Where do you draw the line between YOLO and saving for the future?
Me and some of my friends (mid-20s) had this conversation during our lepak session. We’re planning to go on holiday to Langkawi and were thinking of splurging a little on a chartered yacht. Some were against it, saying it’s a waste of money, while others were like, “When tf are we ever going to spend the money we’ve been saving?”
So here’s my question for everyone: where do you draw the line?
I’ve seen many people here say that they live frugally until they reach a certain milestone (e.g. their first RM100k), but once they hit it, the goalpost moves to RM1m, then RM5m, and so on. At some point, does life just become a race to reach the next financial milestone?
What’s the point of building wealth if you never allow yourself to enjoy it? On the other hand, how do you balance enjoying your money now without sabotaging your long-term financial goals?
Curious to hear how you guys approach this. At what point do you think it’s okay to say, “I’ve saved enough, I can afford to enjoy some of this money”?