Assets Versus Experiences

Rare Breed

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I share this thread only to provide my perspective and experiences with my desires in the last quarter of my life. When I started out in the corporate world with two degrees I went through three stages. Stage 1 climb as high as I could while accumulating assets such as a 100+ acre farm paid off in addition to my home while paying for two kids college. 2. Family tradgety strikes empty nestor but need a change in life with assets paid for kids on their own with six figures in cash each to start their lives. 3. Sudden realization in last quarter of life that experiences not assets are what is most important to me in life enter Africa and all of you…let’s not forget the Rigby bug that bit me, lol thanks @franzfmdavis!!! I share this given I so love reading our great members many threads of where they are that bring back such precious memories!!!
 
Well said. But I think that Rigby is very much as asset, as well.
 
I always wonder "What will my kids think of me when I'm gone?"

Will it be "Dad was cool. He had a cool sportscar, boat, Rolex, high-end scotch collection, big house, etc."

Or will it be "Dad was a mountain. He hunted boars in the swamps of Georgia. Waterfowl on the freezing bays and creeks of NJ in the middle of winter. He went to Africa to hunt. He took a bear in NJ with a bow. He battled sea monsters 100 miles out in the ocean. And he took us all along for the ride and showed us how to do it."

I would like it to be the latter. There are only three people on this earth that I really do care what they think of me. My wife, and our two kids.

What other folks think is secondary but yes, the experiences matter so much more to me.

We do have a boat, and I have some other "nice" things, but the memories and making new ones are what keep me charging forward.
 
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I always wonder "What will my kids think of me when I'm gone?"

Will it be "Dad was cool. He had a cool sportscar, boat, Rolex, high-end scotch collection, big house, etc."

Or will it be "Dad was a mountain. He hunted boars in the swamps of Georgia. Waterfowl on the freezing bays and creeks of NJ in the middle of winter. He went to Africa to hunt. He took a bear in NJ with a bow. He battled sea monsters 100 miles out in the ocean. And he took us all along for the ride and showed us how to do it."

I would like it to be the latter. There are only three people on this earth that I really do care what they think of me. My wife, and our two kids.

What other folks think is secondary but yes, the experiences matter so much more to me.

We do have a boat, and I have some other "nice" things, but the memories and making new ones are what keep me charging forward.
Can never die if your remembered
 
Experiences trump stuff, no question. Each birthday the balance tips more and more. My grandkids will know grandpa did some stuff and had some adventures. The thought makes me smile. I take my kids along regularly. Hopefully some of that will rub off.
 
I have to admit I'm more of an asset man myself. Not that I have (m)any assets mind you, I don't; but because for some reason I value experiences less. I'm more of a cerebral adventurer, enjoying my thoughts and daydreams from the comfort of my castle, a la Walter Mitty but not nearly that energetic. Not lazy, just trying to conserve energy I suppose, only for no apparent future necessity. A homebody- the world doesn't interest me that much. I will be remembered by those who matter as always being there for them- in the rear with the gear.
 
What Bryce said above.

Maybe it's because Duvall passed away and I recently rewatched Secondhand Lions, but the quote that fits this for me is "He really lived." Yes, experiences. Yes, involve my kids, as much as they want to be. But when I finally pass from this world I don't want to leave anything on the table. The analogy I have often thought of is from track and field. A lifetime ago I ran the 100, 200, and relays. Run through the finish line - that's how I hope I am living my life, and how I will finish it.
 
Great topic with no right or wrong answer. Fortunately as hunters, we can bring back assets that will act as a totem to remember the experience and act as a conversation starter.
 
Be sure to not confuse Assets with Liabilities- Stuff like boats, rolex, cars, clothes etc are 99% of the time a liability that depreciate and are not Assets. An Asset generates income, or at least appreciates at a predictable amount ahead of inflation. Liabilities are generally not worth the long term price....


Land can be an Asset, and generally keeps ahead of inflation. Rental real estate is an asset, as well as owning a turnkey business. A stock or investment portfolio is also an Asset.

I have noticed that those who have strong Assets and are financially set tend to tout the importance of Experience over more things, and money..... Also they often talk about pursing passions over money....

That's all fine and great, but if you are not financially stable, are living paycheck to paycheck, or have consumer debt than that is a bad idea! Hard to really enjoy those experiences not knowing if you can pay the rent/mortgage next month or buy food for the table! And many of the best experience's take a lot of money to buy! like a full bag safari in Tanzania would be a great experience but not gonna afford it unless you have a lot of Assets to fund it!

Everything has its time in life, and moderation in all things is usually the answer. Work hard when you can, but still take time to enjoy life along the way- somethings can't be done later.
 
Okay, now that we have more clarity, I would say I'm neither an asset nor an experiences man. Guess I'm a Nowhere Man.
 
I always loved Cavafy’s poem, Ithaca, which speaks, at least to me, about the journey through life. Hope it resonates with some of you, too. In my family, we love it.

Ithaca

When you start on your journey to Ithaca,
then pray that the road is long,
full of adventure, full of knowledge.
Do not fear the Lestrygonians
and the Cyclopes and the angry Poseidon.
You will never meet such as these on your path,
if your thoughts remain lofty, if a fine
emotion touches your body and your spirit.
You will never meet the Lestrygonians,
the Cyclopes and the fierce Poseidon,
if you do not carry them within your soul,
if your soul does not raise them up before you.

