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The better you do, the more you worry?

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  • #16
    Originally posted by ua_guy View Post
    For my situation, yes, I worry more, the better we do. Part of it has to do with getting older and realizing that the time windows for things like compounding interest and "getting ahead" are narrowing.
    Very true. As you get older and closer to retirement, it gets more and more important to avoid mistakes because you have less time to recover.
    Steve

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    • #17
      I think the older you get, the more you realize there is to worry about. (Ignorance is bliss).

      So I can maybe understand from that angle. But, otherwise, no. The more we have the more relaxed we get. Have always been that way, and has always been the point for us to save and be on top of our finances. So that we do have less worries.

      Edited to add: Honestly, as we near 40, I often feel like we will never actually have any real and true money worries. Which is a funny thought, because we are so money conscious. But that is precisely *why* we will never have any real and true money worries. OF course, most my family comes from poverty. SO, I think it is all relative.
      Last edited by MonkeyMama; 01-31-2014, 07:20 AM.

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      • #18
        More responsibility as you get older so more worries. But when we were younger and broker we worried more about money. Now it's worrying that the money is being wisely directed.
        LivingAlmostLarge Blog

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        • #19
          Originally posted by cschin4 View Post
          I don't think it is so much a function of money but more a function of time. When I was young and had diddly squat I had an abundance of youth. So, the world is still your oyster and you have time to make mistakes and recover from them and even if you have nothing , you have the world's greatest asset which is youth, exuberance and a fresh face and energy. As you go down the road of life into middle age, you begin to realize you no longer have that on your side. And, now you have long term commitments and ties like a mortgage, etc. Or your spouse has a job so if you lost your job, you can't simply pack up and move. You dont' have the luxury of time to recover and you dont' have the fresh faced enthusiasm of youth which is really what most employers desire far more than they desire experience. In our culture, I don't think experience is valued all that much any more. Most employers seem to want to hire someone young that they can mold into their corporate culture rather than someone who might think otherwise.
          Great way of putting things into perspective, I believe you hit the nail on the head there.

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          • #20
            I worried about money much more when I was deeply in debt. We feel much better now that we're out of debt with a good amount of money saved and established retirement accounts. We still have quite a bit of time before retirement (we're 30/31) so maybe that's partially why, but I think it's more because we feel very prepared.
            Current Status: Traveling North American in our 1966 Airstream. Check out the remodel here.

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            • #21
              I know someone close to me who has a lot of money and financial security who still works all the time and spends no time with family. Think; retirement plan, 3 paid off houses, health insurance through ex employer for life, etc. and not spending holidays with us) I think people can get hooked on the high of making money. It hurts me, but I am used to it.
              I remember many years ago before becoming a parent when I sold on e bay after my regular job how thrilling it was to get a bid or payment on something.
              I like money. I need money. However, I want time. I want my free time. I want all the moments I can get with my family. I started to feel this way five years ago when I became a parent.

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              • #22
                With more money comes more responsibility.

                Some of it is self-induced if you use the money to buy items that have overhead: Are we saving enough? Is the EF large enough? Did we dig ourselves into a hole buying that RV or boat with our bonus? Was the vacation property/timeshare a smart move? Why did we buy that new car? Did you remember to register the trailer?

                For some, it is hard to gain money and not feel that something around the corner might take it back or put you into a position of vulnerability. I think the important thing to keep in mind is to always leave yourself an out.

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                • #23
                  I worry less when I am doing well. But I get where you are coming from. There's is a saying that goes "more money more problems". It all depends on the individual though. You should prioritize. Try to relax though you might be worried about nothing. Cheers

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                  • #24
                    Originally posted by MonkeyMama View Post
                    I think the older you get, the more you realize there is to worry about. (Ignorance is bliss).
                    I believe this is it.

                    However, like many of the others, the better I am doing financially, the less I worry about money.

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                    • #25
                      Not really.

                      We are doing much better than we were, and not necessarily because of income, although that has increased as well. However, our managing of the money is much better, we owe only on our home, have about 12 months saved up in case of emergency, and our retirement funds are being contributed to regularly.

                      However, it isn't really the above that gives me peace of mind, it is my husband's secure job. Nothing is 100% for sure, but it is as close to sure as we can get and we are thankful for that.

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