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Would you swap all your assets to be 25 years younger ?

Discussion in 'Investor Psychology' started by keithj, 6th Nov, 2015.

?

Would you swap it all ?

  1. I have few assets & would love to retire if it meant losing 25 of the best yrs of my life

    1 vote(s)
    2.1%
  2. I have few assets & would rather keep my youth & let assets grow over time

    8 vote(s)
    17.0%
  3. I have good assets, but would give them all away to be 25yrs younger & start again

    26 vote(s)
    55.3%
  4. I have good assets, and am happy being old(ish) & rich

    12 vote(s)
    25.5%
  1. keithj

    keithj Well-Known Member

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    Please read the post before responding to the poll


    The small minority of the 20-30 age group tends to vocalise about high house prices & how it was so much easier for the previous generations.

    Some of the previous generations feel they have worked hard, made sacrifices, implemented wise investment strategies & consequently acquired a reasonable amount of assets including a nice PPOR. The primary reason these assets have their present value is because they have grown over a long period of time.

    So the poll is for both the youngsters with few assets, and the older ones with lots of assets.

    For the youngsters the question is ..... Would you swap your youth for enough assets to retire on?. So you get to be 50+ & enough assets to retire. comfortably ? You also get a set of well worn knees (no soccer), you keep losing your glasses & like to be in bed by 9PM :eek:.

    ...and the question for the oldies (and also those well on the way to retirement).... Would you swap everything you own just to be 25 years younger ? You regain your youth and of course you also get to keep your mindset :D.

    And as it's clearly a hypothetical question, for those that don't fall into either category, imagine you were getting old & retired - would you want to start all over again ?

    The answer for me is Yes I'd give it all away in a heartbeat to be 25 yrs younger & start all over again from nothing in todays environment. I believe that time is the most valuable thing we have.
     
  2. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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  3. skater

    skater Capitalist -- www.skatepro.com.au Premium Member

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    Like Keith, I'd swap, no questions asked. There's lots I'd do differently, and there's lots I'd do the same. I'm absolutely positive I could do much better the second time around.
     
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  4. joel

    joel Well-Known Member

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    I wouldn't do it, a) because I have no assets, and b) I don't want to experience being born a 2nd time
     
  5. Jamie_

    Jamie_ Well-Known Member

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    I wouldn't be alive, so no :<
     
  6. D.T.

    D.T. Adelaide Property Manager Business Member

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  7. Ozzie in Texas

    Ozzie in Texas Well-Known Member

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    Hush child. Children should be seen, not heard.:p

    In all honesty, I wouldn't trade my life for anything. I like my age.
     
    Xenia likes this.
  8. BKRinvesting

    BKRinvesting Well-Known Member

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    If I went back 25 yrs I'd be a newborn,
    However something you haven'y mentioned - do you get to keep or lose the knowledge obtained on the way? Because otherwise it wouldn't be too bad - a lot less mistakes to be made twice.
     
    BingoMaster likes this.
  9. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    No way.
    I'm 40 now and just about to live my dream life.
    Going back 25 years would mean doing everything all over again.
     
  10. spludgey

    spludgey Well-Known Member

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    Same here. Not sure how useful an 8 year old property investor would be.

    But if I (and my wife) had the option of staying 33 for the next 25 years, that'd be alright!
     
    Finrod likes this.
  11. Northy85

    Northy85 Well-Known Member

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    I wouldn't want to have another crack at puberty.
     
  12. Scott No Mates

    Scott No Mates Well-Known Member

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    Do I get to keep my asset base that I had 25 years ago?

    I would have been holding Mt Druitt back then.
     
  13. Gockie

    Gockie Be the change you want to see in the world Premium Member

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    Oh yeah... if I could be 14 and start from scratch.... assuming I can build up to the knowledge I have now (and I truly believe I could really quickly)... yes. Absolutely.

    It has to be easier now with information so readily available at your fingertips for those so inclined.... mobile devices... forums, so easy to learn now rather than 25 years ago where it was a lot more trial and error.

    And its so much easier to research property now... before you'd get a big fat weekly book of properties for sale in the area, no maps, 1 black and white photo per property in the book about 3/4 the size of a credit card. Forget about buying interstate... as you would generally know nothing about it you'd generally only buy locally. Research data would have been extremely difficult to come by.

    Airfares were very expensive and I had never taken a flight till I was about 21. Our family holidays were all caravan trips up or down the coast whereas these days, families can go overseas without giving it a second thought.

    I also hated how people would smoke indoors in shopping centres etc... much has changed for the better. :)
     
    Last edited: 6th Nov, 2015
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  14. willair

    willair Well-Known Member Premium Member

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    Maybe not,i would rather just leave it the way it is,or there is a good line from the latest Tom Hanks movie ,Bridge of Spies,where the Russian Spy who is facing death,keeps saying to Tom Hanks who is his Legal person,"Do you think i should worry about that.."
     
  15. citystar

    citystar Well-Known Member

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    Can we vote for the wife to be 25 years younger instead?
     
  16. Random Username

    Random Username Well-Known Member

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    WTF?
     
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  17. chylld

    chylld Well-Known Member

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    Do you like jail time? Because that's how you get jail time ;) (for many members here)

    Back to the OP, what a great question. I believe one of the big challenges of life is finding the right balance between investing in the future and enjoying the now. Many old folk are so poor that all they have is money. On the flip side, you can be having the time of your life but living paycheck to paycheck.

    I've followed a simple process: set some financial goals, set some life experience goals, and consult with experts to make everything happen. Money will not buy you time at the end.
     
    Ostraylia and citystar like this.
  18. Michael_X

    Michael_X Mortgage Broker Business Member

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  19. Big Will

    Big Will Well-Known Member

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    Can I keep my wife the same age for 25 years lol
     
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  20. Brian84

    Brian84 Well-Known Member

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    How about tell me your secrets so I can make a good start ;)