Obsessive Compulsive Buying - anyone cured that?

[Anni.Angel]

I have clothes I never used, shoes that are brand new, never used. Last week I went through my wardrobe and I think I donated a third of the stuff I had there.
The next thing I did, went into my computer and checked for more stuff to buy.

Then I have enough tennis gear to last me for years. But I am still browsing shops and products.
Currently fighting the urge to buy 2 more Steam 99 prostocks. After defeating the urge to buy 3 personal Caroline Garcia.

Somehow I managed to curb this crazy thirst but still, when I see low prices I buy.
In the past I used to buy indiscriminate, cheap or expensive. If I liked I bought like crazy. Now I am a bit more selective. I look for expensive or exclusive stuff sold way below the market price.

At some point I seen on a local classifieds 3 Blades in the old paint-job, the kind that was available when Djokovic was playing Wilson.
I knew I will never be interested in playing them but they were way too cheap. One of them had a hairline and gave that one away for free to a friend.
Then I resold the other two for profit. They were in a very good condition, a solid 9 out of 10. Even my price was so good they sold the next day after I posted the ad.

When I see stuff that is way too cheap and I know it is way below the market price, I just can't control myself.

The bad thing is I am also looking at bigger and more expensive items such as cars. When I see something red, I am interested.

Yesterday I was about to buy another car because it came in a very beautiful red paint.

The only positives are:
1. When I think something is worn out, I donate that for free to friends who would like to have that.
2. I didn't get indebted... yet, neither to bank nor to people around me.

I think I have this compulsive buying issue because I am poor.

 

[HeIsTreeing]

I think I have this compulsive buying issue because I am poor.

deep cuts man. you dont sound very poor tho

 

[Smecz]

I have clothes I never used, shoes that are brand new, never used. Last week I went through my wardrobe and I think I donated a third of the stuff I had there.
The next thing I did, went into my computer and checked for more stuff to buy.

Then I have enough tennis gear to last me for years. But I am still browsing shops and products.
Currently fighting the urge to buy 2 more Steam 99 prostocks. After defeating the urge to buy 3 personal Caroline Garcia.

Somehow I managed to curb this crazy thirst but still, when I see low prices I buy.
In the past I used to buy indiscriminate, cheap or expensive. If I liked I bought like crazy. Now I am a bit more selective. I look for expensive or exclusive stuff sold way below the market price.

At some point I seen on a local classifieds 3 Blades in the old paint-job, the kind that was available when Djokovic was playing Wilson.
I knew I will never be interested in playing them but they were way too cheap. One of them had a hairline and gave that one away for free to a friend.
Then I resold the other two for profit. They were in a very good condition, a solid 9 out of 10. Even my price was so good they sold the next day after I posted the ad.

When I see stuff that is way too cheap and I know it is way below the market price, I just can't control myself.

The bad thing is I am also looking at bigger and more expensive items such as cars. When I see something red, I am interested.

Yesterday I was about to buy another car because it came in a very beautiful red paint.

The only positives are:
1. When I think something is worn out, I donate that for free to friends who would like to have that.
2. I didn't get indebted... yet, neither to bank nor to people around me.

I think I have this compulsive buying issue because I am poor.

This is normal behaviour in this civilization,
you think that I was better in the past

This is the disease of our times!!!.

How much I bought unnecessary tennis items, it's a small headache.

Today I would spend half as much and more sensibly, but a young man is stupid haha.

But today I got wiser, I'm older, I realized that skills are more important!!!

As long as shoes don't run by themselves, rackets don't play by themselves, clothes don't sweat by themselves.

Last thing
When you buy, you often think wishfully and not soberly.

Do you think that if I buy this better racket, I will definitely serve better or hit good forehand shots?!!

And so you buy it, but in fact you still have the same technique as before and you play the same way you played before, only with a new shiny racket heh.

This is an invented example of our naive human behavior, mine, yours and others.

Compulsive buying goes away when you start to think about the usefulness of the thing you bought, and whether it will actually give you new skills or new benefits, and not just buy it to buy it!! Do you understand?!

