[ozim]

When I think about taking alternative cost into account you loose more than "just money", you loose all the opportunities that could show up after a week or month later, or until you build savings back.

You always have yourself but consider also how much impact in psyche it might have, will you really have "yourself" after blowing all the savings? It could trigger regret (especially if some opportunity shows up after savings are gone) and could spiral down into depression. It is easy to say "I am strong, I would handle it" before something bad happens.

[renewiltord]

A fair point. Fortunately, I have tested myself well on this front, both by losing lots of money on leveraged investments and by having multi hundred thousand medical bills and at least my position on money clearly has abundance mentality.

I think the opportunity cost thing is a meaningful thing, but I doubt it'll really hurt since I have significant amounts of money I can draw on through my network.