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Some people will save and invest for 40 years until they retire.

• ChuckMcM 6y ago
  Yes, but in my experience its a spectrum. From 'always save' to 'always spend.' One of the more interesting times of my life so far was during the dot com bubble because I got to see a lot of people suddenly feel like they had more money than they ever imagined they would. I observed that the response was always uniquely personal. From a friend who bought 737 jet, only to file bankruptcy a year later, to folks who converted things to bonds and other assets and otherwise didn't change all that much, to people who lived a life of inconvenience only to have their family inherit a huge chunk of wealth when they died. I suspect that it would be difficult, if not impossible, to predict how someone would actually respond.