Topic: Irresponsible spenders consumes their retirement resources and losses values. (Read 857 times)

It is true that everyone has the right to do what they want now as long as they are able to fulfill their desires, but thinking about the future is certainly a very important thing to do because we don't know for sure whether when we are old we will still be able to do the same work we did when we were young. young or not, so it is important for us to prepare for old age by investing or building a business so that we can get results from both of these things.
I agree with what you say, when someone has prepared for their future of course they have the right to enjoy their wishes at any time and this will not affect the finances they have.

There Is nothing wrong with living in the moment, and everyone should do that as long as they can afford to do that. And, the affordability should only be checked after the person has done all the necessary stuff they need to do with their finances and the very first one is securing the future.

A person who has a lot of money in the present should make sure that they and their family have a secure future because they have made investments, started businesses, saved money, and have done everything required to make their children's future secure and so that they don't need to face financial problems when they grow old.

If someone has done all that, then they are free to do whatever they want in the present.

that's what is called regret, with those who only think about the present without thinking about the future which must be prepared for, I don't think they will be ready. Many people only think about the present so they spend the money they have on things they really want, such as fulfilling their desires, whether it's gadgets, vehicles or clothes and other accessories that have big brand names and high prices, so they don't thinking about his future.

Giving advice is also not a bad thing if our intention is to help them so that they don't have difficulties in the future because our own future is our own responsibility. Don't ever think that if we spend all the money we have on what we want, it will guarantee our life. Maybe it will make us happy,  but in my opinion it will only be for a short time.

I hear a saying that what important is now and not the past or the future. Those peeps believe on that and only living the moment. Maybe they don't need a help for now but there will be a time that they will do, once their resources have depleted. That must be the time that they will admit their mistakes.

I also heard a saying that we should accept that we are not good enough and there are someone who will always be better than us. They might be correct with that and this is what you are trying to imply here. I think the real ones that you want to give to them right now is advice but this might still help them if their current ways aren't.

yes, that's right, there's nothing wrong with buying goods or shopping for luxury goods that they really want, it's just that they have to be able to look at their own finances, I mean they have to be able to balance the income they earn, don't let us want luxury but our financial situation unstable, because it will only make us difficult. going on a spree or buying things that we have long dreamed of is the same as appreciating ourselves.

Don't let us want luxury but to fulfill that desire we borrow money to be able to buy what we want, that is not recommended because it will only make things worse even though we can have what we want.

Of course in any case saving to be used as an emergency fund is an action that must be considered because it does have very important benefits to help overcome some of the problems that come unexpectedly, as you said which a few years ago we were faced with a pandemic situation, there are some people who have a very concerning life because they have never thought of saving before, but there are also some people who remain in a fairly safe situation because they have a habit of saving from far - far away which in the end the good habit really provides significant benefits to help maintain survival.

However, having a long term mindset is a good way to think, because with this, it is more likely that you will prioritize preventive measures such as having a habit of saving money to overcome some problems that come unexpectedly.

If at the time of retirement, he could not manage his pension funds properly then that was also what he had done before retirement, spending his salary for pleasure or exceeding his ability so that it is in debt, my intention is that today you cannot be responsible for your income then that is also actually happened in the past and what will happen in the future, so people will not be able to suddenly be responsible for their income all need a process.

Maybe you are wrong to judge the situation that is happening near you, because that is also what often happens we judge someone only from one event and think he is someone like that. Actually it is not wrong when someone wants to enjoy life by buying luxury goods or eating expensive food or a little spree as long as it is not done so on, because sometimes when you buy luxury items that you have been after for a long time can provide better motivation to find income or for those who have retired can feel happier what is important not by debt.

Indeed, having an emergency fund is very important nowadays because we really don't know what will going to happen in the near future, just like when pandemic strikes us, some people aren't prepared because they are all complacent on what they currently have, without preparing theirselves, so in the end, majority runs out their savings and some of their investment has been sold due to emergency needs.

There are a lot of contradictions to this as everyone as different ways they will view it and for those that will benefit from the type and nature of the man, they will be glad he does so and will pray he continues in such manner. For those that have nothing to benefit, they will just assume what type of man is that or what it is up to or can equally abuse the hell out of him for spending lavishly when he’s suppose to be saving. I have got to a point where I don’t care what other people do with their lives as long as it doesn’t affects other peoples means of livelihood. You own your life, you’ve been living it everyday and one day you’ll definitely die. So enjoy it while you’re still alive before kicking the bucket.

If someone can manage their spending and savings of course it will be very easy for them to be able to have investments that they can run well, when someone chooses to save and restrain themselves from spending their money of course this is very stupid because they have taken the trouble they suck at making money and they don't enjoy it themselves.

Preparing for emergency needs is of course very important to be able to meet these needs because we ourselves never know when we will need these needs and if we don't have savings that we can use of course it will be very difficult to meet these needs and avoid bank loans for things that It's not necessary, of course it's very good because if we have a bank loan, of course this will make it very difficult for us to pay it off if we don't have income that we can use to pay it.

Yes it is true that balance must remain a priority, saving is good but make sure to prioritize your life, or that means when you get an income then it is better to prioritize your basic needs first and if for example there is money left over then yes you can allocate it to savings as one of the measures for prevention when an urgent unexpected situation comes. However, thinking long and wisely is the solution in terms of financial management, because being rational and wise will make you make decisions that are right and in accordance with the conditions.

But sometimes there are always some people who do not think about their future or have no worries about anything that will happen in the future such as some unexpected events that force you to spend some money to overcome the problem, they are usually more concerned with momentary pleasures such as spending all the money they have for something that is actually not very important which in the end they are trapped in debt when unexpected events come.

