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Old 10-22-2017, 05:31 PM   #21
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3. Seeing money pile up is more fun than whatever fun I could have with it, aka SMGDS, aka Scrooge McDuck Gold Diving Syndrome.

There is something wrong with that?
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Old 10-22-2017, 05:44 PM   #22
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Quote:
Originally Posted by SecondCor521 View Post
Excessive safety over having some fun.

Right now my net spending is less than 1% of my FIRE stash.

I ask myself what am I saving it for, and currently the answers seem to be:

1. Protection against the next pullback - coming soon to a theatre near you - pushing my spending rate over 4%.

2. Having more money in case my kids' college ends up costing more than I have saved.

3. Seeing money pile up is more fun than whatever fun I could have with it, aka SMGDS, aka Scrooge McDuck Gold Diving Syndrome.
That's me too. I am budgeted for far more than I've actually been spending.

Two years ago was going to blow some bread on a thousand dollar guitar. Maybe even $1200. I ended bargaining myself down to a $600.00 model which I then purchased for $400.00 because it was on sale. Then Two months later I do my taxes and get $1000 refund! Now I'm stuck with the money

Four years ago I was going to get rid of my 20 yrs old Dodge Shadow and get a slightly used Cadillac or maybe a Lincoln Town Car. So, now I'm driving a top of the line with (almost) all the options Ford Focus. The front end arrives at destinations only fractions of a second later than a Cadillac would.
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Old 10-22-2017, 05:45 PM   #23
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Quote:
Originally Posted by Senator View Post
Ice cream and strippers.

I hate paying estimated taxes, but I plug my nose and do it.
I'm with you on the ice cream and the estimated taxes. Federal tax, state tax, sales tax, property tax, ALTERNATIVE MINIMUM TAX. Sometimes I feel like more money is going out in taxes than is coming in.

The lovely ladies however will have to supplement their income without my support. I'm sure they'll do fine - but I must wonder - do they pay their estimated taxes?
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Old 10-22-2017, 05:47 PM   #24
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Competitive shooting.
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Old 10-22-2017, 05:51 PM   #25
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DW and property. I’d very likely have twice the net worth if I’d stayed in apartments the last 10 years rather than buying a house at the market zenith. I’d likely have four times my wealth had I stayed single. Although I might’ve also been so miserable and lonely I would’ve ended it. So no regrets.
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Old 10-22-2017, 06:25 PM   #26
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Grand kids !
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Old 10-22-2017, 06:34 PM   #27
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Definitely travel but I figure as long as I keep all the bills paid and the WD rate under 3% I can do whatever I want with the money.
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Old 10-22-2017, 07:26 PM   #28
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I like cars, but have controlled that as Iím still driving an 07. Though if my wife keeps being open to the Tesla idea...
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Old 10-22-2017, 07:31 PM   #29
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Wine, women and song.

The rest I'll just waste.
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Old 10-22-2017, 08:03 PM   #30
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Mine is probably DS. Gave him $2k last year to fund a Roth IRA. During a visit he shows off his new tattoo which will be $1500 when it is complete. He did set up that Roth though. Still I am learning about unintended consequences. Money is a fungible item.

Grand dog ... cute phrase.
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Old 10-22-2017, 08:11 PM   #31
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Louie Vuitton bags.
Paper or plastic?
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Old 10-22-2017, 08:12 PM   #32
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Quote:
Originally Posted by MarieIG View Post
I'm with you on the ice cream and the estimated taxes. Federal tax, state tax, sales tax, property tax, ALTERNATIVE MINIMUM TAX. Sometimes I feel like more money is going out in taxes than is coming in.

The lovely ladies however will have to supplement their income without my support. I'm sure they'll do fine - but I must wonder - do they pay their estimated taxes?
I also allow blizzards, frosty's, cement mixers, shakes, malts, and custard (Culvers) to be considered ice cream.

I am guessing that very little gets claimed on the dancers tips.
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Old 10-23-2017, 06:41 AM   #33
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Shoes! Since I have had plantar fasciitis and a broken foot, I spend way too much on foot comfort.
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Old 10-23-2017, 07:02 AM   #34
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Real estate. I told myself I wanted to get out of the rental business. This past week we bought a New Jersey beach house which is the most expensive property weíve ever purchased. Rental income of $4000/week plus being able to use it ourselves for this newly remodeled home was just too tempting. Plus we need to contact an architect to plan an addition for a master bath and other modifications they didnít include in the remodel.
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Old 10-23-2017, 08:11 AM   #35
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Old 10-23-2017, 08:27 AM   #36
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Gadgets. Just ordered brushes that you can attach to your hand-held drill for scrubbing the shower.
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Old 10-23-2017, 08:28 AM   #37
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Iíve become a passive income junkie, canít get enough money that I donít work for
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Old 10-23-2017, 08:41 AM   #38
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Seems like the responses are a mixed bag of 2 (IMO) categories: things you can control, and things you can't control.

I'm not worried about spending I can control. My achilles heals are health insurance and possibly having to support an aging parent.
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Old 10-23-2017, 09:42 AM   #39
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Fear.
Greed.
DD2.
Pets.
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Old 10-23-2017, 09:42 AM   #40
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Really really nice hotels. I will book a shorter trip to stay 5 star.

And cats.
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