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Reply to "YOLO vs savings - please share your stories"
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[quote=Anonymous][quote=Anonymous]Interesting question — I’d love to hear other stories. IDK what the right balance is either but I’d say — save hard in your 20-30s to build the foundation that’ll keep growing, spend in your 40-60s. Things like travel just get harder as you get older so I say don’t wait on trips until age 70 when you can afford it comfortably at 50.[/quote] Also keep in mind the couples’ ideas of retirement can diverge even if they were always on the same page before. I’ve seen it happen where upon retirement, one spouse is still go-go-go and the other - esp after a few yrs of being done with work basically just wants to be home, reading the paper and being a typical retiree. It brews a LOT of resentment when one spouse is like - we always said we’d travel after age 65-70 and the other is like - eh, flights, walking around all day in Europe, I’d rather just sit here. Do it while you know you both want the same things.[/quote]
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