16 Things You Can’t Truly Afford Unless You Have $200,000 Saved


While there is no one dollar figure that instantly makes you “rich” or more successful, the more you have, the more freedom you’ll enjoy in this world. Having a substantial savings cushion can be the difference between merely getting by and truly thriving.

The ability to save$200,000 might seem daunting to many, but it opens up a realm of possibilities that extend beyond mere material possessions.

Here are 16 things you probably can’t truly afford unless you have $200,000 saved.

Retirement Peace of Mind

Deposit Photos

Unless your plan is to retire to an extremely inexpensive part of the world, even $200,000 might not be enough to provide a satisfying retirement.

Retirement should be a time of relaxation and enjoyment, not worry and stress. With $200,000 saved, you can afford the peace of mind knowing that you have a substantial nest egg to support you during your golden years. This savings can provide a buffer against unexpected expenses and allow you to maintain your desired lifestyle well into retirement.

Advanced Medical Care


In the face of serious health challenges, access to advanced medical care can make all the difference. With $200,000 saved, you can afford to explore cutting-edge treatments, specialist consultations, and second opinions without the burden of financial strain.

This financial security ensures that you can prioritize your health and well-being, exploring all available options to address medical concerns and improve your quality of life.

Quality Education for Your Children

Deposit Photos

Education is one of the most valuable investments you can make for your children’s future. Unfortunately, many forms of formal education come with high costs, especially colleges and universities.

But with $200,000 saved, you can afford to send your children to better schools, providing them with access to quality education and opportunities for personal and professional growth. This investment lays the foundation for their success and opens doors to a brighter future.



In our inflationary environment with high interest rates, owning a home is a cornerstone of the American dream, but it often requires a substantial upfront investment.

Without at least $200,000 saved, you can be tough to afford a sizable down payment on a home, which would reduce your mortgage payments and secure a stable living situation for you and your family. Homeownership not only provides a sense of stability but also allows you to build equity over time.

Start A Business

Deposit Photos

Launching a business requires capital, whether it’s funding for product development, marketing expenses, or operational costs. While it’s possible to start a smaller side hustle with almost no resources, spinning up a larger enterprise will be difficult without available cash.

With $200,000 saved, you can afford to pursue your entrepreneurial dreams without the fear of financial instability. This savings cushion provides a safety net as you navigate the challenges of starting and growing a business, increasing your chances of long-term success.

Travel and Adventure


Traveling allows you to broaden your horizons, experience new cultures, and create lasting memories. And while you can travel inexpensively, family vacations and other getaways add up quickly.

With $200,000 saved, you can afford to indulge in travel experiences that enrich your life and expand your perspective. You can explore exotic destinations, go on adventurous excursions, or simply take a leisurely vacation, and this savings cushion gives you the freedom to satisfy your wanderlust without breaking the bank.

Philanthropy and Giving Back


Making a positive impact in your community and beyond is a rewarding endeavor, but it often requires financial resources. It’s true that you can always volunteer your time at a local soup kitchen, home-building projects or just picking up trash around your community.

But with $200,000 saved, you can afford to support causes and organizations that align with your values through more substantial monetary contributions and advocacy efforts. This ability to give back not only benefits those in need but also brings a sense of fulfillment and purpose to your life.

Emergency Preparedness

Deposit Photos

Life is full of unexpected twists and turns, from medical emergencies to natural disasters. And the more resources you have at your disposal, the better prepared you will be to confront virtually any unexpected challenge.

$200,000 allows you to create an emergency fund to cover unforeseen expenses and weather any storm that comes your way. This financial preparedness provides peace of mind knowing that you can handle whatever life throws at you without going into debt or facing financial hardship.

Career Opportunities

Deposit Photos

Investing in your career often requires taking risks and seizing opportunities as they arise, including switching companies and taking risks. With $200,000 saved, you can afford to pursue career advancement opportunities such as further education, professional certifications, or starting a new business venture.

This financial security empowers you to take calculated risks and explore new avenues for growth and success in your chosen field.

Hobbies and Passion Projects

Deposit Photos

Everyone deserves to pursue their passions and interests outside of work, but hobbies can come with a price tag. While cheap hobbies exist and can provide a lot of enjoyment, $200,000 allows you to invest in hobbies and passion projects that bring you joy and fulfillment, whether it’s painting, gardening, or playing a musical instrument.

This financial flexibility allows you to explore your creative side and nurture your talents without worrying about the cost.

Personal Development


Continuously investing in yourself is essential for personal and professional growth, and this can take more resources that you’d imagine. You can afford to attend workshops, seminars, and training programs that expand your knowledge and skill set with a little extra money available.

This commitment to lifelong learning not only enhances your career prospects but also enriches your personal life, opening doors to new opportunities and experiences.

Family Time and Relationships

Deposit Photos

Spending quality time with loved ones is priceless, but it often requires financial resources to create memorable experiences together. More resources allows you to prioritize family time and strengthen your relationships through shared activities and outings.

Examples include taking vacations together, enjoying family dinners, and attending special events. This level of financial security allows you to nurture the bonds that matter most.

Mental Health and Well-being


Investing in your mental health is just as important as caring for your physical health, but it can be overlooked in the hustle and bustle of daily life. Sadly, proper mental health treatment in the United States can be a financial burden to a lot of people.

With $200,000 saved, you can afford therapy sessions, meditation retreats, and other resources that promote mental well-being and resilience. This investment in self-care enables you to manage stress, overcome challenges, and lead a more balanced and fulfilling life.

Financial Independence


Achieving financial independence is a major milestone that allows you to live life on your own terms, free from the constraints of financial dependence. It means you can quit your job tomorrow and be just fine for the rest of your life.

While $200,000 won’t instantly make you financially independent (it typically takes a great deal more than that), it can help you create passive income streams, invest in income-generating assets, and ultimately achieve the freedom to pursue your passions and goals without being tied to a traditional 9-to-5 job.

Legacy Planning


Thinking about the legacy you want to leave behind is a sobering yet important aspect of financial planning. It’s something many of us don’t do, and this is especially true if we don’t have a lot of money to work with.

But with $200,000 saved, you can afford to create an estate plan, establish trusts, and make strategic decisions about how you want to pass on your wealth to future generations. This legacy planning ensures that your assets are distributed according to your wishes and allows you to leave a lasting impact on your loved ones and the causes you care about.

Financial Peace of Mind


Ultimately, the greatest luxury of having $200,000 (or more) saved is the peace of mind that comes with knowing you have the financial resources to weather life’s storms and pursue your dreams with confidence. Money allows you to achieve your long-term financial goals, overcome unexpected challenges, and simply enjoy the present moment without worrying about money, this savings cushion provides a sense of security and stability that is truly priceless.

By prioritizing savings and smart financial planning, you can afford not only material possessions but also a life filled with abundance, opportunity, and fulfillment.