I listened to a podcast with a successful trader the other day, and he has an interesting view on wealth acquisition and spending. He believes that any money unspent when you die is completely wasted (ignoring what you leave to offspring or family members in need), so there should be a net worth curve that peaks sometime between age 50-60 and allows you to maximize your experiences. So now he is committed to things such as spending each summer in a new country or city in Europe and really immersing himself, traveling the world, partying, trying new things, and spending more money than someone in his position might.

For instance, let's say you really love sex. You're not going to be an 80 year old man slaying, you should try to get the enjoyment out of sex that you can over the next 20-30 years. Same goes for a hobby like skiing. Say you want to ski 1000 times in your life, you should probably do the bulk of that now and not plan on doing it when you're older.

Life events do cost money, but they pay dividends later. An acquaintance of mine recently fought an amateur MMA fight and won, he will have the rewards of that experience paying off for the rest of his life in terms of confidence, story telling, memories, etc. Don't miss out on things you want to do just because you are pinching every penny and putting it all towards your house, because you may not derive as much pleasure from these experiences at an older age. And having a nest egg built up that goes unused by the time of your death can be looked at as missed opportunities for life experiences.