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  • Jeff Atwoodcodinghorror@infosec.exchange
    Jan 14, 2025, 6:52 AM

    I just remembered Die Broke (1998), a book my father recommended to me soon after it came out. Key concept: Spend your money while you’re alive instead of leaving a large inheritance. Use your wealth to enjoy life and provide for your loved ones in meaningful ways during your lifetime. Reject the idea of hoarding wealth for future generations; instead, invest in experiences and meaningful connections.

    (I personally would add that "your loved ones" should include a broad swath of humanity, not just a thinly veiled tax dodge "charitable trust" with no stated goals or timeline controlled by your three 60+ year old children. I am not talking about anyone in particular, of course 🤔)

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  • ꟻꟻAИ ᗡATtadnaff@mastodon.social
    Jan 14, 2025, 6:56 AM

    @codinghorror some of us just get to do that, no need to read a book. But on the lighter side at first glance I thought "Die Broke" was German. "I wonder what a Broke is in English... Oh"

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  • Lee Holmes :donor:Lee_Holmes@infosec.exchange
    Jan 14, 2025, 4:21 PM

    @codinghorror There was a King of the Hill episode with a similar refrain that really resonated with me. Two of the main characters are having marriage difficulties, and their marriage counsellor asks them what they want to do when they retire. They were then recommended to do it now, and together.

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  • J.P. Stewartjpsays@mastodon.social
    Oct 20, 2026, 3:16 PM

    @codinghorror

    This is something Fidelity keeps stressing every 3-6mo when we meet.

    I appreciate the message, even though I’m trying to plan for the next 40+ years, just retired, and have no home at the moment.

    Yes, they very much include giving and not just in or to/from a trust.

    Their asset range with that much outlook is a VERY wide range unfortunately.

    Regardless, I’m very much in agreement of this.

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  • noahmnoahm@chaos.social
    Oct 20, 2026, 8:37 PM

    @codinghorror My grandmother lived this way. For the last 10 or so years of her life she rented a cabin on a lake every summer. The family that lived nearby would come and go as they wanted, and the ones who lived further away had a fun place to stay when visiting. It was a great way to spend the summer together in a really special time and place.
    I don't know if she died broke, but it was definitely not her goal to have much left over.

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