Is anyone worried about saving/investing too much for retirement leading to loss of personal enjoyment during youth? What if I die before I can use the money I've worked so hard to save?

Honestly I feel this too because I grew up with the mindset that you need to save, you cannot buy anything else, can't travel overseas, just to save money. But legit make your decisions so that you won't have a lot of regrets. I used to think investing in hobbies was a waste of money too because of that mindset I have and my parents telling me that it's pointless but I regretted it so much,,, so yea YOLO, you need to find the midpoint where you live today like there's no tomorrow but if you live tomorrow you need capital to survive too :")

Balance.Balance.Balance. To each his own

This is definitely a real challenge in anyone's life. Accordingly, the best solution is to create a balance between living the life while planning for life.

In order to do this, we need to have a complete understanding on your cash flow. Thereafter, we need to have the discipline to be able to differentiate between a need and a want. Additionally, we need to have the ability to make a decision on whether to splurge or to save.

Here is a Guide:

Understanding Your Personal Cash Flow

Meanwhile, retirement planning is not difficult in reality. In fact, we should make full use of compound interest to work in our favour to every extent. In brief, this means to save a small amount every month early, rather than to be forced to save a huge amount later on.

More Details:

What is Compound Interest

At the end of the day, it is difficult to cut a pie and eat the whole thing. Instead, it is all about opportunity cost and how we overcome it.

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Hi anon,

We need to strike a balance. There is nothing wrong in want to do FIRE, but there will be sacrifices required to get there. For some whom which FIRE is an absolute must, they relentlessly sacrifice things even to the extent of a simple social life such as avoiding gatherings/weddings/etc because they don't want to pay. However, at what cost? Will getting FIRE at 45 instead of 40 be a very big difference to you?

The trick is in finding the right balance. This differs from person to person, but being pragmatic and frugal is not the same as being stingy. Make financial decisions that would bring the most value to you, and always remember that it's ok to allocate a budget for enjoyment, as long as you are not over allocating.

Have a long term goal in mind, and do a yearly review to see if you are on track, if not, ask yourself if there is something you can do to get yourself back on track, such as cutting some discretionary expenses or getting a side hustle for more income. With a goal, it will be easier to break down your progress, and you can of course give yourself some flexibility, such as, I want to FIRE at 45, but I'll be ok to get it at 46 or 47 if things don't quite work out. After all, who knows what life has in store for us?