No point getting mad over what your friends can do, so even if your life is hard right now, at least you did not put yourself in that position due to a bunch of dumb decisions, so given enough time you should recover your former life and most likely you will save enough so even those emergencies cannot shake your life the same way they did already, while your friends will eventually take on too much debt, a few things will not go their way and then they will be drowning on debt.

There must be balance between your spending and savings. There are people who only used to save money and make there life miserable by not spending on themselves. Life is full of ups and downs, so one must has adequate savings to deal with any emergency like health issues. To avoid going for bank loans or using credit card it's advisable to use your own savings. Those who only enjoy life and have zero savings have a terrible ending.

This is really sort of an odd story or I guess kind of hard to understand what you mean by telling this story but I guess if I think I know what you're saying, or if I'm picking it up correctly..I see this all the time.  So many people blow money early in retirement and don't know how to make it last.  I think it's one of the most common occurrences I come across in the world of finance.

Irresponsible people living a happier life is the part that I feel horrible about. First of every single month, I end up trying to hold back my tears from seeing the amount of debt I have to pay and somehow manage to live, and I am not someone who lives an expensive life, I just had some terrible stuff happened in my life medically, not to me but to my loved ones and I am trying to pay back that debt and I am having so much trouble, I literally spend weeks every year just eating ramen noodles and potatoes back to back, just to make sure I can afford to pay my debts.

Later I see my friends who have absolutely no money at all, going to vacations with credit card debt, and somehow manage to pay it back eventually, and that makes me go mad.

Some people feel that feel that life needs to be enjoyed once you are life, so investment looks like a trash to this kind of persons, there are different set of persons, people with wasteful life and people with cautious spending habit, it is normal for this art of persons to exist, most times people that are not reckless in spending are seen as stingy people no matter what they do they are not regarded as liberal people but their is something that's sure that I know, spending should be minimized by man who really wants to invest for the future, for one to be rich or prosperous in life there should be plan on ground for such modest or materialize, making investment part of you will help you to know that the future exist in the reality, though I didn't say that we shouldn't eat or buy things that we like rather am of the opinion that money should be spent meaningfully.

Yes, no matter how much income we have, if we cannot manage our finances well then there will be no visible results from that income. If indeed we have income that helps us meet our needs then we must maintain it. with the story you mentioned, I think they think short, this happened to my own older brother, where when he had no income and money to handle he sold everything he had without hesitation. I often admonished him to have certain boundaries by not selling everything he owned and told him to look for work but he remained stubborn so he continued to follow what he thought, until in the end I was the one responsible for all his pocket money, and that was annoying. .

The hope is that we just adapt to what we have, if our income or income is not too much then don't force yourself to look luxurious just because you want praise from other people. I think it's better to appear simple with what is as long as we don't lack in terms of money, needs and income earned.

While I believe that whatever people eat or buy with their (own) money shouldn't be judged wasteful, I'm of the opinion that anyone who says let's enjoy today because we don't know what tomorrow holds for us isn't a wise person. Tomorrow can come with its own vicissitudes and anyone without saved up cash may not be able to deal with it. Tomorrow shouldn't be toyed with. That man wasn't a man of wisdom for allegedly making that comment.

We don't know what took him to that joint, it could be wife's nagging at home and he wanted to get his peace of mind. If it was that, I can't judge him harshly. However, if he ordinarily left home to hang out with his friends and to spend heavily on them and then refused to pick or return his wife's call he acted childishly.

I wouldn't be too quick to judge anyone, regardless of how fucked up they act, does he emanate the energy of a textbook asshole? Yes, but in my opinion, that doesn't necessarily mean they are an eligible dumbfuck who lives off of inconveniencing people and telling them that he is better than anyone else in the room. And he's with friends too, in my opinion, long as you get your permission to go from the wife you're good to go, and them being married means they have a good idea of how this guy acts when having fun.

Perhaps I'm being the devil's advocate here but the thing is that it's so easy to scrutinize people from the first impression they made with us, I'm pretty sure this guy just knows how to have fun and is utterly annoyed by a wife that's too controlling that even when they were having fun she wanted to keep tabs on him. Plus chances are this guy's able to pay for his shit anyway, I say do what you want with your money, at the end of the day you're not gonna be able to keep these riches when you die, so make the most out of it while you're still here yeah?

Maybe his wife is real work of art. So instead of giving a ton of money to lawyers and half the remainder to her he is just going to treat himself to a nice time.

I get it.

Yes I agree with that, indeed we are fully responsible for the finances we have. We must be able to manage our finances as well as possible because we who have income and we who have full control of the income we have. If we cannot manage finances well, what will happen is only difficult. Actually it doesn't matter if we spend the money we make, it's just that we need to have a limit, because it is not possible if the money we have is spent only for shopping while other things that are more important are not considered as basic needs and also pay this bill That.

Indeed, it often happens about borrowing money whether it's from the bank or friend's own, but borrowing money from a friend is not easy, because in my opinion the name of money is sensitive, even let alone with other people, in my opinion with your own relatives usually when the money problem sensitive.

Ignoring one's wife and having an expensive dinner with someone else instead sounds like a sign of a problematic relationship to me. I also agree that it's better to have at least some savings if a person can afford them.
As for retirement, though, I've recently watched a video on the US retirement system, and how it's bad that people are allowed to take money out of their retirement funds when they feel like they need to, and how it's impossible in many countries. I think retirement savings should be organized in a way that a person's making those savings (and investments) just by virtue of working, and that money can't be taken out of the fund (unless there's a true emergency and/or a terminal disease, perhaps).

at the end of the day there are people that live with the ideal of you only live once and justify their behaviour of overspending I think these honestly are also justified as long as they know that such luxurious spending also comes with consequence if they doesn't have any fixed income that is high in rates as well.

though speaking of people there are some old people that just want to enjor their well saved money in their retirement age, its completely justified as well, after all, a money that doesn't get spent, in the lifetime of the money owner, is a wasted money i presume, therefore never judge too early.
there are people that have opinion that we don't know whether we still gonna live until 70++ year so they just make the best of what they have right now to make themselves happy.

