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I’m simply listing things that add up to most people’s “cost of living”. For the sake of this discussion - all the bills a typical 18-35 year old is paying.
If I owe $75,000 in student loans, where can I live such that it's less? Does my $6000 Visa balance go down if I move to Sioux City?
Personally i think this would be better given in assets, Perhaps start off with a small asset such as a piece of property/stock etc. and teach them how to manage it and grow from there. Giving a child too much money at once without an understanding on how to keep it, Isn't beneficial imho.
If Eddie's daughter is 1, what will 200K be worth 17 years from now? Will she or the majority of people living in low COL cities be able to retire on a Million dollars in 2084?
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,359 posts, read 8,595,177 times
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Quote:
Originally Posted by eddiehaskell
No I am simply able to create a “fun money” budget and that was an idea to have a little fun.
I completely get having money for fun. The point was you made big deal of money doesn’t equal happiness, yet here you are using money to obtain happiness. You already have a car, so buying a new car every year because you have what you perceive is enough to do what most people can’t just for enjoyment is clearly buying happiness.
See they hypocrisy?
I completely get having money for fun. The point was you made big deal of money doesn’t equal happiness, yet here you are using money to obtain happiness. You already have a car, so buying a new car every year because you have what you perceive is enough to do what most people can’t just for enjoyment is clearly buying happiness.
See they hypocrisy?
That’s not buying happiness. My happiness is unaffected by me driving or not driving those vehicles. In fact, I’m already sorta bored by that idea.
So what does mean? My fun money continues being invested until I find something worthy of spending it on.
I’d rather find an enjoyable way to start volunteering my time.
Plus I love my Prius...thought about restoring her seeing as she played a role in helping me own my time for the rest of my life (hopefully 50+ years).
I also like the idea of sorta being an undercover millionaire. I like to blend in and talk to people of all net worths.
That’s not buying happiness. My happiness is unaffected by me driving or not driving those vehicles. In fact, I’m already sorta bored by that idea.
Lame. If your happiness wasn’t impacted you would never have been considering the purchase of such expensive vehicles every year in the first place. You “got bored” with it most likely because it was an idea you were never going to be able to pull off in the construct you originally stated and you don’t have the ability financially to support the idea on what it would actually cost you .
Lame. If your happiness wasn’t impacted you would never have been considering the purchase of such expensive vehicles every year in the first place. You “got bored” with it most likely because it was an idea you were never going to be able to pull off in the construct you originally stated and you don’t have the ability financially to support the idea on what it would actually cost you .
It’s hard to believe that some people’s internal happiness is largely unaffected by spending money, right?
Perhaps it’s like a state of nirvana.
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