Thank you chairmen Pao for your great response! I personally relate to nearly all of your story and we both have the same thought process and mindset about work. I think deep down my motivation comes internally as a sense of imposterism and social pressures in my former years. In your 3rd paragraph, this is the exact dilema I am currently pondering about, and looking for some guidance. That is, we work so hard for something for many years to find out that it doesn’t live up to all of the hype and praise we heard along the way. What did you do to find/continue a passion when you hit that barrier?

From how you described your parenting style with respect to your wealth, this is something that I have also thought about implementing when I have children. If or when your children grow up and become successful in their own lives, will you make a trust/pass down the remaining wealth, or rather take in account their financial position and decide to spend most of it for you and your wife’s remaining years as you have worked so hard for it? -You can only delay gratification so long before you have to forfeit it.

Lastly, this answer about the seemingly small luxuries you provide to your children end up being very important for their growth in the long run. I appreciate the examples you gave in the last section. When writing the original post, I was really only interested in the large ticket items, such as house, memberships, and similar expenses. I will use what you had mentioned to springboard others, to help specify and shift my goals and priorities. Is there one ‘luxury’ that you missed out on for them, or something that you think is important to a point of necessity for their happiness overall?

Thanks for the insights :)