Reply to I make good money but am now constantly worried about losing it

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would say just have fun now and don't worry so much about the future![/quote]

And then look around at age 50 and start to panic that you haven't built wealth[/quote]

Right!  There is a happy medium.  In our 20s, we were happy to not be poor, like we both were growing up.  So most things were an upgrade from our previous lives.  We made great $$$, chose to actively pay off $80K in students loans (this was 30+ years ago, so a lot for 2 of us), and save for a home.  Bought a home we could afford on one salary (our salaries were similar), and saved the rest for retirement and building a 12 month emergency fund.  Sure we took "vacations" but other than our honeymoon, it was "drive somewhere within 4-5 hours and spend 5-6 days", it wasn't fly and stay in luxury places.  Drove our first cars for 8-10 years, and that allowed us to pay cash at age 32 for a "brand new luxury vehicle", and we never financed a car after that.  Because we keep them for at least 7-8 years as well.

[b]If you save intensively in your 20s/early 30s, the rest of your life will be so much easier.  Don't regret that for a minute.  [/b]
Now we can do what we want, when we want basically

[/quote]

This. The money I saved in my twenties and early thirties is worth SOOOOO much more than the money I can save in my 40s.  Compound Interest!  In my 20s and 30s, I was happiest on fun, adventurous trips, staying in hostels or inexpensive hotels that attracted other travelers like me.  And I didn't need a big house or an SUV yet.  Now in my 40s, I want a nice Airbnb to stay in when I travel so my kids have their beds and we can do laundry, a second home, or whatever.  I saved so much earlier that whatever I save now is just gravy and doesn't really move the needle like my investments.   Most years, my investment earnings alone are on par with my salary.  It's a good place to be.  [/quote]

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