Let that guy enjoy his life, man . You never know what he has been through or how he is earning his money. Maybe he has retired already and has people working for him who earn money for him to spend and live a luxurious life because there are a lot of businessmen in the world who can live such lives forever because they have everything they need in life including sources of income that keeps earning money for them.

We should only blame someone for spending money this way if we know they don't have anything planned for their future and they are not using the money to build businesses and assets but instead they are spending all their money on partying and enjoying themselves with friends every day.

We should be able to manage our own expenses and income, because we are responsible for all the money we have. adjust income to what we need and want, don't let us have income but sometimes we experience difficulties such as when payday arrives, and after a few days after we receive our salary we are surprised by the money that is almost gone. In fact, this often happens, including with a friend of mine who experienced something like this, because when he received his salary he immediately spent it as he pleased without thinking about the costs of surviving in the future.

and with that, he borrowed money, but not from the bank, but from his fellow workers. With this, I think it is very important for us to be able to manage our finances, including our expenses and income. Don't let us borrow money just to fulfill a temporary desire for style. as you said, by borrowing money to buy a car, in my opinion that is too much pressure.

I think it's best to keep balance between your spending and savings. This is also right that YOLO, so enjoy your life as much as you can but within your financial limits. There are people who take loans from banks or other people to do stuff like buying new car or go out for vacations. Such people are losers in the long run. We have to understand that there will be a point in life when we need money i.e. when we grow old and don't have energy to earn money. That's the time when your savings will be there to help you out. 

You are on point to the reality of this part of life slapper.
Some people actually struggles in life at a moment just to satisfy the now and if they are lucky to hit the jackpot they feels relaxed and contented with what has got to o their pockets and how they feels in how to utilize their funds is basically spending on the pools of pleasures and acquiring liability items.

They may actually feel that the firm and the lottery will always be favorable to them at anytime time they needed the funds as if they got some personal money loaded and got saved in their.

How strange it feels like they are financial consumers  whom had run psycho believing they got inexhaustible funds in an ATM while spending lavishly without a thought of the future ever possible to meet their retirement when they can not strive to put things to generate finance in place any longer.


And when they runs out of funds to the south ways after reckless spendings, the bills and debts piles up, all those winning and dinning with you scammers and you would be left on no one to hold responsible because you were not reasonable during when. You were on funds.

You are right that regret alone is not enough, because this will never change anything and return the money we have spent. No matter how much income we earn each month, if we don't have good financial management then the money will be wasted on things that are less important and useful. I remember very well there was an incident where there was a village where the majority of the people's income came from farming, but because the land was going to be used as mining land, the people flocked to sell their land, because the mining company was offering high prices that they had never imagined before. They sold their land in droves and suddenly became billionaires, and suddenly almost every house had a luxury car parked. However, because of poor financial management, a few years later they returned to poverty because they lost their livelihood, and they were no longer able to pay the tax on the car they bought. It's a crazy bun, but it's totally real.


Yes, many people behave like that, but it is no worse than someone living in poverty, having a low income. But forcing yourself to look luxurious to look cool and appear established to other people.

I think there is no harm even after he rejected all the calls and concerns. He just wants to enjoy his life and he has all the rights to do so. After having so much in life he has earned some cents so why should he worry while spending it? He has all the right to spend as he wants.

Now comes the case with his wife and children. They have a right but only up to the necessities of life. After that if he gives them luxuries that's a plus point and if he don't thats ok. Giving proper education and resources is just what he should look for. Rest he should enjoy his life. Don't complicate please life is too short to always plan and worry about.

I agree that there are also irresponsible spenders like the OP is talking about in our society . But I don't agree with OP being so quick to judge someone when he just happened to meet them at a restaurant . How does OP know if the other person is a waste or a worthless person ? I also don't rule out the possibility that he has been working hard for a long time and what he did was just want to take some time to enjoy life after a series of hard days .

@OP , it's funny how we always think we're good people when we try to save money, don't spend wastefully , and quickly underestimate others just because we see them wasting money .

Well that's true, there are a few people who really have that mindset in life, They always say the word YOLO means You only live once, so you need to enjoy what you have now because we are not sure what awaits us in the future. Those words commonly come from people who have the means in life, They are the ones who grew up with generational wealth and don't experience struggles in life and I think that's fine as long as they didn't harm others life. Let them do the things they want, afterall it's their own business, maybe it's better to focus in our own businesses too because we have different states in life. Not all people are like us and if we think they have a wrong mindset, they will eventually realize it.

I think that's absolutely what many people feel, because when they have quite a lot of money they don't think about how important that money is, they just follow their desires to buy this and that without hesitation and without thinking, and when their money runs out they just realize why can their money run out, where does all the money they have go, but it will only be a regret, but even if we regret it it won't change the situation, therefore this is the importance of money management, we must be able to manage money when we have money That's quite a lot, don't think about it because we have a lot of money, we can buy whatever we want without thinking about the future.

taking out a loan can happen, because in my opinion when we have enough money there is a possibility that our lifestyle will change, whether it becomes a little luxurious or very luxurious, our tastes will also increase, and when the money we have runs out it can no longer meet our high tastes. and here there is the possibility of being able to take out a loan. Taking out a loan is not completely bad, but we have to be able to see what is being done, what is the purpose of borrowing money? If it's just to suit your style and taste, in my opinion that's wrong.

