Comments on: Spending Now VS Saving for Retirement http://onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/ Tue, 20 Jul 2010 04:14:33 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: BuildandSucceed http://onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/comment-page-1/#comment-13603 BuildandSucceed Sat, 29 Sep 2007 19:23:46 +0000 http://www.onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/#comment-13603 @Steve That's a really good point... It's hard! Sometimes I see things like that... and then sometimes I don't. It's sort of like buying an expensive car that you really want. It'll make you really happy when you're driving and people see you or whatever. But when you pay the bill for it, you have a regretful feeling. @Steve

That’s a really good point… It’s hard!

Sometimes I see things like that… and then sometimes I don’t.

It’s sort of like buying an expensive car that you really want. It’ll make you really happy when you’re driving and people see you or whatever. But when you pay the bill for it, you have a regretful feeling.

]]> By: The Friday Gathering For 9/28/2007 | Gather Little By Little http://onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/comment-page-1/#comment-13526 The Friday Gathering For 9/28/2007 | Gather Little By Little Fri, 28 Sep 2007 15:54:55 +0000 http://www.onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/#comment-13526 [...] One Million And Beyond discusses spending now vs. saving for retirement and finds the real answer is balance. [...] [...] One Million And Beyond discusses spending now vs. saving for retirement and finds the real answer is balance. [...]

]]> By: Steve http://onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/comment-page-1/#comment-13251 Steve Wed, 26 Sep 2007 03:10:08 +0000 http://www.onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/#comment-13251 Nice discussion Matt- I think your looking at the right issues. I've worked with many of them myself. I remember being 28 and having this discussion with a planner. I wanted a used fishing boat... he said something to the effect that "You're not supposed to do that now! You've got to save for retirement!" I understood what he said rationally, but at the same time there are priceless opportunities in our lives that only we can really understand. A few years later I did get a used fishing boat. We enjoyed it for several years and have family memories I wouldn't trade for twice its cost. The same balance and contrast has been played out repeatedly over the years. Saving and investing is still a priority, but I won't sacrifice the "wants" that make life worth living along the way. :) Nice discussion Matt- I think your looking at the right issues. I’ve worked with many of them myself. I remember being 28 and having this discussion with a planner. I wanted a used fishing boat… he said something to the effect that “You’re not supposed to do that now! You’ve got to save for retirement!” I understood what he said rationally, but at the same time there are priceless opportunities in our lives that only we can really understand. A few years later I did get a used fishing boat. We enjoyed it for several years and have family memories I wouldn’t trade for twice its cost. The same balance and contrast has been played out repeatedly over the years. Saving and investing is still a priority, but I won’t sacrifice the “wants” that make life worth living along the way. :)

]]> By: BuildandSucceed http://onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/comment-page-1/#comment-13222 BuildandSucceed Tue, 25 Sep 2007 20:02:36 +0000 http://www.onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/#comment-13222 Interesting. I see it a little different, I guess. I think I enjoy saving lots of money every month but my reasons for putting money away aren't just for when I'm 65... I want to save for a business, a house, etc... You know, all those OTHER things not just peaceful boring retirement. Plus, I'm still young. But yeah, I just try to set aside a small amount of "fun" money. And I just make the rest automatic through my banks bill payments, transfers, etc. Great site by the way. :) Interesting. I see it a little different, I guess. I think I enjoy saving lots of money every month but my reasons for putting money away aren’t just for when I’m 65… I want to save for a business, a house, etc… You know, all those OTHER things not just peaceful boring retirement. Plus, I’m still young.

But yeah, I just try to set aside a small amount of “fun” money. And I just make the rest automatic through my banks bill payments, transfers, etc.

Great site by the way. :)

]]> By: Kyle @ Rather-Be-Shopping http://onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/comment-page-1/#comment-13208 Kyle @ Rather-Be-Shopping Tue, 25 Sep 2007 17:12:27 +0000 http://www.onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/#comment-13208 Great post! That balance you are talking about is a tough thing for me to determine at times. I think that is where setting aside a pre-determined amount of money every month towards retirement is so important. Determine the amount that still allows you to enjoy some of your small dreams while at the same time saving towards the big dream of a peaceful retirement. Great post! That balance you are talking about is a tough thing for me to determine at times. I think that is where setting aside a pre-determined amount of money every month towards retirement is so important. Determine the amount that still allows you to enjoy some of your small dreams while at the same time saving towards the big dream of a peaceful retirement.

]]> By: Joe http://onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/comment-page-1/#comment-13179 Joe Tue, 25 Sep 2007 11:50:16 +0000 http://www.onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/#comment-13179 That comment hits close to home Matt, as my fiancee is in the process of starting her own business as well as beginning to re-enter the art scene. Combined with the wedding coming up next year, we have some expenses coming and here with significant numbers. On top of that, we're trying to pay down our CCs and continue investing. By budgeting carefully, we have been able to pull it off. If we were flying by the seat of our pants, I'm sure we would have crashed by now. However, with the budget we are able to balance 'fun' with 'compulsive wealth building' sometimes even combining them :) That comment hits close to home Matt, as my fiancee is in the process of starting her own business as well as beginning to re-enter the art scene. Combined with the wedding coming up next year, we have some expenses coming and here with significant numbers. On top of that, we’re trying to pay down our CCs and continue investing.

By budgeting carefully, we have been able to pull it off. If we were flying by the seat of our pants, I’m sure we would have crashed by now. However, with the budget we are able to balance ‘fun’ with ‘compulsive wealth building’ sometimes even combining them :)

]]> By: January http://onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/comment-page-1/#comment-13140 January Mon, 24 Sep 2007 15:25:25 +0000 http://www.onemillionandbeyond.com/blog/2007/09/24/spending-now-vs-saving-for-retirement/#comment-13140 Recently, I've been tracking my savngs goal for the year. Based on my annual salary, I set a goal of $10,000 and eigth months down to year end, I have $1,537 to go. All of a sudden, i found myself thinking of how I could save another $6,000 by christmas. I had to take a deep breath and really thought about the main reason I was setting aside money for the future was simply to live the kind of life I plannd for myself which involves a lot of International Travel, Charity, Adoption, Photography. I had to tell myself that i've tried for the year and immediately began to plan towards my next vacation outside the country. I agree that at a point in time, you have to learn to live life. Recently, I’ve been tracking my savngs goal for the year. Based on my annual salary, I set a goal of $10,000 and eigth months down to year end, I have $1,537 to go. All of a sudden, i found myself thinking of how I could save another $6,000 by christmas. I had to take a deep breath and really thought about the main reason I was setting aside money for the future was simply to live the kind of life I plannd for myself which involves a lot of International Travel, Charity, Adoption, Photography. I had to tell myself that i’ve tried for the year and immediately began to plan towards my next vacation outside the country. I agree that at a point in time, you have to learn to live life.

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