Getting depressed with all this saving. :-(

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
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m@ver1ck
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Getting depressed with all this saving. :-(

Post by m@ver1ck » Sun Oct 28, 2018 7:46 pm

So - to get a handle on myself, I decided to go ahead and put pretty much all Taxable cash into CDs, some 10K in bonds, 35 in VTSAX.The rest 200K in MSFT and 100K in AAPL stock just has a lot of long term gains.
And now I'm depressed. New speakers beckon. (My HiFi is around 100K, but I need to upgrade my speakers). Oh, and a new car too. 2010 RAV4 is depressing, and Subaru Forester just too darn uncomfortable to drive.
But stay the course. Planning on saving 55K in retirement accounts (Employer offers mega-backdoor). And 30K in kids 529s.

Any morale support appreciated.

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dwickenh
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Re: Getting depressed with all this saving. :-(

Post by dwickenh » Sun Oct 28, 2018 7:49 pm

M@ver1ck, this is Goose, stay on the target til the mission is complete!!
The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people.” | — Warren Buffett

CascadiaSoonish
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Re: Getting depressed with all this saving. :-(

Post by CascadiaSoonish » Sun Oct 28, 2018 8:08 pm

Maybe give yourself an out, tied to stretch savings goals? something along the lines of "By December 2019 if I get $50K into the 529s and max out my retirement accounts, I'm allowed to buy whatever speaker / car I can afford with the remaining cash on hand"

Sounds like you're doing fine financially, though.

bhsince87
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Re: Getting depressed with all this saving. :-(

Post by bhsince87 » Sun Oct 28, 2018 8:38 pm

$100k hi-fi?

I'm not exactly feeling your pain here...
"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace." Samuel Adams

RudyS
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Re: Getting depressed with all this saving. :-(

Post by RudyS » Sun Oct 28, 2018 9:05 pm

bhsince87 wrote:
Sun Oct 28, 2018 8:38 pm
$100k hi-fi?

I'm not exactly feeling your pain here...100
He didn't say $100K, just 100K. I think that was a metaphor, like giving a dog's age in human years, i.e., old! ---- or were you kidding too? :wink: :wink:
Last edited by RudyS on Sun Oct 28, 2018 9:07 pm, edited 1 time in total.

EddyB
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Re: Getting depressed with all this saving. :-(

Post by EddyB » Sun Oct 28, 2018 9:06 pm

RudyS wrote:
Sun Oct 28, 2018 9:05 pm
bhsince87 wrote:
Sun Oct 28, 2018 8:38 pm
$100k hi-fi?

I'm not exactly feeling your pain here...100
He didn't say $100K, just 100K. I think that was a metaphor, like giving a dog's age in human years, i.e., old!
He also said just 100k in Apple.

sambb
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Re: Getting depressed with all this saving. :-(

Post by sambb » Sun Oct 28, 2018 9:07 pm

age and NW?

Dottie57
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Re: Getting depressed with all this saving. :-(

Post by Dottie57 » Sun Oct 28, 2018 9:17 pm

bhsince87 wrote:
Sun Oct 28, 2018 8:38 pm
$100k hi-fi?

I'm not exactly feeling your pain here...
Me neither. Go and listen to your music - choose something soothing. The key is to enjoy what you have.

mikeyzito22
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Re: Getting depressed with all this saving. :-(

Post by mikeyzito22 » Sun Oct 28, 2018 9:31 pm

m@ver1ck wrote:
Sun Oct 28, 2018 7:46 pm
So - to get a handle on myself, I decided to go ahead and put pretty much all Taxable cash into CDs, some 10K in bonds, 35 in VTSAX.The rest 200K in MSFT and 100K in AAPL stock just has a lot of long term gains.
And now I'm depressed. New speakers beckon. (My HiFi is around 100K, but I need to upgrade my speakers). Oh, and a new car too. 2010 RAV4 is depressing, and Subaru Forester just too darn uncomfortable to drive.
But stay the course. Planning on saving 55K in retirement accounts (Employer offers mega-backdoor). And 30K in kids 529s.

