It's come to the point where I have decent savings and some very limited investments. A good job. Lots of stuff for hobbies. Now, I realize that I could do something like run out and buy a nicer vehicle or other toy and still have living expenses for 6+ months saved up. Like, something top of the line.
But, is it worth it? There's only so much enjoyment you can get out of material possessions. Anything bought new will also depreciate almost instantly.
There are also other options. Several thousand put on a new toy like a sports car or motorcycle could be held onto or used for other purposes. An extended vacation, maybe. An investment in another property. Maybe even business capital for a run at entrepreneurship?
Or, instead of something new and top of the line, a cheaper used toy with less features, and money left to spare?
How much money do you guys allocate to big dollar toys and hobbies? If you could get a top of the line model without really hurting financially and without having to go into debt, would you do it? Or, would you maybe do something else, like take flying lessons, or start a business? Or, do you just keep hoarding money in savings or investments?
Other ideas are certainly welcome.
But, is it worth it? There's only so much enjoyment you can get out of material possessions. Anything bought new will also depreciate almost instantly.
There are also other options. Several thousand put on a new toy like a sports car or motorcycle could be held onto or used for other purposes. An extended vacation, maybe. An investment in another property. Maybe even business capital for a run at entrepreneurship?
Or, instead of something new and top of the line, a cheaper used toy with less features, and money left to spare?
How much money do you guys allocate to big dollar toys and hobbies? If you could get a top of the line model without really hurting financially and without having to go into debt, would you do it? Or, would you maybe do something else, like take flying lessons, or start a business? Or, do you just keep hoarding money in savings or investments?
Other ideas are certainly welcome.