Below is the example I am currently thinking over:
I am currently saving a lot. However, I also want to purchase group exercise classes and acquire some nicer clothes more quickly instead of laying out the purchases over a long period of time. Clearly these are both things I can live without.
I would prefer to have $500k net worth as soon as I can. I ran an analysis for both scenarios, and essentially I would have $500k at age 35 if I continued saving aggressively, or I'd have $500k at age 36 if I loosened up a little bit. In your perspective, should this 1 year difference be enough to dissuade me from extra spending?
vs
Submitted August 28, 2017 at 10:39AM by ShineMagical http://ift.tt/2giCkJ0