 

[Rosstour]

I'm battling a serious gear addiction

When I see those 22-23 Nike ADV tops dip below $40 I can hardly resist. I grabbed about 15 of the zip/zero collar ones in the last year and about 10 of the crews.

I have 15+ pairs of shoes (9 pr of GP Turbo) and probably 100+ pairs of those Nike Elite socks. I got into buying 2-in-1 shorts for tennis too so I have easily 15+ pairs of those.

I think this stems from having a few bad experiences where I forgot a crucial item and played badly. I also tend to misplace things. So I have stockpiled spares upon spares, in a multitude of colors so I'm never wearing something that doesn't look or perform well. I can't deal with poor play bc of equipment issues.

I have had to buy multiple tennis bags and currently have three that contain clothing. One for summer, one for winter and one that doesn't leave the house. But since I have so much gear, the bags are too heavy. So I had to break the clothes into little ziploc bags by color family. When I go play I just grab two bags to make sure I have matching shirts and shorts. It's a problem for sure

 

[TheSlicer]

It happened to me with guitar pedals, the right aproach is diferenciating what IS necessary ( for tennis, for guitar) and what IS just a complement, then It depends on your budget, the moment It becomes a problem is when you can barely pay the rent or invest on your children and you are thinking about buying things that are not necessary to do your activity, if you dont wanna save for anything or dont have a lot of responsabilities, and you can pay your basic needs, well this is capitalism, youre always gonna have stuff to burn money on, just be aware that its not gonna make you happier, theyre just adult toys, and the more you have the less you value them, that was what cured the thing for me, i realized if i have a couple of good things, id rather take care of them and value them than just buy more things and give everything for granted

 

[Anni.Angel]

The truth is I have a very good job and I am always exceeding the expectations of my superiors and always getting bonuses.

There are already 3 big bonuses on their way to me and my superiors asked how much of a raise do I want. Also promotion is at hand if I want that but that's just a different name of the job.

Also I am currently working my weekends to automate a migration so that it will happen months ahead of the deadline, if not a full year.

The thing is, the more successful I am, the more time I have to spend working and there's less time for playing tennis and doing other funny things.
In the past I used to play day in day out. Then I played 4 days a week. Now I play only on weekends.

I already have plans to finish this project and move to a bigger company for a lot more money, assume far more difficult tasks and that might mean even more work and less spare time.
I think I would still be able to play tennis in the weekends.

Yeah, sounds like capitalism. It got me hooked. I am addicted to money and shopping and work like a slave for my addiction.

 

[TheSlicer]

The truth is I have a very good job and I am always exceeding the expectations of my superiors and always getting bonuses.

There are already 3 big bonuses on their way to me and my superiors asked how much of a raise do I want. Also promotion is at hand if I want that but that's just a different name of the job.

Also I am currently working my weekends to automate a migration so that it will happen months ahead of the deadline, if not a full year.

The thing is, the more successful I am, the more time I have to spend working and there's less time for playing tennis and doing other funny things.
In the past I used to play day in day out. Then I played 4 days a week. Now I play only on weekends.

I already have plans to finish this project and move to a bigger company for a lot more money, assume far more difficult tasks and that might mean even more work and less spare time.
I think I would still be able to play tennis in the weekends.

Yeah, sounds like capitalism. It got me hooked. I am addicted to money and shopping and work like a slave for my addiction.

I understand, the less time you have, the more money and the less time to play, well then i would recomend saving most of that money if you are focused on your career, then, when you want more free time, you can work less and still have a lot of money to spend on what you like or even a house, the good thing about working a lot is that while you make money, you dont have a lot of time to spend it, so its a good idea to take profit of that situation in that way

 

[LuckyR]

The truth is I have a very good job and I am always exceeding the expectations of my superiors and always getting bonuses.

There are already 3 big bonuses on their way to me and my superiors asked how much of a raise do I want. Also promotion is at hand if I want that but that's just a different name of the job.

Also I am currently working my weekends to automate a migration so that it will happen months ahead of the deadline, if not a full year.

