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Earlier quoted context omitted.
You’re reading too much into it.
Meaning you dont think it has anything to do with an inferiority complex or need to be special? I would call that more of a loose hypothesis than a firm theory. I am very much wondering why. That's just some speculation.
just jaq'ing off huh?
There's a crucial extra factor that isn't in the original article, but ought to be: Money's ability to buy great experiences decreases as you get older. I've seen this with beach vacations, road trips to see a favorite band, fast cars, ski trips, etc. Seize the moment, friend! What you can do NOW with that 10% slice will never exactly be on your possibilities map again.
Excellent point. You may have just talked me into retiring.
> What you can do NOW with that 10% slice will never exactly be on your possibilities map again.
Maybe not... but "once in a lifetime chances" come around more often than you think. You don't have to take every one right now. (As you get older, options narrow, as you said.)
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If you would prefer a bowl of Monkey Chow that's fine, but don't begrudge the rest of us our souls.
EDIT - I realize now that not everyone knows that Monkey Chow is a thing:
https://web.archive.org/web/20230102005704/https://www.angry...
https://www.sharpefarmsupplies.com/livestock/specialty-anima...
Earlier quoted context omitted.
Meaning you dont think it has anything to do with an inferiority complex or need to be special? I would call that more of a loose hypothesis than a firm theory. I am very much wondering why. That's just some speculation.
https://en.wikipedia.org/wiki/Just_Asking_Questions just jaq'ing off huh?
The mathematical answer is that if your interest rate is lower than the expected returns of some kind of portfolio you have, than you'll make more money investing.
But I like to bring up what Morgan Housel, author of the book The Psychology of Money, said on paying down his mortgage:
> It just increased our independence, even if it made no sense on paper. So that's another element of debt that I think goes misunderstood. And a lot of that for both of those points is this idea that people don't make financial decisions on a spreadsheet. They don't make them in Excel. They make financial decisions at the dinner table. That's where they're talking about their goals and their own different personalities and their own unique fears and their own unique skills and whatnot. So that's why I kind of push people to say like, it's okay to make financial decisions that don't make any sense on paper if they work for you, if they check the boxes of your psychology and your goals that makes sense for you. And for me, extreme aversion, what looks like an irrational aversion today, and I would say is an irrational aversion to debt, is what works for me and what makes me happy, so that's why I've done it.
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There's a crucial extra factor that isn't in the original article, but ought to be: Money's ability to buy great experiences decreases as you get older. I've seen this with beach vacations, road trips to see a favorite band, fast cars, ski trips, etc. Seize the moment, friend! What you can do NOW with that 10% slice will never exactly be on your possibilities map again.
A 10% tender offer isn't really an interesting discussion. You should take definitely take 10% off the table unless you're already pretty wealthy. The interesting discussion is how much you should take off the table if the offer is uncapped.
> The interesting discussion is how much you should take off the table if the offer is uncapped. 50% for security, let the remaining 50% run. We can spend countless hours modeling the risk and return delta of various percentages and against non correlated asset classes you might diversify into once liquid, but most of life is luck; you can do everything right and still lose. This makes it easy, imho. (not investing a…
ST:TNG fan? - That was an important lesson for me as a kid.
“It is possible to commit no mistakes and still lose. That is not a weakness; that is life.” - Picard