Everyone here prides themselves on how frugal they are, and how much they save. Saving for the future is obviously great, but I think what's not being taken into account with that attitude is opportunity cost of your life. Opportunity cost of life exists because life is finite. The years of your life when you are healthy and when you can enjoy your life are even more limited. Your physical shape and libido goes down after 35 and with it ability to enjoy life. At 40 you start losing your taste buds and your ability to enjoy food gradually goes down. Ever wondered why there are so many old people at Carrows? That's cause old people can't distinguish good food vs shitty food! Plus each day you are staring down a non-zero chance of death. That's true even if you healthy. So what's I'm saying is.. you should strive to keep balance between maximizing future net worth and enjoying life now, while you are young. Even if it means less TC now and spending more now to enjoy the life in the present.
Ok jesus! Stop preaching and go get laid!
Yes certainly. We donāt even know if we will live long enough to use our 401k. Or the 401k may die first after a Great Depression changes the financial system. So, spend it all while you can.
I enjoy being frugal.
You may clear Amazon interview easily.
Save that drivel for IG
He who dies with the most debt wins
Story of USA
One of the reasons applicable to some folks: Have you heard about leaving inheritance for your kids? Too bad I didnāt get one. But it must be so nice for the beneficiary :)
Diversify your investments and diversify the time periods in which you spend your money
TC or GTFO