Exactly what I’ve been trying to avoid.mikejuss wrote: ↑Tue Mar 30, 2021 9:41 amThen you've answered your own question (and a good answer it is): save your money.Tingting1013 wrote: ↑Tue Mar 30, 2021 9:33 amFor Bogleheads who take more joy in saving than spending, it shouldn’t seem odd at all.mikejuss wrote: ↑Tue Mar 30, 2021 9:30 amWith all due respect, it seems odd that a person wouldn't know how to spend his own money. It doesn't take much imagination. Or is there a particular product, or a genre of product, that you're thinking of investing in and are unsure about?Tingting1013 wrote: ↑Tue Mar 30, 2021 9:00 amI don’t see any difference between my thread and these threads:
What lifestyle creep made you happier?
What is the BEST thing you spent money on?
Except for a higher barrier to entry
Let me lay it out more explicitly for you.
I save $300k per year. Not because I need to or want to but because I don’t know what to spend it on. Every day that money sits in the bank / investments is a day of lost utility - it could have been spent on something I enjoy, but how would I know what I would enjoy buying if I’ve never bought those things before?
This is the same motivation as the two threads I’ve linked to above, but again, with a higher entry point.