Many people are reckless when it comes to finance and spending because of the wrong mind set that we have to enjoy while you are alive so some will be working with good salary but nothing to show for it and after they retire they begin to blame it on friends and associates of forgetting them

  I feel like most workers who fail to meet up to their retirement goal  just fail to plan during their time at work, they are easily carried away by the things of the present, some of them easily forget that they is something called the future. They prefer to live in the moment, forgetting that they live with budgeted funds. Those who are not fortunate to be born into wealth should be more disciplined when handling wealth. Because mismanagement of funds prune to happen to overzealous individuals.  It is advisable to save 30% of your monthly income, workers should cultivate the habit of saving because this is their pass card to early retirement. You will seldom have unlimited access to wages or overtime. Having savings limits your need to borrow to cover unexpected expenses.       
   Additionally few people budget correctly to include the annual or semiannual bills like property taxes and insurance and vehicle registrations. Having a financial cushion gives you peace of mind and allows you freedom to make better choices with less emotion. The main goal should be to work as a hedge for events which need immediate funds to be able to maintain your fixed as well as unplanned but a must-have/do expenses. A person wants to avoid asking friends relatives etc. for short or long term funding when getting laid off someone facing unexpected high repair bill hospital/medical care bill— for such events folks need to provide set aside reserve/savings.

I am with you on this perspective. We can't judge the person's actions by just what we are seeing, we don't know his intentions, motives or life in general. We can't conclude about what should be done in his life because we have no idea what he's going thru. We are just merely speculating on someone else's life. Much better to do is take care of our own business and as much as possible improve our life in our own way.

This is why it is not good hearing some rumors because we don't know the validity of the information. In most instances, people are just speculating on what they have seen, creating a different persona for that individual. Some people can fabricate a bad image even if such individual is just merely enjoying the moment.

We will only find out how valuable the money we earn is when our finances run low, where this situation forces us to live more frugally. But this is better than someone who squanders money and spends money like crazy without thinking about what will happen in the future, and when his finances start to run low, instead of realizing his bad behavior, he instead makes quite dangerous decisions and can be detrimental. have fatal consequences. which can have a bad impact on his financial situation, namely by taking out loans, which behavior will only cause serious financial problems. It's a stupid thing, but many people behave like that, making a decision carelessly without considering what the future consequences will be.


When you are between the ages of 22 and 62, there are two types of choices that can be made and lived out: saving and spending money. Life situations change unexpectedly, and at one moment a person may have saved a lot of money and feel financially stable, while at another moment they could be overwhelmed by huge debts. This is an indication that life contains many risks and challenges that one should be prepared to face with wisdom in handling financial matters whenever they change.

Maybe I would say that they are people who are not grateful for the life situation they have, if only they were born normal and if for example they could see how the fate of people who are far below them who are even born with disabilities or who have other limitations which affect and make it difficult for them in terms of making money and doing other activities in life then I think they will definitely feel that their mindset which always leads to satisfaction is the wrong mindset.

Being grateful and having a correct understanding of the value of money is the recommended personality and mindset, and on the other hand I am sure that they are typical people who cannot think long or mean not thinking about other interests in the future so that when they have money they instead allocate the money to other things that are actually only to fulfill their satisfaction and not their needs, so this is the importance of good management and perspective on something as valuable as money.

I believe that life is not ones and zeros, while we could agree that there are radical level people who do either side completely, I believe that 99.99% of the world does it both. Sometimes we save amazingly, sometimes we spend like crazy, sometimes we make small mistakes that end up being bad, sometimes we save money just a bit.

There isn't just saving or spending, those are not like two options that you pick at 22 years old and live accordingly until 62. Technically speaking I have saved a lot of money back in the day, as in literally bought myself a brand new car, that was a perfect year for me and I made so much money and saved, but also right now I am in big debt as well, it is the same person, sometimes situations change.

I wouldn't jump to conclusions based on limited observations. We never know what another person's life story is. That guy enjoys his expensive purchases be it celebrating a milestone, rewarding himself after a rough patch, or simply treating himself because he deserves it. there.

Appearances can be deceiving. Maybe he was just having a rough day and needed a pick me up. Without context, it is impossible to accurately assess his situation.

Life is about different perspectives, and perhaps his living it to the fullest is right. We all have a chance here, and finding ways to enjoy the journey is important. Even something as small as lottery tickets can be a source of harmless entertainment for some people.

I will agree with you to some extent, especially with the last paragraph: people who waste their resources at their youthful ages end up regretting it at old age. And for one not to be among this set of people, we have to spend wisely by making a lot of investments that have long-term targets. 
 
Now let's have a rational thinking about the scenario that you explained, about the fact that a man was saying that life is one and we must have to enjoy it. I tend to think of his action as a result of either being too broke for a long time or lack of investment knowledge, or he lacks the ability to manage wealth, but the fact that one has suffered a lot of financial instability does not guarantee him to spend recklessly, but when it comes to having fun at some point, we really need such enjoyment. There is a popular saying in my place that says, If you work, you will chop. Which means at the end of every work there is a reward, and the reward is that people spend time at parties, and for that, I have seen them go back and arrange their lives's well. But for some, they don't calculate their spending. 
 
But at the end, it all boils down to the same thing: we all should be very careful with how we spend in order not to go broke. So for you, OP, I say you shouldn't judge yet, but try to find out if yes or no that the person in question is actually a reckless spender before drawing a drawing a conclusion. 

And I am very sorry to say it's not good for one to be thinking that way no matter what. One should not loose hope especially when there's still life, we should have hope that we can do more than what we have done. But it's should be with great patience , endurance and time.
      When you are busy building your own self to see the better part of your self, you are going to loose 99% of your friends. So it's better for us to learn how to discipline ourselves economically. We need to learn how to spend wisely and not lavishly. It leads to high rate of poverty when you always spend more than what you earn.
we should always be spending below our earnings.

