Assets Versus Experiences

[Rare Breed]

Yep…I am a 50-50 balance man. 50% retirement 50% making experiences

 

[Killingtime]

I’ve always lived my life with the belief of no debt and to focus on investments in the event that I’m not here in the future that my family will be taken care of. That mind set has served us very well.
Ive always believed in finding contentment in whatever I was doing rather than chasing the next thrill.
If you read enough books on psychology we are almost by nature designed to chase or collect some form of trophy whether that is money, career advancement, guns, cars, collectibles.. women lol it’s never enough unless you make it enough.

A earlier post really resonated with me that many have a mindset of not believing that they can afford nice hunts but buy fancy toys.. I fully agree.

It took time to be in a position where very nice family trips were feasible but by not wasting money on things that I didn’t find value in it became very easy.
I have many friends with 100k trucks those that ranch I understand the f450 those that don’t but want a dually and have nothing to pull I’ll never understand. I joke with them that it’s easy to save for nice trips or many mini trips when you don’t have $1500 dollar truck payments.

My wife pointed out most people when we attended DSC this year are over 50yrs old I’d agree that’s probably the average I told her it’s because it takes time for people in life to accumulate the resources and or time to make hunting Alaska or Africa a possibility or priority.


My goal now is to take my kids as they get older on some great hunts and fishing trips around the country and world because who knows in the future when they get older if they will be able to afford to do it or if it’s even available for them. And I would really like to have the memories with my boys.

 

[ActionBob]

In regard to time, one can manage it by setting priorities, delegating and cultivating employees. As a rule, I take 3-4 weeks off just about every quarter while still being accessible via satellite communications. I remember one time I sat on a conference call from Amanzi Lodge in Harare with Shell Oil to answer specific questions about funding one of my projects with them.

Yea we have redundancy built in with Jr Partners. I still reserve signing any larger loans. And WhatsApp works most places. Outfitters are even starting to carry Starlink with them. I've done several trips of a month to 5 weeks and really hate going to Africa for less than 3 as the flights are just to long to not spend the time.

I'm not sure my time requirements are taking away from trips, but things like shooting, reloading and working on my old tractors suffers

 

[Bob Nelson 35Whelen]

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!!!

@Rare Breed
Assets come and go. They can disappear overnight. Then again so can life.
Experience and memories last a lifetime and can never be taken off you ( unless you develop Alzheimer's). They can be shared and enjoyed but they are always yours.
After my last heart attack at 32 ( should have put me in a box) I came to realise that whilst assets are fine they are easily lost ( especially after two divorces).
Memories and experiences with the ones I love and care about ( family and friends) I will have forever and they mean much more to me than anything I own.
My wife and I aren't rich but we're not poor.
I have a daughter who is a multi occupation doctor, a son that will be finished University this year and is well in the way to setting himself up in the world ( with a bit of help from the bank of mum and dad) and a way of life that we can enjoy.
As I get older I realise that I don't need much to be happy.
Enough to keep the wolves from the door
Be able to hunt and enjoy travel with my wife and friends to make even more memories.
I don't want to be like my miserable old shit of a brother that all he has is look at what I own and how much money I have. Doesn't interest me.
He hasn't travelled much was a career person and mainly has memories of his job.
I want to spend my last year's making memories with people I care about so after I'm gone they will have some of those memories as well that they can share with their kids.
I would prefer to have a week in the bush hunting and enjoying life with the ones I care about than the biggest mansion in the street.
Call me crazy but I like the simple uncomplicated life. The older I'm getting the more I'm enjoying simple pleasures that I overlooked when younger
Bob

 

[CBH Australia]

@Rare Breed
Assets come and go. They can disappear overnight. Then again so can life.
Experience and memories last a lifetime and can never be taken off you ( unless you develop Alzheimer's). They can be shared and enjoyed but they are always yours.
After my last heart attack at 32 ( should have put me in a box) I came to realise that whilst assets are fine they are easily lost ( especially after two divorces).
Memories and experiences with the ones I love and care about ( family and friends) I will have forever and they mean much more to me than anything I own.
My wife and I aren't rich but we're not poor.
I have a daughter who is a multi occupation doctor, a son that will be finished University this year and is well in the way to setting himself up in the world ( with a bit of help from the bank of mum and dad) and a way of life that we can enjoy.
As I get older I realise that I don't need much to be happy.
Enough to keep the wolves from the door
Be able to hunt and enjoy travel with my wife and friends to make even more memories.
I don't want to be like my miserable old shit of a brother that all he has is look at what I own and how much money I have. Doesn't interest me.
He hasn't travelled much was a career person and mainly has memories of his job.
I want to spend my last year's making memories with people I care about so after I'm gone they will have some of those memories as well that they can share with their kids.
I would prefer to have a week in the bush hunting and enjoying life with the ones I care about than the biggest mansion in the street.
Call me crazy but I like the simple uncomplicated life. The older I'm getting the more I'm enjoying simple pleasures that I overlooked when younger
Bob

You nailed it Bob

They are the important things and the trick is to balance these and be comfortable in thinking you can maintain the standard you desire.

I m still long off retirement age so I need to build something to maintain a standard of living when the wages cease and I see where my age group fit among tax and superannuation rules of the time.

I anticipate many will be expected to draw down super before being eligible for pensions etc and it will likely mean drawing a pension from super.

I think a lot of blue collar workers will be somewhere between coping or comfortable but I don’t think the average person will be able to spend the super and take a pension so some passive income outside super would help but it will all be assessed

Probably best to travel and hunt now and worry later.

 

[Rare Breed]

@Rare Breed
Assets come and go. They can disappear overnight. Then again so can life.
Experience and memories last a lifetime and can never be taken off you ( unless you develop Alzheimer's). They can be shared and enjoyed but they are always yours.
After my last heart attack at 32 ( should have put me in a box) I came to realise that whilst assets are fine they are easily lost ( especially after two divorces).
Memories and experiences with the ones I love and care about ( family and friends) I will have forever and they mean much more to me than anything I own.
My wife and I aren't rich but we're not poor.
I have a daughter who is a multi occupation doctor, a son that will be finished University this year and is well in the way to setting himself up in the world ( with a bit of help from the bank of mum and dad) and a way of life that we can enjoy.
As I get older I realise that I don't need much to be happy.
Enough to keep the wolves from the door
Be able to hunt and enjoy travel with my wife and friends to make even more memories.
I don't want to be like my miserable old shit of a brother that all he has is look at what I own and how much money I have. Doesn't interest me.
He hasn't travelled much was a career person and mainly has memories of his job.
I want to spend my last year's making memories with people I care about so after I'm gone they will have some of those memories as well that they can share with their kids.
I would prefer to have a week in the bush hunting and enjoying life with the ones I care about than the biggest mansion in the street.
Call me crazy but I like the simple uncomplicated life. The older I'm getting the more I'm enjoying simple pleasures that I overlooked when younger
Bob

Bob I have always said you are a very wise man sir!!! Well said!!! Just love the Aussi touch you put on it!!!!!

 

[fourfive8]

Almost a trick question. But reduced to its simplest, very easy choice.

Three pics. I’d pick two of the following with extremely strong aversion to one. Not a difficult choice for me.

 

[Russ16]

Almost a trick question. But reduced to its simplest, very easy choice.

Three pics. I’d pick two of the following with extremely strong aversion to one. Not a difficult choice for me.

View attachment 751737View attachment 751738View attachment 751739

What don't you like about chickens?

 

[widetrackjack]

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!!!

This thread reminds me of a quote by Mark Twain:
“Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover”