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[quote=Anonymous][quote=Anonymous]I have a high-income Uncle who I always think did life right in terms of spending.

The only $ he saved from his 20s to about age 50 was in his 401k and a healthy emergency fund. He used to spend like crazy, awesome vacations, he loved cars (that was his main industry) and was always trading them in like every year or two, and was the life of the party and paid the bill. He also moved houses a lot, probably 10 times (some were bigger, some were just a different layout that he thought would be better).

Then around 50 he got a final big promotion. From 30-50 he made the equivalent of mid to high 6 figures and this one about doubled his salary. Instead of spending even more he saved all the extra and retired about 7-8 years later (then consulted part-time for a few more). Now in his late 70s he spends less, says he did everything he wanted to and can’t or doesn’t want to travel the same way, mostly only travels to his childhood hometown in Europe.

He lived it up young and now is enjoying a quieter less spendy life (been in the same house for 20 years). I personally couldn’t do it, he had supreme confidence that he could always get another high paying job, but wish I could and feel he spent his money in a pretty ideal fashion. Enjoyed the younger days fully and pulled back when older.[/quote]

Yes, this is a wonderful strategy for those of us who make MORE THAN A MILLION DOLLARS A YEAR after age 50.

JFC.  [/quote]

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