well, it’s your money to do with as you please.
But when your eating cat food to survive, don’t go begging to the government to rob those who didn’t blow their money on your behalf.
I personally wish to amass enough principal to live off the interest/earnings alone. And then leave the principal to my children so that they can do the same.
TexasFreeper2009 wrote: “But when your eating cat food to survive, don’t go begging to the government to rob those who didn’t blow their money on your behalf.”
“I personally wish to amass enough principal to live off the interest/earnings alone. And then leave the principal to my children so that they can do the same.”
That’s a very good objective. In my case I’ve invested well and I have multiple pensions and annuities and investments.
My annuities and pensions are more than enough for a very comfortable retirement without tapping my retirement investments. I worked hard, maximized my savings, and avoided spending on new cars, vacations, etc. Now, my investment and savings accounts are my ‘fun money’. I do intend to enjoy life.
BTW, I can assure you that if I’m ever forced to eat cat food, it will be premium cat food.