Quote:
Originally Posted by Slava
I just quoted you for this idea, and wanted to talk about it a little. i get the idea of being frugal and looking for deals and such, so I wouldn't say that I'm against that. But, to look to make all parts of your spending and finances as efficient as possible and that kind of thing just seems so soul-crushing. I won't deny that I like nice things and while I look for deals or try to be efficient on some things, you also need to live a little. of course spending zero dollars on something today, and saving and investing that would put you in a much spot say 20 years from now. But there has to be a balance between decades of austerity and enjoying your life.
I don't know, but when I hear the story of someone who dies at say 80 years old and they had millions in the bank and lived like a complete pauper to make that happen, I don't really think of that as a successful outcome. To each their own, of course, but that sounds like the other side of spending everything and living paycheque to paycheque.
To be clear, I don't know that this is what you're suggesting here, and that list just made me think of that.
I see this all the time, and clients will make these kinds of investments both through me and on their own, because its "play money". Some of the reasons that people buy various investments is just so interesting.
|
I do agree with you… that said depending how aggressively one needs to get to a magic number may dictate how deep they cut. Urgency and necessity sometimes dictate course of action. An expression I’m trying to adopt is “live for today and also save for tomorrow”.
Now my list above was intended to suggest some ideas. Perhaps some resonate as being possible, but to do all? That’s a steep ask.
If your retirement fund is already looking good that’ll help you spend more now versus “OMG I’m so far behind and haven’t started yet”.