Any morale support appreciated.
For some of us, 100K in APPL is more than our net worth. I have a RAV 2000. So, now who is depressed. 1st world problems.

Momus
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Re: Getting depressed with all this saving. :-(

Post by Momus » Sun Oct 28, 2018 9:40 pm

Speakers that cost 100k... I'm lost for words :oops:

How about selling those and get 2 new cars :|

Better yet, don't... Dump it all to index

depressed
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Re: Getting depressed with all this saving. :-(

Post by depressed » Sun Oct 28, 2018 9:45 pm

Stay the course.
Sell the hifi.
Buy a transistor radio and a bean bag.
Don't be
--depressed

finite_difference
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Re: Getting depressed with all this saving. :-(

Post by finite_difference » Sun Oct 28, 2018 10:20 pm

You have a $100,000 sound system?

The geek in me really wants to know more details ;)
The most precious gift we can offer anyone is our attention. - Thich Nhat Hanh

Teague
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Re: Getting depressed with all this saving. :-(

Post by Teague » Sun Oct 28, 2018 10:22 pm

Depressed from saving? Only one thing to do:

Fire up the stereo and put on some blues.
Semper Augustus

Teague
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Re: Getting depressed with all this saving. :-(

Post by Teague » Sun Oct 28, 2018 10:28 pm

finite_difference wrote:
Sun Oct 28, 2018 10:20 pm
You have a $100,000 sound system?

The geek in me really wants to know more details ;)
Oh, probably the usual: vintage tube preamp and amp, electrostatic drivers, oxygen-free cables...and Mark Levinson himself working as his personal disc jockey :D
Semper Augustus

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wabbajack
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Re: Getting depressed with all this saving. :-(

Post by wabbajack » Sun Oct 28, 2018 11:00 pm

m@ver1ck wrote:
Sun Oct 28, 2018 7:46 pm
Oh, and a new car too. 2010 RAV4 is depressing, and Subaru Forester just too darn uncomfortable to drive.
I just drove a Mercedes SL for 4 hours last night. Now I'm depressed that I have to get back into my pedestrian car (2017 Cadillac) for the rest of my life.
You're not alone.

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Re: Getting depressed with all this saving. :-(

Post by White Coat Investor » Sun Oct 28, 2018 11:17 pm

m@ver1ck wrote:
Sun Oct 28, 2018 7:46 pm
So - to get a handle on myself, I decided to go ahead and put pretty much all Taxable cash into CDs, some 10K in bonds, 35 in VTSAX.The rest 200K in MSFT and 100K in AAPL stock just has a lot of long term gains.
And now I'm depressed. New speakers beckon. (My HiFi is around 100K, but I need to upgrade my speakers). Oh, and a new car too. 2010 RAV4 is depressing, and Subaru Forester just too darn uncomfortable to drive.
But stay the course. Planning on saving 55K in retirement accounts (Employer offers mega-backdoor). And 30K in kids 529s.

Any morale support appreciated.
Find a balance. If you feel deprived you won't be able to stay the course long term. Better to blow $20K than blow the whole plan.
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course

chevca
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Re: Getting depressed with all this saving. :-(

Post by chevca » Mon Oct 29, 2018 6:21 am

If you're saving to the point of being depressed about your life and your stuff, I feel you're doing it wrong. Just my opinion though. As said, find a balance to get you above the depression line.

TheOscarGuy
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Re: Getting depressed with all this saving. :-(

Post by TheOscarGuy » Mon Oct 29, 2018 7:01 am

m@ver1ck wrote:
Sun Oct 28, 2018 7:46 pm
So - to get a handle on myself, I decided to go ahead and put pretty much all Taxable cash into CDs, some 10K in bonds, 35 in VTSAX.The rest 200K in MSFT and 100K in AAPL stock just has a lot of long term gains.
And now I'm depressed. New speakers beckon. (My HiFi is around 100K, but I need to upgrade my speakers). Oh, and a new car too. 2010 RAV4 is depressing, and Subaru Forester just too darn uncomfortable to drive.
But stay the course. Planning on saving 55K in retirement accounts (Employer offers mega-backdoor). And 30K in kids 529s.

