Those who are gonna get something from their parents when they die are better off than we ..the ones who won't get anything. Many canadian born guys get houses and other staff so they don't have to worry too much ( I see that scenario at work), for the rest of us...work now or work harder when older., cat food must suck.
True
But most of us will be near retirement ourselves, before we see any inheritance from our parents, anyway (assuming our parents had us in their 20's, as most) So it won't really do much in our youth years......... it will help us in our retirement years though
(I think I just changed my financial planning)... dark, I know
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INVEST!!!!!! This will allow you both; money to spend now; and money to spend in the future. It's pretty simple!!
Not really If you invest it NOW, you can't spend it NOW, and vice versa Unless you know a trick how to do both with the same money, at the same time I'd like to know it
-- Edited by Dogo at 20:28, 2006-08-16
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I'm all for ENJOY NOW!!!!... cuz tomorrow may never come... sure.. yeah! save for that dream house and dream car and dream blah blah blah but make sure u enjoy ur life today cuz the future u may change but the pass may stay the same... I perfer telling my grandchildren why old granny lives in a lil white house w/ no sence of decoration (no offense to anyone) than telling them i live in this mansion cuz when i was young i was sour and i have no life!i mean... I look at my tata and he is no rich, he lives good and everything but when i talk to him i always listen to a new story i haven't hear before so that reminds me that there is more to life than just working/studying and stuff....
-- Edited by Kary at 18:50, 2006-08-16
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Those who are gonna get something from their parents when they die are better off than we ..the ones who won't get anything. Many canadian born guys get houses and other staff so they don't have to worry too much ( I see that scenario at work), for the rest of us...work now or work harder when older., cat food must suck.
Overall I think an emphasis on saving is more beneficial for many reasons including some of the following.
- Money you save today is real money compared to future income which is hindered by taxes, interest rates, etc.
- Financial disagreements is one of the leading reasons of separation and divorce among couples.
- The risk of poor credit rating which could complicate your financial future.
- With the good comes the bad. Emergency costs could set you back a considerable amount of money.
I think it is worth the sacrifice and you are never too young or old to start.
Yeah, i suppose (I'm not completely sold on it though)
I guess it comes down to whether you make enough income to do both, comfortably (your "money don't make you happy" theory doesn't look so good now, ha? lol... jks) I, and most people, can't do both comfortably Hence the the question: Are we happier living a less than ideal life THROUGHOUT our lives? or would we be happier, in the end, if we had a great life through our youth years, and a "just ok" life in the "golden years"? I don't know the answer... and aparently no one else does either
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Julie wrote: No no, sorry, you got me wrong ! I meant for stage 0 to when their our of the house or at least with a job. After that they are on their own. I will NEVER pamper my kids to the point that I will provide for their outings when they are on age to work for it and all. Not that I won't do a little help here and there but I will certainly not be the bank NO SIR !
Then, as you say, the testamiento, or whatever you call it should be more than enough !
Hehehehe, awesome! That's what I'm gonna leave in my safe if by accident I do have kids. I'll be laughing all the way to the grave. too bad I won't be there to enjoy the moment.
See.. THIS I will not do (not even sure if you meant this for AFTER you pass)
I will save for their school, give them money if they need it, help them in everyway I can possibly afford, en VIDA There’s no way I’m saving MORE and putting it in an account, for them to have when I pass
My estate should be enough (at that time) for them to go on a nice vacation, get a new car, and upgrade their home (also, by then, my son ya las va tener bien “peludas” to fend off for himself)
Any “extra” money that I have while I’m retired and waiting to die, I’m blowing it on ME (and my spouse, if I have one at the time)
No no, sorry, you got me wrong ! I meant for stage 0 to when their our of the house or at least with a job. After that they are on their own. I will NEVER pamper my kids to the point that I will provide for their outings when they are on age to work for it and all. Not that I won't do a little help here and there but I will certainly not be the bank NO SIR !
Then, as you say, the testamiento, or whatever you call it should be more than enough !
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I'd rather have fun now then later, when i might not be able to enjoy life as much! You have to know how to manage your money. You can spend but also have some savings, because you never know when an emergency may come up and you might need the money. So i say, have FUN and enjoy while you can!!
Overall I think an emphasis on saving is more beneficial for many reasons including some of the following.
