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09-29-2010, 11:47 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Live for today
I've decided I'll crank up the spending a bit. A <3% SWR seems too low when I think of the things that have happened to my friends lately.
1) A few weeks ago, the DH of a friend with brain cancer told us that "treatment isn't working, nature will take it's course". She is 54.
2) A few days ago, a good friend died while on a European vacation. He was 53.
I am a lot older than that. Firecalc suggests that even if I live to be really old, my kids will be really happy when the inevitable happens. Screw the kids, I am we are about fill the bucket.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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09-30-2010, 01:24 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,914
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I'm sorry to hear of your recent reminders of our mortality, kumquat. Life is so unpredictable - at least in the short term.
I struggle with the same thinking you are going through. Do I hold on in case I live a really long time or do I open the purse strings a bit and live now? I vacillate between the two schools of thought.
One thing that consoles me is that I've built in lots of back ups to my ER plan. With that in mind, I've been tending toward the open purse strings lately. DW and I just went to a "free" Senior fair and watched a cook-ware demonstration. She fell in love with the product and was hinting that she wanted to purchase a set. Though it's not in the "budget", I encouraged her to go ahead as she has never had a good set in her life. "If not now, when?" I asked her. (It wasn't cheap!)
By the way, we've more or less told our kids that we'll leave them a small token (if possible) but the rest goes to charity - if we don't spend it all which is our goal.
Let the good times roll!
Reminds me of my favorite version of the song by that name. Harry Nilsson died quite young (54??), so I think this song has an added urgency to it. YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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09-30-2010, 06:12 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Quote:
Originally Posted by Koolau
I'm sorry to hear of your recent reminders of our mortality, kumquat.
Let the good times roll!
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Ditto that!
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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09-30-2010, 06:17 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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Quote:
Originally Posted by kumquat
Screw the kids, I am we are about fill the bucket.
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Let me Google that for you:
"confronting ones mortality" - Google Search
Sample insight:
Quote:
Like virtually everything else in life, growing old has both an "Up" side and a "Down" side.
The "Down" side of aging is that the light at the end of the tunnel seems to get brighter and brighter each day. One's time on earth, thought to be infinite when young, becomes increasingly more fragile with the passing of years.
The "Up" side of liver spots is that what is important in life become clearer to you, and as a corollary, that which is unimportant loses its ability to influence. At times it is embarrassing for me to reflect on what I used to find concerning or worrying; life becomes simpler as the sand runs through the hourglass.
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__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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09-30-2010, 08:40 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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__________________
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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09-30-2010, 08:56 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Not sure. Unfortunately, we have pretty much everything we want. We're open to suggestions.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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09-30-2010, 09:11 AM
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#7
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Quote:
Originally Posted by kumquat
Not sure. Unfortunately, we have pretty much everything we want. We're open to suggestions.
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How about a nice trip this winter away from the frozen north. Want to meet up in Texas?
__________________
.
No more lawyer stuff, no more political stuff, so no more CYA
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09-30-2010, 09:13 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by kumquat
......... We're open to suggestions.
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Leisurely travel. I've never regretted a dime that I spent on travel. Spoil yourself with a customized trip.
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09-30-2010, 09:21 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Good suggestions.
If beer and BBQ are involved, count me in.
Quote:
Originally Posted by travelover
Leisurely travel. I've never regretted a dime that I spent on travel. Spoil yourself with a customized trip.
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I just got back from the Barret-Jackson auction in Vegas (maybe next time I'll buy something). Off to PV for a couple of weeks in November. Then??
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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09-30-2010, 09:49 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by kumquat
Not sure. Unfortunately, we have pretty much everything we want. We're open to suggestions.
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Imagine how fresh and pleasant your house would seem with new paint, new carpet, new landscaping... I'm spending around $10K renovating and fixing up my house and property to sell. Now, I am thinking, "Why didn't I do this before, so I could enjoy it?" I am thinking of doing all this before moving into my next house (if it needs it), plus putting in new appliances.
Do you need want a new car?
