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Doing it while "frugal" is one way. Doing it while living well, is a whole other thing. The notion of creating a pile of money that one doesn't enjoy, seems almost obsessive.
Doing it while "frugal" is one way. Doing it while living well, is a whole other thing. The notion of creating a pile of money that one doesn't enjoy, seems almost obsessive.
There should be some balance between enjoyment (whatever this means to an individual) and accumulation of wealth.
Doing it while "frugal" is one way. Doing it while living well, is a whole other thing. The notion of creating a pile of money that one doesn't enjoy, seems almost obsessive.
When your main form of entertainment is cutting wood, how much can you spend on saws, axes, files, and whetstones?
Maybe he bought his flannel shirts from L.L. Bean to splurge.
This gets back to a previous thread of being a “maximizer” or a “satisfier”.
Agree that a balanced goal should be focus on. Our goals is to enjoy the labor of investing throughout the years. Nothing fancy but having enough is good enough for us.
Edit: I would vote for Warren Buffet over Peter Lynch of Fidelity Magellan fund.
My primary "goals" for much of my working years was college fund, retirement fund, enjoying life, occasional splurging, generosity, not necessarily in that order. I find we accumulated more than "enough". Partly, because work-from-home extended my working years more than I planned initially.
Now the order is different, with splurging moving up a notch or two. It certainly helps that the kids are doing very well financially.
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and accumulation of wealth.
Maybe he bought his flannel shirts from L.L. Bean to splurge.
Agree that a balanced goal should be focus on. Our goals is to enjoy the labor of investing throughout the years. Nothing fancy but having enough is good enough for us.
Edit: I would vote for Warren Buffet over Peter Lynch of Fidelity Magellan fund.
Now the order is different, with splurging moving up a notch or two. It certainly helps that the kids are doing very well financially.
BTW- the new MFO has an "ignore" feature. Just sayin...