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Thanks for your reply. I was thinking about the same, while I make more than I spend, and for the time being I can save money, this indeed requires working. The

Thanks for your reply. I was thinking about the same, while I make more than I spend, and for the time being I can save money, this indeed requires working. The "problem" would start when you have depended family members and you cannot calculate, or rather plan for all expenses in advance, what have you done to plan for this?

mikekchar 10y ago
Yes, this is a problem. I think the biggest thing I fear is poor health. I live in Japan which has a health care system, but it can still be quite expensive to be ill. Also, my wife and I won't have children probably, so while that saves money up front, I have nobody to look after me when I get old. Insurance is my main hedge against these risks. I try to follow a healthy lifestyle as well. I used to keep fish and it's amazing how much longer fish live when they aren't stressed. I try to replicate that. Finally I try to buy long term, low risk investments (like government bonds) with my excess cash. However, I keep a few years worth of money available in liquid assets for things like disability. Probably the biggest risk is getting a mental illness that isn't covered by long term disability insurance. I have no idea how to deal with that one :-( All of my skills to live simply may be useless if I lose the mental ability to use them.