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Originally Posted by disneysteve
What is the point of all the saving, though?
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Hello Steve! The point of saving and investing your hard-earned money is to secure the future of yourself and your family. Saved money must go not for fun, ice-cream, nice foods, restaurants, movies and so on.
It is intended for investments that can pay back the money you have invested. For example, if you buy a 1 bedroom apartment for $100,000 and then rent it out, say, for $1000/monthly, in about 8 years you will get all your money you have invested, in this way, you can say, that you have bought 1 bedroom apartment for $0.
Quote:
Originally Posted by disneysteve
What is the point of all the saving, though?
Isn't the point of saving money now so that you have it to spend later? For example, we are saving money in a 529 plan for our daughter so that we can spend it later to help pay for her education. You could say we could save even more by not sending her to college.
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The situation with college education is quite different.
Society demands that. I mean college education.
Otherwise, I think that your daughter will be grateful when she receives the money (college money) when you invest it, and make say a million of bucks.
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Originally Posted by disneysteve
What is the point of all the saving, though?
Sure, we could save more money by never taking a vacation, but what fun would that be?
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Well, certainly, the situation I've described is impossible.
Everyone have to go somewhere, spend some money and so on.
But it had nothing to do with becoming rich and so on.
It has to do with becoming poor.
Spending means becoming not rich.
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Originally Posted by disneysteve
We've learned so much, seen so many wonders, made so many terrific memories and met some great people by traveling. Does that make us feel more fulfilled? It sure does.
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Well, that's great!
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Originally Posted by disneysteve
I think life would be pretty sad if we just sat at home all day saving every penny we could and never getting any enjoyment out of all of our hard work.
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It depends on what you want from your life I think.
If you want constant fun and party and drinks and girls and so on...
That would lead to nowhere. All IMHO.