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Originally Posted by burro_blasta
Love this thread!
If I could humbly make a couple book recommendations that I loved and fit the convo:
The Psychology of Money is maybe my favorite on compounding, staying invested, staying simple, etc. Just Keep Buying was also great on these concepts.
Die with Zero was great and sort of the opposite, about enjoying life along the way and not torturing yourself by sacrificing too many life experiences just to max out savings because some people aren’t even able to spend it all in retirement. In short, your three profound life resources are time, money, and health: when you’re young you have time and health, when retired you have time and money, but in your late 30s-early 50s you might have the best reasonable combo of all three so live it up
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You are absolutely correct about the three pillars: time, money, and health. But I would make an adjustment about the youth and health part. You never know how your health will be at any age. Yes, the chances of things happening when you're young is much lower than when you're older. But not at zero. And if you do have a health issue that impacts your life significantly, it's many times at the worst end of the spectrum. An example is if you get hit by cancer even though you've done everything right in living a healthy life style.
Again, it's about finding the balance of saving with the anticipation of living many years but also not to lose sight of the fact tomorrow is not promised to any of us. Outside of health and things we have an influence on, you never know if you get hit by the proverbial bus one day.