Irresponsible spenders consumes their retirement resources and losses values.

[EluguHcman]

This whole "live for today" thing? Where people blow cash like it's gonna grow back on trees? It's not just dumb, it's dangerous. It's screaming a lack of foresight, a lack of basic planning. Yeah, yeah, the rush of spending feels good in the moment, but that's not living, that's being reckless. It's not just high-rollers at casinos, it's everywhere: people spending way beyond their means, chasing that quick hit of good feeling that comes with buying stuff. They prioritize the now, forget about the future...and who's there for them when things go south?

You are on point to the reality of this part of life slapper.
Some people actually struggles in life at a moment just to satisfy the now and if they are lucky to hit the jackpot they feels relaxed and contented with what has got to o their pockets and how they feels in how to utilize their funds is basically spending on the pools of pleasures and acquiring liability items.

They may actually feel that the firm and the lottery will always be favorable to them at anytime time they needed the funds as if they got some personal money loaded and got saved in their.

How strange it feels like they are financial consumers  whom had run psycho believing they got inexhaustible funds in an ATM while spending lavishly without a thought of the future ever possible to meet their retirement when they can not strive to put things to generate finance in place any longer.

They trade real happiness for that fleeting rush. And when it all blows up in their faces (the savings gone, the bad debt piling up) then it's "if only I knew better". But they'll do it again because they haven't addressed the root problem: their mindset. That's the hard part, fixing HOW they think about money. And guess what? Society is part of the problem. We glorify spending, but we don't talk about the fallout. It's up to us to be smarter, challenge this idea that living well means spending until it hurts

And when they runs out of funds to the south ways after reckless spendings, the bills and debts piles up, all those winning and dinning with you scammers and you would be left on no one to hold responsible because you were not reasonable during when. You were on funds.

[1714661028]

1714661028

[WatChe]

Well that's true, there are a few people who really have that mindset in life, They always say the word YOLO means You only live once, so you need to enjoy what you have now because we are not sure what awaits us in the future. Those words commonly come from people who have the means in life, They are the ones who grew up with generational wealth and don't experience struggles in life and I think that's fine as long as they didn't harm others life. Let them do the things they want, afterall it's their own business, maybe it's better to focus in our own businesses too because we have different states in life. Not all people are like us and if we think they have a wrong mindset, they will eventually realize it.

I think it's best to keep balance between your spending and savings. This is also right that YOLO, so enjoy your life as much as you can but within your financial limits. There are people who take loans from banks or other people to do stuff like buying new car or go out for vacations. Such people are losers in the long run. We have to understand that there will be a point in life when we need money i.e. when we grow old and don't have energy to earn money. That's the time when your savings will be there to help you out. 

[Jody.Drummer]

I think it's best to keep balance between your spending and savings. This is also right that YOLO, so enjoy your life as much as you can but within your financial limits. There are people who take loans from banks or other people to do stuff like buying new car or go out for vacations. Such people are losers in the long run. We have to understand that there will be a point in life when we need money i.e. when we grow old and don't have energy to earn money. That's the time when your savings will be there to help you out. 

We should be able to manage our own expenses and income, because we are responsible for all the money we have. adjust income to what we need and want, don't let us have income but sometimes we experience difficulties such as when payday arrives, and after a few days after we receive our salary we are surprised by the money that is almost gone. In fact, this often happens, including with a friend of mine who experienced something like this, because when he received his salary he immediately spent it as he pleased without thinking about the costs of surviving in the future.

and with that, he borrowed money, but not from the bank, but from his fellow workers. With this, I think it is very important for us to be able to manage our finances, including our expenses and income. Don't let us borrow money just to fulfill a temporary desire for style. as you said, by borrowing money to buy a car, in my opinion that is too much pressure.

[Webetcoins]

Let that guy enjoy his life, man . You never know what he has been through or how he is earning his money. Maybe he has retired already and has people working for him who earn money for him to spend and live a luxurious life because there are a lot of businessmen in the world who can live such lives forever because they have everything they need in life including sources of income that keeps earning money for them.

We should only blame someone for spending money this way if we know they don't have anything planned for their future and they are not using the money to build businesses and assets but instead they are spending all their money on partying and enjoying themselves with friends every day.