Any morale support appreciated.
I thought you get happy with all the savings (although my choice of savings vehicle would have been different).
Would it help visualizing 'what if' scenarios? Here -- what if I don't save as much for retirement, would my kids take care of me in old age when I don't have any savings? Would I be able to live as I can not afford healthcare in old age? I don't know if that makes you feel better, but I tried.

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jabberwockOG
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Re: Getting depressed with all this saving. :-(

Post by jabberwockOG » Mon Oct 29, 2018 7:14 am

Sounds like you are doing very well financially. How about a no cost solution? Too much focus on acquiring "stuff" is not good. New or more expensive stuff will provide little to relieve depression and/or need for satisfaction/meaning in life. Instead shift some focus from acquiring better/more things to acquiring better levels of fitness/health (usually very low cost), and acquiring better levels of self worth/satisfaction ( via low or no cost engagement and giveback with local community and volunteer work).

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3CT_Paddler
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Re: Getting depressed with all this saving. :-(

Post by 3CT_Paddler » Mon Oct 29, 2018 7:36 am

That's a nice humble brag. :D

Maybe find a worthy need you can contribute to and make a difference in another person's life?

annielouise
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Re: Getting depressed with all this saving. :-(

Post by annielouise » Mon Oct 29, 2018 7:53 am

How about some perspective:

In 2019 we will save $55k towards retirement.
Our gross income (salary) will be $135k.
We feel incredibly fortunate to have an income in the fifth quintile when so many people struggle for basic necessities.
We get virtually everything we want (except medical care because the cost is unknown is advance, so we skip much of that).

mak1277
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Re: Getting depressed with all this saving. :-(

Post by mak1277 » Mon Oct 29, 2018 7:57 am

I feel your pain OP...saving is definitely boring. It's like eating vegetables...you know it's the right thing to do but boy does it suck compared to eating bacon.

alfaspider
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Re: Getting depressed with all this saving. :-(

Post by alfaspider » Mon Oct 29, 2018 7:58 am

m@ver1ck wrote:
Sun Oct 28, 2018 7:46 pm
So - to get a handle on myself, I decided to go ahead and put pretty much all Taxable cash into CDs, some 10K in bonds, 35 in VTSAX.The rest 200K in MSFT and 100K in AAPL stock just has a lot of long term gains.
And now I'm depressed. New speakers beckon. (My HiFi is around 100K, but I need to upgrade my speakers). Oh, and a new car too. 2010 RAV4 is depressing, and Subaru Forester just too darn uncomfortable to drive.
But stay the course. Planning on saving 55K in retirement accounts (Employer offers mega-backdoor). And 30K in kids 529s.

Any morale support appreciated.
Keep in mind that money is just a tool. What are you saving for? For me, the peace of mind and freedom that comes with having money in the bank is far more satisfying than having luxury items.

The hifi is a rather odd point, but understand you will never reach the perfection you seek. There's always something better around the corner. If you'd like to save money, perhaps switch to headphones for your audiophilia? Or, even better, learn to play an instrument- the ultimate hifi!

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TeamArgo
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Re: Getting depressed with all this saving. :-(

Post by TeamArgo » Mon Oct 29, 2018 8:16 am

Every year or two, I splurge and have my old Prius detailed. It helps me feel better about driving my old car around. Maybe that would help you feel better about your RAV4?
"Florida Man", Doing stupid stuff so you don't have to!

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Earl Lemongrab
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Re: Getting depressed with all this saving. :-(

Post by Earl Lemongrab » Mon Oct 29, 2018 11:58 am

mak1277 wrote:
Mon Oct 29, 2018 7:57 am
I feel your pain OP...saving is definitely boring. It's like eating vegetables...you know it's the right thing to do but boy does it suck compared to eating bacon.
Perhaps for some. I enjoy saving and dislike spending. But then again my wants and needs are simple so I don't deprive myself of anything.