The thing is, the more successful I am, the more time I have to spend working and there's less time for playing tennis and doing other funny things.
In the past I used to play day in day out. Then I played 4 days a week. Now I play only on weekends.

I already have plans to finish this project and move to a bigger company for a lot more money, assume far more difficult tasks and that might mean even more work and less spare time.
I think I would still be able to play tennis in the weekends.

Yeah, sounds like capitalism. It got me hooked. I am addicted to money and shopping and work like a slave for my addiction.

How's your retirement funding going?

 

[Anni.Angel]

How's your retirement funding going?

That is a complicated matter. I am enrolled in more than one 'retirement plan/funding' and I am not sure if that's not just wasted money.

There is always someone saying this way is good, then another comes and says: no, this way is good and that way is bad and so on.
As income goes up, the funding for that should go up, but there's always doubt. It's my most unsafe zone.

 

[LuckyR]

That is a complicated matter. I am enrolled in more than one 'retirement plan/funding' and I am not sure if that's not just wasted money.

There is always someone saying this way is good, then another comes and says: no, this way is good and that way is bad and so on.
As income goes up, the funding for that should go up, but there's always doubt. It's my most unsafe zone.

Well, you've probably heard of the 4% rule. Are you happy with 4% of your "plan/funding"?

 

[Shroud]

I have clothes I never used, shoes that are brand new, never used. Last week I went through my wardrobe and I think I donated a third of the stuff I had there.
The next thing I did, went into my computer and checked for more stuff to buy.

Then I have enough tennis gear to last me for years. But I am still browsing shops and products.
Currently fighting the urge to buy 2 more Steam 99 prostocks. After defeating the urge to buy 3 personal Caroline Garcia.

Somehow I managed to curb this crazy thirst but still, when I see low prices I buy.
In the past I used to buy indiscriminate, cheap or expensive. If I liked I bought like crazy. Now I am a bit more selective. I look for expensive or exclusive stuff sold way below the market price.

At some point I seen on a local classifieds 3 Blades in the old paint-job, the kind that was available when Djokovic was playing Wilson.
I knew I will never be interested in playing them but they were way too cheap. One of them had a hairline and gave that one away for free to a friend.
Then I resold the other two for profit. They were in a very good condition, a solid 9 out of 10. Even my price was so good they sold the next day after I posted the ad.

When I see stuff that is way too cheap and I know it is way below the market price, I just can't control myself.

The bad thing is I am also looking at bigger and more expensive items such as cars. When I see something red, I am interested.

Yesterday I was about to buy another car because it came in a very beautiful red paint.

The only positives are:
1. When I think something is worn out, I donate that for free to friends who would like to have that.
2. I didn't get indebted... yet, neither to bank nor to people around me.

I think I have this compulsive buying issue because I am poor.

As an old guy I will tell you to have your fun. Its important and work can wait.

And:

https://www.amazon.com/Behringer-Monitor-System-TRUE-BUDS/dp/B08WLTKTW4/ref=sr_1_3?crid=3UZSPZS6VBYQ4&keywords=behringer+true+buds&qid=1706629706&sprefix=behringer+true%2Caps%2C572&sr=8-3

 

[socallefty]

Sounds like you are trading quality relationships and memories to work harder and make more money. That likely means that material wealth is important for your happiness and what you own is currently important for your identity/happiness. You should analyze if that is the life philosophy you want to have as your guiding value system.

Spend more time on friends/family, spend more time to get good fun memories, maybe get a pet, do meaningful things you are passionate about outside of work and suddenly you will feel less compulsion to buy stuff. You might have less money to buy stuff too as your bonus might shrink!

 

[esgee48]

@Anni.Angel - re your retirement funding. It's OK to have 1 or 2 companies managing your retirement assets. Not so good to have 5-6. You will get conflicting advice. Invest the max you can afford to take advantage of company match. If you leave, take it with you and roll it into an IRA account that is separate. Make record keeping easier for you and the company managing the roll over account. As far as aggressiveness, it's not smart to invest all in equities. Equity sectors are different. Those are diversified to reduce risk. You can spread your funds into different sectors based on your risk profile. That means keeping some $$ in government lending portfolios. State specific funds are tax free if you live in that state. If you absolutely want to buy equities, do it in a self managed portion of your IRA. This goes for Roth IRA too. Most of those same companies will also do annuities, which you can fund as you want. [Note that I do not specify specific stocks or companies. That is up to you to build that relationship.] HTH.

