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Reply to "How do you balance saving money (for security) vs. spending money (to enjoy life before you die)?"
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[quote=Anonymous]I decided in my 30’s that I considered a diversified portfolio as something for today and something for tomorrow. I will have a pension and I have a TSP and a taxable brokerage account. But in addition to my primary residence I have a weekend place (owned outright, no mortgage) that I don’t rent out. I’m sure I could do better in the market but I can actually use and enjoy the asset. I also have a long term rental property that I’m hoping to be able to give my kids when they get out of college. And recreational land for camping and outdoor activities, also owned outright (for the same reason I have the weekend place). I work to live, I don’t live to work. And I’ve seen way too many people leave this world way before they should. I try my best to balance present with future and can always liquidate my real estate if needed.[/quote]
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