Comment by david-gpu
9 months ago
> I don't do things that have a payoff time that is past my expected passing.
> Starting an investment program that won't pay off for decades doesn't make sense at my age, either.
I continue saving money because I want my kids to have opportunities that I didn't have, and avoid stresses that I did have. I will not live to see the consequences of my actions today, but they matter a whole lot to me.
Same with other decisions that will affect future generations beyond my family. I want, in some way, to leave this Earth in better shape than when I was born.
I'm not the only thing that matters.
Investing with the goal of passing it along to your children is perfectly reasonable.
If at age 70 you decide to become a concert-level pianist, you're wasting your time.
Not if the process of trying to become one is itself enjoyable. I am a habitual setter of improbable goals. I decided I would become a world class acrobat (if you knew me, you would laugh at that idea). Did I do it, of course not. But did I learn to cartwheel, handstand etc. Yes.
Good for you! My mom is in her seventies, and she is about to graduate in Fine Arts.