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What is the purpose of savings and assets?
11-17-2014, 07:09 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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What is the purpose of savings and assets?
Retirement
Early retirement
Rainy days, months, years -like bad health, job loss, divorce, children or grandchildren with important health problems
Being able to buy things you want
Being able to do things you want to do
Being able to refrain from doing things that are not attractive to you (like no need to use Costco, unless you happen to enjoy Costco)
Being able to afford better food
A more comfortable old age
Being able to help other people, including giving your children or grandchildren a leg up in life
Leaving bequests.
I'm sure there are many other things, but in reading the board I became aware that one thing I really appreciate is not having to always be trying to save money. Often, I would rather just do without something than take pains to get it. I see this as an extension of early retirement. Going to work isn't the only thing that can get to be a hassle.
I'm sure many of you have your own lists of what money is for.
Ha
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11-17-2014, 07:13 PM
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#2
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Administrator
Join Date: Apr 2006
Posts: 22,973
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Money is like my mother's fine china -- never to be used, but to be comforted in the fact that one has it in the cabinet, just in case someone important should come for dinner.
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Living an analog life in the Digital Age.
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11-17-2014, 07:16 PM
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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: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Sigh. Why must everything have a purpose? Can't it just "be"?
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Numbers is hard
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11-17-2014, 07:17 PM
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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: Jul 2006
Posts: 11,401
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Choice.
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11-17-2014, 07:24 PM
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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: Mar 2013
Location: Limerick
Posts: 5,638
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To work for me, so I don't have to.
Sent from my iPhone using Early Retirement Forum
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11-17-2014, 07:27 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,594
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Peace of mind... Which only increases when you reach FI.
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11-17-2014, 07:39 PM
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#7
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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Security
Sent from my iPad using Early Retirement Forum
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11-17-2014, 07:56 PM
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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: Feb 2013
Posts: 9,358
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For me it would be to allow more leisure time for shopping at Costco.
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11-17-2014, 08:09 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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"Two chicks at once"
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-17-2014, 08:39 PM
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#10
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 944
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It's great to be able to pay for my kids University and watch them grow so much while there. Fortunately they are both really working hard and have plans in place.
Feeling safe/prepared and sleeping well. This is better than what the dollars can purchase.
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Freed at 49. You only live once - live it
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11-17-2014, 08:52 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
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It creates conveniences!
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11-17-2014, 08:54 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,324
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I was convinced this was a post from imoldernu, until I saw that it had been posted by Ha. Quite a shock to the old system to see a post from Ha, written in a style that is not the norm for him.
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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11-17-2014, 09:21 PM
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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: Jul 2006
Posts: 11,401
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My theory is that imoldernu is channeling haha to post philosophical posts with lists.
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11-17-2014, 09:29 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,324
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I'm glad I'm not the only one who was thinking this
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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11-17-2014, 09:39 PM
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#15
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Recycles dryer sheets
Join Date: Jun 2014
Posts: 67
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Quote:
Originally Posted by Dash man
To work for me, so I don't have to.
Sent from my iPhone using Early Retirement Forum
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+1
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11-17-2014, 09:53 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: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,012
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Me too, and I'm pretty new here
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11-17-2014, 10:06 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,012
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Freedom, in its many forms.
The freedom to not feel anxious at work, no fear of being fired.
To be able to quit work if you want.
To be able to travel/holiday literally at the drop of a hat.
To shop where/when you want, rather than at the cheapest place in town on weekends.
To eat at restaurants when you want and not just for special occasions.
To move to a place you want to live, instead of living close to work.
To sleep in and not be concerned what time to wake up.
To forget what day it is in the week because it does not matter what day it is.
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11-17-2014, 10:16 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,324
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Oh go on then, I'll bite, but I'm afraid I won't be able to answer in a stream of consciousness/list format.
I started saving out of fear - the fear that if I didn't, I might end up one day living in a hovel eating cold beans out of a can. I simply wanted to make sure that I would always have the basic comforts and necessities - a roof over my head, food, clothing, and maybe a few small luxuries. Quite frankly, that is all I have ever wanted, and that is what my savings and assets provide for me now.
The weather has turned a bit windy and chilly recently, and my small, warm apartment, though basic by the standards of many in the first world, feels like a palace. My 3 cats are are well-fed and currently asleep, and next week, I plan to break out the hot cocoa and whiskey. Heaven
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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11-17-2014, 10:30 PM
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#19
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 233
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So I do not have to borrow.
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11-17-2014, 11:19 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Money buys freedom and it can also buy life itself.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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