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Life priorities. Investments, Physical Assets, Experiences, or balance?
Posted on 7/3/18 at 11:57 am
Posted on 7/3/18 at 11:57 am
I know those that live paycheck to paycheck but they have a ton of posessions. They have the heavily financed house (90-100%) that’s a little too expensive for their income, the 2 car garage with Excessive notes, the RV, boat and atv.
I also know those that drive a beater, live in an old fixer upper house and eat turkey sandwiches for lunch everyday to put money away for saving.
Then there are the travelers and adventurers that spend their money on experiences.
I am more balanced and prioritize all equally. I want to provide for great experiences for my kids, to hopefully yield a better perspective in growing up in a quickly changing global environment. I also want to set the wife and I up nicely for our latter years. At the same time I don’t want to live like we’re in poverty so our Home and vehicles are nice, but not excessive.
Why type are you, and why?
I also know those that drive a beater, live in an old fixer upper house and eat turkey sandwiches for lunch everyday to put money away for saving.
Then there are the travelers and adventurers that spend their money on experiences.
I am more balanced and prioritize all equally. I want to provide for great experiences for my kids, to hopefully yield a better perspective in growing up in a quickly changing global environment. I also want to set the wife and I up nicely for our latter years. At the same time I don’t want to live like we’re in poverty so our Home and vehicles are nice, but not excessive.
Why type are you, and why?
13
Posted on 7/3/18 at 11:59 am to Lookin4Par
I balance all of those based on my wife’s mood because I’m an aimless beta cuck.
Posted on 7/3/18 at 12:01 pm to deeprig9
quote:
balance all of those based on my wife’s mood because I’m an aimless beta cuck
Like pretty much all men who are in a marriage 5 years plus.
Posted on 7/3/18 at 12:02 pm to Lookin4Par
You can’t take it with you baw, so you might as well spend it
Posted on 7/3/18 at 12:04 pm to Lookin4Par
At a certain age, everyone reading will realize none of those categories mean anything if you're missing a person you truly love to share it all with.
One day, Boys. You'll see. Never ever ever take real love for granted.
Posted on 7/3/18 at 12:05 pm to Lookin4Par
quote:
Then there are the travelers and adventurers that spend their money on experiences.
I’m in this boat right now.
No kids, disposable income, flexible work schedule. Nows the time in my life to travel and see as much of the world as I can.
I average about 2-3 international trips a year, along with a handful within the US.
This post was edited on 7/3/18 at 12:10 pm
Posted on 7/3/18 at 12:05 pm to Lookin4Par
1) Physical assets - I trust what I can lay my hands and eyes upon more than a digitized account of what I have invested.
2) Investments - I am dubious of the long-term stability of the financial system, but while it still exists, I am happy to invest a portion of my earnings for more passive earnings.
3) Experiences - I've already done a whole hell of a lot, and at this point, I am more concerned with creating a stable base for a future family than I am about doing cool shite. Obviously, I want to continue to do cool shite, but it is the lowest priority.
2) Investments - I am dubious of the long-term stability of the financial system, but while it still exists, I am happy to invest a portion of my earnings for more passive earnings.
3) Experiences - I've already done a whole hell of a lot, and at this point, I am more concerned with creating a stable base for a future family than I am about doing cool shite. Obviously, I want to continue to do cool shite, but it is the lowest priority.
Posted on 7/3/18 at 12:05 pm to Lookin4Par
I invest well, drive cheaper cars, and live in a small older house.
Still like splurging on nice meals, drinks, and some trips with the family
Still like splurging on nice meals, drinks, and some trips with the family
Posted on 7/3/18 at 12:08 pm to Lookin4Par
Experiences, investments, physical assets in that order. At the end of the day it is all just stuff.
Posted on 7/3/18 at 12:12 pm to Lookin4Par
I'm not in debt up to my neck, but I'm closer to paycheck to paycheck while still comfortable. Nobody is guaranteed to see tomorrow so IMO live alittle and finance to have nice things now rather than saving a paying cash for them later. While I still have a few grand in the bank incase my A/C goes out or some unexpected event.
Posted on 7/3/18 at 12:20 pm to Lookin4Par
I suppose I'm fairly balanced. I like travel and a few of the finer things in life but have also put a large portion of money towards investments. The main difference is most of my investments involve or will involve business diversification and income producing real estate, so I get entertainment out of them beyond the basic returns.
