How Much Does Luxury Lifestyle Cost?
How much does luxury lifestyle cost according to wealthy people to live a lavish life? The cost of luxury living is a guess for many people and knowing it can help in financial planning. Here are some factors that affect the amount of luxury living costs that you can know.
How Much Does Luxury Lifestyle Cost? Here Are the Factors Influencing It
1. Food and Drink
About the costs to live a luxurious life, one of the factors that comes into consideration is food and drink. Rich people eat at fine dining restaurants more often, although not all and not always. In addition, they are also interested in organic food, imported food, and collecting wine or other premium drinks.
2. Residence
The cost is also determined by the place of residence, such as living in the city is certainly more expensive. While the location of the property in the suburbs is clearly cheaper, this is also determined by its type. Luxury living is also related to the type of property such as luxury apartments and large houses.
Some rich people even have more than one property location with different types of property. The cost of living like this is also added to by the presence of a swimming pool in the house. Many houses are now even equipped with smart technologies and 24-hour security.
3. Transportation or Vehicles
How to live luxury life should also consider the cost determined by the vehicles used, such as luxury cars. Rich people generally also have personal drivers and spend more money on vehicle maintenance. In fact, many of them even collect sports cars and have private jets or helicopters to make everything easier.
4. Clothing Style and Accessories
The cost of living in luxury is also influenced by clothing style, such as clothes from famous designers. Even though the clothes look simple in terms of model, they are usually branded clothes. Not to mention the addition of accessories such as jewelry, branded bags, and luxury watches to beautify themselves.
5. Self-Care and Health
A luxurious life isn’t just about having a luxurious house and car, but also about taking care of yourself. The cost is also determined by the use of premium beauty clinics and high-end skincare products. Men and women also need spa and wellness retreat services as well as personal trainers and exclusive gyms.
6. Vacation
How much does luxury lifestyle cost per month can also be determined by vacations abroad (first class, 5-star hotels). Many rich people also spend their money on exclusive tour packages or private tours for vacation satisfaction. The money spent can also cover the interests of exclusive resort memberships so that they get the best service.
7. Education and Investment
The cost of living in luxury is also inseparable from higher education by attending prestigious schools. Many rich people also take exclusive courses or training according to their interests. This is also coupled with membership in elite clubs or upper-class social communities.
How much does luxury lifestyle cost is influenced by those factors above with an estimated cost of $2.5 million. It’s also about surrounding yourself with the finest things in life that are tailored to your personal preferences. To achieve this lifestyle, you need to work hard, save money and live like someone who’s worthy of it.
