My greatest example would be where I am living now in a retirement community. This lifestyle was only possible if I delayed retirement until age 70, which I did. I have been here less than a year and already find that the sacrifice (such as it was – I loved my job) was well worth it. Currently I must watch my discretionary spending to avoid future shortfalls, yet the incentives for financial stability far outweigh any negative cast of sacrifice. The nation in which I live – more conservative than some regarding retirement benefits – provides the incentive for work and thrift. Even though it induces a greater measure of financial discipline, this is in my opinion beneficial for the financial realm becomes a ready living metaphor for the benefits of discipline in general. As Benjamin Franklin said “a penny saved is a penny earned” or as we must now say “20 bucks saved is 20 bucks earned” and accretion rather than depletion is the name of the game.
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