[shinratensei_]

Let that guy enjoy his life, man . You never know what he has been through or how he is earning his money. Maybe he has retired already and has people working for him who earn money for him to spend and live a luxurious life because there are a lot of businessmen in the world who can live such lives forever because they have everything they need in life including sources of income that keeps earning money for them.

We should only blame someone for spending money this way if we know they don't have anything planned for their future and they are not using the money to build businesses and assets but instead they are spending all their money on partying and enjoying themselves with friends every day.

at the end of the day there are people that live with the ideal of you only live once and justify their behaviour of overspending I think these honestly are also justified as long as they know that such luxurious spending also comes with consequence if they doesn't have any fixed income that is high in rates as well.

though speaking of people there are some old people that just want to enjor their well saved money in their retirement age, its completely justified as well, after all, a money that doesn't get spent, in the lifetime of the money owner, is a wasted money i presume, therefore never judge too early.
there are people that have opinion that we don't know whether we still gonna live until 70++ year so they just make the best of what they have right now to make themselves happy.

[kryptqnick]

Ignoring one's wife and having an expensive dinner with someone else instead sounds like a sign of a problematic relationship to me. I also agree that it's better to have at least some savings if a person can afford them.
As for retirement, though, I've recently watched a video on the US retirement system, and how it's bad that people are allowed to take money out of their retirement funds when they feel like they need to, and how it's impossible in many countries. I think retirement savings should be organized in a way that a person's making those savings (and investments) just by virtue of working, and that money can't be taken out of the fund (unless there's a true emergency and/or a terminal disease, perhaps).

[junder]

We should be able to manage our own expenses and income, because we are responsible for all the money we have. adjust income to what we need and want, don't let us have income but sometimes we experience difficulties such as when payday arrives, and after a few days after we receive our salary we are surprised by the money that is almost gone. In fact, this often happens, including with a friend of mine who experienced something like this, because when he received his salary he immediately spent it as he pleased without thinking about the costs of surviving in the future.

and with that, he borrowed money, but not from the bank, but from his fellow workers. With this, I think it is very important for us to be able to manage our finances, including our expenses and income. Don't let us borrow money just to fulfill a temporary desire for style. as you said, by borrowing money to buy a car, in my opinion that is too much pressure.

Yes I agree with that, indeed we are fully responsible for the finances we have. We must be able to manage our finances as well as possible because we who have income and we who have full control of the income we have. If we cannot manage finances well, what will happen is only difficult. Actually it doesn't matter if we spend the money we make, it's just that we need to have a limit, because it is not possible if the money we have is spent only for shopping while other things that are more important are not considered as basic needs and also pay this bill That.

Indeed, it often happens about borrowing money whether it's from the bank or friend's own, but borrowing money from a friend is not easy, because in my opinion the name of money is sensitive, even let alone with other people, in my opinion with your own relatives usually when the money problem sensitive.

[spectre71]

Maybe his wife is real work of art. So instead of giving a ton of money to lawyers and half the remainder to her he is just going to treat himself to a nice time.

I get it.

[Casdinyard]

While most of us thinks that there are only addicted gamblers who are reckless spenders, I want to let us know too that there are other reckless spenders who are even Irresponsible to their responsibilities and bringing about devalues to their influential personalities.

While in a sit out with friends last night, there was this honourable looking man who whose table was served with lot of expressive wines and edibles alongside with his friends too, While he is sitted very close to me, he was bragging and was even louder than the MC with the microphone saying... Life is sweet and we all have just one life so lets enjoy it to the fullest because while we are strong and healthy today, some are dead while some are in hospital.
Meanwhile we that are here do not know about our tomorrow so... Let's catch up the cruise of today because we are not sure of our tomorrow.
So he called in the waiter with more order placed.
As time goes but he was having incoming calls that he refused to answer and at last the call came I noticed he stored the number with My Wife and then he shutdown the phone to have his peace and concentrate on his enjoyment.

I am not sure of my instincts towards this man but with experiences from people of such nature, they are ones who lavishes their money on pleasures and does not have plans for their futures, they ends up regreting after much expenses when they runs out of funds. Then, they feels remorseful to had lavished their money on unnecessary expenditures and feels they had learnt their lessions but when they refills their pockets again they lost their responsible minds.
Meanwhile... They are usually the kind of people that budgets their incomes on unproductive and Irresponsible expenditures rather than spending on their families or even outdoors responsible spendings.

