Anonymous
Anonymous asked in Social SciencePsychology · 1 month ago

Why are some people so stingy with money for literally no reason, such as millionaires who won't even go out to eat?

My uncle is worth over $10 million dollars and still has the attitude that he is broke. What's the point in working 60 hours a week as a CEO and never even enjoying the fruits of your labor? He hasn't taken a vacation in decades because it's "too expensive" He eats ramen noodles every night because he doesn't like to spend more than $5 on a meal. Sure you can save money that way, but is that really enjoying your only life on planet Earth? Slaving away at a job only to end of slaving away to save it all? You can't take it with you when you die. He's 70 years old and still working 10 hours a day 6 days a week, and living like a peasant. He still uses a flip phone because he thinks iPhone's are too expensive and drives a car from 1997 still. (23 year old car). He never got married because he said women are too expensive. He nickels and dimes everything and throws a fit to my family if they stay in a hotel other than days inn on vacation. (cheap hotel that costs like $60 a night). He threatened to fly home on our vacation because they wanted to stay at the Ritz Carleton because he said he'd go bankrupt if he stayed the night there

Update:

This is the first vacation he took in over 20 years and he said it was too expensive and wanted to leave and throw a fit and pouted in the car for 3 hours

Update 2:

Previously, he has also threatened to abandon my mom because she purchased a new car for herself and started a physical fight with her over her buying a Honda Civic because "it's a waste of money"

Update 3:

He also avoids going to the doctor when he's sick because he claims co-pays are too expensive.

3 Answers

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  • 1 month ago

    All their life has to do with money.

    They always want more.

  • 1 month ago

    Some people take it way too far in the direction of frugality to the point of having a shitty apartment when they make $9,000/month. Agreed, you can and should appreciate the fruits of your labor to some degree. But the exact opposite problem exists. Some people make $800/month and spend $300 every Friday night partying and $15 every day on work lunch alone. At the end of the decade, one of those people is far more likely to end up putting another $1 million dollars in the bank vs going another $100,000 in debt. And the guy with the cool, fresh million dollar bill knows he didn't get it by spending $30 every night on dinner and drinks or $5000 for 2 nights in Fiji just because. He got it by reusing dollar store coffee grounds 5 times. It's hard to buy a $7 Starbucks milkshake everyday when your previous coffee and other habits are the only reason you're not sucking ***** for crack now.

  • 1 month ago

    The love of money is a curse and it sounds like he is slave.  But anyway its his life and money. 

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