- Money you save today is real money compared to future income which is hindered by taxes, interest rates, etc.
- Financial disagreements is one of the leading reasons of separation and divorce among couples.
- The risk of poor credit rating which could complicate your financial future.
- With the good comes the bad. Emergency costs could set you back a considerable amount of money.
I think it is worth the sacrifice and you are never too young or old to start.
Dogo wrote:
Quixote wrote:
Firstly I disagree with the assumption is that you need to spend money in order to 'enjoy' life. While some luxuries require money in order to obtain pleasure, they certainly are not necessary in order to 'enjoy' life.
That is a whole different thread. And I'm under no assumption that you need to spend money to enjoy life In fact the "funner" moments in my life have been when I've been broke or when I'm not spending any money at all On the other hand there are things I know I'd enjoy NOW as opposed to when I'm 65 (I have no intention of climbing to Machu Pichu at the ripe old age of 70! for example) And sadly, many of the other things that bring you joy DO require money
I agree with balance with an emphasis on financial planning. Proper management of money coupled with some creativity and respourcefulness will provide a more secure environment before and after one indulges in luxuries. After all, those moments of instant gratification are minute compared to the rest of your life.
... which could also end at the end of that "instant gratification" moment I'm not implying one should NOT plan their life, financially I'm saying: if putting so much emphasis on your financial future (an age where I'm not so sure you'd be able to "enjoy" it as much) puts many restrictions on the life you live TODAY (prime age) is it worth the sacrifice?
Dogo wrote: See.. THIS I will not do (not even sure if you meant this for AFTER you pass)
I will save for their school, give them money if they need it, help them in everyway I can possibly afford, en VIDA There’s no way I’m saving MORE and putting it in an account, for them to have when I pass
My estate should be enough (at that time) for them to go on a nice vacation, get a new car, and upgrade their home (also, by then, my son ya las va tener bien “peludas” to fend off for himself)
Any “extra” money that I have while I’m retired and waiting to die, I’m blowing it on ME (and my spouse, if I have one at the time)
I know.... best DJs in the T dot....
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Dogo wrote: Another question: Those who save... what do you save for, exactly? (besides your home) I mean just money that you "feel" you have to save. What is it for? (assuming you don't have a goal at the time)
Well, I don't have m own property yet so of course, tight now, my savings will go for that but i also want to think about my second youth, you know, around the 55 / 60 range ! Of course if I am still around. Cause I want to buy another house under the sun of a Central or South American country and spend time there.
I save as well for travel, buy what I want but not necesarily need :sorryforthespelling:and retirement. I would hate myself if I would not be able to enjoy those years after aa long hard work life.
Ohhhhhh, and of course for my child(ren), to be able to provide the most and the best I can for him/her/them. Not spoiling them ! I wasn't brought like that and can tell you that I will not do it any other way it was done wit me !
See.. THIS I will not do (not even sure if you meant this for AFTER you pass)
I will save for their school, give them money if they need it, help them in everyway I can possibly afford, en VIDA There’s no way I’m saving MORE and putting it in an account, for them to have when I pass
My estate should be enough (at that time) for them to go on a nice vacation, get a new car, and upgrade their home (also, by then, my son ya las va tener bien “peludas” to fend off for himself)
Any “extra” money that I have while I’m retired and waiting to die, I’m blowing it on ME (and my spouse, if I have one at the time)
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PRECIOSA wrote: I SAY GO NUTS...THE FUNNY THING IS I'M DOING THINGS BACKWARDS...WHEN I WAS A YOUNG YOUTH I WAS SAVING MONEY...WORKING ALL THE TIME TO TRY TO BETTER MYSELF (i see nothing has changed)...IT ALSO HAD ALOT TO DO WITH FORCE...BUT NOW...I'M THE OPPOSITE, I NEED AND HAVE TO ENJOY MYSELF...IF I LIKE SOMETHING I'LL BUY IT WHEN I WAS YOUNGER IF I LIKED SOMETHING I WAS DOING THE PARENTAL THING "DO I REALLY NEED THIS" BUT WHAT THE HELL I ONLY LIVE ONCE I SAY NOW...I KNOW HOW TO CONTROL MYSELF THOUGH...I KNOW WHEN BILLS HAVE TO BE PAYED AND I DO SAVE ON THE SIDE... SO I SAY WHY NOT...LIVE IT...IF YOU HAVE IT...
speaking of "nuts".....
