Bad Math

[JoeP]

I guess I can't be that optimistic. For one, I don't believe there will be social security or medicare anyway. Second, I am "only" 39 and I already don't want to be working....I certainly don't want to be working when I'm 70....

One of the depressing thoughts that sometimes crosses my mind is that by the time I can retire, my body/reflexes/mind might not be in the shape I'd like it to be in order to enjoy retirement activities. For example, we want to retire to a lake, and that will involve activities such as: putting in and taking out docks/hoists, working on boats, yard work, helping neighbors, etc.

I guess the balance will be working long enough to afford to live there, while retiring before I am unable to do these activities.

[Baby_nurse]

I tell my wife all the time that her parents only wanted a third son (since the first two were boys)... but instead, the next 9 were girls!

Fiends of my DH wanted a boy after 3 girls. They ended up having natural quadruplets - all girls. 7 girls under the age of 6!

[swapnil]

It is such a crazy decision to ruin the future of the kids just to purchase a boat as it is the Chepo's dream to have one and that too taking a loan for it, I have never seen or heard about such a crazy decision making of a parent to ruin the future of their own child. I bet both the Cheapo and wife doesnot have any sense of using money in a right manner.

[LivingAlmostLarge]

I guess I am worried that she will financially get into dire straits because she trusts her husband to make all the financial decisions without question. And honestly its just a bad idea ypo buy a $150k boat and consider it a vacation home and justify the expense as such.

Why?because the way they act about money and how much they make its insane. we make about double what they make and I still couldn't justify taking out a loan for a boat.

What happens if they take out a loan and then lose a job? Or something happens to their house or cars? Whose going to pay on true boat?their parents probably.

But what happens when their kids need help and they can't help them? Unlike how they expect their parents to bail them out!

[jpg7n16]

But a financial plan that assumes you'll live a long life is equally nonsensical if you die young. I've never seen a hearse pulling a trailer.

Nonsensical? Really? If I don't live as long as I plan, then I have the ability to give to others at my death.

It's called estate planning.

People have done marvelous works beyond their time with good estate planning. Ever heard of Alfred Nobel? http://www.nobelprize.org/alfred_nobel/


By saving a little bit, even if I save a bit too much, I'll have a good life for the rest of my days (however many God decides I should have), and then can give back - and make a difference.

By saving too little, you run out and become a burden to others, or live out your days with no dignity, or both.

The point is just as others have asked - "what if you don't die young? What if you're around a long time?"


This is just as dumb as someone saying "I don't need life insurance, because what if I live a long time? I'll just have wasted the money!"

[LivingAlmostLarge]

Another weird followup. I realized now what bothers me about her husband. He's selfish and I think he thinks about money only for him.

So we had dinner on Sunday for restaurant week with kids and yes it was planned. $38 for a three course meal. Cheapo paired his with wine for $50 or more i think, my friend had soda, my DH had a beer, and I had water. Then they ordered a kids meal, milk, and dessert for their three year old. We ordered our kid a meal and dessert.

Then when the dessert comes it's a $5 sundae, yeah it's not cheap, but hey knew you were coming out. Don't order it then. And it's a nice place and you are going to spend money. Anyway though he starts to complain about the price of the kids meal and dessert. I wanted to say "if you didn't order wine it'd be the same price as a kids meal." Okay so you can splurge for you but you whine about your kids?

And we talked about carseats and his attitude was "oh it's overkill. Why should we buy a new carseat for the second baby, we can just move their older daughter up and she'll be fine. Nevermind she isn't 4 or 40 lbs."

This time i pointed out a 5 pt harness distributes the weight better in a car accident. Second you rear face your kids because it's safer and they won't get whiplash. Nevermind that you want to flip them forward facing because you don't want to buy a bigger car or smaller carseat. Ugh. That irked me to no end. Money more than your kids safety.