These are usually the set of persons that says... Had I know and once upon a time during their old ages after they must have spent their retirement resource at their youthful ages and end up being disregarded in the family and looses their influential values around the societies.

I wouldn't be too quick to judge anyone, regardless of how fucked up they act, does he emanate the energy of a textbook asshole? Yes, but in my opinion, that doesn't necessarily mean they are an eligible dumbfuck who lives off of inconveniencing people and telling them that he is better than anyone else in the room. And he's with friends too, in my opinion, long as you get your permission to go from the wife you're good to go, and them being married means they have a good idea of how this guy acts when having fun.

Perhaps I'm being the devil's advocate here but the thing is that it's so easy to scrutinize people from the first impression they made with us, I'm pretty sure this guy just knows how to have fun and is utterly annoyed by a wife that's too controlling that even when they were having fun she wanted to keep tabs on him. Plus chances are this guy's able to pay for his shit anyway, I say do what you want with your money, at the end of the day you're not gonna be able to keep these riches when you die, so make the most out of it while you're still here yeah?

[Mpamaegbu]

Meanwhile we that are here do not know about our tomorrow so... Let's catch up the cruise of today because we are not sure of our tomorrow.

While I believe that whatever people eat or buy with their (own) money shouldn't be judged wasteful, I'm of the opinion that anyone who says let's enjoy today because we don't know what tomorrow holds for us isn't a wise person. Tomorrow can come with its own vicissitudes and anyone without saved up cash may not be able to deal with it. Tomorrow shouldn't be toyed with. That man wasn't a man of wisdom for allegedly making that comment.

As time goes but he was having incoming calls that he refused to answer and at last the call came I noticed he stored the number with My Wife and then he shutdown the phone to have his peace and concentrate on his enjoyment.

We don't know what took him to that joint, it could be wife's nagging at home and he wanted to get his peace of mind. If it was that, I can't judge him harshly. However, if he ordinarily left home to hang out with his friends and to spend heavily on them and then refused to pick or return his wife's call he acted childishly.

[junder]

~snip~

Yes, no matter how much income we have, if we cannot manage our finances well then there will be no visible results from that income. If indeed we have income that helps us meet our needs then we must maintain it. with the story you mentioned, I think they think short, this happened to my own older brother, where when he had no income and money to handle he sold everything he had without hesitation. I often admonished him to have certain boundaries by not selling everything he owned and told him to look for work but he remained stubborn so he continued to follow what he thought, until in the end I was the one responsible for all his pocket money, and that was annoying. .

The hope is that we just adapt to what we have, if our income or income is not too much then don't force yourself to look luxurious just because you want praise from other people. I think it's better to appear simple with what is as long as we don't lack in terms of money, needs and income earned.

[Promocodeudo]

Everyone with the way they understood life, if they see's life as something one needs to enjoy without making a proper investment then that is the way they viewed their lives. But those with the conscience and conscious of becoming penurious would always go for investment and wise spending. Naturally I don't see any need for someone to go waste money for that are necessary for the to spend that much although, there is nothing wrong when someone spend a dollar or 2 over a bottle of drink or food, but there should be a limits to how men spend on irrelevant things because life we say doesn't end immediately when we finished every money we have worked for.

Some people feel that feel that life needs to be enjoyed once you are life, so investment looks like a trash to this kind of persons, there are different set of persons, people with wasteful life and people with cautious spending habit, it is normal for this art of persons to exist, most times people that are not reckless in spending are seen as stingy people no matter what they do they are not regarded as liberal people but their is something that's sure that I know, spending should be minimized by man who really wants to invest for the future, for one to be rich or prosperous in life there should be plan on ground for such modest or materialize, making investment part of you will help you to know that the future exist in the reality, though I didn't say that we shouldn't eat or buy things that we like rather am of the opinion that money should be spent meaningfully.

