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Old 08-31-2014, 11:09 AM   #21
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Isnt this a firable offense at most companies?

Only if you looking at forbidden websites, which most companies do a good job blocking these day .
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Old 08-31-2014, 12:13 PM   #22
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YOLO is just the latest label for the entitled crowd. The YOLO youth are watched their YOLO parents buy houses and cars they couldn't afford, then watched them get foreclosed on or have to short sale. There have always been people who lived beyond their means, feeling that they deserved it. YOLO just is a restatement of that.... spend/do now, regardless of the long term consequences. It's not something limited to the young folks today.
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Old 08-31-2014, 12:19 PM   #23
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While updating my contact list I found three former work colleagues who are now deceased. One was a suicide after years of pain from chronic pancreatitis; the others succumbed to cancer. None of them made it to retirement. One, in particular, was a renaissance man with many interests, who would certainly have enjoyed a fruitful retirement. One more reminder why it is important to enjoy today, even if you don't believe in reincarnation.
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Old 08-31-2014, 12:35 PM   #24
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I don't know anyone living by this credo but we can't go back in time and make those memories later. Maybe a little more risktaking is a good thing.
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Old 08-31-2014, 12:38 PM   #25
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Old 08-31-2014, 04:57 PM   #26
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I guess I think of the yolo crowd, at least the millennial version of it, to be those who choose to follow their travel dreams and exit the workforce for a spell in order to see the world. I'm ok with them doing so. They may lose ground to their more industrious peers, but I think the risks are worth it for them.

Everyone has to answer for their own values in the end. And how fortunate we are to get to choose how to live our lives, when there are many around the world who have no such opportunities.
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Old 08-31-2014, 05:29 PM   #27
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I've lived the music theme. It has been mostly good.

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Old 08-31-2014, 06:52 PM   #28
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What do I think abut the YOLO crowd? I don't want them anywhere near me. Too much trouble. Other than that they can crash their hang gliders into any tree or building they want
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Old 08-31-2014, 07:15 PM   #29
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We live, we die, and in between we {YOLO|LBYM|LOL|OMY|OMG|DIY|CYA|SMH}

TTFN
You left out CHA CHA CHA
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Old 08-31-2014, 07:15 PM   #30
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As for me, I'm lucky to have an easily obtained "this is great!" threshold. A good pizza makes me just as happy as a $100 meal. A typical suburban house makes me just as happy as a McMansion. A car that starts and runs reliably and has working AC/heat and a radio is fine, it doesn't have to be new. So, living my "once" isn't too pricey.
+1.

One SIL though is the real YOLO big spender and that is in fact her justification/rationalization. To my knowledge she hasn't kept a car long enough to wear out the OEM tires; everything she buys is on credit because money burns a hole in her pocket and all she looks at is "Can I make the payments". She will be a slave to the credit industry for the rest of her life.

I just don't see any future down that road.
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Old 08-31-2014, 07:28 PM   #31
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Some are more into saying YOLO or YOYO than acting it. My great nephew is 22 and he and his friends keep saying YOYO or Your only Young once. Sure the kids act childish, silly hats and things but he also is going to college and in the National Guard and building credit to buy a house. Some of that stupid stuff only can be done while you are young or more easily like groups of friends going hiking. He will get over being childish soon enough.
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Old 08-31-2014, 07:44 PM   #32
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In some ways I agree with the young YOLO crowd. When you are young and able, have fun and adventures. But I also say don't do anything permanent in your 20's. Don't get pregnant, don't get tattoos. My .02 cents. I feel that any person who buys anything on credit (except a mortgage) is part of the yolo group.

You also must consider that only 50% of Americans have any retirement savings at all. In the hey day of America they would have pensions. Not any more....
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Old 08-31-2014, 07:53 PM   #33
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Based on my observations in social media, YOLO is not about spending money on things. It's about experiences, spending time with friends, having fun, traveling, doing crazy things, etc...
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Old 08-31-2014, 07:53 PM   #34
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You also must consider that only 50% of Americans have any retirement savings at all. In the hey day of America they would have pensions. Not any more....
There are going to be lots of tragic stories coming out of that. The outcome may be a national retirement system or the culture will change to one of more personal financial responsibility. I would not bet on the latter.

The "Spendarina" SIL that I wrote about earlier is going to be one of those stories. She talks of retiring to FL and what they're going to do there but I don't see them being able to do much more than sit around their trailer and watch OTA TV.
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Old 08-31-2014, 08:59 PM   #35
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retirementguy1- You said "My .02 cents. I feel that any person who buys anything on credit (except a mortgage) is part of the yolo group."

And you live in or near Las Vegas?? I'm shocked. And surprised the locals haven't tried to string you up for heresy yet .
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Old 08-31-2014, 09:02 PM   #36
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Based on my observations in social media, YOLO is not about spending money on things. It's about experiences, spending time with friends, having fun, traveling, doing crazy things, etc...
yup, that's pretty much as I see it too. I never connected it to a subculture or spending.
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Old 08-31-2014, 09:08 PM   #37
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retirementguy1- You said "My .02 cents. I feel that any person who buys anything on credit (except a mortgage) is part of the yolo group."

And you live in or near Las Vegas?? I'm shocked. And surprised the locals haven't tried to string you up for heresy yet .
Yep, it's easy to be a genius when you are surrounded by idiots. We get the rejects from around the country. That's why it's so easy for me to clean up. My savings rate is close to 75%
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Old 08-31-2014, 11:29 PM   #38
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I've almost always heard the term invoked by stupid, foolish people who were looking for an excuse to do something dangerous and/or illegal
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Old 09-01-2014, 06:49 AM   #39
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I guess I get a little frustrated when I see family members and friends live way beyond their means. I want to say something but can't since its not my business. Most of us have learned about deferred gratification, living below your means and prudent saving and investing. We are the valedictorians of our class, others will learn the hard way...


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Old 09-01-2014, 06:59 AM   #40
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I want to say something but can't since its not my business.
It is definitely best not to say a word. In my experience, the person will (rightly) get very put off. Even saving and investing advice that has nothing to do with changing sending habits is often unwelcome and almost never put to use. The only time I will offer an opinion is if I am directly asked (and then the wording of the reply is very important).
Advice on sex or religion would probably be more welcome.
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