So I had a discussion as lunch the other day that made me question whether I’m a yuppie or hippie. On the one hand, I’m a young, urban professional, living in a modern apartment, drinking my blueberry vodka. On the other hand I’m an organic eating, outdoor loving liberal. So maybe I’ll just be a little of both.
This came up again today. At work, I finally got to sign up for my IRA plan. My company will match up to 3%, so you might as well. It comes out to about $100 a month pre-tax. I did the math, and assuming the IRA portfolio continues on it’s track (the portfolio features banks and oil companies, so I’m assuming that’s a good bet), the $1200 I put in a year, plus the $1200 the company puts in will turn into about $350K by the time I retire. And that is one year’s worth. So yeah, there is an adult moment for you. Less money now, but it will help me retire comfortably.
I brought this up with my mom, who was quite proud of me. She and my dad have quite a lot of debt because they didn’t exactly plan for the long term. Needless to say, I learned a lesson from that. It also happened that my IRS refund came in today (which is why I was at my parents’ house). I used a good chunk of this to buy myself camping gear. I ended up spending about $400 even at REI, and I still have some more stuff to buy. I did get a kick ass 2-person, 3-season tent for $170 that only weighs about 5 pounds, and I got a goose down sleeping bag that goes to 30 degrees and weighs less than 2 pounds for $180 ($134 after membership discount!). I also picked up some small things like my new kick ass headlamp. The thing is freaking bright, has an emergency strobe mode, and lasts for 150 hours. I love REI.
After getting this gear, I showed it off to my mom, who was a little puzzled at my purchase. I told her I was coming to Lawrence to camp, so I might as well get the good stuff. She took this as a yuppie sign and wondered where her son who wanted to be poor and happy went. I figure it this way. I always wanted to be the guy who goes camping. I always wanted to be the guy who goes on cycling tours. I always wanted to be the guy who plays company softball on the weekend. I’m finally at a place personally and financially where I can be that guy. Rather than let my cheapness and laziness win, I’d rather use my spare money to keep self improving. If none of my friends want to come camp with me, who cares. I’ll gladly drive 3 hours to Arkansas and camping at their awesome state and national parks by myself. If they do, then all the better. So in the meantime, I’ll keep buying my gear and enjoying myself, because who knows what will happen tomorrow. It would be a shame to die young and never have used my spare time and money to do the things that I enjoy.