Reply to After reading this forum…I feel like I did it all wrong. Or did I?

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[quote=Anonymous][quote=Anonymous]A lot of people on this forum seem so obsessed with the idea of not “overspending” (whatever that means), building wealth, having a high NW, maximizing everything, blah blah. It’s making me feel like I didn’t do things right because I only recently (in my mid 30s) began paying attention to my NW. This forum is making me go back and think through all my spending decisions and wondering if I did things wrong. For example, I spent part of my 20s in NYC and I spent a ton of money eating out. Not even just the local neighborhood joint, but Michelin star restaurants. It was a thing that my friends and I did because we were in NYC and the food is amazing and that’s one way we hung out. I also traveled a good amount. Like, lots of trips abroad, hotels, dining, etc. it adds up. I never felt like I couldn’t afford it, but maybe you all would say that should’ve been invested.

But…I sort of loved my 20s? And I think I’m okay being poorer because of my amazing decade. Or do you all derive some sort of thrill in saving all your money?[/quote]

It is all about balance and what is right for you. As long as you don’t complain in 3 years that you now have a baby and suddenly want a sfh And cannot save for down payment for a house because you now have childcare costs but also cannot keep renting a condo because you think you deserve more than a condo and life is so unfair, then you are ok.

You can replace scenario above with the other classic of this forum «  but I don’t understand my 2 kids are teenagers and I need to come up with money for college in 3 years and I cannot do it »; or «  I am 50 and I have no retirement savings, this is crazy I cannot work forever »; or « all my 45 yo friends are buying secondary homes and I cant, what in the world happen »….

You are entitled to enjoy the memories and experience of your 20s and value the present more. You just need to fully grasp what you are sacrificing in terms of future comfort or security. There is no right answer, only preferences, if you drop dead tomorrow you are the objective winner in terms of spending strategy.[/quote]

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