Reply to YOLO vs savings - please share your stories

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[quote=Anonymous][quote=Anonymous]I'm in my late 40s. Looking back my best YOLO stories have pretty much nothing to do with spending money and more about being open-minded, able to shift gears, respond to opportunities, enjoy my relationships, enjoy time spent with art, nature, music and my children. I have always lived below my means and I have always privileged having a good life.  I don't see these things as in opposition.

Anytime I *thought* there was a YOLO trade-off, I pretty much was fooling myself into spending money that didn't offer that much reward in the long view.  For instance, I once decided to do a bigger international vacation with a group of friends.   It was fine, but in retrospect it didn't make me any closer to that group of people than more day-to-day experiences and didn't provide as memorable experiences as hiking different parts of a mountain about 1 hour away and it wasn't anywhere as meaningful as my year working abroad.  Like many people, in my 20s, I spent money attending weddings in different states--in the long view, it doesn't seem to matter to my friendships whose wedding I was able to make and whose I wasn't.  About a third are divorced now and many have drifted apart except on social media.  Concerts, restaurants and other cultural events I spent more money on didn't impact me more than those that were cheaper--usually it was the other way around--I like the sense that I discovered a good find rather than I merely bought one.

I would say living below my means my whole life has afforded me psychological security to live a good life not focused on spending for happiness.   I now have capital to make choices about where I live, how I spend my time, not get stuck in a dead-end job, not worry about providing for my children or my future and I don't feel I "gave up" anything to get them. [/quote]

Very very similar views. [/quote]

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