You see one thing the wealthy understand is depreciation. The things we own depreciate and lose value over time. They operate on the understanding that money should be making you money. Aside from the normal expense of living with added benefits, you won't see many of them actually owning outlandish things.
Unless you are a sports athlete who began to make obscene amounts of money with zero training on what to do with it. It the ones who have been trained to think and invest wisely.
I interviewed a company called Royal Yacht Charters recently. The provide yacht charters in Miami . They have beautiful 40' yachts and mega 120' yachts. It is quite an operation when you think of the staff and upkeep. If each yacht was being used you would have a staff to crew them of around 75 people. Then the mechanics who keep the running and the fuel costs. All that is included with the price of course.
They explained to me that half of their clientele who own their own yacht. Some of them could a couple yachts, but they understand the operating cost of keeping one running. They estimated that to keep a year round crew on a yacht, in addition to maintaining it, would run around $500,000 a year. That is a small sum to some super rich billionaire but they also know that half a million could make them money instead.
Royal Yacht Charters also maintained a small fleet of yachts owned by others. This is another thing wealthy people understand. If I am going to own something that will depreciate then at least I will make money on it. Right away you are recouping money that would otherwise go right down the drain. No pun intended.
This method allows the boat to be maintained by people who know how. You don't use it all year anyway and they put a special insurance on it to cover the incidents that may arise from using the yacht.
Wealthy people do this with many things. Leasing cars. Leasing equipment. Renting space that they live in and renting out property they own. In everything they do they are making money and putting the burden of depreciation on others.
You can do this today and immediately you could be considered wealthy. Wealth is not only measured by how money you have in the bank but rather how many assets you have in relation to you liabilities.
This is Integrated Wealthy Counselors. Hope this opened your eyes a little to the world of wealth.