91–100 of 322 posts
[0] https://en.wikipedia.org/wiki/Jacob_Lund_Fisker [1] https://archive.org/details/earlyretiremente0000fisk
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For sure it's more common for people not to save enough. But for people who are frugal and save diligently for most of their lives, there often comes a point where they cross a threshold where they have met all of their financial goals, and the "problem" is no longer how save money but to enjoy spending it. And this can be a real challenge for people who have built up deeply ingrained saving habits. My mother, for ex…
When I started driving my car had vinyl seats that you had to peel yourself out of on a hot day, a plastic steering wheel that you could barely touch when the sun was out, hand wound windows, fixed seat belts and a handbrake that barely worked. Even the cheapest car on the market feels luxurious now. In comparison the difference between a Toyota and a Lexus is marginal. Expensive cars are mostly about status signalli…
Uhm, only if you are counting the most basic utility, then you're right.
However if you actually enjoy driving (A->A driving), there is a HGUE difference and it's not just signaling. It's that you probably can't tell the difference, or don't care.
There is no comparison between driving a new Porsche or Bentley vs a new Toyota or even a Lexus.
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In the winter, I keep the thermostat at frigid temperatures when I am home alone and jack it up to warm just before any one else gets home. My thinking is that it is wasteful to warm up the entire house when it's just me since I can put on a sweater but I don't want to subject others to my, shall we say, quirks. I keep meaning to calculate how much I am actually saving by freezing my butt off. My guess is it'll work…
Depending on the kind of heating system you have and the temperature differences you talk about it can be cheaper to heat the house to a constant temperature (because your heating can run more efficiently under lower load).
I read this article 10 years ago by a guy named Ricky Yean who went to Stanford as an economically disadvantaged admit and couldn’t shake his poverty mindset and it cost him when he was running a startup. Why “few successful startup founders grew up desperately poor” https://rickyyean.com/2016/01/22/privilege-and-inequality-in... Poverty mindset is maladaptive because it teaches you only money is worth anything, so y…
The most helpful tool here, I've found, is maintaining a personal finances spreadsheet. It's one thing, without a spreadsheet, to have the emotion of "I'm not going to have enough and I need to save more to make sure I have enough." I'd argue it's even evolutionary; we want to make sure we have enough to get through the winter we know is coming. It's quite another when your spreadsheet shows you saved X, your monthly…
That is good if you can count on your cost of living being predictable. It's not for many people, even for relatively well-off ones: you may earn a lot for your area but being an immigrant without a permanent enough status in your current country, and your home country which you always have a right to return to may be unsafe or highly undesirable for whatever reason. So you need to consider the emergency of moving so…
It's not much different than a sales job where income can be highly variable, or go to 0 because the local market is dead.
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> The most optimal thing to do in our world is to pick an age, say, 60, and until your 60th birthday, maximize your suffering via frugality to just under the tolerable limit so as to maximize your potential for compound interest. This leaves you with the most freedom and opportunity during the most fun part of your life, when you no longer have to sell your labor and can do whatever you want. This is the most depress…
You don't have to act optimally according to the current system, I don't. My concern is many seem to try to act optimally without understanding how depressing the reality of its incentives are.
I don't think your advice is good "general advice" but if you treat it as a "this works for me, it might for you", then it might be worth reading.
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You know those Christmas cards that show a frosty twinkly white treescape? That climate will kill you even at -5C. People die on Ben Nevis every few years because they think its not that cold. But Scottish cold in that part of the world is brutal, there's so much moisture in the air that freezes if you get wet and cant quickly get dry you will die fast. Still, it's a beautiful part of the country.
If the relative humidity is 100%, then being wet won't make you colder: the water has to evaporate in order to cool you, and it can't do that at 100% relative humidity. The problem that high humidity cold causes is increased convection, and the problem being wet causes is the dramatic near-complete loss of the insulation value of many garments. There is a _lot_ of folk science about cold weather that is just plain wr…
Can you help me understand? How does higher relative humidity increase convection?
A wife is a useful thing to have in this respect, not because they tend to profligacy, but because this kind of thing is much easier to detect and fix in someone close to you than in yourself. Both my wife and I have lived frugal lives at various times[0] and I feel much happier with the degree of spending we have now. I'm reminded of the intelligent corvids in Adrian Tchaikovsky's Children of Memory where the sum of…
Just a reminder that since a couple of centuries ago in most Western societies, wives are not "things" anymore, but rather human beings on the same level as husbands.
It’s often more beneficial to bring an open mindedness to a conversation that allows for benign usage of words that could otherwise be intended to slight. Constantly worrying about if everyone is being sensitive enough can also just be exhausting. To everyone.
Most people in the US are pulled into living on credit straight out of school. You get a student loan, then a car loan, then a credit card, then a mortgage. You finance vacations, appliances, kitchen remodels, smartphones - mostly to keep up with friends and coworkers who finance their lifestyles too. A lot of people are in non-stop debt from the age of 18 to 55, if not longer. By most estimates, only about 10-20% of…
Having a credit card is like having a video game passive that makes everything permanently 2% cheaper. Everything should be put on a credit card for that discount as well as fraud protection provided you are disciplined enough to never ever ever ever ever ever carry a balance.
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When I started driving my car had vinyl seats that you had to peel yourself out of on a hot day, a plastic steering wheel that you could barely touch when the sun was out, hand wound windows, fixed seat belts and a handbrake that barely worked. Even the cheapest car on the market feels luxurious now. In comparison the difference between a Toyota and a Lexus is marginal. Expensive cars are mostly about status signalli…
>Expensive cars are mostly about status signalling Uhm, only if you are counting the most basic utility, then you're right. However if you actually enjoy driving (A->A driving), there is a HGUE difference and it's not just signaling. It's that you probably can't tell the difference, or don't care. There is no comparison between driving a new Porsche or Bentley vs a new Toyota or even a Lexus.