Part 4/9:
The conversation then shifted towards an assertion that individuals overestimate their retirement needs. Amanda contended that younger generations, particularly Millennials, are not saving enough for retirement—a product of a "YOLO" culture. However, Mindy brought to light an alternative take, suggesting that members of the Financial Independence (FI) community may indeed save too much, potentially at the cost of their current quality of life.
Both views highlight the balance needed between saving for the future while enjoying the present. It reflects the importance of understanding your financial goals and the implications of aggressive saving versus living a fulfilling life now.