Can't blame them, a lot of people that have been born into this world always lacking of their desire will always end up having to make the most reckless decisions because they're the ones that got deprived of things that they wanted but they don't have the money to satisfy that desire and so the moment that they're making money, they start losing control over how they spend their money which leads to them becoming irresponsible, one thing that could help solve this problem is probably the effort of teaching more people about financial responsibility, it may not prevent the reckless spending from totally happening but at the least, people are going to be aware that whatever they're doing is wrong and they know that it's time to change for the better.

Maybe they are just people who do not realize that they can save enough to do something big in life? Maybe they realized they could do this and have small happy moments and that's the best they could hope for? That's the thing that is lacking these days, people lost hope, any hope that they could live a better life.

They think that no matter what they do, they won't live a better life, and that means with debt the best they can do would be making a life that would have some stories to tell. I am one of those people, not that I spend it on irresponsible ways, but I lost hope, I can take out any debt I want, but I do not see any future where I can live a richer life, that just doesn't make sense to me at all.

I totally agree with your opinion. I think the OP continued to eavesdrop with the other table because he assume that this man was overspending recklessly and was ignoring his wife. He also assume that this man was being irresponsible for spending that money with the others instead of his family. Well, a family man would always have their family as the priority, spending with the others sometimes are essential for mental and emotional health. It's not all the time we are spending exclusively for our family. In fact, the OP might didn't know what's going on between that man and his wife and it looks like it didn't cross his mind the possibilities of that couple being in an argument and that the man chooses to walk away to cool everything down.
IMO, what the man did is a serious indication that he and his wife were having an argument based on his demeanor and choices of words.

People are different in terms of;

-Perception in life
-Behavior
-Approach towards family relationship
-Priorities and importance in order
-Ideals


This is why on the time that we are seeing that they are opposing on what ideals we do have then it would really be just that normal that we would really be making out such
comment or those kind of words that they are doing the bad thing but eventually we dont know about their background. You cant say that they are spending lavishly, what if they do have the money actually came from their day job and with their other businesses or income source? For sure it would really be just that a piece of cake kind of spending but you do end up on having those
bad impressions just because he had been behaving that way. So it would be better that we should stop on minding on things on which we know that its their
money and its impossible that you wont really be thinking about budgeting or something.

This whole "live for today" thing? Where people blow cash like it's gonna grow back on trees? It's not just dumb, it's dangerous. It's screaming a lack of foresight, a lack of basic planning. Yeah, yeah, the rush of spending feels good in the moment, but that's not living, that's being reckless. It's not just high-rollers at casinos, it's everywhere: people spending way beyond their means, chasing that quick hit of good feeling that comes with buying stuff. They prioritize the now, forget about the future...and who's there for them when things go south?

They trade real happiness for that fleeting rush. And when it all blows up in their faces (the savings gone, the bad debt piling up) then it's "if only I knew better". But they'll do it again because they haven't addressed the root problem: their mindset. That's the hard part, fixing HOW they think about money. And guess what? Society is part of the problem. We glorify spending, but we don't talk about the fallout. It's up to us to be smarter, challenge this idea that living well means spending until it hurts

It's acceptable as you earlier subjected that you're not sure of your instincts towards what you sights on the mans activity in just in a one time engagement with him even when you don't know about his privacies and background.
What I understand about Life is that you don't just have to look away from thing's that happens around your notice even if it didn't directly occured to you In particular, it'd always help you to have otherwise thinking before you take an action so that you don't regret at the end of it on a clear conciousness.
That's a sociological and psychological faculty of one trying to grow impact by impossibilities and possibilities imaginations whether we're sure or not sure of it.
Onto this man in question by Op, I'd he might be a responsible one which you don't know and the fact that he spends extravagantly doesn't mean he doesn't stick to provide the needful for his family.
I don't see anything wrong of a man enjoying himself or doing what makes him happy if he can afford it. If he has enough to spend so he it but if he's the fond type of lavishing his money out like that and doesn't take his responsibilities down to his family then there I'd say he's an irresponsible man because there are also men who're carelessly spending on unproductive pleasures that only have them temporary glory or punkick hailing and regrets all of their unnecessary expenses once they're out of funds.
The Op can still be right but let's say the man's story line can be an assumption since it's not verified.

There could be a lot of reasons of why that person acted like that, not going into those details, I think we should let people be as they are, because we dont know what they have gone through.

We might be completely right or grossly mistaken on our assessment on the internet here. Let them spend but we should focus on what we spend and try to moderate that. Dont use this person as an example of how people commonly spend because they dont, most people are getting careful of spending and saving than ever before.

I don't even know if this story is true, it sounds quite like a silly story, why are you intruding into the privacy of others and making claims you are not even sure of. I am not saying that people should be irresponsible in their spending, but you cannot judge a man based on the story you just told us, savings and investments are very important in protecting wealth and money, but one should also take their time to have fun and enjoy their lives, you cannot save everything.

It is true that there is no guarantee of life and we should not think so deep about future but it is also true that spending too much money on useless things is also very bad. Some people spend lots of money on their friends and wants to enjoy their life but later on they regret for all the life they have lived.

People who are talented often use to save some amount for later use because they know that if they spend all amount on enjoying life that what will they do if they needs money for the aim of handling an emergency. Everyone can use money without planning and its too easy to spend money but saving is hard and only those can save who have the capability to live a life with minimum resources.

What's with the hate of that man when he did nothing to you? He's not wrong when he said people should enjoy their lives and live it to the fullest because we only have one life to live. I think he's hit your ego and he can live lavishly and boast his riches through the microphone. So what if your instincts tells you what's your opinion about him and coming from you, you're not even sure. Just let people do what they wanna do with their money but some privileges from the ones who have a better status in life can do anything they want. Whether they have inherited the riches or worked hard for it, what is it for us? We have our own journey and if you think that someone like him is annoying while both of you sits on the same place then get out and let him pass through is own time of having fun and have fun when he's done, it's simple as that. But you're also right with the example that there are people that could be like him but in real life they're broke but again, what is it for us for their status in life?

