I am very interested in knowing what all of you think of the video below. The financial commentator’s idea sounds okay on the surface, but in my opinion, “test driving” a lifestyle of living large for a few months could quickly trap you in to living that lifestyle forever – and depleting your nest egg – your thoughts?
by W A E L
Personal Finance | Investing | Financial Independence
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I myself just try to live a balanced life. Work, Save, Invest, and Spend. As savings grow, your percentage of spending can grow. 2 Million is a nice nest egg. But “living large” and buying a Lear Jet could take care of that real quick! LOL 🙂
Exactly! Moderation in all things I always say. I have profiled some Surprise Millionaires here that lived in complete poverty while saving millions. I do not endorse that. You need to have the essentials and maybe an occasional splurge. Just don’t make it a habit.