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m@ver1ck
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Re: Getting depressed with all this saving. :-(

Post by m@ver1ck » Mon Oct 29, 2018 12:01 pm

Thanks all around, folks. This helped.

For folks wondering about the HiFi - It's a Naim system.
ND555 network player, Nac 552 preamp, Nap 500 Amp. This gear is built to last - Naim still services stuff then made 35 years ago - and can restore it to like new condition. List on this would be around $92K, but I was lucky to get the preamp at dealer cost, and the ND555 at a substantial discount. The Nap 500 amp I bought s/h - it was serviced last year by the original owner and bought to original spec so I paid less than 1/2 retail. Total spend was around 55K. So now the speakers are a bottleneck. The speakers again will probably be the last speakers I ever buy (I'm 42), and given the fact that this is the only big spend, I guess I could splurge on the speakers - looking at trading my old ones in, and probably spend an additional $7K or $14K on a new set.

The electronics should last me a good 15 years before it needs a service. In terms of depreciation - with Naim I could sell it at the end of 15 years and recoup what I paid for it. (Sure - money in VTSAX would compound, but you just live ...).

So - I'll probably get new speakers, and drive my old car. The HiFi system is used all the time at home - so is more important, I guess. Sure, a $1K sony would do too, but I digress...

Mad at VW, Audi, BWM etc - my 24K Subaru has driver assistance and safety features standard that you only get on European vehicles at the 50K level (Audi Prestige...) - so maybe a boycott is an order..

Reason to save - mostly for a rainy day - Who knows what curveballs life will throw...

I make $300K currently - but work in highi stress IT - so probably will be want to call it a day at 55.
The goal is to be financially independent enough that I could afford to not work if I didn't feel like - or could afford to take a lower paying job that I'm more interested in. It will be great not to have to work for $$.

In any case, have elected pay-roll deductions to deduct 55K towards retirement, and 25K towards 529s. Our 15 year mortgage (3500/month) has another 10 years to go. I could write a check for the car this year if I really wanted to, but that would not be smart...
Last edited by m@ver1ck on Mon Oct 29, 2018 12:12 pm, edited 3 times in total.

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hdas
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Re: Getting depressed with all this saving. :-(

Post by hdas » Mon Oct 29, 2018 12:08 pm

Earl Lemongrab wrote:
Mon Oct 29, 2018 11:58 am

Perhaps for some. I enjoy saving and dislike spending. But then again my wants and needs are simple so I don't deprive myself of anything.
This is an interesting predicament of the human existence, the subjectivity of well being. Some will say that Mr. Earl Lemongrab lives a deeply materialistic and self-indulging life full of completely unnecessary things, and prisoner of many desires. And they don't deprive themselves of anything.
"whenever there is a randomized way of doing something, then there is a nonrandomized way that delivers better performance but requires more thought" ET Jaynes

tchoupitoulas
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Re: Getting depressed with all this saving. :-(

Post by tchoupitoulas » Mon Oct 29, 2018 12:42 pm

OP is exhibiting an extreme case of hedonic adaptation. Here's an idea: take the bus or ride your bike for a month, then come back and tell me that your Subaru is "too uncomfortable to drive." If that sounds too spartan, go on a camping trip. I find that they help reset my internal clock on what counts as "uncomfortable" vs. "unimaginable luxury."

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m@ver1ck
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Re: Getting depressed with all this saving. :-(

Post by m@ver1ck » Mon Oct 29, 2018 1:14 pm

tchoupitoulas wrote:
Mon Oct 29, 2018 12:42 pm
OP is exhibiting an extreme case of hedonic adaptation. Here's an idea: take the bus or ride your bike for a month, then come back and tell me that your Subaru is "too uncomfortable to drive." If that sounds too spartan, go on a camping trip. I find that they help reset my internal clock on what counts as "uncomfortable" vs. "unimaginable luxury."
Thanks. Looking up that term, it makes sense. For what it's worth, I broke my foot several years ago. I got used to that pretty quickly too. It didn't really make me that unhappy after a couple of days. You just suck it up and get used to it.