That’s not true. Many people are anxious about their health and life in general even if they are still young. Their anxiety does not generally have to be triggered by an illness from their own body. They could have grown up seeing their other family members go through illness or even watch death and not be able to process it correctly hence why growing up they never got over their fear of death.

Here we go again someone who want to control someone life when he's not even give any contribution to that people.

If you're his parents, someone who provides and taking care, someone who give money for every month etc etc, it's still make sense you don't want that people doing something you don't like.

If you're just a friend, boyfriend/girlfriend etc, it's better for other people to avoid you.

There should be a balance in all things we do in our life..  we do not know when we will die, so we should spend a portion of our income, while we are still able to do it.

On the other hand, we might live until the age of 100 and then we will need more money for care and medicine. So my advice will be to save a portion of your income for the future and also spend some of your income to enjoy your life, whilst you are healthy enough to do it.

That guy might have a lot of money saved up and he might be living a happy live on the interest of his investments. We cannot judge someone based on limited information. 

As far as I understand maybe he has a lot of money so he is blowing money like this. There are many such people who consider it their fashion to spend more money and do not care about their losses. Beyond saving for emergencies you can save cash for other purposes as well. And having specific goals will motivate you to save. Setting a specific goal and giving it a name will help keep you on track.

If you look at it, there is no shortage of such people in our society.  There are many people who spend uncontrollably and do not care about their families at all.  It is very sad that a person who earns but does not take his family seriously and does not care.  I know other family members of such people are not happy at all.  Because this one person is enough for their mental suffering.  They don't care where they will get the money if there is any big danger in the future.  Where will the money for their treatment come from if they suffer a major accident?  There is no use in understanding them.  Because they usually don't listen to others.

People do really just that love on having that kind of involvement or something has to say into someones life just because on what they are seeing and its true that it doesnt matter whether he/she would really be using up his money on buying into those things on which it is something that not that practical anymore. We do have that saying "your money,your rules" on which it would really be better not to make yourself that too
sensitive on the things that you are really that seeing because if you do make yourself that having such kind of involvement or loving up to have those words about other peoples conditions then it does just
proves out that you are someone who do really love to see others situation. 

It would be best that you should really just that let those people on whatever the things that they would really be doing and just really that leave them alone on whatever
decisions that they would really be making into their own lives.

I think you're too hasty in jumping into conclusion when you know absolutely nothing about the person. He could have made so much money for himself that needs to spend some of it and what you saw could be 0.00001 of his wealth, so it won't really cost him anything. However, I'm not in support of extravagant lifestyle and I wouldn't take to heart the things he said because shoes have different sizes. Also, he's really dumb for exposing himself in such manner, he just opened up himself for attack.

Be that as it may,  our OP knows not the true story behind the man's enjoyment at the spur of that moment. Perhaps he had been sick or had done more in being responsible that it kills him inside and that's the only chance so far he had gotten to blow off steam and be far away from expenses and bills that don't benefit him.
I have seen many of those who have good retirement plans and are responsible family heads who still enjoy their evening drinks with friends or alone. It just goes to say that everyone has their plans to either succeed in the end or not at all.

My thoughts too, and I feel like it is too quick to draw a conclusion to his own story without having to ask him to know what exactly is happening. Sometimes we judge too quickly by what our instincts tell us without necessarily knowing the true color of things or situation of the things we thought we knew. Because OP thinks that the man is not picking his wife's call as an issue, that may not necessarily be. Like you have mentioned, it could be that his life has been medically predated to last for a while and he just had to spend the rest of his life having such fun.

That could just be one angle to many scenarios that may have led him to spending like that. Another angle could be that he is just spending a pinch or a peanut from what he has in his bank account and I know there are a lot of people out there who are extremely or stinkingly rich and always have budgets for their funs. And such little budgets that they take out of the funds that they have in their bank accounts to catch fun with it might be what OP seems to be extravagant.

That could just be less than one over hundred of his wealth. Maybe due to the nature of the job he's doing, he needs to spend some cash for his happiness and that you cannot take away from him or easily criticize him for doing. So next time what I think is best is to either ask the man, of his expenses and get a clear picture of why he's spending so much. Or one can ask people around to have an idea rather than just drawing a conclusion from the scene witnessed. Which includes his wife call that he may had ignored.

I have never had the thought that only addicted gamblers are reckless spenders. Recklessness in spending comes from a place of financial irresponsibility and poor financial discipline.

Your instincts about this man can be totally wrong, it is possible that he is a someone that meets up with his responsibilities at home, but his wife does not give him any chance for him to relax so he decided to just take out a day to have some fun time with his friends. Just because someone spends lavishly the one time you see them does not mean that they always do so, some of these people are even more financially responsible than us who are quick to have a judgment on them.

So many speculations about a person you don’t even know. You can’t be sure if the money he spent was more than he could afford, luxury is subjective. What’s expensive for you might not be for the next person. He was with friends, it’s likely that the bills will be spilt between them. I’m sorry but the topic title doesn’t seem to tally with the story IMO. You went out to have fun, you should do so without getting into other people’s business.

Irresponsible people like that are everywhere, they live on the now and care nothing about the past or the future, and no matter how many times you try to help them they are never going to listen as they believe themselves to be smarter than you, so let them be and avoid putting yourself on their path of self-destruction, as once their money runs out, instead of changing their ways they try to get someone else to fund the lifestyle they believe they deserve.

It's difficult to truly understand someone else's situation. Perhaps he seems reckless, but he might be struggling with difficult family conflicts and using spending as a temporary escape before facing his problems. Of course, reckless spending is harmful because it can negatively impact not only the individual but also those around them.

