We are somewhere between 30-40X and save about 2X per year, I have made a concerted effort the past couple years to increase spending on things that we enjoy. I wouldn’t say I’m a full on spender yet but have definitely been looser with the purse strings. My wife decided to get try one of my hobbies, we’ve probably spent $10,000 on getting her gear this year. We bought good quality to start and after she decided she liked it we’ve already upgraded some of it to higher end gear. However we’ve been in the same house 13 years, I’m driving a 10 year old truck and most of our clothes come from Costco so we haven’t splurged everywhere.
But I remain interested if anyone out there switched from saver to spender after reaching a sufficiently high portfolio value...?
The math does arguably support the idea of drawing a line at say 30X and just aggressively spending anything that exceeds...
I do a lot of house and car maintenance currently and she maintains all of the yard so none of those expenses are in our current X, I’m continuing to work and save because I know at some point things like that we will want to hire out and I’ll need surplus to cover those increased cost.
Statistics: Posted by WhatsIRR — Fri Nov 08, 2024 12:03 am — Replies 155 — Views 17276