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FTeachMeYourWays t1_j5k1imx wrote

Reply to comment by humvee911 in LPT: A good financial habit to get into is treating money as hours of work. Ask yourself how many hours of work something would take if you buy it. The awareness of the amount of time you put into purchases helps reduce compulsive spending. by humvee911

Is it? hold on, an hour lunch every day in an enjoyable manner seems to out weigh having a some spare capital once retired? Some people may save there whole life and never get to experience retiremen....

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BlackWindBears t1_j5lqkq2 wrote

Well that's the point of the book! You can never replace the hours you spend. If you'd rather trade an hour of work for an hour of "enjoyable lunch" as compared to one hour less of work for a less enjoyable lunch then you've made a good decision!

The issue is that folks think that their income is really something they just automatically spend, rather than something they traded away the hours of their lives for.

If you don't spend that money, you can either negotiate reduced hours, or bring forward retirement by that many hours (well, far more when including investment growth, but you have to factor in your risk of dying before you get to enjoy it), or use the accumulated savings to take a break from work of that many hours when between jobs.

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