Trying lifestyle inflation. Need to spend more.

Simple living, extreme early retirement, being wealthy, ...
classical_Liberal
Posts: 1485
Joined: Sun Mar 20, 2016 6:05 am

Re: Trying lifestyle inflation. Need to spend more.

Post by classical_Liberal »

Scott 2 wrote:
Fri Jun 14, 2019 11:50 pm
It didn't matter what life threw at me, I could go internally and flip the switch.
I eventually decided it was a mistake, an avoidance of the human experience.
This resonates with me and maybe deserves a thread topic of it's own. At one point in life, I spent a great deal of time developing stoicism. I still love it, and it has it's place in situations where nature provides us with a horrible tragedy or in emotionally charged critical moments where rational thought is required for definitive action. However, it's only one tool in a toolbox, and it's one that can be overused. I'm not sure what, if any purpose this life has to offer. I do know that nature has created a world where human experience requires us to sometimes feel gut wrenching sadness, blood boiling anger, or ice cold fear so that we can remain healthy and balanced within its boundaries.

chenda
Posts: 1379
Joined: Wed Jun 29, 2011 1:17 pm

Re: Trying lifestyle inflation. Need to spend more.

Post by chenda »

@classicalliberal It begs the question as to whether there is an optimal amount of suffering one should have in life in order to maximise their lifetime utility. Somewhat like getting a bad cold might give you some immunity to a deadly strain of influenza.

suomalainen
Posts: 725
Joined: Sat Oct 18, 2014 12:49 pm

Re: Trying lifestyle inflation. Need to spend more.

Post by suomalainen »

Bankai wrote:
Wed Jun 12, 2019 12:42 pm
outsource all of that and enjoy your free time with family
See, people say this shit all the time, but it must come from a place of scarcity. But what if OP isn't in a place of scarcity? Some people would actually do anything to see LESS of their family. See, e.g., financial samurai. Marginal utility and all. The trick is that you can embrace marginal utility even before you get sick of your family.

Anyway, @OP, so, you have too much money, good for you. Why don't you just stop thinking about it? Spend it, bury it, burn it, shit on it, who gives a fuck? Your marginal utility is zero. But let's be clear about the subject of this marginal utility - the zero marginal utility relates to thinking about what to do with this tool that you've been fondling for years (i.e., money). That means...time to move on. There are other things to watch than financial porn. Here's what you do, in the order that you do them:

1) Do the things you already know you enjoy up to the amount that you still enjoy them (including family).
2) With the remaining time, try something new you've always wanted to try.
3) If no burning desires, try something new. Anything. It doesn't matter. You're a bored monkey and you need stimulation. So stimulate.
4) If you don't feel like doing any of the above, do nothing.
5) When you get tired of doing nothing, or get tired of doing something, go back to step 1.
6) The only way to break this loop is to die.

I call this your personal-life-satisfaction-efficient-frontier (TM). Catchy name, I know.
johnC64 wrote:
Fri Jun 07, 2019 9:13 am
I have these opposite feelings of need to make use of the forever idle money and of not knowing how to do it. It is like my frugality is working against me. I am not talking about spending a little bit more occasionally, let's say I would like to double it indefinitely to have peace of mind.
You don't need to do anything with your money to have peace of mind. Just stare at that so-called "feeling of need", give it its space and watch it disappear of its own accord. At this point your money is in control of you rather than the other way around. Which is...ironic? sad?

bigato
Posts: 2631
Joined: Sat Mar 05, 2011 12:43 pm
Location: Brazil

Re: Trying lifestyle inflation. Need to spend more.

Post by bigato »

This is the first answer that I feel that touches on the real issues as I see them. It’s obvious that there are ways to *spend* money and I’m sure the OP knows how to. Also I’m sure that OP knows what kind of stuff/experience he needs/desires and could just expend on whatever he fancies or even not spend at all, because what harm does money would do by just staying there? Hence my initial question of why he feels he *needs* to spend more. In my opinion this is the kernel of the issue. A better question would be, what benefit do you hope to achieve and what pain are you trying to avoid? Because if you ignore these important matters, you could just burn the money or throw it from a building and be done with it.

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