Living for today or investing in the future...any words of advise ?
JuiceBox69
Fucking on Young N Dumb Chicken Heads
I in my twenties I lived pay check to pay check...if I had the money to pay for play even if it was my last I did it....by thirties I was tired of being so broke...
When I started saving money and investing in my future I enjoyed it very much...nice to have my bills on autopilot and never think twice about it...but I Club less...the time off is good and makes each time more enjoyable but...
My big issue is getting to hard core into getting rich for retirement...I worry about the pleasure I denied myself to achieve a balance I may not live long enough to even cash out lol...
At the same time I don't want to be the reckless fool that has little to nothing in my winter season of life if I'm fortunate or unfortunate to live that long
Any wisdom from the older crowd ?
When I started saving money and investing in my future I enjoyed it very much...nice to have my bills on autopilot and never think twice about it...but I Club less...the time off is good and makes each time more enjoyable but...
My big issue is getting to hard core into getting rich for retirement...I worry about the pleasure I denied myself to achieve a balance I may not live long enough to even cash out lol...
At the same time I don't want to be the reckless fool that has little to nothing in my winter season of life if I'm fortunate or unfortunate to live that long
Any wisdom from the older crowd ?
33 comments
Spend $10 on knee pads. Then.
Suck 100,001 dicks for $10 a piece and you are a millionaire.
Let us know how it goes Juice
20's - Sow your wild oats, have fun and be stupid, live in a van by the river
30's- Buckle down at work, get married, have kids, buy a house, start saving and investing, too busy to club
40's - Laser focus on career and family, increase savings and investments. too busy to club
50"s - Peak earning years, put kids through college, pay off mortgage, maximize savings and investments, too busy to club
60's - Retire financially independent, get bored, go to strip club for first time in years, fall in love with coked-up stripper, blow your life savings on her, wife divorces you and takes house, kids disown you, go bankrupt, move into van by the river
Since I have no health issues, I balance tomorrow’s obligations by having a little fun today. I also drive a 14 year old vehicle that was paid off years ago and drives like new, clip coupons like I was in college, and have the bare amount of insurNce to keep me alive hence anyone things about knocking me off one day.
All things in moderation and you shall be around long enough to get where you’re going.
Don’t do anything stupid like buy rental properties and hope to grow rich like “Rich Dad, Poor Dad”. The problems that come with being a landlord will drive you to an early death.
Did you hear that married men live longer? Not really, it just seems that way.
Don't use your hard earned money to help underwrite the top 1% and the Dougsters. That kind of stuff is just glorified gambling. It is also a very unfair gov't entitlement program, funding the stock market with deficit spending and gutting progressive income tax.
SJG
Ray Bradbury
https://www.youtube.com/watch?v=EzD0YtbV…
Second Amendment was included in the Constitution at the insistence of "Southern senators so they could ward off slave uprising."
King's comments come days after former Supreme Court Justice John Paul Stevens, a Republican, wrote in The New York Times that anti-gun violence advocates and those who want stricter gun laws should push lawmakers for a repeal of the Second Amendment.
https://www.yahoo.com/news/m/e9c0527a-ed…
Derek And The Dominos - Let It Rain
https://www.youtube.com/watch?v=jnDSN_XK…
http://time.com/money/5218386/mega-milli…
The way I see it is to become the master of the black in the white, and the white in the black. To be able to transition between the two quickly, frequently, and effortlessly.
Either that, or stay in the white, or the black, and never transition, and find happiness where you are.
If you want to enjoy life like it’s going to be over soon - that’s cool. But try to remember - everyone is living longer - and nobody has pensions anymore.
Lastly, Avoid giving all of your money to strippers, some is ok, but keep it in moderation.
Don't worry too much about expenses past 70 or so. By then you will not be interested in most of the things you think are so great right now. After 70 or perhaps 75, you only need to cover the monthly bills and your medications. Your'e not going to be spending 5 days a week in the SC, you just wont have the interest.
The savings were in an S & P index fund which did well during the 80's & into the 90's.
In my 60's I worked part time consulting making about $50,000 a year. Then my wife got sick and I met my ATF. In my 50's I spent $250,000 on my kids' education. They now each make at least $150,000. Now I'm in my 70's, have a mortgage, credit card bills (about $35000) and nursing home expenses after my wife's passing. I'm not worried about leaving my kids anything - their education is their legacy. I'm considering bankruptcy which may leave me enough for a couple of good trips per month, but really I could drop dead tomorrow - I've abused my body mercilessly - diabetes, quadruple bypass, smoker, a little drug use, etc.
I usually had 2 nice cars and could have/should have saved more, cold have gotten more involved in investments for a better return, but always tried to find a balance. When my wife was diagnosed with Alzheimer's we traveled - 2 weeks in Tuscany, 2 weeks in Hawaii, a tour of the Canadian Rockies, Aruba, Mexican Beaches, etc. we both played golf and would winter in our golf condo in S.Carolina.
I've got no regrets.
I got a late start in investing in a 401k, at around age 33, but have managed to save quite a bit in 20 years, weathering two major market downturns, which were great buying opportunities and helped me reach this stage.I didn't start mongering until about a year ago, which was a few years after my marriage fell apart (took me a couple of years to stop wishing I was dead and start enjoying life again). I don't monger much, budget about $3,000 to $5,000 a year, mostly for two trips to Tijuana. I do plan on increasing that budget, maybe significantly, in about six years when I can access the 401k. I plan on working until I'm no longer physically able or can't get the kind of job I want, which I'm expecting to be into my late 60s or early 70s. That will keep a steady flow of income and keep me busy, since it's not like I have a family or significant other to come home to.
But I also plan on leaving a significant portion of my money and assets to my children.
So the only advice I can give is for you to find a comfortable balance between having some fun now but also preparing for your retirement.
That way you will never have a job you hate, instead you will enjoy doing what you spend the most time with.
Have children and make them the focus of your life, if you do it right you'll have no regrets.
Don't pay attention to anyone who tells you that money will make you happy.
There's a guy in his 70's in our office. He's retired from the company, but came back to work as a "consultant." He comes and goes as he pleases, often comes in at 10 am unshaved and looking like he just got out of bed. However, he's the organization's single expert on a highly exoteric technical area. If you ask him a question he launches into a long winded explanation so that people get bored, give up and leave him alone. It would probably take 6 months to a year to spin someone else up to his level, plus no one wants to do it anyway, so he can work here as long as he likes. I want to be that guy when I'm his age, lol.
When they actually end up letting him go - he will probably get a nice severance package too. So it will be a “happy ending” - or so to speak - for him! Lol.
It's people I value most.
I cherish my friends, friends make life an adventure, they help when you are down, and the joys of life you share are incomparable. I met you, Juice, only but the once, I look forward to seeing you again in mid April when I return down South again. I value the lessons I learn from friends and enemies. We'll never agree with everyone all the time. Value things learned in life. Be happy. It lengthens one's life and gives others reasons to emulate you.
But there are better things to put your money into than either conspicuous consumption, or the glorified gambling and government entitlement program known as 'investments'.
You can put your money into things you do, ventures, enterprises, and undertakings which you and circle of associates undertake.
The purpose of life cannot be just to impress people, or to accumulate money.
SJG
Lady Fantasy - Camel
https://www.youtube.com/watch?v=1qktLukY…
I do not live like that. But I still say the books are very worthwhile because they make you think and decide for yourself.
SJG
I hope no one listens to some of the crap your spew.
For your information, sir, many successful Bitcoin investors live in their Mom's basement
SJG