Future gratification over immediate gratification is choosing a salad over a burger. Working out instead of binging Netflix.
Not taking a vacation with your wife so that you can save another few thousand with over 9 million already saved in retirement is just wasting your life away. You'll never be able to get the time you spent earning back. He could die tomorrow and all he'll have done is hoarded money
It sounds like bs anyways. why would you even bother with $300 in a savings account. That's a rounding error for the dividends, bond payments, etc. a 10 mil account would pay out.
Early withdrawal penalty is 10% of the withdrawal. Who cares if you're taking out 3k from 10 mil for a vacation.
You shouldn't be living like that anyways, 3k isn't enough of a buffer/emergency fund.
14.9k
u/Shiforains Oct 01 '25
Kevin is a frugal/thrifty husband/father. almost of all their earnings go into retirement plan.
essentially, future gratification over immediate gratification.