Then pray that the road is long.
That the summer mornings are many,
that you will enter ports seen for the first time
with such pleasure, with such joy!
Stop at Phoenician markets,
and purchase fine merchandise,
mother-of-pearl and corals, amber and ebony,
and pleasurable perfumes of all kinds,
buy as many pleasurable perfumes as you can;
visit hosts of Egyptian cities,
to learn and learn from those who have knowledge.

Always keep Ithaca fixed in your mind.
To arrive there is your ultimate goal.
But do not hurry the voyage at all.
It is better to let it last for long years;
and even to anchor at the isle when you are old,
rich with all that you have gained on the way,
not expecting that Ithaca will offer you riches.

Ithaca has given you the beautiful voyage.
Without her you would never have taken the road.
But she has nothing more to give you.

And if you find her poor, Ithaca has not defrauded you.
With the great wisdom you have gained, with so much experience,
you must surely have understood by then what Ithacas mean.

-C. P. Cavafy, translation by Rae Dalven
 
That's all fine and great, but if you are not financially stable, are living paycheck to paycheck, or have consumer debt than that is a bad idea! Hard to really enjoy those experiences not knowing if you can pay the rent/mortgage next month or buy food for the table! And many of the best experience's take a lot of money to buy! like a full bag safari in Tanzania would be a great experience but not gonna afford it unless you have a lot of Assets to fund it!

Everything has its time in life, and moderation in all things is usually the answer. Work hard when you can, but still take time to enjoy life along the way- somethings can't be done later.
I don’t think many participating on this forum are living paycheck to paycheck. There does however seem to be a major mindset problem of people telling themselves they can’t afford certain hunts but they can afford double rifles, Swarovski scopes, new trucks, handmade leather gun cases, and other new toys. Nothing bothers me more on this forum than seeing a high end rifle used on a cheap hunt. I’d rather see a model 70 and a Leupold scope on a quality hunt. Not everyone will be able to afford a Tanzania safari but many more can afford a Zimbabwe, Mozambique, or Caprivi hunt than want to admit it.
 
I just had this conversation with a friend. Neither of has kids. But he was talking about redoing his bathroom and I wanted him to take a trip with me to Scotland for golf. His bathroom is fine just a little outdated.

I asked him to think about when we were at the old folks home sitting in the porch would he rather think about how fancy his bathroom had been or the time we walked the 18th fairway at St Andrews.

My fiancé and I have the conversation all the time. We have an older house that didn’t have some of the nicer amenities like walk in closets etc. but it is fine for us. Yes I’d like a bigger garage and workroom. But upgrading this house or moving to a new one is going to change our yearly budget. We love to travel and as of right now we aren’t willing to cit out an entire trip per year to make the house change. Maybe someday but not right now.
 
I think I have said previously I want more experiences. I guess I made time to work to get financial security before doing me things.
Not wealthy but I am comfortable and saving for retirement or maybe a small block of land.

I renovated and flipped cheap properties, took all the overtime I could and done odd jobs to make a dollar. I probably could’ve done it differently but I done what I was comfortable with and within my knowledge.

If I can retire on a hobby farm and leave it as an asset that’s still a leg up for my kids and if set it up so stuff works that’s life accomplished.

Unless some shares go through the roof or take a sharp turn I’m gonna miss out on the Rigby and the Trophies but as long as I get time in the bush, hunts under my belt and I’m content then I will settle for that.

I’ve seen tragic events shape lives. I’ve seen people live pay to pay or struggle financially.

Sometimes you gotta go without little things to make others happen. When I have income supplemented by investments it means I can could offset money spent on travel or experiences.
 
Shortly before Covid I lost my job, within a month I had several friends and relatives pass away.

I did the most Anti American thing ever, I took a four week vacation to Australia that turned into eight weeks; had an amazing experience but when I came back I got a job at a company with a toxic environment. Realizing that I had pissed away the best years of my life in college and trying to climb the company ladder.

It became apparent to me that being of sound mind and no heirs, now is the time to do the dangerous game hunting I’ve always wanted to do….
It’s damn sure not getting cheaper any time soon, so might as well live and that’s how I found this site.

It’s actually quite sad to see elderly people who are swimming in money but physically unable to do their bucket list items.
 
Assets are important, but can become idols, and even jealous gods.

Experiences are your protection against that.
"He who dies with the most toys wins." How do you differentiate between toys and assets? Physical stuff is fine--to a point. As long as you have adequate stuff to get the job done and live comfortably do you really need all the fancy stuff? It deteriorates over time and is soon gone.
I am more the experience type. Live life to the fullest as long as I am able. As we age that capacity diminishes rather rapidly. Experiences and memories last a lifetime and offer consolation as we fade away. Do all you can while you can with what you have left.
 
I’ve chose to spend my money on Fast Blonds, slow fords, blued steel and walnut and old whisky, wasted the rest. Will continue until I can only get slow blonds then will try to save some money. Moving back to Montana cut my income in half but I’m a lot happier when I wake up in the morning.
 
Interesting topic and one that has been on my mind the last few years. Now that my kids are basically done with college, my wife and I are definitely more interested in experiences rather than things. Neither is the wrong answer, but I have decided that I want to die with experiences and memories and not a list of things I wish I had done.
 

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