In personal finance, we discuss disciplined spending, forced saving, frugality, the FIRE movement, investing strategies, asset classes, emergency funds & so forth.

But you don't see many financial advisors discussing the "utility of money" at different ages.

(Continued)

If you keep on dollar-cost averaging into your 401k, by 65 or 70 — yes — you probably will have enough to retire on, but the utility of that money is going to be very low.

You might have the time & the money, but you won't have the energy or excitement like your younger self.

On the other hand, at 32-38 the utility of money is possibly at its peak.

You are in your prime, still extremely healthy & strong, enough stamina, and even some wisdom.

At this point in your life, being frugal & denying yourself wonderful experiences is just silly.

Think about it like this.

Whether you are walking through Paris all-day long, climbing the cliffs & beaches of Bali, or sailing the Mediterranean,

You will be able to afford all of those experiences at 65, but will you have the energy & stamina to do them & enjoy it?

So what’s the solution?

In my opinion, it cannot be frugality, delayed gratification or denying yourself the experiences you should have had in those special years (20s or 30s).

Instead, don’t follow conventional wisdom.

Take entrepreneurial risks & practice the abundance mindset.

Attempt to reach F.I. early on & live a fulfilling, adventurous life & create wonderful memories.

That will make you happy at 65, not your retirement lump sum in the 401k.

This is probably the most important tweet I’ve ever done — but probably only the oldies will understand it’s true meaning.

Everyone else is consumed by their daily grind, or their trading account betting on growth stocks, or their next real estate / private equity deal.