I agree w/ muh cucumber diva.... I say go nuts too...
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Firstly I disagree with the assumption is that you need to spend money in order to 'enjoy' life. While some luxuries require money in order to obtain pleasure, they certainly are not necessary in order to 'enjoy' life.
That is a whole different thread. And I'm under no assumption that you need to spend money to enjoy life In fact the "funner" moments in my life have been when I've been broke or when I'm not spending any money at all On the other hand there are things I know I'd enjoy NOW as opposed to when I'm 65 (I have no intention of climbing to Machu Pichu at the ripe old age of 70! for example) And sadly, many of the other things that bring you joy DO require money
I agree with balance with an emphasis on financial planning. Proper management of money coupled with some creativity and respourcefulness will provide a more secure environment before and after one indulges in luxuries. After all, those moments of instant gratification are minute compared to the rest of your life.
... which could also end at the end of that "instant gratification" moment I'm not implying one should NOT plan their life, financially I'm saying: if putting so much emphasis on your financial future (an age where I'm not so sure you'd be able to "enjoy" it as much) puts many restrictions on the life you live TODAY (prime age) is it worth the sacrifice?
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Jaime Cruz wrote: Ya it's a great idea to have money set aside like Julie says for when you have kids.
It's a bad, bad idea! If you set money aside for them you're just spoiling them. Make them work hard since day one, I always say. Que sepan lo que es ganarse la vida. Quería nacer, no? Ahora se chinga. Yeah, it's a good thing I'm not planning on having kids.
THE FUNNY THING IS I'M DOING THINGS BACKWARDS...WHEN I WAS A YOUNG YOUTH I WAS SAVING MONEY...WORKING ALL THE TIME TO TRY TO BETTER MYSELF (i see nothing has changed)...IT ALSO HAD ALOT TO DO WITH FORCE...
BUT NOW...
I'M THE OPPOSITE, I NEED AND HAVE TO ENJOY MYSELF...IF I LIKE SOMETHING I'LL BUY IT WHEN I WAS YOUNGER IF I LIKED SOMETHING I WAS DOING THE PARENTAL THING "DO I REALLY NEED THIS" BUT WHAT THE HELL I ONLY LIVE ONCE I SAY NOW...I KNOW HOW TO CONTROL MYSELF THOUGH...I KNOW WHEN BILLS HAVE TO BE PAYED AND I DO SAVE ON THE SIDE...
Dogo wrote: Another question: Those who save... what do you save for, exactly? (besides your home) I mean just money that you "feel" you have to save. What is it for? (assuming you don't have a goal at the time)
Well, I don't have m own property yet so of course, tight now, my savings will go for that but i also want to think about my second youth, you know, around the 55 / 60 range ! Of course if I am still around. Cause I want to buy another house under the sun of a Central or South American country and spend time there.
I save as well for travel, buy what I want but not necesarily need :sorryforthespelling:and retirement. I would hate myself if I would not be able to enjoy those years after aa long hard work life.
Ohhhhhh, and of course for my child(ren), to be able to provide the most and the best I can for him/her/them. Not spoiling them ! I wasn't brought like that and can tell you that I will not do it any other way it was done wit me !
Ya it's a great idea to have money set aside like Julie says for when you have kids. I wanna have enough to know that I will never be too broke to give my child something he/she needs. Not spoiling them like Julie says, but giving them a good childhood.
Dogo wrote: Another question: Those who save... what do you save for, exactly? (besides your home) I mean just money that you "feel" you have to save. What is it for? (assuming you don't have a goal at the time)
Well, I don't have m own property yet so of course, tight now, my savings will go for that but i also want to think about my second youth, you know, around the 55 / 60 range ! Of course if I am still around. Cause I want to buy another house under the sun of a Central or South American country and spend time there.
I save as well for travel, buy what I want but not necesarily need :sorryforthespelling:and retirement. I would hate myself if I would not be able to enjoy those years after aa long hard work life.
Ohhhhhh, and of course for my child(ren), to be able to provide the most and the best I can for him/her/them. Not spoiling them ! I wasn't brought like that and can tell you that I will not do it any other way it was done wit me !
