How much do you guys typically spend on a weekend trip to Japan? Total expenses. I see a lot of young couples my age traveling and I can never convince myself to part with spending more than $1000 over a weekend even though I make six-figures in tech.
Perhaps also an out-of-line question, do you guys not worry about your retirement? Like since I was in my first year of uni I had dreams of retiring at the age of 40-45. I’m saving every cent that I don’t absolutely have to spend and still it seems like I’m not saving enough. But then I see my peers going to Japan one weekend, Korea another, and then Europe. I am 28 and I just hit 6 figures last year. Am I behind in income for my age?
How much of your disposable do you typically end up saving per year? I save around 50% of my after tax income last year. My parents saved a much higher percentage when they were still working. Do people just not save?
Follow up question: I am saving up for my first rental property. Is this a goal of every young person or are there far better stores of wealth that I’m not aware of?
Here are what netizens think:
- Money is only yours if you can spend it…….no point saving up when you’re not sure when you’ll leave earth….have some fun enjoy life a bit …. work so hard dont enjoy whats the point of living…
- There needs to be a balance. Whilst planning for retirement is important, i do believe that living a reasonably enjoyable life (and not scrimping on this and that) is also key. What if we’re hit by a car or diagnosed with a debilitating illness tomorrow? Wouldn’t we regret not having enjoyed life a bit? Retirement saving is to insure us against outliving our savings, but enjoying life is to insure against a short life spent in misery.
- Practice FIRE. I enjoyed life & spent every single cent & never thought about marriage until mid 30’s then I started saving. Now retired or semi retired I would say, embark on a job to just earn enough to cover expenses …no more stress.