you've maxed out your retirement accounts, the next move is to start building wealth you can access earlier, before your 59 and a half birthday. Or 55 if you're hip to the rule of 55. Google it, nerds. I'm not going to do it for you. I'm not your mom. I don't google things for you. Love that. Love the idea of you asking your mom to google something. That's wild behavior. Mom. Mummy. Retirement accounts are great, but they're also restrictive. That money is off limits unless you want to face penalties and tax consequences. And hey, maybe you want to stop working full time in your 50s or be work optional. Maybe you want to fund a business idea or go all in on that hobby. Maybe you want to pay for Katy Perry to go back to space and not come back this time. You do. You. Who am I to yuck your yum? And let me tell you, the entire team hates when I say that. I don't know what it is. Is it the word yuck or is it the word yum? Or is it the conjunction of those words coming together? Maybe it's both. Now if you fall into any of those categories or you just want some extra flexibility, you need to start building wealth you can access before traditional retirement age. You might hear this called a bridge account. And all it is, it's a general non retirement brokerage account that is not tax advantaged like your 401k or Roth IRA, but it gives you freedom to invest and withdraw without early withdrawal penalties. You can invest in mutual funds or index funds, the same kind of diversified long term investments you're already using for retirement. You don't need to build this account overnight. It's gonna take time, but just start funding it regularly like you did with your retirement accounts. And the goal here is to cover your expenses until you can access those retirement accounts without penalties. Next thing to do once you're wealthy, work on your generosity bucket list. And listen. I hope you're already generous with your money. Like my friend Rachel Cruz says, give a little until you can give a lot. Giving is not a step you have. It's a habit you build early on and you keep it going and it just scales over time. Giving is important. Whether you're a millionaire or you still get excited whenever Pizza Hut brings back the deal lovers menu or if you're like me, you're both people at once. An enigma, a riddle wrapped in a rhyme. You'll never figure me out. But once you've built wealth, you can take your generosity to the next level. So here's the question. What have you always wanted to do for someone else but couldn't afford to? What was that Instagram reel or TikTok that just made your eyes leak when you saw the generosity that changed someone's life and I'm not talking about little things like giving your Applebee's waitress 100% tip because your om cheeseburger was piping hot. And those are all real things. And I will show you to prove it. The ad for the OM Cheeseburger. Oh, all right.