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

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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]

Completely fine to do what you did, as long as you could pay all your bills (including Credit cards) on time each month and were saving at least 15% of your salary for retirement, IMO. Otherwise, you couldn't really afford it.    However, don't complain in your 40s that you don't have enough for retirement or enough for kid's college, because you made choices in your 20s or you can barely pay your mortgage because it's all you can afford (or don't like the house/neighborhood/etc you can afford).   Own your choices and live with the results.

Nobody is saying not to enjoy life.  But you have to enjoy life on the level of what your income is---if it takes loans/credit cards to "enjoy life" and you are not saving some for retirement, then no, it's not worth it IMO[/quote]

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