 

[Anni.Angel]

@Anni.Angel - re your retirement funding. It's OK to have 1 or 2 companies managing your retirement assets. Not so good to have 5-6. You will get conflicting advice. Invest the max you can afford to take advantage of company match. If you leave, take it with you and roll it into an IRA account that is separate. Make record keeping easier for you and the company managing the roll over account. As far as aggressiveness, it's not smart to invest all in equities. Equity sectors are different. Those are diversified to reduce risk. You can spread your funds into different sectors based on your risk profile. That means keeping some $$ in government lending portfolios. State specific funds are tax free if you live in that state. If you absolutely want to buy equities, do it in a self managed portion of your IRA. This goes for Roth IRA too. Most of those same companies will also do annuities, which you can fund as you want. [Note that I do not specify specific stocks or companies. That is up to you to build that relationship.] HTH.

I don't know if you know about Robert Kiyosaki. His ideas are in great fashion today.

People in my circles are into investments. That's seen as the best plan for retirement and for future.

So the traditional retirement plan is just one option. And the modern, or I should better call it the trendy approach is to invest in something that would last for the future.
Most people invest into real estate, some try to develop airbnb businesses, stock market is another approach for others.

To me stock market is gambling, airbnb is a lot of work that I don't like, I have some plans to start some business but it's not happening yet.
All this stuff about securing the future and future-proofing your finances is a big headache for me.
I don't really like that part. Whenever I go to an insurance company or a bank they have a lot of offers, investment funds and what not.

That's why I got into a investment plans. Then the companies I worked for, offered to contribute to my retirement plan as a benefit. So some stuff had to be done to get some money that otherwise would go to waste.
Honestly I didn't want to do anything for my retirement. I don't like that stuff. But most was done due to certain conditions and situations.

It was the same with my cars. Now I ended up with the most expensive car insurance.

Everyone is selling the future these days. Honestly I hope I will die before I get sick and useless.
And one of the reasons I play tennis is to avoid walking with a cane.

I think getting skilled is one hell of investment.

 

[tennisjunkie]

I have clothes I never used, shoes that are brand new, never used. Last week I went through my wardrobe and I think I donated a third of the stuff I had there.
The next thing I did, went into my computer and checked for more stuff to buy.

Then I have enough tennis gear to last me for years. But I am still browsing shops and products.
Currently fighting the urge to buy 2 more Steam 99 prostocks. After defeating the urge to buy 3 personal Caroline Garcia.

Somehow I managed to curb this crazy thirst but still, when I see low prices I buy.
In the past I used to buy indiscriminate, cheap or expensive. If I liked I bought like crazy. Now I am a bit more selective. I look for expensive or exclusive stuff sold way below the market price.

At some point I seen on a local classifieds 3 Blades in the old paint-job, the kind that was available when Djokovic was playing Wilson.
I knew I will never be interested in playing them but they were way too cheap. One of them had a hairline and gave that one away for free to a friend.
Then I resold the other two for profit. They were in a very good condition, a solid 9 out of 10. Even my price was so good they sold the next day after I posted the ad.

When I see stuff that is way too cheap and I know it is way below the market price, I just can't control myself.

The bad thing is I am also looking at bigger and more expensive items such as cars. When I see something red, I am interested.

Yesterday I was about to buy another car because it came in a very beautiful red paint.

The only positives are:
1. When I think something is worn out, I donate that for free to friends who would like to have that.
2. I didn't get indebted... yet, neither to bank nor to people around me.

I think I have this compulsive buying issue because I am poor.

Man, how you say you poor, when you can buy another car like it's some piece of fashion accessory? Stop playing games. While it's fun getting to hit with different rackets, there's no substitute for Federer-like technique, if you get what I mean.
My problem is, I can't decide which rackets I should stick with because I love all my rackets for their own unique traits. Which, I imagine, limits my progress? I mean like, I play well with all of them... what?