[FanEagle]

Irresponsible people living a happier life is the part that I feel horrible about. First of every single month, I end up trying to hold back my tears from seeing the amount of debt I have to pay and somehow manage to live, and I am not someone who lives an expensive life, I just had some terrible stuff happened in my life medically, not to me but to my loved ones and I am trying to pay back that debt and I am having so much trouble, I literally spend weeks every year just eating ramen noodles and potatoes back to back, just to make sure I can afford to pay my debts.

Later I see my friends who have absolutely no money at all, going to vacations with credit card debt, and somehow manage to pay it back eventually, and that makes me go mad.

[ChiBitCTy]

While most of us thinks that there are only addicted gamblers who are reckless spenders, I want to let us know too that there are other reckless spenders who are even Irresponsible to their responsibilities and bringing about devalues to their influential personalities.

While in a sit out with friends last night, there was this honourable looking man who whose table was served with lot of expressive wines and edibles alongside with his friends too, While he is sitted very close to me, he was bragging and was even louder than the MC with the microphone saying... Life is sweet and we all have just one life so lets enjoy it to the fullest because while we are strong and healthy today, some are dead while some are in hospital.
Meanwhile we that are here do not know about our tomorrow so... Let's catch up the cruise of today because we are not sure of our tomorrow.
So he called in the waiter with more order placed.
As time goes but he was having incoming calls that he refused to answer and at last the call came I noticed he stored the number with My Wife and then he shutdown the phone to have his peace and concentrate on his enjoyment.

I am not sure of my instincts towards this man but with experiences from people of such nature, they are ones who lavishes their money on pleasures and does not have plans for their futures, they ends up regreting after much expenses when they runs out of funds. Then, they feels remorseful to had lavished their money on unnecessary expenditures and feels they had learnt their lessions but when they refills their pockets again they lost their responsible minds.
Meanwhile... They are usually the kind of people that budgets their incomes on unproductive and Irresponsible expenditures rather than spending on their families or even outdoors responsible spendings.

These are usually the set of persons that says... Had I know and once upon a time during their old ages after they must have spent their retirement resource at their youthful ages and end up being disregarded in the family and looses their influential values around the societies.

This is really sort of an odd story or I guess kind of hard to understand what you mean by telling this story but I guess if I think I know what you're saying, or if I'm picking it up correctly..I see this all the time.  So many people blow money early in retirement and don't know how to make it last.  I think it's one of the most common occurrences I come across in the world of finance.

[WatChe]

Some people feel that feel that life needs to be enjoyed once you are life, so investment looks like a trash to this kind of persons, there are different set of persons, people with wasteful life and people with cautious spending habit, it is normal for this art of persons to exist, most times people that are not reckless in spending are seen as stingy people no matter what they do they are not regarded as liberal people but their is something that's sure that I know, spending should be minimized by man who really wants to invest for the future, for one to be rich or prosperous in life there should be plan on ground for such modest or materialize, making investment part of you will help you to know that the future exist in the reality, though I didn't say that we shouldn't eat or buy things that we like rather am of the opinion that money should be spent meaningfully.

There must be balance between your spending and savings. There are people who only used to save money and make there life miserable by not spending on themselves. Life is full of ups and downs, so one must has adequate savings to deal with any emergency like health issues. To avoid going for bank loans or using credit card it's advisable to use your own savings. Those who only enjoy life and have zero savings have a terrible ending.

[Silberman]

Irresponsible people living a happier life is the part that I feel horrible about. First of every single month, I end up trying to hold back my tears from seeing the amount of debt I have to pay and somehow manage to live, and I am not someone who lives an expensive life, I just had some terrible stuff happened in my life medically, not to me but to my loved ones and I am trying to pay back that debt and I am having so much trouble, I literally spend weeks every year just eating ramen noodles and potatoes back to back, just to make sure I can afford to pay my debts.

Later I see my friends who have absolutely no money at all, going to vacations with credit card debt, and somehow manage to pay it back eventually, and that makes me go mad.

No point getting mad over what your friends can do, so even if your life is hard right now, at least you did not put yourself in that position due to a bunch of dumb decisions, so given enough time you should recover your former life and most likely you will save enough so even those emergencies cannot shake your life the same way they did already, while your friends will eventually take on too much debt, a few things will not go their way and then they will be drowning on debt.