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Dogo wrote: Another question: Those who save... what do you save for, exactly? (besides your home) I mean just money that you "feel" you have to save. What is it for? (assuming you don't have a goal at the time)
I ask myself this often. I have no desire for possessions. I'm like a bird, I wanna fly away I don't need a beautiful house. I just need a place to rest and do my **** (literally ). The only reason that I could think of now to motivate me to buy a house is getting as far away as possible from my MIL.
I'm fine without a car. I could really use one to get from point A to point B faster but I don't need one.
So... hmmm... what do I need money for now? Just for school, really. That's the only reason why I would save.
From my paycheque, a percentage goes directly into my savings account, and I live my 2 weeks with the rest, as if I didn't have the other money. However, when I've needed it badly (new guitar, trip to Vancouver, trip to Chile) i took it.
I also have investments locked in the bank....so i guess my philosophy is to build several "lines of defense" with money, that was I should always have "a little more" in case of need.
Firstly I disagree with the assumption is that you need to spend money in order to 'enjoy' life. While some luxuries require money in order to obtain pleasure, they certainly are not necessary in order to 'enjoy' life.
I agree with balance with an emphasis on financial planning. Proper management of money coupled with some creativity and respourcefulness will provide a more secure environment before and after one indulges in luxuries. After all, those moments of instant gratification are minute compared to the rest of your life.
Dogo wrote: Another question: Those who save... what do you save for, exactly? (besides your home) I mean just money that you "feel" you have to save. What is it for? (assuming you don't have a goal at the time)
Child support
I just really save to cover rent or any expenses if I get fired for being on foro or get laid off.
Balance is best, obviously But one takes away from the other, of course (you can't spend the money you save)
wondering on which of the two one should put more emphasis on
Not necessarily ... I mean I'm not saving to the point I can't touch the money if need be ... but there MUST be a major NEED!
Althought, I do have some money locked in RRSP or whatever that the bank won't let me touch because it's locked and I transferred it from a health plan I had with my old employer ... but I'm sure there is a backdoor and I can take it there must be!!! just don't know how to do it
Well, I'm saving up 'cause I want a HOME! I wanna invest in property ... and for emergency purposes ... I mean if I spend all my money with the idea that I can die tomorrow then when I'm 50 will I still be living with parents or having to depend on someone or living with debts
I'm an instant gratification kinda girl. The life of the grasshopper is better suited for me. You only live once. Nobody knows what tomorrow will bring. Sowing the seeds of love. Make love, not war. No point in saving up for things that may never happen. Note to self: look for your perfume. Ok, yeah so... what if we all die tomorrow, then what? What are we taking with us to our death beds but our memories - and who knows if we will even take that? Oh and what if you develop some kind of sickness or whatever that doesn't allow you to enjoy your hard earned money - that would suck major ass. So yes, blow it all of now. We can only be certain of the moment. In case you haven't noticed, I don't feel like stringing my thoughts today so let me save you the trouble and write for you "lo que?"
Another question: Those who save... what do you save for, exactly? (besides your home) I mean just money that you "feel" you have to save. What is it for? (assuming you don't have a goal at the time)
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SAVING IS GOOD BUT WT IF YOU DIE TOMORROW??? I HAD FEW FRIENDS THAT DIED AT A YOUNG AGE. I HAVE ALWAYS SPEND TO MY LAST PENNY BUT I'M ALWAYS FOCUS WHEN I NEED TO MAKE MONEY. I LIVE A GREAT LIFE AND I ENJOY ALL DA LUXURIES MY MONEY BUYS. THE FUTURE IS NOT AND OPTION. MONEY GETS WASTED NOW!!!
I'm an instant gratification kinda girl. The life of the grasshopper is better suited for me. You only live once. Nobody knows what tomorrow will bring. Sowing the seeds of love. Make love, not war. No point in saving up for things that may never happen. Note to self: look for your perfume. Ok, yeah so... what if we all die tomorrow, then what? What are we taking with us to our death beds but our memories - and who knows if we will even take that? Oh and what if you develop some kind of sickness or whatever that doesn't allow you to enjoy your hard earned money - that would suck major ass. So yes, blow it all off now. We can only be certain of the moment. In case you haven't noticed, I don't feel like stringing my thoughts today so let me save you the trouble and write for you "lo que?"