__________________
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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09-30-2010, 09:51 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Here's an old thread about what to spend money on....seems someone mentioned; sex, drugs and rock n' roll....
http://www.early-retirement.org/foru...ney-49360.html
__________________
There's no need to complicate, our time is short..
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09-30-2010, 10:15 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
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That is correct - the consensus was spend your money on experiences.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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09-30-2010, 10:26 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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Quote:
Originally Posted by kumquat
Not sure. Unfortunately, we have pretty much everything we want. We're open to suggestions.
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Donate to charity.
__________________
I purr therefore I am.
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09-30-2010, 10:57 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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Customized travel -ditto Nothing better than splurging on a private guide somewhere.
Spending on your hobbies, whatever they are.
Spending on your home
Those of us in the accumulation pre-FIRE stage also struggle with this--how much should we withhold on pleasure now to live later. The balance is individual. But I can say in our case, despite the cost of our boat, I know she's worth it to our present and future selves.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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09-30-2010, 11:13 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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09-30-2010, 01:32 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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..........
__________________
There's no need to complicate, our time is short..
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09-30-2010, 02:21 PM
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#17
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Quote:
Originally Posted by kumquat
Not sure. Unfortunately, we have pretty much everything we want. We're open to suggestions.
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I very much enjoy giving away money to causes and organizations and individuals.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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09-30-2010, 03:45 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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Quote:
Originally Posted by Khan
I very much enjoy giving away money to causes and organizations and individuals.
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This is one of the many things I admire about you Khan.
__________________
I purr therefore I am.
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09-30-2010, 05:48 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jun 2002
Posts: 1,637
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Quote:
Originally Posted by dex
That is correct - the consensus was spend your money on experiences.
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My wife and I have said this for years. We'd rather live somewhat modestly day to day and then splurge for a cruise, a nice vacation, a weekend in NYC going to plays, etc.
I've been reading more and more lately how "experiences" bring you more satisfaction than "stuff." I think my wife and I figured that out a long time ago.
__________________
friar1610
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09-30-2010, 07:58 PM
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#20
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Full time employment: Posting here.
Join Date: Jan 2010
Location: Smith
Posts: 743
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We have a good COLA'd pension, so we won't run out of money, but we decided that anything beyond that is getting spent. If we do this right, the kids won't get much when we go. My mom and dad have some money from inheritances (not millions or anything) and we have already determined that if they leave any to us, were going to spend it. You can't take it with you. Any money we give our kids will be given while we are alive so we can see them enjoy it.
Quote:
Originally Posted by kumquat
Not sure. Unfortunately, we have pretty much everything we want. We're open to suggestions.
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Bucket list! Make one and start tearing through it. I have all kinds of travel and experiences on it. Some pretty conventional, some not. How about Rock and Roll Fantasy Camp, Air Combat USA, or survival school (you know, like Survivorman)? They are on mine. I also have have stuff like drink in a real English/Scottish/Irish pub, enter a no-limit Texas hold'em tourny and take a swim in all four oceans (2 down). I even have go to a nude beach and go nude, but I have since done that. Life is short! You will regret the things you didn't do much more than trying something out of your comfort zone. You might just find you like it. We did and go to a nude resort every year, now.
Honestly, I came up with my list after a brush with death due to diverticulitis. Another few hours and my colon would have abscessed and then who knows? A friend drying suddenly at 47 just impressed the importance of it all the more. His wife is full of regrets over the stuff they never got to do. they thought they would have many happy years in retirement, but he died 5 years short.
Go crazy. If you want to buy something buy it. How about Corvette, a Harley, or a 55 Chevy? A grand piano? A kick-butt gaming computer, a home theater, an iPad? Buy something and do something new. Buy a boat and take up fishing or waterskiing or a guitar and learn to play (did that one too).
Even if you don't want to spend a lot of money, there are plenty of things you can do. But since you do, have fun!!
__________________
Retired July 4th, 2010 at age 43
Trout Bum, Writer, Full-Time Dad and Husband
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