I reached $450k at age 28 by living way below my means (living with parents) and felt super depressed. All it was was a number on a spreadsheet. One random day I had to get my appendix removed and went into emergency surgery. I thought I was going to die because Iโve never had surgery before and the doctors made me sign waivers in case of death. I remember lying in that emergency room getting ready for surgery thinking I wasted my life. I promised myself if I got out alive I would enjoy life more. Now itโs been a year since my surgery and Iโm at $650k (I know bad example but I donโt care if my net worth falls back to $450k or below) Basically I spent $200k for a down payment on a house, a new car, nice furniture, a massive TV (home theater) all of this at premium prices because of COVID and I couldnโt be happier and couldnโt care less about not waiting until the โCrASHโ. Iโm going to enjoy my money now because tomorrow isnโt guaranteed. All I do now is max out 401k and roth IRA and keep a huge emergency fund but any other money goes towards entertaining myself. I hope this message reaches anyone else who is a super saver like I was and is wondering whether to pull the trigger on moving out and enjoying life. I say DO IT. Donโt compare yourselves to these assholes (including myself) who have $1M or $500k or $2M in net worth, itโs all tied up in investments and they canโt even enjoy it so the only place they can flaunt is on Blind. You can have a $50k net worth and have a much better life than someone with $1M because they canโt even enjoy their money because they have a scarcity mindset. TC $155k MCOL
Awesome. There is more to life than NW and chasing TCs.
True, but I can't save 650K with 155K TC
Sure you can! It just might take a bit longer ๐๐พ
Just don't pay taxes or anything else. It's easy!
Not really you canโt have a good life without the money. Even if you make 300k spending 25 bucks on a drink is outrageous
There's definitely a balance. Spending $10-17 on a cocktail or two every now and then vs spending nothing cause it's a lot cheaper at home vs wasting all your money going out. I admit, I often fall into the trap of "why is this so expensive out" but we all have one life to live.
It's not outrageous if it's a great drink that you can't get elsewhere and making it yourself takes the fun out of it.
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I bought a nice couch on Wayfair, great service!
Thats waste of money
Most people chase the TC to not have to chase it after getting their safety nets and investments done. Some keep chasing it as a game and just because they can. Iโd personally love to chase TC to save up and have 10-15m in investments for annual dividends and coast somewhere with full benefits after retirement. Until that happens, TC or bust
Easy to spend with 500k safety net
My man
Have $155k TC but saved $650k? Way to bs around here
Live with your parents and sit idle, donโt spend any money on yourself, time buying VTSAX during dips like trump tariffs, COVID, interest rate hikes, buy investment properties, etc. and youโll get there. NOT RECOMMENDED obviously as the post points out.
I donโt see why this NW and salary is incongruous by any means especially with basic investing
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