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Don't get me wrong - if you're perfectly happy with your lifestyle despite spending very little money, that's absolutely okay. My point is, you can not just ove

Don't get me wrong - if you're perfectly happy with your lifestyle despite spending very little money, that's absolutely okay. My point is, you can not just overspend, you can also oversave - if you have the money to make your life better (really better, not wasting-money-better), you're on the wrong side of this. That larger truck might be a waste of money, but it might also be easier to get into, save fuel and keep you safe in the case of a crash. Now, most people are clearly on the overspending side of things, but a large pile of cash won't make your corpse more comfortable either.

horsawlarway 5y ago
Sure - and you can get hit by a bus tomorrow, making the whole discussion a moot point. That doesn't change the fact that the people who end up in the situation the OP was referring to (decent amount of capital late in their lives) tend to be the same people who have decided that they can, in fact, live a comfortable life without having to spend a ton of money. They aren't always right, but my point is that folks without that mindset aren't the ones in that position later (at least not usually).
- randomopining 5y ago
  What's the point though. You just skimped your whole live to end up old and with a bunch of abstract "wealth". Best way to do it is to buy exactly what will fulfill you, and not a cent more. Maybe that 3 week trip to ___ will, maybe the expensive dinner won't. Etc.
  - horsawlarway 5y ago
    I think you're implying a value judgement I'm not making. Who's to say they think they're skimping? Who's to say that they didn't buy exactly what fulfilled them, and it was only 20% of their take-home pay, so they just shoved the rest of it into investments? Basically - money certainly matters, but only to a point. Once you're fairly comfortable satisfying your genuine needs (food, clothing, shelter, time) more money isn't really going to change how you feel. It's a mental trap to assume that happiness can be bought, if only you had a bit more money. It leads to empty, hollow, soulless people. --- > Best way to do it is to buy exactly what will fulfill you My advice? Buying things will never fulfill you. Real fulfillment isn't about having the next shiny ____. I'm not saying you shouldn't buy that thing, but you should be doing it with intention - How does this fit into my life? What uses do I have for it? Who will I share it with?
    - randomopining 5y ago
      No I think we are on the same page. I'm just assuming these are "excessively frugal" type people. Agree 100% that money only matters to a point. I've traveled to many places, and had a few "luxury" type experiences and I'm certain that the juice isn't worth the squeeze for that type of stuff. I would say the main two goals would be to: have enough money to work when/on what you want (this could be like 500k), and the long term goal is have enough money to make a bigger impact on a community or even the world (prob like 10 mil - 1 bil).

horsawlarway 5y ago

Sure - and you can get hit by a bus tomorrow, making the whole discussion a moot point. That doesn't change the fact that the people who end up in the situation the OP was referring to (decent amount of capital late in their lives) tend to be the same people who have decided that they can, in fact, live a comfortable life without having to spend a ton of money. They aren't always right, but my point is that folks without that mindset aren't the ones in that position later (at least not usually).

randomopining 5y ago
What's the point though. You just skimped your whole live to end up old and with a bunch of abstract "wealth". Best way to do it is to buy exactly what will fulfill you, and not a cent more. Maybe that 3 week trip to ___ will, maybe the expensive dinner won't. Etc.
- horsawlarway 5y ago
  I think you're implying a value judgement I'm not making. Who's to say they think they're skimping? Who's to say that they didn't buy exactly what fulfilled them, and it was only 20% of their take-home pay, so they just shoved the rest of it into investments? Basically - money certainly matters, but only to a point. Once you're fairly comfortable satisfying your genuine needs (food, clothing, shelter, time) more money isn't really going to change how you feel. It's a mental trap to assume that happiness can be bought, if only you had a bit more money. It leads to empty, hollow, soulless people. --- > Best way to do it is to buy exactly what will fulfill you My advice? Buying things will never fulfill you. Real fulfillment isn't about having the next shiny ____. I'm not saying you shouldn't buy that thing, but you should be doing it with intention - How does this fit into my life? What uses do I have for it? Who will I share it with?
  - randomopining 5y ago
    No I think we are on the same page. I'm just assuming these are "excessively frugal" type people. Agree 100% that money only matters to a point. I've traveled to many places, and had a few "luxury" type experiences and I'm certain that the juice isn't worth the squeeze for that type of stuff. I would say the main two goals would be to: have enough money to work when/on what you want (this could be like 500k), and the long term goal is have enough money to make a bigger impact on a community or even the world (prob like 10 mil - 1 bil).