May
So, do you think you’re (1) saving first to care about later or (2) spending first to earn more later? Are you more of (1) or (2)?
I think I'm more of (2).
Answer:
A fact of nature and life:
Sow first, reap later.
check out Robert Kiyosaki's books— the theme there is most people trade their cash for trash/ 'doodads'.
He advocates setting aside cash to make you cash in other words, invest. It will pay you many times over. Money saved is as good as money earned.
You choose: wave you dollar goodbye (spend)
or channel waves of money towards you (lend your cash out to bring in more returns). Who would be superior off through out their life? the player or the player for “keep, and keep, and keeping on” (Buffett-style)
Answer:
I'm definitely more of (1), because if you save first and invest it, you earn far more long term and can retire early to like it for longer.
If you spend it all and rely on working to earn money, instead of passive income from investments, you’ve to keep working for longer, and no matter how much you save, after about 30, you’ll never catch up to the person who invested early on, unless you earn several hundred thousand a year and save most of it. Also, if you lose your job, you're stuck. And if you have not got enough time to save enough to retire on, you're stuck with social security, which is a miserable way to grow old.
You should have a look at some savings calculators on the web.
Ideal wishes
Answer:
1- I like having an emergency fund and retirement $- there’s no guarantee what will happen down the line, but the more $ you have already saved, the easier it will be for you.
Answer:
I spend everything I have all the time, though I know (1) is the ideal case.
Answer:
a little bit of both…
have a budget that let's you’ve a little bit of both worlds…
that sounds good to me
Answer:
Spending first is a BAD idea.
Hint: Turtle vs hare
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