 

[Crocodile]

Well, may I say welcome to this session and make yourself comfortable on the lounge chair.

In order to be able to help you and cure you we would like to ask you a couple of questions and the first one is :

Tell us why do you think that buying so many items is a problem for you to the extent that you need a cure ?

 

[Anni.Angel]

Well, may I say welcome to this session and make yourself comfortable on the lounge chair.

In order to be able to help you and cure you we would like to ask you a couple of questions and the first one is :

Tell us why do you think that buying so many items is a problem for you to the extent that you need a cure ?

This is like a Jekyll and Hyde situation.

You know you have enough. You know you have more than you need, in your home, you know good products will always be there for you to buy but you keep paying to have them in your home.

And when you see something you feel like you are possessed, you have to buy. You have to get that thing.
You know you don't play Babolat but you see a racquet that was owned by a famous, top 10 player and you want it. Why? Because it is fancy.
You know it is stupid but you keep doing this and you feel like an idiot. That is the problem.

Lately I managed to restrain myself. I stayed sober for two weeks already. But it takes me some time that I think about that product. I have moments when I am about to click the buy button.
Restraining from buying is a long process for me. It takes me like two hours to dodge the bullet. And if it is still available the desire might come back tomorrow.

 

[Anni.Angel]

Man, how you say you poor, when you can buy another car like it's some piece of fashion accessory? Stop playing games. While it's fun getting to hit with different rackets, there's no substitute for Federer-like technique, if you get what I mean.
My problem is, I can't decide which rackets I should stick with because I love all my rackets for their own unique traits. Which, I imagine, limits my progress? I mean like, I play well with all of them... what?

I think you can get to the bottom of the problem by deciding what you want from a racquet and what specs would give you that. Then you can narrow all racquets by the specs that you want, and buy very similar racquets.

I been through that phase and now I am between Steam 100 and Steam 99. And I think i will go for Steam 99. I like it more.

 

[Crocodile]

This is like a Jekyll and Hyde situation.

You know you have enough. You know you have more than you need, in your home, you know good products will always be there for you to buy but you keep paying to have them in your home.

And when you see something you feel like you are possessed, you have to buy. You have to get that thing.
You know you don't play Babolat but you see a racquet that was owned by a famous, top 10 player and you want it. Why? Because it is fancy.
You know it is stupid but you keep doing this and you feel like an idiot. That is the problem.

Lately I managed to restrain myself. I stayed sober for two weeks already. But it takes me some time that I think about that product. I have moments when I am about to click the buy button.
Restraining from buying is a long process for me. It takes me like two hours to dodge the bullet. And if it is still available the desire might come back tomorrow.

Ok, so once you buy something do you find it hard to later on off load them or sell them?
The way I look at it is that I set a limit on things. So if it’s tennis racquets, you may pick a number that you are prepared to own at one time and if you want to buy another one, one must go.
Same with cars, you can definitely justify one car as your daily driver and then have one as a weekend classic or a car for investment and then have a third cheap car as a rouse - about where you carry stuff to the tip or go and mow your mother in laws property - that sort of thing.
With clothes, the more classic and old money wealth it is the more likely that it will stay in fashion for a long time and then you can hang on to them. Other clothing items you do the same things as with racquets - for every time you buy a new T shirt an old one must go to the clothing bin. You have a set amount of coat hangers.
The other way to look at things is that you prioritise things according to how they benefit your life in the future. For me, I am interested in securing my life so I can live independent and free therefore I prioritise my money on things that achieve that goal. From my way of looking at it, there is no point owning 4 cars if I have to trade my labour for time and money. Jim Rohn made the comment once that you only buy a second car once you own a second house.
Finally I have this view that if I die tomorrow I want my stuff to be so succinct that others could clean up my affairs in 3 hours. I do not like clutter and I like to have knowledge and items easily accessible. I have actually seen the opposite with other family members where the individual gets 5 years behind their tax returns and can’t find anything because it’s all a mess- no thanks

 

[sureshs]

I have clothes I never used, shoes that are brand new, never used. Last week I went through my wardrobe and I think I donated a third of the stuff I had there.
The next thing I did, went into my computer and checked for more stuff to buy.

