My general approach to this tends to be to identify what makes me happy in life, splurge on those, save on everything else. For example, I love computers, so I’d splurge on parts, but religiously meal prep to save on food.
I can respect that. But also- set aside money on a regular basis (cash in an envelope for the physical reality or in a budgeting app) until you have enough to get one. And then splurge on that or something else you want more by then!
The whole YOLO thing never made any sense to me. If you believe in reincarnation or an afterlife, then you have every excuse to risk your life doing whatever you want. There’s usually some kinds of moralistic restrictions, but except in the most extreme religious fundamentalist societies, I suspect wingsuiting on weekends is fair game. If you’re going to live forever no matter what you do, why not?
On the other hand, if you only live once - if you’re one and done - that seems like a demotivation to risk your life before you’re actually done with it.
My wife likes to joke when I’m in an anxiety spiral by saying “okay well on the off chance that society doesn’t crumble maybe you should plan for the future”. For some reason that always makes me laugh. If it does it does, but it’s probably best to have a plan still.
And reasonable budgeting can let you enjoy the now while also planning for the future
Might wanna look up fees their going to charge you when you withdraw that money… Even after your past retirement age. You’re just making the rich richer but I’ll probably eat my words when we’re both 65. Atleast for humanity I hope I eat my words.
The smartest thing any person can do is make their best informed decision with the information they have now. Not with speculative catastrophizing of a future that will keep marching on with or without you.
Because it will, despite all the doomerism in the world lol. And take this from someone who thinks the stock market is just a money generation machine for the rich that plays with made up magic in order to subsidize workers retirements only possible through unsustainable growth based gdp. It’s what makes compound interest even work lol.
The peons don’t like the idea of being paid so little they can’t save up for retirement without magically generating money from hoarding scraps. Heads would be literally rolling daily and worker rights and pay would be enshrined in every first world.
Ya exactly. The idea that fun should come at the expense of giving yourself a safety net is hogwash. I spent the first 25 years of my life living in poverty. The difference between people who stay in poverty and the people who leave is knowing that a stable foundation is more important than anything else in life
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