I'm always amazed at some of the members of this forum who take very low (<1%) WR when they could easily triple or quadruple it SAFELY. You can't take it with you so why leave so much $$ behind? One only gets a single go around in life.
I'm always amazed at some of the members of this forum who take very low (<1%) WR when they could easily triple or quadruple it SAFELY. You can't take it with you so why leave so much $$ behind? One only gets a single go around in life.
I think one reason people do it is because they are fearful about the future, and spending less now
Another reason is old LYBM habits and not being comfortable spending more. And many don’t see a reason to.
Others are fine with passing excess on to heirs.
Another reason is old LYBM habits and not being comfortable spending more. And many don’t see a reason to.
I'm always amazed at some of the members of this forum who take very low (<1%) WR when they could easily triple or quadruple it SAFELY. You can't take it with you so why leave so much $$ behind? One only gets a single go around in life.
I'm always amazed at some of the members of this forum who take very low (<1%) WR when they could easily triple or quadruple it SAFELY. You can't take it with you so why leave so much $$ behind? One only gets a single go around in life.
I would guess that the newer trucks have better safety (more air bags in more places) as well as much better headlights, and of course, better connectivity with your phone and maybe built-in gps. Nothing you'd have to have, but undoubtedly they also have a much nicer ride!My pickup truck is 16 years old and I could write a check for a well-equipped new one, but why? There isn't a darn thing wrong with the one I have and other than a few bells & whistles I can't think of anything a new one would do that the current one can't do.
I am on track to spend 0.53% this year which I agree, is just plain ridiculous.I'm always amazed at some of the members of this forum who take very low (<1%) WR when they could easily triple or quadruple it SAFELY. You can't take it with you so why leave so much $$ behind? One only gets a single go around in life.
Yup. All fixed.LOL I don’t own a pickup truck and I’m darn well planning to buy a new SUV soon and I really want all those safety features plus comfortable seats.
Walt34 has the old pickup that is enough for him.
We definitely need to do some driving, because we haven't settled on even which brand yet.I bought my last car w/o a test drive and sight unseen. Just ordered one up. I did sit in the previous year model though just to see if it was comfy.
Not guilty! We're been running 4-5% annually for the last 4 years. Presumably, we'd slow down in a down market. Now, just want to have fun while we have health, energy, and, yes, money!
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I am on track to spend 0.53% this year which I agree, is just plain ridiculous.
It is difficult to think of anything to spend it on, that would be of value to me. Spending money on cr*p that has no value to me, would just leave me feeling empty and sad. I have been poor earlier in my life and just can't bring myself to throw money away like that.
So anyway, this is why I pay close attention to threads like the Blow That Dough thread, and why I started that Amazon thread. I think, or at least hope, that spending money for pleasure is a learnable behavior. I don't like to travel, but despite that, surely there must be some way to spend money that has value to me. Sometimes I find something! Then, whether it is costly or cheap, I buy it. I was looking at the splurge thread and thinking about another new laptop. So, I browsed on Amazon but nothing jumped out at me, and my present laptop is still pretty nice and suitable for my needs.
As for extravagant gifts and gargantuan donations, I prefer to leave most of that sort of thing until after my demise. To me it makes sense for that money to be my emergency money until I croak, and it will be just as useful to loved ones and charities at that time as it would be now. Meanwhile my gifts are average, substantial but not over-the-top, and I leave it at that.
For me, its a 100% distrust of my government, i.e., our amazing national debt that keeps on growing. Since our leaders seem to be doing nothing about it, my only recourse is to keep my personal belt tightened for the inevitable reckoning. My SWR is almost zero. We rely on modest pensions that keep us comfortable.