Posted on 7/3/18 at 12:25 pm to Lookin4Par
Experiences > Investments > Physical Assets
Posted on 7/3/18 at 12:28 pm to Lookin4Par
We definitely value experiences but we are blessed enough that we can travel without putting a strain on ourselves.
Posted on 7/3/18 at 12:30 pm to Pahnew
quote:
I'm not in debt up to my neck, but I'm closer to paycheck to paycheck while still comfortable. Nobody is guaranteed to see tomorrow so IMO live alittle and finance to have nice things now
If you have kids you’re a douche. Deprive yourself a little now so your kids can live better off than you do/did.
If everyone in the family tries to leave the next generation a little better off than they had it, your family wins forever.
Posted on 7/3/18 at 12:32 pm to DavidTheGnome
quote:
Experiences > Investments > Physical Assets
This.
I will never not go somewhere or not do something for fear of not having enough money in my 60's or so to "retire". I can enjoy those trips much more at the age I am now.
Also, I don't like buying "stuff". The stuff I do have I take great care of, and I'm so damn frugal I'll talk myself out of buying almost anything.
My thought process is always, "When I'm on my death bed, what will I regret?"
Rarely does that answer involve physical things.
Posted on 7/3/18 at 12:34 pm to Lookin4Par
I do the Dave Ramsey plan and live like nobody else today so I can live like nobody else tomorrow.
We drive used, older vehicles and live in a house that most people call “starter house” because they buy into the idea that a bigger living room and more closets are more important than retirement money/generational inheritances.
We keep a 3-6 emergency fund, carry high insurances deductibles, and invest in long term winners not short term gambles.
We budget for 1-2 vacations per year, which gives us the freedom to decide months ahead of time what kind of fun we want to have and not worry about the price of a meal on the trip.
We drive used, older vehicles and live in a house that most people call “starter house” because they buy into the idea that a bigger living room and more closets are more important than retirement money/generational inheritances.
We keep a 3-6 emergency fund, carry high insurances deductibles, and invest in long term winners not short term gambles.
We budget for 1-2 vacations per year, which gives us the freedom to decide months ahead of time what kind of fun we want to have and not worry about the price of a meal on the trip.
Posted on 7/3/18 at 12:39 pm to Lookin4Par
I am the type that thinks that the money board could be renamed the hubris board. I have a list of names down to my elbow of people I know who measure winning as accumulating, never had the experiences they wanted to have in life, and died before ever being able to enjoy their wealth.
While it’s hard to argue against financial responsibility and preparing for the future, it’s also important to balance that with the knowledge that the clock is ticking.
While it’s hard to argue against financial responsibility and preparing for the future, it’s also important to balance that with the knowledge that the clock is ticking.
Posted on 7/3/18 at 12:55 pm to Lsupimp
quote:
While it’s hard to argue against financial responsibility and preparing for the future, it’s also important to balance that with the knowledge that the clock is ticking.
Precisely 
Posted on 7/3/18 at 1:33 pm to Lsupimp
quote:Good to accumulate enough to provide your current standard of living after retirement.
I know who measure winning as accumulating
quote:Good to earn and save enough to spend the extra doing these things.
never had the experiences they wanted to have in life,
quote:Or too old when they finally decide they can afford to do it. I don't want to be 60 learning how to ski/surf/hike.
died before ever being able to enjoy their wealth.
You should enjoy your life each step of the way.
But not spend so much now that you're miserable later.
Or save so much now, that you don't have any fun in your life now.
Just like everything in life. Balance is the secret.
Posted on 7/3/18 at 2:31 pm to tigerstripedjacket
quote:
If you have kids you’re a douche. Deprive yourself a little now so your kids can live better off than you do/did.
If everyone in the family tries to leave the next generation a little better off than they had it, your family wins forever.
Seriously frick that noise. I don’t plan on working my whole life so somebody else can have it easy. You know how many people get an Inheritance and just blow it.
I do however believe in setting money aside for my kids to have the best education I can afford to give them. So they have better starting place in life. What they do with that is up to them.
Anyways if your a reasonably successful person you will most likely have assets left over when you pass for your family.
It’s important to save and invest, but it’s important to make memories with your family also and enjoy life. You can’t turn the clock hand back and tomorrow’s not always a given.
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