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> Money spent now is worth more than money spent later in more ways than one. On the other hand, money saved & invested now will (quite literally) be worth mor
by codethief 3y ago
> Money spent now is worth more than money spent later in more ways than one.
On the other hand, money saved & invested now will (quite literally) be worth more than money saved later.
- maerF0x0 3y agoThe older you get the less time remaining for investments to compound (or rectify, if there's a downturn). The probability that it's worth delaying gratification declines because the future value is lower, and the odds of you seeing that future is also much lower . The odds of you dying this year doubles from 30-50, and doubles again from 50-60. That information means you should gradually save less and start doing more of your top bucket list items by (before) 50. https://www.ssa.gov/oact/STATS/table4c6.html https://www.ssa.gov/oact/STATS/table4c6.html
- Bradlinc 3y agoBoth of these statements are true. Getting the right balance is something I struggle with. I am glad I traveled when I was younger. I couldn't repeat the same trips today. However, getting my BMW detailed at 24 was a waste, though it would be a waste today too.