Would you trade all of your wealth to be 20 again?

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities

Would you?

ja, yes.
112
51%
nein, no
108
49%
 
Total votes: 220

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joha31
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Re: Would you trade all of your wealth to be 20 again?

Post by joha31 »

Absolutely.I am 26 now and have no regrets. I would just like to experience it all again. As long as my wife can come back with me that is.
"You miss 100% of the shots you don't take. -Wayne Gretzky" -Michael Scott
scrabbler1
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Re: Would you trade all of your wealth to be 20 again?

Post by scrabbler1 »

No way.

At age 20 I had little control over my everyday life. I was living with my parents during the summer, away at school the rest of the year and living with a roommate in a dorm with the lousy dorm food. No luck with women, not much money, could not come and go as I please the way I do today as an early retiree (age 48) for the last 3 years.

But....at age 20 I made one key decision which was the first step towards my being an early retiree with all the freedom I always wanted to have - I never wanted to have children. At age 20, I worked at a day camp for the second straight summer and that sealed the deal for me.
Buckeye
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Re: Would you trade all of your wealth to be 20 again?

Post by Buckeye »

20? Of course....as long as my wife could too.

When I was in my 20's I vividly remember a retired multimillionaire celebrating his 70th birthday at the club I worked at telling me he would give it all away just to be 50 again.
MWCA
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Re: Would you trade all of your wealth to be 20 again?

Post by MWCA »

Nah 20 I was sleeping my car. Not sure where my next meal or shower was coming from. I chuckle or cackle with glee considering where I came from and where I am now.
We are all worms. But I believe that I am a glow-worm.
hidesert
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Re: Would you trade all of your wealth to be 20 again?

Post by hidesert »

No. Life is much easier and nicer at 63 than at 20. Of course I've still got my health and a pretty and young wife so that may have something to do with it :D

20 was fun and exciting but I'd not want to do it over again.
downshiftme
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Re: Would you trade all of your wealth to be 20 again?

Post by downshiftme »

Is this market research for your rejuvenation start-up? I expect you will be able to charge a very high fee for this service and have plenty of customers.
S&L1940
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Re: Would you trade all of your wealth to be 20 again?

Post by S&L1940 »

Buckeye wrote:20? Of course....as long as my wife could too.
ditto; married young and am still with her nearly 52 years later
who would have thought I would be sleeping with a 70 year old and loving it?
if I go, so does she - besides, we would be smarter investors and we would be way ahead of the game the second time around...
Don't it always seem to go * That you don't know what you've got * Till it's gone
brianplycatu
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Re: Would you trade all of your wealth to be 20 again?

Post by brianplycatu »

I wonder how many 20 year olds would choose to be sixty if they had a portfolio large enough to provide for all their desires and no boss to heckle them. They awake any time and sleep at whatever time suits them. For me returning to the age of twenty would be a nightmare. It would be similar to finishing a marathon and being asked if I wish to begin at mile two again. When I was twenty there were no cell phones, no LCD TV's, no decent cable, few restaurant choices, no Levitra, inferior medicinal technology, oppressive nosy landlords, miserable cars, no internet, no Google, no GPS, a war with a military draft, years ahead of me fighting to keep a decent GPA, years of overtime at work, years of training and the beginning of a bleak decade for stocks. No thanks. Incidentally. I hear all of this large talk about free-love in the sixties. I never received any.
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fishnskiguy
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Re: Would you trade all of your wealth to be 20 again?

Post by fishnskiguy »

No way.

It was hard enough the first time. Plus, I was a huge over achiever, and I doubt I could pull it off a second time. :)

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Judsen
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Re: Would you trade all of your wealth to be 20 again?

Post by Judsen »

YES!
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ladders11
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Re: Would you trade all of your wealth to be 20 again?

Post by ladders11 »

There sure are a lot of responses that say 'if my wife could come with me'.

Does this mean that you want to be 20 again, or that you want your wife to be 20 again?
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hollowcave2
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Re: Would you trade all of your wealth to be 20 again?

Post by hollowcave2 »

I would only be 20 again if I could also retain all of the knowledge and wisdom I gained since that time. Wisdom is more valuable than money to me. I guess that what King Solomon also said.
stoptothink
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Re: Would you trade all of your wealth to be 20 again?