In my opinion, it's possible to find a balance between enjoying the present and responsibly planning for the future. We can treat ourselves to things we like while also saving. More expensive things don't necessarily bring more happiness. Money offers us choices, but true happiness comes from sources beyond material possessions. That's why reckless spending is ultimately a poor choice

The world is unfair. It may disappoint us, but the reality is that there are so many people who are like the man you're talking about, who spends huge on all kinds of vices as if there's no tomorrow, but still ends up with so much money.

This world doesn't necessarily side with the moral and responsible. Only those at the bottom, those poor and downtrodden, believe in karma. The people up there are spending so much money, time, and energy on drugs, women, gambling, and other vices, but they live long, tell a victorious story, eat well, live well, send their children to expensive universities, and so on. 

I often wonder how some are playing millions as if they're nothing but they remain to have money. I often wonder how some are committing all kinds of sins but remain healthy.

Nowhere in your story did I happen to catch any details about how you concluded that the guy was spending his retirement resources when you don't know him, didn't hear anyone say anything like that, and probably have seen him for the first time in your life. We shouldn't be so quick to judge, in my opinion.

I know, there are people in this world who wouldn't care about their future and they would spend all the resources they have on useless things, and luxuries, enjoying life while making no preparations for the future and then regret it when they fall flat on their face. However, it doesn't mean every honourable-looking man should be from the same category.

Who knows? The guy might have his businesses, having multiple sources of income that are projected to keep earning money for him even in the future, and he has enough money that he can spend so much every day without being able to exhaust his wealth.

If you are a worker or an enterprenuer, you should be happy that such people exist, because many of them are probably your clients. If everyone was only saving money, it would be very hard to do businesses. So in a way their loss is your gain. Many economists even suggest stimulating spending to help the economy grow, out of fear of a deflationary spiral.

Well he’s not entirely wrong, though.

As much as we should be planning our future, we shouldn’t be living in it already. The present is now and we should at least do something to enjoy it and not just wait forever for the future we had planned. Life is very fragile and everyday I am scared that something may happen which makes me ask myself if I had lived enough but of course the answer is no. So if I were to die today, my life would feel very incomplete and unfinished.


Mate we don’t know the whole story. Maybe they are going through something. We can’t make conclusions based on little observations besides it’s none of our business anyway.

Sounds like you're just being nosy op. Everyone has their own story, and while I do believe that your judgment has its merit, it doesn't change the fact that you're simply assuming the details from what you saw and not the complete picture. He may be overspending in your eyes, but who knows? He may be just so rich that such a cost may be a drop in his eyes. Or it's not even his retirement fund, not that odd for them to have the resources of profit even if they were of old age.

And let's be real, it's not odd for people to just ignore calls, regardless of who it's from especially if you're in a bad mood. An idea here is that the old man is simply trying to chill out after having a bad day, either from work or from family issues, pretty sure most of us have at least felt that, or at least something similar to that.

If such a situation is individual, it is not frightening, while what is frightening is that it turns into a phenomenon in all of society. Here we must sound the alarm.

There are many people like this man who have a lot of money and do not care how they spend it. It is certain that earning money is an easy way. Otherwise, if the money was earned through a long journey of tiresome and continuous hard work to achieve success, he would not have squandered the money in this unfortunate way.

Successful businessmen who created their success and wealth through long years of toil and hard work cannot waste their money in this ridiculous way.

So, you just judge that person based on what you heard. We don't know the reason why he thinks that way, but to me, the way he acted he seemed to be full of problems and didn't find any other way to lessen the pain he felt but to enjoy the drink and forget everything. We don't know his current condition nor the problems he has with his wife unless that guy talks to you openly and discusses his problems, that is when you can think that way but if not, that's when you should mind your own business.

Ths is a very broad topic and we cannot assume what we see as it might not the the full picture and I have known people doing such things wherein they have had  their own struggles reaching the level where they are and now wants to live lavish life for a while and some gets trapped and end up losing it all while other get out of it as it's occasional for them. I think financial planning is something everyone has to do be it rich,poor or lavish spender.

he probably has just quarreled with his wife that night and he wants to enjoy his night. that's just it.  the next day, he could just be working all day, 8 days a week.
by the story, i'm sure we don't know yet the background of this man so i wouldn't be too quick to judge. the next day he could be making peace again with his wife and life goes on.

i could be wrong with that but i'm certain a person at a certain age like 50 and up, all they want is peace of mind. 

What the hell is an "honorable looking man" meant to mean? I don't know how you think you can extract someones life story just by sitting next to them in a restaurant and maybe you shouldn't be so nosy as to be checking out who is ringing the persons phone. It all sounds like a made up story, but maybe the moral you're trying to express is helpful. Some people are happy going through life and spending every penny they earn immediately, that can actually work out well for some people - you might impress a shallow executive because you pulled up to an interview in the latest shiny car. Others will realize too late that they should have been saving or investing more, best to forget about all that and concentrate on organizing your own future.

Balance is very essential for a well-rounded life in different spheres, including financial planning. It is necessary to be more cautious with the spending of money because living aimlessly and failing to have an investment plan for the money can result in suffering during old age, compromising not only financial wealth but also the most valued virtues of life.

When considering happiness, keep in mind that it stems not only from instant enjoyment or an experience but also from financial security and stability. So be smart while handling your finances, set up long-term plans regarding money, and act sensibly in expenditure matters. Do not let occasional gratification force you to compromise your financial well-being and your cherished values among others.

Yeah, you are correct although these are people who aren't sure of their lives, maybe they have little view over their lives but we must know and understand that when you live a plain life then it will be very hard to feel so. For instance, those with drug addicts or with any health disease are most those who are subjected to be having such orientation and mentality over their lives because they aren't sure of what may comes next.
It is true we can't predicts how life goes, but we must also give ourselves a better life by restricting ourselves in some certain things that doesn't counts in us or that are not giving us a good living.