Then I have enough tennis gear to last me for years. But I am still browsing shops and products.
Currently fighting the urge to buy 2 more Steam 99 prostocks. After defeating the urge to buy 3 personal Caroline Garcia.

Somehow I managed to curb this crazy thirst but still, when I see low prices I buy.
In the past I used to buy indiscriminate, cheap or expensive. If I liked I bought like crazy. Now I am a bit more selective. I look for expensive or exclusive stuff sold way below the market price.

At some point I seen on a local classifieds 3 Blades in the old paint-job, the kind that was available when Djokovic was playing Wilson.
I knew I will never be interested in playing them but they were way too cheap. One of them had a hairline and gave that one away for free to a friend.
Then I resold the other two for profit. They were in a very good condition, a solid 9 out of 10. Even my price was so good they sold the next day after I posted the ad.

When I see stuff that is way too cheap and I know it is way below the market price, I just can't control myself.

The bad thing is I am also looking at bigger and more expensive items such as cars. When I see something red, I am interested.

Yesterday I was about to buy another car because it came in a very beautiful red paint.

The only positives are:
1. When I think something is worn out, I donate that for free to friends who would like to have that.
2. I didn't get indebted... yet, neither to bank nor to people around me.

I think I have this compulsive buying issue because I am poor.

Just gift them to me and you will be OK

 

[Sentinel]

Yesterday I was about to buy another car because it came in a very beautiful red paint.

I think I have this compulsive buying issue because I am poor.

There are already 3 big bonuses on their way to me and my superiors asked how much of a raise do I want. Also promotion is at hand if I want

I am confused.
Must be tough being poor.

 

[Sentinel]

Just gift them to me and you will be OK

Since when have you begun to cross dress?

 

[puppybutts]

I hope this doesn't come off in an insulting way, but I know in the past when I've started to up my spending habits, it's because I've felt empty or bored in life. When you get that itch to buy something, try redirecting that energy towards something productive. You say you are poor....hoard food, or contribute to your IRA lol. Be a good hoarder.

And donate stuff to me

It reminds me of people who constantly buy video games they will never play. The child in them desires the fun and new adventure they used to experience. The adult is too tired, too busy, already knows what to expect more or less. There is no sense of curiosity anymore.

Ask yourself what you are attempting to satiate when buying something you don't need. It's like when you are hungry and are too lazy to cook or go out and get a real meal. So you snack and snack...feeling full but not like you've really eaten.

 

[kabob]

Sounds like you’re a candidate for therapy or professional counseling of some sort more than anything. It’ll help with your addictions, discover techniques for improving your mental health and help you find work/life balance.

 

[sovertennis]

Well, you've probably heard of the 4% rule. Are you happy with 4% of your "plan/funding"?

The 4% rule applies to retirement savings withdrawals, not contributions.

 

[LuckyR]

The 4% rule applies to retirement savings withdrawals, not contributions.

Sorry for being confusing, I meant is 4% of your current nest egg enough to sustain you in retirement?

 

[Injured Again]

The 4% rule applies to retirement savings withdrawals, not contributions.

I don’t think the 4% rule applies any more. It’s really much closer to a 3% rule now. Many reasons for that, the two main ones being increased longevity/years spent in retirement and increased volatility of investment returns.

Before we pulled the plug on the rat race, our financial planner ran 10,000 simulations against our plan and we wanted 99% surety we would have money until we were gone. But my wife and I chose to retire at age 55 and our money needed to last until age 110 with that 99% confidence ratio. Our “burn rate” can’t exceed something like 3.04% but our actual burn rate is lower.

Our kids hope to retire by 50 and expect to live to 120. Their burn rate needs to be below 2.5% excluding anything we might pass along to them.

 

[LuckyR]

I don’t think the 4% rule applies any more. It’s really much closer to a 3% rule now. Many reasons for that, the two main ones being increased longevity/years spent in retirement and increased volatility of investment returns.

