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Many people have daydreamed about what it would be like to be wealthy.
The opportunity to buy whatever we want often tops the list of perks associated with having a lot of money.
However, while being able to afford anything can seem delightful in theory, there are some items that many of us still wouldn’t choose to purchase, no matter how flush our wallet might be!
Keep reading and discover for yourself which luxuries you still don’t think you could justify buying if only money were no object!
1. Designer Purses
Many women say they would refuse to buy designer purses and bags.
Some high-end handbags can cost up to $10,000!
2. Wild Animals
What is the fascination with buying a pet tiger, monkey, or snake?
Some animals are better off in the wild, not at people’s homes as pets.
3. Bottled Water
As much as buying bottled water is convenient and inexpensive, many people confess they will never buy any since water can be acquired for the low price of zero dollars and zero cents if you know how to look.
For example, tap water has become exceedingly safe to drink in recent years due to strict local regulations and laws.
4. A Superyacht
Some people have their limits on what they’d purchase — for eye-opening reasons. “Sorry, but I’d never buy one of those huge superyachts,” admits one man.
“They’re just a pain in the bum to own and maintain and rarely get used. But, if I had the money and wanted to take a vacation on one of those, I would just rent it for a week.” Look, sir, if you need someone to use your superyacht, I will happily step up.
5. Starbucks Coffee
While the Starbucks brand is synonymous with the coffee industry, many think its products are overrated — especially the coffee itself.
As a result, these folks will be taking their hard-earned infinite money to local mom-and-pop coffee shops. That’ll show them!
6. Apple Products
No matter how innovative their product offerings are, some consumers swear they will never purchase an Apple product for as long as they live.
This practice is often called the neverending battle between Apple fans and Android fans — a timeless war with no winners, only losers.
7. A High-End Watch
Some people value luxurious timepieces, while others think they’re gaudy statement pieces used to identify the worst people in society. One watch expert gives it to us straight, however.
“They’re all overrated, marked up, and get easily damaged,” he says. “The repair costs run in the hundreds and thousands as well. The repair houses make their money from service. Just like a service advisor at all car dealerships. A simple battery change turns into a complete overhaul for a watch.”
8. Vehicle Subscription Services
Did you know that for many current models, some of the most well-known automakers are making features – such as heated seats – available only via monthly subscription?
Unfortunately, it’s true, and many people swear they will never be paying for these once-free features since it will only encourage these greedy manufacturers.
9. A “Smart” Washer and Dryer
The word “smart” has recently been added to many iterations of appliances, usually indicating WiFi connectivity or other technological advancement.
However, many people draw the line at buying “smart” washers and dryers. Until “smart” means the washer will stuff itself with dirty clothes and add the correct detergent, many people are okay with their regular “dumb” appliances!
10. A Fancy Cat Drinking Fountain
First, let it be known that if I ever start a band, it will be named “Fancy Cat Drinking Fountain.” Secondly, one pet owner declares he’d never buy this oddly-specific type of fountain. “Hear me out — I have one cat who drinks a ton of water because of her medication and another who just likes to drink water,” he explains.
“But I promise, if I bought them a fancy fountain, I’d repeatedly trip over it and spill water everywhere.” I need to meet this person in real life.
11. A Tesla Vehicle
Given the eccentric behavior of Tesla founder Elon Musk lately, it’s not surprising that many people confess to wanting to stay away from purchasing any vehicle associated with him!
However, it isn’t 2015 anymore — the electric vehicle market has heated up, and the polarizing Tesla brand isn’t the only game in town.
12. A Mansion
While most people would quickly buy their dream house if they came into considerable wealth, others would buy a more practical home — especially not a mansion.
“It’s over-obsessive, has too many rooms, and it’s unnecessary,” laments one woman. “Seems like it’s more work than anything; I’d be happy with a nice backyard and a five-bedroom house with two bathrooms and a nice kitchen. That’s it.”
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This thread inspired this article.
I have over 15 years experience in the financial services industry and 20 years investing in the stock market. I have both my undergrad and graduate degrees in Finance, and am FINRA Series 65 licensed and have a Certificate in Financial Planning.
Visit my About Me page to learn more about me and why I am your trusted personal finance expert.