I think the reason so many people need to spend a lot of money and save over a million dollars for retirement is because they feel like it Security is achieved through multi-bed/bath homeownership (castles) that are built around parking garages that house full-sized cars or sometimes large SUVs in the form of Military vehicles. This trend toward larger, more reinforced structures has been particularly strong since 9/11, and of course easy financing has helped this trend continue. On the contrary, status is demonstrated by the things (trophies?) they place in it. Large/new TVs, large/new refrigerators, large/new furniture, large/new kitchen, large/new patio, large/new toys. In MBTI terms, this behavior is primarily driven by those with a “protective” SJ personality.
The “player” character SP was sold on the desire for instant gratification. seize the day. Live in the moment. Do it! carpe diem. They need to buy what they want when they want it without any comparison shopping or looking at prices. These things are usually good for a laugh, but I personally think they should be Stop taking the present so seriously And start living a little for tomorrow
Either way, these lifestyles are expensive. Very expensive.
SJ and SP sensors comprise more than 70% of the population. Therefore, NT and NF ideas tend to gravitate towards this lifestyle as well. Humans are social animals. We display herd behavior to some extent.
However, many The two “diseases” in NF are moved away from the herd and toward the groundsSave the animals, save the planet, stop consuming. There are a lot of nuts in this group of very nice people, but generally the “sick ones” in NF are the ones most attuned to the fact that the above lifestyles cause harm as a side effect.
The Northern Territory “planners” have it all figured out. Many personal finance bloggers are “planners.”. On the street, you have a 15% chance of hitting an NT. On a personal finance blog, the odds are almost 50%! I thought I was weird By having a six-figure net worth before you make more than $45,000 and before you turn 30. However, for NT personal finance bloggers, this seems to be the norm. We’ve solved the personal finance puzzle, and therefore spend time telling people how to game the current system with ROTH IRAs, 401ks, emergency funds, college degrees, career paths, etc. in order to maximize expenses and consumption.
NFs are like canaries in the coal mine. When they are not happy, things have to change. So NTs should not only solve current personal finance problems, but try to predict and plan for the future in which the present will turn itself around under tension among humans. If history is any guide Things will look a lot different fifty years from now Just as it looked so different 50 years ago.
Those who plan ahead will be ahead. While those who optimized according to Current standards will eventually falter and struggle.
Hence, from now on I will also try to cover what I think the medium-term future (2030) will look like and how to prepare for it. I think the focus on 401k…homeownership and conspicuous consumption is the financial equivalent of preparing for the last war For example, running the best and most impressive cavalry horses against early mid-century tanks. Current strategies work for people over 50, but for those younger, things will be different. Maybe a lot different.
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Originally published on 2008-02-26 07:22:41.
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