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@valbass Agreed. So the right answer is somewhere in between. Don't save all the money and live unhappy for decades, and don't blow all your money either. Maximize the expected total discounted happiness you'll enjoy, where you're free to factor in the happiness of your heirs getting their...

@derry Very sorry for your loss. Indeed, the right amount of spending is a tradeoff between enjoying now and enjoying later, where enjoying later comes with more money (if you invest) but also more risk (inflation, you die before then, etc).

@nina_m Also, the goal is to maximize the cumulative happiness in life. What's the point of getting $10M at age 65 if you spent most of your life being unfulfilled?

@phphavok Percentage matters. If you're already paying 250 a month, that's a 12% increase. Steep, but not unheard of. And not as bad as a 10/mo increase for someone paying 50/mo.