This is why I don’t agree with the moneybro Redditors who seem to want you to put every penny into investing for retirement or working aggressively to pay down student loans or your mortgage…leaving little money to use for day to day enjoyment.
We have absolutely no idea how long we will live. I think there’s a healthy balance between investing for the future and enjoying the now.
You need enough of a nest egg in case you live to 130 - but odds are you will live to just under 80 like everyone else so that should be the majority of your planning. (unless you have a specific family history/genetics).
This is why I don’t agree with the moneybro Redditors who seem to want you to put every penny into investing for retirement or working aggressively to pay down student loans or your mortgage…leaving little money to use for day to day enjoyment.
We have absolutely no idea how long we will live. I think there’s a healthy balance between investing for the future and enjoying the now.
You need enough of a nest egg in case you live to 130 - but odds are you will live to just under 80 like everyone else so that should be the majority of your planning. (unless you have a specific family history/genetics).