The Age of the Mk2 Human... [Goofy thoughts while walking around Toronto]...

Posted by: Adam-West

Lol no that's stupid. I'll just download it on the piratebay. Or ctrl C/V

bUt iT‘s UnIqUe!

As you age, you start to think how many quality years you have left. You can always make more money, but you cannot make more time. My 90 year old Dad has always said "They can't bury you if you're moving", so keep moving and stay active, people. Give the electronics a rest, go for a walk & breathe in the fresh air.

Posted by: Stuminator

As you age, you start to think how many quality years you have left. You can always make more money, but you cannot make more time. My 90 year old Dad has always said "They can't bury you if you're moving", so keep moving and stay active, people. Give the electronics a rest, go for a walk & breathe in the fresh air.

I started thinking about this a few years back, about how much time I have left on the clock.
I figure it's about 30 years of good living left where I can live the lifestyle I want to, and in a way it represents a chance to live a second life.

The most valuable resource any of us have is time. It's completely non-renewable and the older I get the more I value it. I'd argue that the second most valuable resource is our health. Most of us have at least some control over that. It's sad to see people squander these things.

Ya life is a limited time opportunity and nobody gets out alive! When I am outside being active these day I appreciate the moment more and more because I know the last ride or last run will happen one day. Hopefully not too soon, but you never know. It also changes how I ride. I definitely don't take crazy chances these days. I'll ride hard trails at a reasonably fast speed for me, but it anything feels off or I am not on my game I won't hesitate to take the ride around or to cut a ride short. It takes me longer to heal these days so a bad crash could mean a lot of missed riding. 

The nice thing about MTBing is that riding at 80% Full Fury is far far safer, but not less fun and not even that much slower. So toning things down a bit isn't a stoke killer.  I'm also feeling it's important for me to do other sports as that helps me prevent RSIs which have been an issue for me over the years. When I love something doing it more and more and more seems logical, but that leads to problems eventually. Trail running and long distance skateboarding are fun and give my hands/arms/shoulders a break [where I tend to get my RSIs]. 

Working for money means that whether you are doing something or buying something it's just a choice about how to use your precious lifeforce. That fancy new FS bike might be equivalent to taking a month of work and spending it in Moab riding your current bike.

Somebody pointed this info out to me a few years ago and it really helped me.

https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

You don't have to be into early retirement to use this info. Basically it comes down to the fact that if you decide to spend less you can trade that non-spending for time to do other things in your life rather than working to pay for that spend. Obviously the more you do that the more freedom you can access.

Adam West's approach to lifestyle design is another good way to attack the problem. Trading a higher paying job for one with a better work life balance.

Other people work hard for a stretch saving as much as they can. Put that into investments then take fun/easy jobs that don't pay that well while their investments grow so that they've got enough to retire on later.

No real wrong answer as long as you know there are options besides grinding it out at work until you hit traditional retirement age and then get a bunch of free time when your body may not be able to do what you want.

Looks like it might be time to change the website name NSOTMB

Ha! One of main reason I chose to re-prioritize things to free up more time is to ride my mountain bike in the forest. I've had those morning chats via some messenger app with friends sharing a link from PB or NSMB about some trip report or sweet riding area. Everyone is stoked and inevitably somebody says "We should totally go check that out boys!" and everyone agrees "Ya let's do it!!"

Then it never happens because #Life, which really translates to "I'm working too much and in the very minimal free time I have I gotta do X, Y and Z." And of course family and other things are higher priority than riding bikes, but like Neils pointed out on the previous page choosing to buy that new car or new MTB work work against you being able to have more free time to actually go on a road trip with your buddies and ride. Buying more = Working more.

I've re-jigged my life a few times as work stuff changed to get more free time I've never regretted being able to ride my bike more. Riding bikes more seems pretty OT for a site like NSMB.

For my part I am back home today and stoked to ride so I'll post more weirdo hardtail with fenders porn under the gear sub-forum!

Posted by: Vikb

Somebody pointed this info out to me a few years ago and it really helped me.

https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

You don't have to be into early retirement to use this info. Basically it comes down to the fact that if you decide to spend less you can trade that non-spending for time to do other things in your life rather than working to pay for that spend. Obviously the more you do that the more freedom you can access.

Adam West's approach to lifestyle design is another good way to attack the problem. Trading a higher paying job for one with a better work life balance.

Other people work hard for a stretch saving as much as they can. Put that into investments then take fun/easy jobs that don't pay that well while their investments grow so that they've got enough to retire on later.