Post by stoptothink »

Thanks to ~150k in graduate school, a divorce, and the collapse of the market(I was heavily invested in real estate circa '02), my net worth was more at that point than it is now a decade later. I admittedly made some very risky and downright bad decisions since. Knowing what I do today, I'd love to give my 20's another shot.
S&L1940
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Re: Would you trade all of your wealth to be 20 again?

Post by S&L1940 »

ladders11 wrote:There sure are a lot of responses that say 'if my wife could come with me'.

Does this mean that you want to be 20 again, or that you want your wife to be 20 again?
I would only settle for the whole package - we go back as a team or not at all
presuming the wife would have the same response and she would not go without me :roll:
Don't it always seem to go * That you don't know what you've got * Till it's gone
j920
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Re: Would you trade all of your wealth to be 20 again?

Post by j920 »

Considering that was barely 3 years ago, no. Ask me again in 40!
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Padlin
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Re: Would you trade all of your wealth to be 20 again?

Post by Padlin »

No, it'd be too darn complicated. How would I remarry my wife when she'd already be, well lets just say over 50 and I'd be 20, what about my kids? I would however like to not do a few things I did. If I had no good in my life now I'd do it in a heartbeat, lucky for me that's not the case. Please change my Yes to a No.
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Atilla
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Re: Would you trade all of your wealth to be 20 again?

Post by Atilla »

Anyone who thinks they could rewind the clock to the past while keeping the knowledge and experience of their older self, and have that result in better decisions...

That takes a lot of faith. People of all ages and experience/knowledge possess the ability to screw things up.

You could very likely end up facing problems and challenges you never imagined.
JennMcNeal23
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Re: Would you trade all of your wealth to be 20 again?

Post by JennMcNeal23 »

I definitely wouldn't. Being 20 is overrated. I'm still young, and looking back at my 20 year old self, I see a dumb kid full of stupid decisions and lack of initiative. You learn from your mistakes, and I don't want to go back and make them again.

One more thing - the issue of time travel in general? who's building the time machine? :wink:
travellight
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Re: Would you trade all of your wealth to be 20 again?

Post by travellight »

It was incredibly hard work at 20 and for many years thereafter. I looked my best and was most physically fit at 41, so no, I would not want to go back to 20. I feel extremely fortunate to be where I am now, especially with the son that I have, so I would not want to risk it at all to do over.
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retcaveman
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Re: Would you trade all of your wealth to be 20 again?

Post by retcaveman »

A question that comes to mind in answering the question is back to 20 today in 2012, or back to 20 which for me would be 1967? Wouldn't want to be 20 today, but wouldn't mind reliving the 60's and 70's. While that period had its problems (Viet Nam, assassinations in '68, etc), if I could take my current perspective with me, I would savour the music, freedom and optimism of the period. Would like to think I would worry less, take more risks and live more in the moment instead of being so serious and working so hard at "getting ahead."

That said, I am grateful for my life. While it could have been better in some respects, it turned out better than I imagined at 20 and had any right to expect.
"The wants of mortals are containers that can never be filled." (Socrates)
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wander
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Re: Would you trade all of your wealth to be 20 again?

Post by wander »

Why are we discussing something that is impossible?
xerty24
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Re: Would you trade all of your wealth to be 20 again?

Post by xerty24 »

wander wrote:Why are we discussing something that is impossible?
The same reason we discuss predicting the markets.
No excuses, no regrets.
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wander
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Re: Would you trade all of your wealth to be 20 again?

Post by wander »

xerty24 wrote:The same reason we discuss predicting the markets.
With the market, you may have a "yes", "no" or "maybe". Here, you have a "no".
kyounge1956
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Re: Would you trade all of your wealth to be 20 again?

Post by kyounge1956 »

Not a chance. Right now, I'm within a year and a half of being able to retire, and looking forward to it tremendously. Even if went back knowing everything I know now, there's no way I could start from scratch and save up enough in a year and a half to last me the rest of my life, and there's no guarantee that after 35 years of do-over, I'd again be within a year and a half of being able to retire. I more or less fell into a good job with a pension plus Social Security eligibility the first time around. Next time, I might not.
milestogo
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Re: Would you trade all of your wealth to be 20 again?