It's really tough question because tommorow really is never promised.
I say enjoy and save up even if it's a little. You should never have $0.00 in your account.
I think it also depends on what you do for a living. If you have a guaranteed job where you know you will always have work than why not just spend and enjoy.
I myself am not that lucky. I work in Travel and this industry could go belly up at anytime, so I save am ready for a worst case scenario.
That isn't as bad as having - $8.50 ... With $8.50 you can go on a shopping spree at the dollar store
It's really tough question because tommorow really is never promised.
I say enjoy and save up even if it's a little. You should never have $0.00 in your account.
I think it also depends on what you do for a living. If you have a guaranteed job where you know you will always have work than why not just spend and enjoy.
I myself am not that lucky. I work in Travel and this industry could go belly up at anytime, so I save am ready for a worst case scenario.
Our youth years are our "best" years (arguably, I suppose)
Are we better off saving our money NOW (not take that extra vacation, not spend on our hobbies, a boat, a cottage, etc) as much as we possibly can, so that we can enjoy it when we retire, likely at 60, 65? When really... we can’t do or enjoy a whole lot because, let’s face it, we’ll be too OLD to enjoy anything that we could enjoy in our youth!
OR, are we better off NOT saving so much and enjoying and spend during the "best years of our lives" when we really WILL enjoy it?
Discuss
Wow!! I think you can do both ... At the moment I'm saving all I can as I no longer have debts
And if I would have listened to my parents (can't believe I'm saying this) but it's true ... I mean if at 17 when I got my first job I would have saved have my pay and wasted the other on a monthly basis I may have been much better off ... who knows, but no regrets ...
But I do that now, a save some and spend when i need too or when i want to the rest
Our youth years are our "best" years (arguably, I suppose)
Are we better off saving our money NOW (not take that extra vacation, not spend on our hobbies, a boat, a cottage, etc) as much as we possibly can, so that we can enjoy it when we retire, likely at 60, 65? When really... we can’t do or enjoy a whole lot because, let’s face it, we’ll be too OLD to enjoy anything that we could enjoy in our youth!
OR, are we better off NOT saving so much and enjoying and spend during the "best years of our lives" when we really WILL enjoy it?
Discuss
I think that if you strategize properly, you can have the best of both worlds. Sometimes people get too caught up in the whole "let's not spend $20 today because we'll need them for a bill next week". Everyone has bills and debts (some of us more than others), but I think it's good to spoil your loved ones and yourself a little bit more. You obviously cant blow all your money on fun, fun, fun and put the important stuff on the back burner. I think balance is everything.
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It's really tough question because tommorow really is never promised.
I say enjoy and save up even if it's a little. You should never have $0.00 in your account.
I think it also depends on what you do for a living. If you have a guaranteed job where you know you will always have work than why not just spend and enjoy.
I myself am not that lucky. I work in Travel and this industry could go belly up at anytime, so I save am ready for a worst case scenario.
Our youth years are our "best" years (arguably, I suppose)
Are we better off saving our money NOW (not take that extra vacation, not spend on our hobbies, a boat, a cottage, etc) as much as we possibly can, so that we can enjoy it when we retire, likely at 60, 65? When really... we can’t do or enjoy a whole lot because, let’s face it, we’ll be too OLD to enjoy anything that we could enjoy in our youth!
OR, are we better off NOT saving so much and enjoying and spend during the "best years of our lives" when we really WILL enjoy it?
Discuss
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, cat food must suck. 
sure.. yeah! save for that dream house and dream car and dream blah blah blah 
but make sure u enjoy ur life today cuz the future u may change but the pass may stay the same... I perfer telling my grandchildren why old granny lives in a lil white house w/ no sence of decoration (no offense to anyone) than telling them i live in this mansion cuz when i was young i was sour and i have no life!
i mean... I look at my tata and he is no rich, he lives good and everything but when i talk to him i always listen to a new story i haven't hear before so that reminds me that there is more to life than just working/studying and stuff....
Roses are red violets are korny, when I think of you Ohh baby I get horny...
Yeah, it's a good thing I'm not planning on having kids.
I'm like a bird, I wanna fly away 
). The only reason that I could think of now to motivate me to buy a house is getting as far away as possible from my MIL. 
