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Old 09-01-2014, 10:16 AM   #41
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For me the counter to YOLO is YMOYL, how to generate financial independence in order to work and live as I want not as financial circumstances dictate.
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Old 09-01-2014, 11:31 AM   #42
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YMOYL??

You May Organize Your Life??
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Old 09-01-2014, 12:57 PM   #43
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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
Hey, I've never used that acronym in my life!
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Old 09-01-2014, 01:18 PM   #44
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YMOYL??

You May Organize Your Life??
Your Money Or Your Life, Joe Dominiguiz
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Old 09-01-2014, 02:17 PM   #45
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I try to live by YOLO, but not in that crazy spend everything do 50 lines of coke while base jumping over a pit of sharks with laser beams on their heads in order to defuse the nuclear bomb rubix cube puzzle and save the president from Atlantean terrorists (surely I'm not the only one with friends who do this ).

If you get too focused on saving money you miss out on life, but if you don't focus on saving money somewhat you'll never get to be free to experience life like you want. Sure it may be more expensive going out with friends than staying in watching netflix but hey, you only live once so go out, have a beer, and enjoy a night with friends within a reasonable budget! Besides it reminds me of a radio commercial I heard once, nobody ever had a great story that started with "remember that time we stayed in for the night?"
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Old 09-01-2014, 02:22 PM   #46
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Staying in can be a lot of fun with the right partner


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Old 09-01-2014, 04:54 PM   #47
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.... Besides it reminds me of a radio commercial I heard once, nobody ever had a great story that started with "remember that time we stayed in for the night?"
And that reminds me of my favorite ending to so many great stories: "Hold my beer and watch this!"
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Old 09-01-2014, 05:21 PM   #48
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Old 09-01-2014, 07:50 PM   #49
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Its a (nominally) free country, so YOLO it up if that is your idea of a good time. The problem is that too often these induhviduals create problems for themselves and then expect everyone else to pay for it. Who got bailed out/could strategically default when house prices crashed: the no money down leverage to the hilt crowd, or people like me that put 20% down, took a 15 year mortgage and paid extra every month on top of that? I took it in the ass while the YOLO crowd walked free. So YOLO away, but stay the hell away from my checkbook.
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Old 09-01-2014, 08:31 PM   #50
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Ditto Brewer


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Old 09-02-2014, 01:22 AM   #51
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So YOLO away, but stay the hell away from my checkbook.
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Old 09-03-2014, 01:29 PM   #52
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Its a (nominally) free country, so YOLO it up if that is your idea of a good time. The problem is that too often these induhviduals create problems for themselves and then expect everyone else to pay for it. Who got bailed out/could strategically default when house prices crashed: the no money down leverage to the hilt crowd, or people like me that put 20% down, took a 15 year mortgage and paid extra every month on top of that? I took it in the ass while the YOLO crowd walked free. So YOLO away, but stay the hell away from my checkbook.
That's why I think it makes sense to take a YOLO approach at some point. Let someone else cover you for the fat tail events, since we're all covering the slightly less than fat tail scenarios of others.
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Old 09-03-2014, 02:17 PM   #53
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That's why I think it makes sense to take a YOLO approach at some point. Let someone else cover you for the fat tail events, since we're all covering the slightly less than fat tail scenarios of others.

Actually, I have come to the conclusion that everyone else is crapping down the town well, so I am going to stop hiking to the next county to relieve myself. I will take whatever I can legally get (Obamacare subsidies, legal tax structuring, etc.).
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Old 09-03-2014, 02:42 PM   #54
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Actually, I have come to the conclusion that everyone else is crapping down the town well, so I am going to stop hiking to the next county to relieve myself. I will take whatever I can legally get (Obamacare subsidies, legal tax structuring, etc.).
Welcome to the party, and enjoy your nice cup of "cucumber" water from our town well! YOLO, right?
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Old 09-03-2014, 02:45 PM   #55
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This is also known as The Tragedy of the Commons.
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Old 09-03-2014, 02:48 PM   #56
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Welcome to the party, and enjoy your nice cup of "cucumber" water from our town well! YOLO, right?
I prefer to drill my own metaphorical well and keep a water filter handy. And I ain't sharing.
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