Is there anyone here who has been retired for a while, getting up there in years, and realizing, "holy cow, I'm not spending near what I can"?
ER happens largely through savings and frugality. Both of those traits have been an abiding philosophy. It's part of the DNA of early retirees.
What happens when we've gotten older, realize there's no way we could ever spend down our nest egg (within reason), and then go balls out on a spending spree.
It would not be enjoyable. Frivolous spending would not create a greater happiness. I've seen it both ways: those who have lots of money, still living a frugal life, and those who realize time is short and it's time to spend, often on stuff that is not wanted.
ER happens largely through savings and frugality. Both of those traits have been an abiding philosophy. It's part of the DNA of early retirees.
What happens when we've gotten older, realize there's no way we could ever spend down our nest egg (within reason), and then go balls out on a spending spree.
It would not be enjoyable. Frivolous spending would not create a greater happiness. I've seen it both ways: those who have lots of money, still living a frugal life, and those who realize time is short and it's time to spend, often on stuff that is not wanted.