No real wrong answer as long as you know there are options besides grinding it out at work until you hit traditional retirement age and then get a bunch of free time when your body may not be able to do what you want.

kind of the same idea as " the wealthy barber " the idea is to save 10%, IME if you use a PAC to withdraw/ invest the money you don't feel that its gone after awhile

Its a generalization of course but from what I seen people who take high paying shitty jobs in camp just spend more of that money to pay themselves for having such a shitty time, might be why the drug problem in north east BC is the same as the downtown eastside

Posted by: XXX_er

kind of the same idea as " the wealthy barber " the idea is to save 10%, IME if you use a PAC to withdraw/ invest the money you don't feel that its gone after awhile

PAC == (recurring) pre-authorized contribution? Yes I guess for those who have difficulty maintaining financial discipline that would help.

Personally I have no trouble saving. I take care of my finances every 1st of the month. If all has gone well I've been paid at the end of the previous month. I then pay my bills. Finally I simply transfer the remainder to my investment account and add to my couch potato index funds. I don't feel like the money is gone at all, to the contrary: it is compounding exponentially.

There is an older forum thread on this subject. Like most other threads here it got derailed all the time but there is some good info in there. In fact, it was right around the time that thread was started I figured I needed to do something about my retirement and that thread pointed me in the right direction. Canadian Couch Potato, Mr Money Mustache, etc. Who would have thought I'd take investment advice from NSMB NBR, lol.

exactly ^^ I didn't miss 10%  taken off the top every month and into an index fund cuz while I don't pay enough attention/ not sharp enough to do my own investing I was just sharp enough to sign the PAC order.

i used to get service charges cuz I forgot to pay bills on time so now I got them all  autopayed from account or by visa and then the visa is auto payed

I could literally kick off and everything would get payed just  rolling along for months

Posted by: [email protected]

Personally I have no trouble saving. I take care of my finances every 1st of the month. If all has gone well I've been paid at the end of the previous month. I then pay my bills. Finally I simply transfer the remainder to my investment account and add to my couch potato index funds. I don't feel like the money is gone at all, to the contrary: it is compounding exponentially.

There is an older forum thread on this subject. Like most other threads here it got derailed all the time but there is some good info in there. In fact, it was right around the time that thread was started I figured I needed to do something about my retirement and that thread pointed me in the right direction. Canadian Couch Potato, Mr Money Mustache, etc. Who would have thought I'd take investment advice from NSMB NBR, lol.

I had no trouble saving before I got keen on freeing up more time in my life, but once I got stoked about that goal I really put my mind to it and went through my financial life to make it much more efficient. I wasn't doing anything crazy bad, but it seemed like when I looked deeply into every major area of my life I found ways to spend less while maintaining the same happiness/quality of life.

It sounds like you have your priorities well established and a good financial plan in place. 

Thanks for the thread link. I'll read it in chunks over the next few days. Talking about personal finance on a MTB site totally makes sense to me. I can't think of a rider who would say no to an extra 2 week MTB road trip each year. Being efficient with your money means more time to ride and more money to fund those rides.

Posted by: XXX_er

kind of the same idea as " the wealthy barber " the idea is to save 10%, IME if you use a PAC to withdraw/ invest the money you don't feel that its gone after awhile

Its a generalization of course but from what I seen people who take high paying shitty jobs in camp just spend more of that money to pay themselves for having such a shitty time, might be why the drug problem in north east BC is the same as the downtown eastside

There is no "perfect" solution for everyone. I could do the camp thing and crush my annual savings. I have sort of done that in the past working on remote projects, but not related to oil & gas.

The key is to see the connection between spending/saving and free time. Then come up with ways to improve how you handle your money so you end up with the best life. 

For some people automating their finances as much as possible so it all happens without thinking about it helps them achieve their goals. So it's a great tool for those people 100%.

Posted by: Vikb

I had no trouble saving before I got keen on freeing up more time in my life, but once I got stoked about that goal I really put my mind to it and went through my financial life to make it much more efficient. I wasn't doing anything crazy bad, but it seemed like when I looked deeply into every major area of my life I found ways to spend less while maintaining the same happiness/quality of life.

It sounds like you have your priorities well established and a good financial plan in place. 

Thanks for the thread link. I'll read it in chunks over the next few days. Talking about personal finance on a MTB site totally makes sense to me. I can't think of a rider who would say no to an extra 2 week MTB road trip each year. Being efficient with your money means more time to ride and more money to fund those rides.

Absolutely, optimizing life to maximize time for the things we love most makes total sense.

Surprisingly not a lot of people are on board with this it seems.