[July 4th]

Saving for retirement is a balancing act, between what you want now and what you want in the future. I agree with you that some money is better spent now than in old age, but you also have to consider the future value of what you're giving up.

Let's say I can get an average of 7% return on my investments over the next 50 years. I'm 25, and if I spend $2,000 on a nice vacation now, I've just given up $58,914 at the age of 75.

[Jazzman1]

<<<I've just given up $58,914 at the age of 75.
In fifty years that $58,914 will be JUST ENOUGH to pay your property taxes for 6 months.