So, I’m making this post as I am realizing I am a pretty boring person. I don’t do a whole lot with my life and I want to find more hobbies, get outside more you know. I have passions things I want but have never been the type of person to actually chase those passions. This may seem a little irrelevant but it ties in with my financial situation.
So I am turning 21 this year. I’ve been working for a little over a year now and I’ve got an amazing full time job. My financial future is not something I am too concerned about (not saying I don’t need to worry about finances, just saying I should be able to get while being somewhat comfortable). I work around I’d say around 2/5ths of the year (lots of vacation and free time) and I make around 170-200kCAD gross a year at the moment and will be increasing over the next few years as well as adjusted with inflation ( we get small raises every year ).
I have about 70k as of right now, most of which is invested (I like to have as much invested as possible while keeping a comfortable amount in my spending). I am looking to buy a house in 3 ish years. I am currently living at home with very little expenses. I just bought a reliable vehicle for 35k cash and have another vehicle I am trying to sell for hopefully 8-10k. Other than that I have no debts or anything. For expenses I give my dad half a grand a month for food and stuff but he doesn’t charge me any rent. And for myself I spend probably 5-1k a month. I usually have a few expenses early in the year like insurance and golf memberships and such but I think I am hitting the plateau of major things I need until I buy a home.
Long story short I’d like to indulge a little more while I’m young, you know enjoy nice things while I’m young. I’ve always been super save minded as I don’t like spending money., although I’m not too serious about this, there’s an old classic car I really like that’s worth 18k. Was wanting some opinions about my situation and if it’s okay to indulge a little bit while I’m young as I already have a pretty good job. Like I said I am really safe minded and I don’t like to count my chickens before they hatch, but I want to experience and enjoy things.
I don’t know maybe this is dumb and I just need a reality check but I’ve heard a lot of older people say they regret not doing a lot of stuff in their younger days. What are your opinions on this mindset and for the older folk in this forum, what’s your stance on this approach?