Before we pulled the plug on the rat race, our financial planner ran 10,000 simulations against our plan and we wanted 99% surety we would have money until we were gone. But my wife and I chose to retire at age 55 and our money needed to last until age 110 with that 99% confidence ratio. Our “burn rate” can’t exceed something like 3.04% but our actual burn rate is lower.

Our kids hope to retire by 50 and expect to live to 120. Their burn rate needs to be below 2.5% excluding anything we might pass along to them.

It depends on your health coverage. The two main expenses in retirement are travel and health care. Travel towards the beginning and healthcare near the end. Between the pandemic and our daughter moving out of state, our travel expenses during the first three years of retirement have been lower than expected.

Oh and BTW odds are your kids will have a fat inheritance.

 

[Injured Again]

It depends on your health coverage. The two main expenses in retirement are travel and health care. Travel towards the beginning and healthcare near the end. Between the pandemic and our daughter moving out of state, our travel expenses during the first three years of retirement have been lower than expected.

Oh and BTW odds are your kids will have a fat inheritance.

We threw a chunk of money at a long term health care coverage plan with a lifetime unlimited benefit which my wife and I can use concurrently. The benefit is designed to grow with medical costs and, in addition to our burn rate, fully cover all costs. If we’re debilitated, we won’t be spending as much. That was all built into the financial simulations.

That long term care insurance was an easy decision for us. My mother developed Parkinsons and had an eleven year battle with it before it overtook her. She needed extensive nursing home care for several years. My mother-in-law lived to be 100 and needed significant help her last several years. With medicine the way it is progressing, it’s not inconceivable we could end up living decades more than we would naturally - I really think our decision will come down to when we want to pull the plug rather than when medicine won’t be able to keep our bodies alive.

We’re still intending to spend every last cent. We love to travel and will start doing so again now that covid is endemic. Besides, if my wife is anything like her mother, our kids wouldn’t get a penny until they’re 80 years old so they’d better be financially self sufficient!

 

[Fintft]

We threw a chunk of money at a long term health care coverage plan with a lifetime unlimited benefit which my wife and I can use concurrently. The benefit is designed to grow with medical costs and, in addition to our burn rate, fully cover all costs. If we’re debilitated, we won’t be spending as much. That was all built into the financial simulations.

That long term care insurance was an easy decision for us. My mother developed Parkinsons and had an eleven year battle with it before it overtook her. She needed extensive nursing home care for several years. My mother-in-law lived to be 100 and needed significant help her last several years. With medicine the way it is progressing, it’s not inconceivable we could end up living decades more than we would naturally - I really think our decision will come down to when we want to pull the plug rather than when medicine won’t be able to keep our bodies alive.

We’re still intending to spend every last cent. We love to travel and will start doing so again now that covid is endemic. Besides, if my wife is anything like her mother, our kids wouldn’t get a penny until they’re 80 years old so they’d better be financially self sufficient!

Canada FTW.
Having said that, we will extended our gov insurance into our retirement, for about 1k/year, for extra benefits.
Gl!

 

[Fintft]

Do you like to travel? I do about 6 weeks of that. Even alone.
In general how much vacation do you take?

 

[Injured Again]

Canada FTW.
Having said that, we will extended our gov insurance into our retirement, for about 1k/year, for extra benefits.
Gl!

I have cousins who live in Canada and they are not fond of the medical care system. Between them and the Canadians I know who play tennis, it can be a long, long wait for a less than life threatening procedure like a knee replacement, which I just had.

It’s a tough problem without good solutions. In the US, if you have money you have immediate access to high quality care. If you don’t, you are worse off than in any country with universal health care. I would like to think that I would give up my level of access to immediate and high quality care and accept longer waits and a bit lower quality if everyone then had access to health care, but then I know I would hate it if my wife or kids got sick and had to suffer for longer than they do now. It’s easy to be altruistic when you’re not personally affected.

 

[Injured Again]

Do you like to travel? I do about 6 weeks of that. Even alone.
In general how much vacation do you take?