Post by milestogo »

Only if I know what I know now and can have the same spouse and kids! but with those wishes granted...oh YEAH!! I am sure I could get it right the second time around.
c.Alvin
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Re: Would you trade all of your wealth to be 20 again?

Post by c.Alvin »

Go to Vietnam again? No way!
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frose2
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Re: Would you trade all of your wealth to be 20 again?

Post by frose2 »

Not being a competent magician (see previous post of mine in this thread), I didn't think of a different interpretation of "being 20 again." I thought it meant going back to the year you were 20 and living your life since then again (being back in Vietnam, for example, for c.Alvin). Whether that is attractive depends critically on whether you retain your memories from today when you go back, and whether having your current lessened mental agility would make you miss opportunities you took advantage of back then (e.g., to not get shot).

Now, however, it crosses my mind that "being 20 again" could mean having my body go back to the way it was when I was 20, while everything else in my life remains the same except the money given up in exchange. For many older people, their current colleagues/friends wouldn't even recognize them if they reverted to their 20-year-old appearance (nor would the TSA officers if they tried to fly), but we assume that this is magically resolved.

I can see that this could appeal to many other people. The general problem with it is that no matter how youthful I might appear, my earning ability might nonetheless decline because my driver's license still says I'm a geezer, I got my college degree much more than 20 years ago, etc. There are also problems peculiar to me which are not worth discussing. So my personal answer is "nein."
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HardKnocker
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Re: Would you trade all of your wealth to be 20 again?

Post by HardKnocker »

Absolutely would.
“Gold gets dug out of the ground, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility.”--Warren Buffett
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SamGamgee
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Re: Would you trade all of your wealth to be 20 again?

Post by SamGamgee »

Qualified yes.

I could only do it if it was somehow garunteed that I'd have the same children, which in reality would probably not occur due to the chance involved. (No worries about the wife -- I'm sure she'd still have me.)

But if you bracket that issue, I'd do it in a heartbeat.
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3CT_Paddler
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Re: Would you trade all of your wealth to be 20 again?

Post by 3CT_Paddler »

SamGamgee wrote:(No worries about the wife -- I'm sure she'd still have me.)
Yes I am sure she would...
Image

Assuming you were still successful in destroying the ring with Frodo or had realized that the eagles can actually transport people much quicker than walking... http://www.youtube.com/watch?v=1yqVD0swvWU
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Midpack
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Re: Would you trade all of your wealth to be 20 again?

Post by Midpack »

I'm surprised that it's so evenly split. I've had this conversation with friends and co-workers many times over the years. I thoroughly enjoyed my 20's at the time, but I wouldn't go back even if you let me keep my current assets.

Though last summer I was in line (for beer after a long sail race) with some guys giving a friend of theirs a bunch of good-hearted grief about turning 40. In an attempt to bail him out (me age 57), I asked him 'as much fun as it was, you wouldn't really want to be 21 again would you?' I expected him to readily agree, but he said 'no, but I'd gladly go back to 30'. That might be harder to dismiss than 21, since most of us are wiser and more established at 30, with a lot of exciting times ahead. FWIW...
You only live once...
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bottlecap
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Re: Would you trade all of your wealth to be 20 again?

Post by bottlecap »

Nah. I feel too old to be 20 again.

Actually, I'm split. Part of me would enjoy it and part of me wonders what the point of reliving those years would be. Besides, I'm looking forward to seeing my family grow, retirement and all those things that come later in life. Being 20 again would make that wait even longer.

It's funny. Five years ago, I probably would have jumped at the chance. Now, I'm comfortable with the idea of growing old. I'm not sure I'm quite comfortable with the dying part yet...

JT
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gunn_show
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Re: Would you trade all of your wealth to be 20 again?

Post by gunn_show »

20 no ... 21 maybe

but at 32 and newly single.. I am enjoying life more than I did when I was 20... a lot more you can do, see, experience when you are a little older and have money in the bank to finance "fun"

Excuse me while I pack for Vegas this week/end....
"The best life hack of all is to just put the work in and never give up." Bas Rutten
BenBritt
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Re: Would you trade all of your wealth to be 20 again?

Post by BenBritt »

No, but thanks for asking. I am 75.
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Ice-9
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Re: Would you trade all of your wealth to be 20 again?

