Would you sacrifice Lifestyle for Money?

Discussion in 'Investor Psychology & Mindset' started by MTR, 8th Mar, 2017.

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  1. MTR

    MTR Well-Known Member

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    Not a trick question, no right or wrong

    Was pondering on this the other day as my niece has sacrificed lifestyle for the ultimate job overseas, big $, location is not ideal/isolation, no family/friends, children having to adapt which has proven to be a nightmare. No turning back though. The big picture is the big $ and nothing else. When the children leave high school they will be shipped back to Australia to attend Uni, because it will be much cheaper option. How will that work. We all make choices and sacrifices in life to get ahead but I sometimes wonder some people are not thinking it through and the importance of happiness today.


    I like this

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  2. alexm

    alexm Well-Known Member

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    Absolutely. Did it for many years living and working in third world countries along with back in Australia when I started my career. Still do to a degree but I find time to enjoy my toys nowadays.
     
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  3. EN710

    EN710 Well-Known Member

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    To some degree yes, but some things are not negotiable. Never forget the reason I want money in the first place.
     
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  4. 158

    158 Well-Known Member

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    There's more to life than such a common thing like money.

    pinkboy
     
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  5. Obsidian

    Obsidian Well-Known Member

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    Sounds to me like its more an attitude thing.
    Location/ isolation ( not enough info).
    No friends - make some new ones. People travel and make friends all over the world all the time.
    Kids and uni - whats the problem?. Country Australia kids routinely leave home at 18 to attent universities in the cities. Its a good opportunity to be independant, and not pampered at home until 30's.
     
  6. Phase2

    Phase2 Well-Known Member

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    Maybe sorta? I wish I'd sacrificed more lifestyle for $ when I was younger, single, no kids.

    I wouldn't drag my family around the world following the $ trail if we lived in craptown with nothing to do. I would love to take them around the world, living in interesting places even if it meant earning less than I am now. (Though there's something to be said for stability of school and friendships too).

    The only reason I invest is so I can look forward to a retirement lifestyle that I can enjoy. I don't invest as much as I possibly could right now (though I'm always tempted), because I want to spend a bit to enjoy life too.
     
  7. Lizzie

    Lizzie Well-Known Member

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    Not to that degree - but yes, in lots of little ways.

    Currently living in a garage with hubby, a teenager, two dogs and a cat while we build our new home ... although it is a very nice garage with hot and cold running water, and a bathroom, those 40+ days were a little wearing.


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  8. Dan Donoghue

    Dan Donoghue Well-Known Member

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    No, I will do my best to get us where we need to be for an early retirement but I won't move overseas for work and I won't risk my health for work.

    Life's too short to focus so heavily on work, you never know when it's going to end, no point in being the richest guy in the cemetery.
     
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  9. Blacky

    Blacky Well-Known Member

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    Its not a sacrifice!
    I took a job overseas. Not an ideal location, no friends/family.
    I wasnt even chasing the money - my starting salary was actually less than what I was earning when I was in Australia.
    In my mind it was a fantastic opportunity to travel, see the world, experience new things - all with a well paying job and great future opportunities - in a new industry, where I felt I could learn a lot.

    The number of people who made comments
    "your missing out on life - youre not living - your sacraficing friends, family and real life for money... its not a good life - youre just money hungry" the list goes on and on and on. My employer at the time nearly fell off her chair when I said I was leaving the bank to move!

    10 years (or so) later, I have traveled to, and lived in more countries than I can remember, international travel is so common some of the airline staff know me by name, I know many flight times and routes like most people know bus/train schedules, my son (2years old) speaks 3 languages. I work 6months a year.

    The list of advantages that one move created is exhaustive. There are some disadvantages, but these are few and not insurmountable.

    If I had the same attitude I could look back on my Australians friends and counterparts and make exactally the same judgements "your missing out on life - youre not living - your sacraficing friends, family and real life for money... its not a good life - youre just money hungry"

    The 'sacrifice' you speak of is 'opportunity' to some

    Walk your own path

    Blacky
     
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  10. Propertunity

    Propertunity Well-Known Member

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  11. Hodor

    Hodor Well-Known Member

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    I could earn more, however I choose to enjoy more time off. My income is sufficient to meet my goals long term and I like my job (most days).

    Then again I could earn less and live in an even better location and have more time. Balance is the answer
     
  12. Scott No Mates

    Scott No Mates Well-Known Member

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    Or is the real question:

    "Is living in Australia holding you back?"
     
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  13. kierank

    kierank Well-Known Member

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    Certainly have.
     
  14. EN710

    EN710 Well-Known Member

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    Yes and no for me.
    I mainly get the sense of how lucky I am to be in Australia when I go overseas. More opportunity out there yes, but I don't think I'll be happier.
     
  15. Lacrim

    Lacrim Well-Known Member

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    Wow, that's profound. So true!
     
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  16. The Y-man

    The Y-man Moderator Staff Member

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    Is that how you learnt to hold you breath for a long time? :D

    The Y-man
     
  17. Ted Varrick

    Ted Varrick Well-Known Member

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    Many years ago (and probably in a past life...) I participated ("worked" is probably not an apt description...) in an industry where if you saw a competitor drowning, you'd shove a hose down their throat, just to make sure.

    I wish I had known about the Dalai Lama's take on it a bit earlier...
     
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  18. Xenia

    Xenia Well-Known Member

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    Yes if there was a defined goal and time frame.
     
  19. bashworth

    bashworth Well-Known Member

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    I think lifestyle is every bit as important as investment.

    Some of the people I knew at school have been long dead from a variety of causes. I have always thought that I need to enjoy the 'now' in case I didn't make it to retirement.

    Having an interesting life has always been more important than money so the financial hit of moving to Australia didn't worry me. I have more than once taken a job with lower pay because I was bored with what I was doing and the new job looked interesting.

    Having said that other than holidays I'm not a big spender. I've always owned fairly basic cars and not spent on 'toys' like boats and motorbikes.
     
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  20. MTR

    MTR Well-Known Member

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    balance is important