Fermion
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I had this thought the other day.
How do you value an experience you spent hard earned money on during your saving years compared to the alternate scenario where you invested that money?
Say that you took a trip to Europe in your 30s and it cost you $20,000 in lost work and actual money spent. You had a blast and saw many things that most do not see until they vacation during retirement. You were young and had the energy to really "see the world".
Now you are 60 and that $20,000 could have grown to $100,000 or more. But while you would have a higher net worth, your net experience worth would be lower. I question if even $100,000 could gain you the same level of experience as the $20,000 did, because of age factors and the 30 years that you were not able to reminisce about the trip.
Was the $20,000 actually a better investment? In some ways did it compound?
I think on these things when I read OMY posts and people saying they can reach 99.999075 in Firecalc if they just manage to save a bit longer.
How do you value an experience you spent hard earned money on during your saving years compared to the alternate scenario where you invested that money?
Say that you took a trip to Europe in your 30s and it cost you $20,000 in lost work and actual money spent. You had a blast and saw many things that most do not see until they vacation during retirement. You were young and had the energy to really "see the world".
Now you are 60 and that $20,000 could have grown to $100,000 or more. But while you would have a higher net worth, your net experience worth would be lower. I question if even $100,000 could gain you the same level of experience as the $20,000 did, because of age factors and the 30 years that you were not able to reminisce about the trip.
Was the $20,000 actually a better investment? In some ways did it compound?
I think on these things when I read OMY posts and people saying they can reach 99.999075 in Firecalc if they just manage to save a bit longer.