[robga]

Exactly. When I realised a $4 coffee is actually $14 dollars in todays money if I put it in a boring index tracker and leave it 30 years until I’d need to spend it, that was a massive mental switch in my head. I’m always aware of balancing hedonism/asceticism.

[meghan_rain]

Yeah I think balancing is importanr. You don't want to die at 60, the first day of your retirement, after living 100% ascetically your entire life. It would be too risky of an investment. I think something 20/80 (20 spending) is roughly a good idea.

[roland35]

While that is true, I think it's also important to focus on the $100k ticket items and not worry about the $4 things in life. Getting a promotion has impacted my life more than any amount of frugality has. Also investing in low cost indexing is a huge win!