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Message: <blockquote data-quote="Old One" data-source="post: 2371991" data-attributes="member: 83">Actually, I am a big fan of enjoying the money you have.  Life is short - you only go around once - it only costs a little more to go first-class, etc.  I drive a nice car, take nice vacations and enjoy a relatively high standard of living (by national standards)...but I do it with money I have.What I am not a big fan of is enjoying money you don't have.  Maxed-out credit cards, living paycheck-to-paycheck, buying cars on 5, 6, 7 and 8-year notes (where the car is depreciating far faster than you pay it off) and always having too much month for the money is how many Americans live.  Fine way to go if you want to be a perpetual debtor and never have 2 nickles to rub together.  Not my cup of tea.Start saving $250 per month at age 25 and you end up with ~ $872,000 at age 65 (assuming 8% annually).  Wait until age 35 to start saving because you want to use the extra $250 per month for clubbing, clothes or auto-bling and you end up with only ~ $372,000.  That's a $500,000 opportunity cost...maybe worth it for some...not worth it to me.~ OO</blockquote>