@chadasauruz@bronzebust You're absolutely right about that. It's a tough transition to have a saving mindset for your entire life, and then suddenly realizing that now you have enough and you can start spending it. Hard to teach this old dog new tricks! LOL!
That’s beautiful man, congrats, sounds like you’re spending it well. I think all I was getting at was that if you have managed to accumulate that much then I wouldn’t worry about spending a little bit of it, don’t feel trapped by the need to save. The lifestyle that got you there isn’t the lifestyle you have to lead forever, that amount of capital generates good compounding returns on its own, without any further saving
I honestly have no idea what "a lot of money" even is anymore. 100K saved? 300K invested? 500K liquid?
Buddy of mine had 10K in the bank and felt comfortable enough to buy a new (used) car and upgrade to a nicer apartment. Absolutely blew my mind.
We are starting to do that. Spending money on some upgrades to our home but also upgrades to our kids - like going to college and not having to worry about student loans. And knowing that we have enough to help them get started in life when they move out. Building generational wealth.
@Deviation_Blue@bronzebust Have you considered you could massively upgrade your lifestyle for less than 5% of that? What’s the point in having the money otherwise, just living in fear of a lightning hitting you
@bronzebust@Deviation_Blue Most people's value is wrapped up in retirement funds they can't touch until they're 59-60 years old.
It's very normal for people who saved for 20-25 years to have that much invested.
@bronzebust Mostly so we can pass it on to our kids, same way I got about half of my wealth, from parents that saved then passed it on when they passed on. I have one about to start college and another in high school, they will have no student loans because we saved. Generational wealth.
@Optimistic4Mars@bronzebust Yes my wife and I were just discussing this. That delayed gratification can go too far - it’s a necessary trait for financial success, but then transitioning to spending that money when, for 50 years I’ve been training myself to save, is difficult.
@Deviation_Blue@bronzebust My father did this as well and died at 62. Consider your choices. You can't take it with you. Help your kids get houses and make memories.
I invest 1 dollar. Inflation happens. Now everything that once cost 1 dollar costs 2 dollars. So my stock is now worth 2 dollars.
I sell the stock. The government says I profited 1 dollar. They tax me on it.
But I didn't profit. I broke even while they destroyed the dollar.
@JebraFaushay It's always the ones least deserving of graduating high school that make the biggest noise. You never see the high IQ kids with honors tassels doing this kind of ridiculous shit.
Allow the joy of graduation to wash over you, experience the excitement rumbling through your veins!
Kick off those shoes and stomp, jump, dance, and move with unbridled glee, like this girl.
@LaurenWitzkeDE Words are just noises you make with your mouth and these touchy motherfuckers are still getting bent out of shape over it. The EQ of a damn child.
@bannon1975 Correct. That’s why instead the slow kids should be segregated out of our schools entirely and all placed into a separate school just for them. Like we used to do.
When a child is put in the lowest reading group, they usually know it.
The name of the group doesn't fool anyone.
The Butterflies. The Robins. The Stars.
Children are very good at working out which group has the hardest books.
And they carry the information about which one they're in for years.
We designed a system that sorts children in plain sight and then wondered why some of them stopped trying.