Do optimize for the long term, but also realize you could be dead by next morning.
Do optimize for the long term, but also realize you could be dead by next morning.
Enjoying life here and now is such an important aspect. For me, bouldering is such an activity. It demands maximum focus on tiny details in order to climb a piece of rock, which is completely pointless to do. Pure fun.
1. Say no and disagree with people
2. Walk away from any relationship (personal or professional)
3. Do what you like, believe what you like (as long as you are not harming yourself or others).
4. Move
5. Hire experts to work for you (if you can afford it)
6. Spend your money as you please
7. Engage in conversation with strangers
8. Drastically change your life (new career, new field of study, etc) 9. Talk to strangers.
It took me a long time to realize that being an adult means taking control of my life, make decisions and being okay with their consequences because _I_ made them.
However, I understand if you are coming from a poor background, most of your life resolves around how to improve it, so me not knowing anything about you, I am not judging you for this, just find it different.
They're both saying the same thing... although zigman1 didn't seem to realize it. (Perhaps through being unfamiliar with jargon like "index funds" and how that differs from day trading.)
I feel like this is often overlooked in financial planning. Everything is aimed at planning for (early) retirement. Meanwhile, the '$1 today is more valuable than $1 tomorrow' trope isn't just true for monetary value, but also for the value $1 might bring.
$1 today can buy memories for the rest of your life. It can bring experiences with family members and friends. Having $1 million in the bank in 40 years will never buy back time you may have wasted working to save that money.
I'm not saying that people shouldn't save or invest money for the long term, but I do think more people should take into account what they lose today by only focusing on the long term... Especially when that long term might never come.
The Bogleheads forum is full of “I scrimped and saved and now have millions but I can’t even bring myself to buy a used Toyota.”
It’s such an old problem it’s mentioned in Ecclesiastes 2:21-23!
Another way to look at it is you have time, effort, and savings; you need to balance them all because time will run out. A local college kid can do things that Buffett will never be able to do, because he has youth and years, and no billions can buy those.
I pivoted from a career in security operations to go full time into tech and I find myself gathering too much information to solve a problem that actually doing the thing. In a wise and brotherly Nigerian tone Too much of anything no good
He burnt a lot of money taking us around: car trips, ski trips, windsurfing, camping, cycling. He never regretted it and now I try to follow suit and spend good time with my kids before they grow up. I could have saved the money but the money physically won't be able to buy the same thing 10 years from now. It's a race against time in a sense.
What should the balance be? Nobody knows. Making predictions is really hard, especially about the future.
Like my plumber said: the best time to change the old drains and pipes in your house is the day before they break.
Do things because you enjoy and care about them. This way if you have to start over it's yet another gift, because it's always your choice.
Today is a new day.
An insanely nerdy analogy lost to most... A car may run rough at idle but strong at high RPM, because any ground loop noise is lost in the high frequency output.