I was extremely happy driving my RAV4 to work this morning. Driving it was saving me $800 a month in car payments. Another way to look at it - The $50K invested would allow to me retire a year earlier 15 years from now, if I chose to do so.

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Re: Getting depressed with all this saving. :-(

Post by bloom2708 » Mon Oct 29, 2018 1:17 pm

OP, Sell your $100k HiFi (haven't heard that term since my 107 year old grandmother passed away).

Sell your Apple and Microsoft.

Buy Total Market index funds, a $10/month Apple Music subscription and a nice Bluetooth speaker to stream to. $200 vs $100k. :wink:
"We are not here to agree with you; we are here to provoke thoughtfulness." Unknown Boglehead

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Re: Getting depressed with all this saving. :-(

Post by Artful Dodger » Mon Oct 29, 2018 1:17 pm

Looks like you're doing well with the automatic part of investing / savings. My goal was always to get the investing on auto-pilot, then splurge a little on living. In our case it was usually more experiences / travel. In your case, it is high end audio. If you could write a check for the car, a set of $14k speakers should be no problem. You could always reward yourself with a sale of some Apple and MS stock, and just pay the capital gains. Delay the car decision some.

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Earl Lemongrab
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Re: Getting depressed with all this saving. :-(

Post by Earl Lemongrab » Mon Oct 29, 2018 1:19 pm

hdas wrote:
Mon Oct 29, 2018 12:08 pm
Earl Lemongrab wrote:
Mon Oct 29, 2018 11:58 am

Perhaps for some. I enjoy saving and dislike spending. But then again my wants and needs are simple so I don't deprive myself of anything.
This is an interesting predicament of the human existence, the subjectivity of well being. Some will say that Mr. Earl Lemongrab lives a deeply materialistic and self-indulging life full of completely unnecessary things, and prisoner of many desires. And they don't deprive themselves of anything.
I'm sure that some MMM people would consider my spending needlessly extravagant. I pay for cable TV after all! And go to hockey games!! Most here would consider my lifestyle pretty simple and frugal.

squirm
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Re: Getting depressed with all this saving. :-(

Post by squirm » Mon Oct 29, 2018 1:20 pm

Maybe invest in therapy sessions, otherwise I really don't understand the post.

researcher
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Re: Getting depressed with all this saving. :-(

Post by researcher » Mon Oct 29, 2018 1:22 pm

squirm wrote:
Mon Oct 29, 2018 1:20 pm
Maybe invest in therapy sessions, otherwise I really don't understand the post.
+1

etherlinkage
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Re: Getting depressed with all this saving. :-(

Post by etherlinkage » Mon Oct 29, 2018 1:24 pm

squirm wrote:
Mon Oct 29, 2018 1:20 pm
Maybe invest in therapy sessions, otherwise I really don't understand the post.


DING DING DING
Save early, save aggressively, and stay the course.

BlackcatCA
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Re: Getting depressed with all this saving. :-(

Post by BlackcatCA » Mon Oct 29, 2018 1:40 pm

There are literally millions of starving children in Yemen. Read the New York Times article, sell the hifi and make a donation. You can afford it and it will make you feel better. Seriously!

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m@ver1ck
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Re: Getting depressed with all this saving. :-(

Post by m@ver1ck » Mon Oct 29, 2018 2:23 pm

I already do that, and my employer matches this 100%. :happy
Even better - I also donate my appreciated ESPP stock. No cap gains. :D

This does get us dangerously close to the politics of selling arms to the saudis.

It would be great if there was a VTSAX with a everything but companies I don't want to support option. Something like a negative mutual fund.

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Re: Getting depressed with all this saving. :-(

Post by Cycle » Mon Oct 29, 2018 2:30 pm

Earl Lemongrab wrote:
Mon Oct 29, 2018 1:19 pm
I pay for cable TV after all! And go to hockey games!!
Making it rain! Careful or you'll end up like MC Hammer /s
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Re: Getting depressed with all this saving. :-(

Post by LadyGeek » Mon Oct 29, 2018 4:16 pm

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