[Dewi Aries]

Some people feel that feel that life needs to be enjoyed once you are life, so investment looks like a trash to this kind of persons, there are different set of persons, people with wasteful life and people with cautious spending habit, it is normal for this art of persons to exist, most times people that are not reckless in spending are seen as stingy people no matter what they do they are not regarded as liberal people but their is something that's sure that I know, spending should be minimized by man who really wants to invest for the future, for one to be rich or prosperous in life there should be plan on ground for such modest or materialize, making investment part of you will help you to know that the future exist in the reality, though I didn't say that we shouldn't eat or buy things that we like rather am of the opinion that money should be spent meaningfully.

There must be balance between your spending and savings. There are people who only used to save money and make there life miserable by not spending on themselves. Life is full of ups and downs, so one must has adequate savings to deal with any emergency like health issues. To avoid going for bank loans or using credit card it's advisable to use your own savings. Those who only enjoy life and have zero savings have a terrible ending.

Yes it is true that balance must remain a priority, saving is good but make sure to prioritize your life, or that means when you get an income then it is better to prioritize your basic needs first and if for example there is money left over then yes you can allocate it to savings as one of the measures for prevention when an urgent unexpected situation comes. However, thinking long and wisely is the solution in terms of financial management, because being rational and wise will make you make decisions that are right and in accordance with the conditions.

But sometimes there are always some people who do not think about their future or have no worries about anything that will happen in the future such as some unexpected events that force you to spend some money to overcome the problem, they are usually more concerned with momentary pleasures such as spending all the money they have for something that is actually not very important which in the end they are trapped in debt when unexpected events come.

[boty]

There must be balance between your spending and savings. There are people who only used to save money and make there life miserable by not spending on themselves. Life is full of ups and downs, so one must has adequate savings to deal with any emergency like health issues. To avoid going for bank loans or using credit card it's advisable to use your own savings. Those who only enjoy life and have zero savings have a terrible ending.

If someone can manage their spending and savings of course it will be very easy for them to be able to have investments that they can run well, when someone chooses to save and restrain themselves from spending their money of course this is very stupid because they have taken the trouble they suck at making money and they don't enjoy it themselves.

Preparing for emergency needs is of course very important to be able to meet these needs because we ourselves never know when we will need these needs and if we don't have savings that we can use of course it will be very difficult to meet these needs and avoid bank loans for things that It's not necessary, of course it's very good because if we have a bank loan, of course this will make it very difficult for us to pay it off if we don't have income that we can use to pay it.

[Jegileman]

There are a lot of contradictions to this as everyone as different ways they will view it and for those that will benefit from the type and nature of the man, they will be glad he does so and will pray he continues in such manner. For those that have nothing to benefit, they will just assume what type of man is that or what it is up to or can equally abuse the hell out of him for spending lavishly when he’s suppose to be saving. I have got to a point where I don’t care what other people do with their lives as long as it doesn’t affects other peoples means of livelihood. You own your life, you’ve been living it everyday and one day you’ll definitely die. So enjoy it while you’re still alive before kicking the bucket.

[angrybirdy]

There must be balance between your spending and savings. There are people who only used to save money and make there life miserable by not spending on themselves. Life is full of ups and downs, so one must has adequate savings to deal with any emergency like health issues. To avoid going for bank loans or using credit card it's advisable to use your own savings. Those who only enjoy life and have zero savings have a terrible ending.

If someone can manage their spending and savings of course it will be very easy for them to be able to have investments that they can run well, when someone chooses to save and restrain themselves from spending their money of course this is very stupid because they have taken the trouble they suck at making money and they don't enjoy it themselves.

Preparing for emergency needs is of course very important to be able to meet these needs because we ourselves never know when we will need these needs and if we don't have savings that we can use of course it will be very difficult to meet these needs and avoid bank loans for things that It's not necessary, of course it's very good because if we have a bank loan, of course this will make it very difficult for us to pay it off if we don't have income that we can use to pay it.

Indeed, having an emergency fund is very important nowadays because we really don't know what will going to happen in the near future, just like when pandemic strikes us, some people aren't prepared because they are all complacent on what they currently have, without preparing theirselves, so in the end, majority runs out their savings and some of their investment has been sold due to emergency needs.