Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
My question for discussion is- when or at what age does one stop being stingy and start "living"?

Set a goal. Occasionally reasess to see if the goal is still feasible or desirable. Once you reach the goal, then you can enjoy the benefits.

Saving just for the sake of saving is completely pointless.

For instance, a goal could be "Live year-round near the beach and not run out of money before I die, without having to use an annuity." It should be possible to calculate the price of beach-front property, taxes, living expenses, long-term care insurance, etc. The precise number will change each year.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.