Is lifestyle creep a meme? What is the point in just hoarding money if you're not going to spend it to improve your life?
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 Ape Out Shirt $21.68 |
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Is lifestyle creep a meme?
Is lifestyle creep a meme? What is the point in just hoarding money if you're not going to spend it to improve your life?
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Ape Out Shirt $21.68 |
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I am spending it, on XRP.
Yeah, it's 100% a meme. As long as your expenses are covered, you are not in debt, and you have an emergency fund, you should be investing most of your money. Uninvested money does you no good. The entire US economy, for example, is built around driving consumer spending rather than saving.
I think OP means you should spend your money and enjoy life.
tbh I enjoy investing so idk if that's lifestyle creep
Spent money is invested money.
then what is saved money
Life is about accumulating "enjoyment points" (EP).
You can measure someone's success in life based on how many EP they accumulated before they died.
Each activity we do in life has a certain amount of EP per second (EP/s); highly enjoyable activities have high EP, default resting can have low to high EP/s depending on how comfortable you are (are you resting in a shack or in your mansion), while torturous activities would have negative EP/s (eg. literally getting tortured).
Having money can give you access to higher default EP activities; for instance, if you're eating delicious michelin-tier (expensive) recipes this would have a higher EP than eating rice and sardines.
So to have access to higher EP activities we invest our time into low/negative-EP activities (eg. waging; studying so we can have access to better wages).
You can also delay spending your money for some moderate-EP, in exchange for investing your money to get more money in the future which will give you access to higher-EP in the future.
The caveat to investing is that you don't know when you'll die, which is when your EP is totalled. So you have to do risk-management and put aside some investing to accumulate EP NOW so you don't die with low-EP count.
this is the most accurate representation of thoughts in my head about all that
Based hedonist explanation.
There's a bit more beyond just EP but it's pretty good. Accumulating property can also be a valid goal, as well as increasing offspring. Those three things (pleasure, property, offspring) are, as far as I can tell, the only three categories of goals one can have in life. Everything falls under that (religion falls specifically under pleasure or EP).
>What is the point in just hoarding money if you're not going to spend it to improve your life?
This falls under accumulating property. Property can be used to accomplish goals in life OTHER than increasing your own pleasure. For instance, to give to offspring to help them increase their own offspring. And as the hedonist said, you can stock up property now to enjoy more later. Personally I sacrificed my 20s to earn enough money to retire in my 30s, which I did, and I'm living much much better now than I would have overall if I'd worked less hard and had to keep working at my current age. Of course if I had died at 29 I would have been really pissed in my final moments that my investments were getting rugpulled.
I’ve creampied 170 Thai hookers and fricked 50 girls before that and I’m only 33 so my EP is great
100% VTSAX in my Roth IRA
>I’ve creampied 170 Thai hookers
That's nothing to brag about.
wow you have an impressive body count but my $spurdo gains can buy me 60x the amount of thai hookers you've banged so there's that $spurdo is the future of currency it will 1000x if not by tomorrow then some other day i'm pretty certain i don't even need to be a financial genius to predict that i'll be so rich the thai hooker won't even need to be thai she can be literally any person on earth
>The entire US economy, for example, is built around driving consumer spending rather than saving.
If the Federal Reserve didn't operate the fricked up way that it does, then in a free market of currency the savings rate would be balanced out automatically with consumer spending. When you save $$$ in a bank, the bank would then loan that money out to others who intend to spend it. If people save more, then the bank has more to loan out, so consumer spending goes up.
But the Feds run a screwy system, so it doesn't really work that way.
I don't see anything wrong with spending some % of your income on life and entertainment.
Why would it be wrong to spend 10k a month if you're earning 100k for example?
Because your life is not going to necessarily be 100x better than spending $100 dollars on entertainment. If you like to spend all of your money on diminishing returns then you could have just become a HiFi boomer
I spend almost nothing
I will try to get rich to spend the same amount.
Number go up.
>What is the point in just hoarding money if you're not going to spend it to improve your life?
You can do this, but you also need to increase your emergency fund and retirement investments.
Most irresponsible dipshits just spend it all. They also do extra dumb shit like buying bigger houses, more expensive cars, and other things which increase their monthly payments. This ends up increasing their financial risk because now if they lose their job, they are even more screwed than before.
they will lead (You) in new perfect world
>What is the point in just hoarding money if you're not going to spend it to improve your life?
for money to make you even more money, so you don't actually have to work
Why was I saving so much more money when I was single?
At some point you are simply financially independent and then any extra passive income you get increases the quality of your life. Prior to financial independence I suppose lifestyle creep might be real though. As a trust fundie I wouldn't really know
Its definitely not a meme
Why do you think 60% of six figure earners in the US live paycheck to paycheck, because their consooming increased with their pay, suddenly they need two teslas and a nanny, poof paycheck gone