I don’t know if you were asking me, but I’ll respond. Outside of the Covid years, we take four or five vacations a year, totaling 10-15 weeks. We’re old and retired, and our kids are independent. My mother-in-law recently passed at age 100 so neither of us now have parents to care for so we might expand that a bit more. Where we live, in the Pacific North of the United States, is just perfect in the summers. We have long, 16+ hour days of sun. It’s usually dry with temps of 75-80 F or 25-27 C for a couple of months on end. We love to hike and it’s the perfect time for that so we try to stay home during the summers.

Traveling is our passion, and we try to live like locals when we go places. Really get an immersive cultural experience while still seeing all the sights. So no cruises or big group vacations for us. We book our own places with a kitchen so when we eat out, we can then buy the ingredients and try to cook those same dishes ourselves. We try to learn the language of the places we go.

We’ve recently started planning some of our vacations by going to either grand slam or combined ATP/WTA events. We did Rome last year and will be going to Madrid this year. We haven’t been to Wimbledon or the Australian yet so those are definitely on our list.

It’s a big world and there’s so much to see and learn.

 

[Fintft]

I don’t know if you were asking me, but I’ll respond. Outside of the Covid years, we take four or five vacations a year, totaling 10-15 weeks. We’re old and retired, and our kids are independent. My mother-in-law recently passed at age 100 so neither of us now have parents to care for so we might expand that a bit more. Where we live, in the Pacific North of the United States, is just perfect in the summers. We have long, 16+ hour days of sun. It’s usually dry with temps of 75-80 F or 25-27 C for a couple of months on end. We love to hike and it’s the perfect time for that so we try to stay home during the summers.

Traveling is our passion, and we try to live like locals when we go places. Really get an immersive cultural experience while still seeing all the sights. So no cruises or big group vacations for us. We book our own places with a kitchen so when we eat out, we can then buy the ingredients and try to cook those same dishes ourselves. We try to learn the language of the places we go.

We’ve recently started planning some of our vacations by going to either grand slam or combined ATP/WTA events. We did Rome last year and will be going to Madrid this year. We haven’t been to Wimbledon or the Australian yet so those are definitely on our list.

It’s a big world and there’s so much to see and learn.

Nice, but instead of AO, we spent one week in Sydney and a couple in New Zealand, Fiordland(South Island) for hiking and fiords.

 

[LuckyR]

We threw a chunk of money at a long term health care coverage plan with a lifetime unlimited benefit which my wife and I can use concurrently. The benefit is designed to grow with medical costs and, in addition to our burn rate, fully cover all costs. If we’re debilitated, we won’t be spending as much. That was all built into the financial simulations.

That long term care insurance was an easy decision for us. My mother developed Parkinsons and had an eleven year battle with it before it overtook her. She needed extensive nursing home care for several years. My mother-in-law lived to be 100 and needed significant help her last several years. With medicine the way it is progressing, it’s not inconceivable we could end up living decades more than we would naturally - I really think our decision will come down to when we want to pull the plug rather than when medicine won’t be able to keep our bodies alive.

We’re still intending to spend every last cent. We love to travel and will start doing so again now that covid is endemic. Besides, if my wife is anything like her mother, our kids wouldn’t get a penny until they’re 80 years old so they’d better be financially self sufficient!

I agree with "not inconceivable", but that's not equal to "likely".

 

[Jono123]

I'm like this with tennis rackets. I've sold so many on recently on **** I think the Inland revenue think I'm a reseller. Pro Staff is arriving later this week,..

 

[marbz]

This is also me...when i see sale tennis items...specially end of seasons sales....i will buy them all...sucks thou.

 

[Brian11785]

I just see it as natural part when new Yonex lines are released. I'm going to buy half of them then sell them for 60% of MSRP here in the classifieds. It's the cost of business with my animal brain.

The ezone tour 98 (current) is the first time I've actually changed my main racquet since the Duel G line back in 2016. But I've probably bought and sold 15 new racquets in that time.

 

[socallefty]

Marry someone who spends all your money before you can spend it.