Well, relevance of the things we purchase is subjective. Some are indeed into things which are expensive and are not minding the idea of saving or engaging to investment but that is I guess valid, in the first place that's their money. With retirement, maybe they don't view themselves reaching such point which is why they are focused on the present. Realistically speaking, living in the moment is a good thing to do, but of course with moderation in most instances.Valid as well. Some people just find joy and rest from spending on things that would make their feelings of exhaustion, released. Being responsive with money means you know what you would be doing in those papers, it could be something that will generate or make it bigger, or something that would satisfy you, than to just let it be consumed by uncertainties.

I don't know how is gambling considered as spending but it's going to be a loss if you don't win. They won't probably get the hang of responsibilities if they don't know how to start them. If they started like that, indulging in luxuries and ignoring responsibilities, the wife shouldn't tolerate that and it is just a hard decision but a necessary one if you want to be happy.

It's not just the loss of respect within families but himself. He probably lost his value with his doing. It's sad that someone have to go through that but he/she needs to understand that gambling is addictive and he needs to stop if he experienced something like that.

OP, who gives you the right to stick your nose into someone else’s wallet and judge other people? Did he ask you for something, or does he owe you something because you don’t allow him to spend your money? Do you know his path? Maybe he worked so hard that he secured his life and could afford to rest beautifully. But since you're so frugal, what do you do at a party instead of finding a third job to fund your retirement? Sorry for such a harsh tone, but these are exactly the words you should hear from any person you undertake to judge. Get on with your life and don't turn into a grumpy old man.

Regretting what they done for spending big is just an alibi.

They should be happy even though they didn't have anything when they're old because they've had many good memories when they were young. They would regret if they didn't spend a lot money when they were young because when they're old, they can't drink wines and get drunk anymore.

This is not totally true or not to be generalized on any body who says stuffs like that at the bars or in other places. Some people say that to disguise themselves among people who don't really know them. Some are big time secret investors that you don't know but they only use such would to make you think of them as foolish people just like you will originally be thinking of people like that. There are big real estate investors that own good number of properties and are into different business that are doing well but yet they could be complaining of bad economy, would we now say the economy is actually affecting them like it is hard on the poor people? So that is the point, it is not all that say that who have not got any investment. But truly if someone has not invested, they wouldn't openly be speaking like that, they may not be taking care of the wife but not the children and they have good investment.

One way you can discern someone who has actually been a good achiever yet saying that is by his dressing and appearance. Sometimes you can tell about a man with his appearance.

Rarely does a person think about death unless he is old enough or his death has been medically predicted by a doctor. If you find a man like that, then don't disturb his fun. After all, you don't know how productive they were in the past.

I wouldn't jump to conclusions about someone just because I guessed from the behavior we glimpse. It's true what he said, that life should be enjoyed, whatever problems are happening right now, today is still the one that gives him the opportunity to enjoy it. Because we don't know his background, and don't know his whole life story until we make a purchase. What you see is not necessarily true, it could just be a prejudice and you don't see the whole thing. What if he and his wife had a fight and wanted to find some entertainment? no one knows except himself.

Sometimes a person perspective on the world is different, for example by saying: Life is sweet and we all only have one life so let's enjoy it (true) and I agree, life depends on how we live it sweet life or bitter life depending on the level of perspective he looked at.

The word expensive is subjective based on the financial status of an individual, the price tags looks expensive for you but probably for him it's just a penny that he can spend all day long without hurting his bank balance.

I do agree there are people call themselves as shopaholic and just buy whatever they want with their credit cars and struggling to even buy their meal at the ends of their month is wrong but I won't consider spending money as long as they got the capability.

Everyone with the way they understood life, if they see's life as something one needs to enjoy without making a proper investment then that is the way they viewed their lives. But those with the conscience and conscious of becoming penurious would always go for investment and wise spending. Naturally I don't see any need for someone to go waste money for that are necessary for the to spend that much although, there is nothing wrong when someone spend a dollar or 2 over a bottle of drink or food, but there should be a limits to how men spend on irrelevant things because life we say doesn't end immediately when we finished every money we have worked for.

While most of us thinks that there are only addicted gamblers who are reckless spenders, I want to let us know too that there are other reckless spenders who are even Irresponsible to their responsibilities and bringing about devalues to their influential personalities.

While in a sit out with friends last night, there was this honourable looking man who whose table was served with lot of expressive wines and edibles alongside with his friends too, While he is sitted very close to me, he was bragging and was even louder than the MC with the microphone saying... Life is sweet and we all have just one life so lets enjoy it to the fullest because while we are strong and healthy today, some are dead while some are in hospital.
Meanwhile we that are here do not know about our tomorrow so... Let's catch up the cruise of today because we are not sure of our tomorrow.
So he called in the waiter with more order placed.
As time goes but he was having incoming calls that he refused to answer and at last the call came I noticed he stored the number with My Wife and then he shutdown the phone to have his peace and concentrate on his enjoyment.

I am not sure of my instincts towards this man but with experiences from people of such nature, they are ones who lavishes their money on pleasures and does not have plans for their futures, they ends up regreting after much expenses when they runs out of funds. Then, they feels remorseful to had lavished their money on unnecessary expenditures and feels they had learnt their lessions but when they refills their pockets again they lost their responsible minds.
Meanwhile... They are usually the kind of people that budgets their incomes on unproductive and Irresponsible expenditures rather than spending on their families or even outdoors responsible spendings.

These are usually the set of persons that says... Had I know and once upon a time during their old ages after they must have spent their retirement resource at their youthful ages and end up being disregarded in the family and looses their influential values around the societies.