Ever come across the phrase "delayed gratification"? It is good if you are trying to achieve a goal and you are ready to sacrifice everything for it. But does it make sense if you overdo it? If you say "I am going to make as much money as I can till I retire". And then what? How are you going to spend it then? For whom will you live your remaining years then?
Before I advocate "Living Life for today" anymore let me put in a word to the cynics who will point out to the greedy consumerism in the west and the consequences of it, including an ever increasing pile of debt. Yes you need to find a balance between the two train of thoughts.
I suggest live your life in the present. Do as much as you can while you can. Go see places, hike up to mountains and swim in the ocean while your limbs are working fine. Dance to the music, learn to play a new sport, for it might be too late when you decide to let loose. Find a new hobby. Give time and money to charity. Help a needy, a blind cross the street. Pledge to donate your organs after you die. Donate your blood while you are alive. Hey just one time donation can help 5 people.
Don't spend money on fancy gadgets if you don't really need them. I know of people who wasted their money on an iPad and yet go ahead and buy iPad 2. For what?
And after you spend money and see the savings you have, invest it. If equity is not your cup of tea, put it in bonds or fixed deposits. You can double your money in 9 years if you invest in the bonds that have 8% interest rate.
Express your love for someone you love now. Even if it is your family. Just do it now.
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