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Joined: 09/09/2007 Posts: 16646
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I had a similar thought reading that thread.

First of all, I am a planner/saver...always thinking about the future. So it's not in my nature to spend frivolously on things now instead of saving "for the future". But my best friend is at the opposite end of the spectrum. He is still single, has no strings attached, and has spent most of the past few years traveling the world. He does freelance work online, so he can basically work from anywhere, and he makes enough money to cover his expenses (I think). We had a similar conversation, and he made the point that lots of people spend their lives working themselves to death in order to save for retirement, and then they die before they actually get to retire and enjoy the fruits of their labor. It is a valid point, and it has changed the way I think about things to some extent.

I think there is probably a healthy balance between making sure we take time to enjoy life, spend time with loved ones, and recharge our "batteries" while still planning for the future. Outliving my money is not something I care to experience, and I do worry about my friend having to work until he dies because he didn't save for retirement. But then again, I guess it all really depends on how long we all live...which no one can predict.

(In response to this post by darnellm)

Posted: 02/22/2018 at 12:17PM

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Reading below, What are all of you people Saving your $$$$ for? -- darnellm 02/22/2018 11:35AM

Trust for my kids, their kids, and their kids... ** -- 133743Hokie 02/22/2018 9:57PM

Isn't that an argument against anything that's an investment? -- Monk of McBride 02/22/2018 2:38PM

I would say it's an argument against investing in a college education -- Hokie360 02/22/2018 3:51PM

Tomorrow is not a guarantee, but statistically it is a pretty good bet. ** -- vt90 02/22/2018 2:17PM

Nothing specifically...but take comfort in seeing funds in that account. ** -- great2bahokie 02/22/2018 1:01PM

Saving gives me peace. ** -- Thankful Hokie 02/22/2018 12:59PM

Hedge your bets. What happens if you DON'T die an untimely death? -- HokieNoVA 02/22/2018 12:54PM

Cat food is underrated ** -- SarahVTHokie24 02/22/2018 2:28PM

The freedom to tell EVERYONE in my chosen career, to go f' themselves... -- banishedtothelounge 02/22/2018 12:53PM

My kids, don't want to burden them & to leave something for them.... -- BusLoadaBozos 02/22/2018 12:42PM

I'm retiring when I want whether social security is there or not -- typed by ben 02/22/2018 12:31PM

For me,my SS check is gravy.... ** -- VTUD 02/22/2018 1:30PM

Have to look at it that way ** -- pfishe 02/22/2018 3:15PM

You hope you're the one making the decision to retire. -- Hokie360 02/22/2018 12:39PM

100% true ** -- typed by ben 02/22/2018 1:44PM

Wish I could opt out of SS -- hokiehunter07 02/22/2018 12:34PM

A beach house with wine for the wife and whiskey for me -- HokieAl 02/22/2018 12:26PM

Everyone is different. I retired 6 years ago -- VTUD 02/22/2018 1:33PM

So what would you say it is that you do around here? ** -- HokieAl 02/22/2018 1:54PM

I had a similar thought reading that thread. -- MP4VT2004 02/22/2018 12:17PM

Star Wars Legos ** -- OXVT 02/22/2018 12:07PM

I stashed a completeset of action figures for STNG Season One in my trunk -- Newt 02/22/2018 2:14PM

Hookers. blow. ** -- reestuart 02/22/2018 11:56AM

I don't want to end up being a ward of the state -- VTHokie2000 02/22/2018 11:55AM

But,the odds are that you will -- VTUD 02/22/2018 11:42AM

At some point you may decide that sitting in an office all day -- fordham 02/22/2018 11:39AM

Yep. At the age of 56,I reached the point -- VTUD 02/22/2018 11:46AM

Same here, At 50 I'd done everything I wanted to do professionally, -- 133743Hokie 02/22/2018 10:02PM

Turned 52 sunday, wish I could but not financially feasible -- fordham 02/22/2018 11:49AM

I was fortunate to have the option -- VTUD 02/22/2018 11:55AM

That is great, I have only had 401k options my entire career -- fordham 02/22/2018 12:05PM

You just never know about inheritance and can`t -- VTUD 02/22/2018 12:09PM

Exactly. My Mom banked on it, without reading my grandfathers will. He -- thankbud 02/22/2018 12:16PM

That inheritance can go pretty quickly if your parents start running up -- Hokie360 02/22/2018 12:42PM

Most people`s high medical costs occur -- VTUD 02/22/2018 1:25PM

But people who need caregivers or skilled nursing -- daisyWV 02/22/2018 1:52PM

I have long term care insurance for just that purpose ** -- fordham 02/22/2018 3:15PM

Unfortunately, We've been witness to that, last 5-6 years. ** -- thankbud 02/22/2018 12:46PM

True ** -- fordham 02/22/2018 12:10PM

I had a similar thought reading that thread.

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