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Updated almost 3 years ago on . Most recent reply

User Stats

69
Posts
42
Votes
Martin D.
  • Realtor
  • Sedona, AZ
42
Votes |
69
Posts

Saving Money vs. Missed Opportunity Cost

Martin D.
  • Realtor
  • Sedona, AZ
Posted

Hello BP,

After investing for a year and a half, I find myself in a strange dilemma. 

I've become so focused on cash-flow that I refuse spending any money on myself. I make extreme sacrifices on a personal level to reinvest everything on a professional level. Yet, sometimes I wonder if not spending money on oneself also comes with a cost. The cost of missed opportunities.

Where do you stand between living for free house-hacking in the suburbs (a house with three roommates), as opposed to 'losing' $1000/mo house-hacking a duplex in the city center (no roommates), and being closer to all the opportunities for social and professional networking that now become a lot more accessible and frequent?

I intentionally left little context in my question to make it as broad and relatable as possible to anyone of you. Thank you so much for your insights!

Most Popular Reply

User Stats

552
Posts
254
Votes
Ricardo Hidalgo
  • Real Estate Agent
254
Votes |
552
Posts
Ricardo Hidalgo
  • Real Estate Agent
Replied
Quote from @Martin D.:

Hello BP,

After investing for a year and a half, I find myself in a strange dilemma. 

I've become so focused on cash-flow that I refuse spending any money on myself. I make extreme sacrifices on a personal level to reinvest everything on a professional level. Yet, sometimes I wonder if not spending money on oneself also comes with a cost. The cost of missed opportunities.

Where do you stand between living for free house-hacking in the suburbs (a house with three roommates), as opposed to 'losing' $1000/mo house-hacking a duplex in the city center (no roommates), and being closer to all the opportunities for social and professional networking that now become a lot more accessible and frequent?

I intentionally left little context in my question to make it as broad and relatable as possible to anyone of you. Thank you so much for your insights!


 I think you have to enjoy your success to be in a healthy state of mind that will bring longevity. Perhaps start allocating a certain percentage to your self for growth or going to places that could help you meet more like minded people. At some point, you have to give back to yourself and enjoy life. That's the entire purpose of financial freedom. 

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