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07-27-2016, 04:57 PM
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#181
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Quote:
Originally Posted by kcowan
(What really surprises me is the obsession with spending here. Must be the pessimistic FIRECALC predictions? Remember that it assumes you will die broke. So if you have $1 mill w/o anything else like SS or pension or investment returns, you can live on $50k/year for 20 years. Add in all the other stuff and why worry? I think participants are uncomfortable finally spending on themselves!)
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I think you mean the obsession with *not* spending? Yup, it is well known. Along with studies that show large AD nest eggs. Still there is this reluctance to *splurge*
I dunno. It is hard and I've really had to force myself, but it can be done -
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07-27-2016, 05:18 PM
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#182
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 475
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Quote:
Originally Posted by pb4uski
Yes, you are correct... the 6 hour drive is door-to-door. To fly door-to-door is a little over 4 hours but the drive (to Midtown Manhattan) is much more stressful than flying.... and yes, parking is an issue (and expensive), public transportation is good and a car is a hassle.
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To me this is where an autonomous car would be great. Get in and arrive and not have to worry about the actual driving.
Sent from my iPad using Tapatalk
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07-27-2016, 05:21 PM
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#183
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 475
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Quote:
Originally Posted by NW-Bound
Surely, many 1st class passengers feel the same, as they are already seated and sipping some drinks while the coach passengers file by to the back and fight for overhead compartment space.
Whenever I got to fly 1st-class, I tried to hide my smugness, and looked down reading something.
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I think there was a study that showed that coach passengers were significantly more unhappy flying when they had to board through the first class cabin than if they didn't. I guess the smugness isn't well hidden ;-)
Sent from my iPad using Tapatalk
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07-27-2016, 05:32 PM
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#184
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Full time employment: Posting here.
Join Date: Sep 2006
Location: SoCal
Posts: 928
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Quote:
Originally Posted by jabbahop
To me this is where an autonomous car would be great. Get in and arrive and not have to worry about the actual driving.
Sent from my iPad using Tapatalk
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Agreed! No airport security lines, no armrest wars, no airline "meals". For reasonable distances, I'd take the automated chauffeur every time!
__________________
I can't complain, but sometimes I still do.
- Joe Walsh
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07-27-2016, 05:33 PM
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#185
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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If one rebalances high-flying stocks into caviar during a bull market, it should be OK, right?
It's only when one spends his cash and keeps the stocks that it can hurt later.
Quote:
Originally Posted by jabbahop
I think there was a study that showed that coach passengers were significantly more unhappy flying when they had to board through the first class cabin than if they didn't. I guess the smugness isn't well hidden ;-)
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Hence, the uniclass airlines like Southwest. No more smugness, no more envy.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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07-27-2016, 05:39 PM
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#186
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
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Quote:
Originally Posted by jabbahop
I think there was a study that showed that coach passengers were significantly more unhappy flying when they had to board through the first class cabin than if they didn't. I guess the smugness isn't well hidden ;-)
Sent from my iPad using Tapatalk
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I think it's just the big seats, the passengers already seated with luggage stowed, and even drinks in their hands. That's enough even without a smugness vibe.
__________________
Retired since summer 1999.
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07-27-2016, 06:11 PM
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#187
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Recycles dryer sheets
Join Date: Mar 2014
Location: Islands
Posts: 363
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1-I have splurged on business airfare a few times. But it must be a relatively good "deal".
2-I find pleasure in discovering cheap yet good food. I enjoy a nice fancy dinner from time to time...but I reserve those for special times...like birthdays or anniversaries.
3-I have become a bit choosier about hotels. I always check tripadvisor first. Doesn't have to be the fanciest place...just nice relative to cost.
4-I just spent $6000 on a surgery for my dog. I love him like a son so I was grateful I have the means to do it.
I really struggle with spending. My NW is in the 8 figures yet I still feel guilty about spending it. Ultimately, I must feel there is value in where my money is going or I am not likely to let it go. . . whether a $10 meal or $2000 airline tickets. It all boils down to value to me.
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07-27-2016, 06:25 PM
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#188
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,363
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Quote:
Originally Posted by kcowan
....(What really surprises me is the obsession with spending here. Must be the pessimistic FIRECALC predictions? Remember that it assumes you will die broke. ...
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Firecalc doesn't assume that you will die broke... it just calculates the ending value based on a certain series of annual returns and stops if the balance goes negative.
If someone has 90% success that means 10% of the scenarios ended up broke but 90% did not... and often substantial balances have been accumulated.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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07-27-2016, 06:26 PM
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#189
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,655
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We almost splurged on business class for a trip to London next summer for a cruise. Decided to just choose economy plus...but a suite at the rear of the ship for the 14-day cruise. Not sure how we'll deal with a "butler" but I hope it's just a really good cabin steward.
Enjoying life!
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07-27-2016, 06:27 PM
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#190
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,363
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Quote:
Originally Posted by jabbahop
To me this is where an autonomous car would be great. Get in and arrive and not have to worry about the actual driving.
Sent from my iPad using Tapatalk
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Absolutely.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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07-27-2016, 06:45 PM
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#191
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Quote:
Originally Posted by Travelwanted
I really struggle with spending. My NW is in the 8 figures yet I still feel guilty about spending it. Ultimately, I must feel there is value in where my money is going or I am not likely to let it go. . . whether a $10 meal or $2000 airline tickets. It all boils down to value to me.
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You do have it bad. If I had 10 mill I would buy the million dollar house and the Maserati -
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07-27-2016, 06:49 PM
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#192
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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07-27-2016, 06:56 PM
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#193
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
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Quote:
Originally Posted by Dash man
We almost splurged on business class for a trip to London next summer for a cruise. Decided to just choose economy plus...but a suite at the rear of the ship for the 14-day cruise. Not sure how we'll deal with a "butler" but I hope it's just a really good cabin steward.
Enjoying life!
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Yeah we'd rather spend it on seriously upgraded accommodations that last at least a week or more.
__________________
Retired since summer 1999.
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07-27-2016, 07:06 PM
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#194
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Santa Paula
Posts: 4,076
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One of our regular posters here has in their signature-"I am not rich, I am a poor man with money"
I so agree with that. My parents were middle class, and I learned investing from my father at a young age.
Our NW does not compare to some of the folks here (more power to them), but when I can fly on my Angel Flights and not worry about the cost, I guess I am wealthy.
My DW, bless her heart, is very frugal. Her late husband owned a business, and their take home was about 20K a year less than what we now get from 2 SS and 2 pensions. She is thrilled to not having to worry about every expense.
__________________
Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
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07-27-2016, 08:45 PM
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#195
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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The million dollar house would probably be way too big, say 7,000+ sf. If so, you'd have to wear roller blades just to get from one end to the other. Also you'd have to have so many staff around to care for it, that it would feel like Grand Central Station, or the unemployment office, rather than a Dream Home. Think of the echo; not cozy.
Your Maserati would get scratched or dented in parking lots at stores or restaurants the first week. After getting it repaired a few times, I'd expect that you would end up leaving it in the garage and using another car instead.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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07-27-2016, 08:54 PM
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#196
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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No, Robbie will buy in Palo Alto, where a $1M will get him a 1,200-sq.ft. tear-down home whose former owner is a hoarder. Didn't someone post a photo of a house listing like that?
About the Maserati, he will just continue to drive it, dents and scratches and all. He won't care. One cannot be slave to his possession. It's only a car, right, Robbie?
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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07-27-2016, 09:01 PM
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#197
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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Quote:
Originally Posted by NW-Bound
No, Robbie will buy in Palo Alto, where a $1M will get him a 1,200-sq.ft. tear-down home whose former owner is a hoarder. Didn't someone post a photo of a house listing like that?
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I posted that awhile back, but the listing on Trulia now shows a value of $2.475M. (It sold for $1.75M in 2015):
Hoarder House In Palo Alto Is On the Market for $1.8 Million
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
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07-27-2016, 09:05 PM
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#198
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by NW-Bound
No, Robbie will buy in Palo Alto, where a $1M will get him a 1,200-sq.ft. tear-down home whose former owner is a hoarder. Didn't someone post a photo of a house listing like that?
About the Maserati, he will just continue to drive it, dents and scratches and all. He won't care. One cannot be slave to his possession. It's only a car, right, Robbie?
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Lovely! Hopefully it would look prettier than this one.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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07-27-2016, 09:06 PM
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#199
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Wait a minute. We were talking about scratches and dents in parking lots, not about a car being totaled.
Quote:
Originally Posted by daylatedollarshort
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Thanks. It's worse than I remembered. There goes almost 1/4 of Robbie's newfound fortune.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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07-27-2016, 09:18 PM
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#200
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,901
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Quote:
Originally Posted by W2R
Your Maserati would get scratched or dented in parking lots at stores or restaurants the first week. After getting it repaired a few times, I'd expect that you would end up leaving it in the garage and using another car instead.
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My Maserati does 185.
Dings were an offense,
now I don't drive.
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