Post by Ice-9 »

Besides the multitude of ways I would enjoy being 20 again that have absolutely nothing to do with investing advice inspired by Jack Bogle, I would also love the chance to go back in time and max out my Roth IRA and tax-deferred accounts each year from the start instead of <shame> starting when I was 31 years old </shame>.
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FabLab
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Re: Would you trade all of your wealth to be 20 again?

Post by FabLab »

Probably not, but I wouldn't mind having the knees that I had at 20 :D
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StoneReader
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Re: Would you trade all of your wealth to be 20 again?

Post by StoneReader »

Yes, in a flash.

One surprise that I found as I got older was that my idea of real wealth morphed from money towards health. At age 70, I would put good health down as 95% of real wealth and money as only 5%.

A large degree of luck is involved in getting both, including your genes, your birthplace, your intrinsic energy level, etc. as well as the blatant luck that we normally think of.

This change in thinking is not sour grapes because I did acquire monetary wealth by striving for it. But I now find wealth much less useful than I thought it would be when I was younger. Looking back, I think my wealth-seeking behavior was subconsciously overly influenced by the profit-seeking atmosphere and uncertainties around me.

Finally, managing good health is a joy but managing money can be a burden after the gambling excitement of your younger years passes. The latter is another good reason to index.
Dandy
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Re: Would you trade all of your wealth to be 20 again?

Post by Dandy »

I actually think it is much tougher now than when I was young. e.g. both usually have to work to support children/house, medical insurance/benefits are less or non existant etc. I also was lucky in health, love, family and investments and I (nor any loved ones) was not killed or disabled in the various wars from WWII, Korea, Vietnam, and current.

the future may be bright but I will try to help my children and grandchild with their future rather than dream of doing it all over.
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Gray
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Re: Would you trade all of your wealth to be 20 again?

Post by Gray »

It's hard to be 20. In many ways, harder now than 20 years ago when I was 20.
Bungo
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Re: Would you trade all of your wealth to be 20 again?

Post by Bungo »

I'd do this trade in a heartbeat. Especially if it meant I would know how to properly time the dot-com and housing bubbles!
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frose2
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Re: Would you trade all of your wealth to be 20 again?

Post by frose2 »

OK, yet another interpretation of "being 20 again." (Can you tell I once thought of writing science fiction?) Being 20 again means that not only do you have the body of a 20-year-old, but your driver's license says you're 20, born in 1992 or 1991. In addition to giving up money, you give up things like graduate degrees and professional jobs that people don't normally have at age 20. Indeed, you're back in college as I was at that age, but since you've given up all your money, you don't have any way to pay for it except getting in debt up to your eyeballs.

With this alternative, and irrespective really of how the details are resolved (e.g., are you at Harvard or Chicago State?), my answer is a resounding "nein." A penniless 20-year-old is going to have a really hard time today.
Bungo
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Re: Would you trade all of your wealth to be 20 again?

Post by Bungo »

frose2 wrote:OK, yet another interpretation of "being 20 again." (Can you tell I once thought of writing science fiction?) Being 20 again means that not only do you have the body of a 20-year-old, but your driver's license says you're 20, born in 1992 or 1991. In addition to giving up money, you give up things like graduate degrees and professional jobs that people don't normally have at age 20. Indeed, you're back in college as I was at that age, but since you've given up all your money, you don't have any way to pay for it except getting in debt up to your eyeballs.

With this alternative, and irrespective really of how the details are resolved (e.g., are you at Harvard or Chicago State?), my answer is a resounding "nein." A penniless 20-year-old is going to have a really hard time today.
Good point. I was thinking that it would be great to relive my college years, but if I had to do it at today's tuition, which is fast approaching 10x what it was when I was 20 (versus maybe 2x for general inflation), then maybe not so great after all.
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praxis
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Re: Would you trade all of your wealth to be 20 again?

Post by praxis »

no question about it.
this has been such a great run
I would gladly sign up again
travellight
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Re: Would you trade all of your wealth to be 20 again?

Post by travellight »

I wonder if the numbers would be different if the question was to be 40 again. After all, the average boglehead is approaching a million in net worth around that age. I was at my physical best at that age and also had paid all the dues in my twenties and was cruising.
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