Quote:
Originally Posted by FatBoy
I certainly wouldn't risk everything to buy a toy, but I see no reason why you shouldn't risk as much as you can afford to lose to get it.
As has already been said, you never know what tomorrow will bring and come the day of judgement, you don't want in a position where you're regretting not having done all manner of things.
I had a serious health scare a few years ago and it does give you a different perspective on these things.
Paul
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That's my point. You don't want to outlive your money.
If you can afford to buy it for cash, then by all means do so. If you have to borrow or tap the retirement funds, you can't afford it.
Just don't mortgage your future in order to get it.
For the rest of you, it's a measure of maturity/immaturity to be able to assess your wants and needs and be able to budget and plan in order to achieve your desires.
It's the "gotta have it now" attitude that put this country in a financial tailspin. (Immaturity)
As for me, I would love to buy a nice Gulfstream, but it would seriously impact my retirement nest egg, so I will put it on the back burner until I win the lottery. If I die tomorrow, I will not be alive to miss not having it. If I don't, I have a goal that I will work towards attaining. (Maturity)
Your choice of course. Just don't want you to suffer financially later in life for the choices you made today.
And yes, I am in the Financial Services Sector.