Jonathan Clements: Vacation Vegas

Posted by admin on Saturday, November 13, 2021

Jonathan Clements Money Quote saying to retire is comparable to vacationing in Vegas for as long as you can afford it. Jonathan Clements said:
 

 

“Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money” — Jonathan Clements

 

 

In this quote, Jonathan Clements seems to be drawing a comparison between retirement and an extended vacation experience like one might have in Las Vegas. Specifically, he suggests that:

• Retirement offers a similar opportunity to fully enjoy oneself and one’s time without the constraints of work, similar to an leisure-focused trip.
• However, Clements cautions that just like in Vegas where it’s easy to overindulge and overspend and run out of a vacation budget, retirees must avoid enjoying retirement so lavishly that they deplete their retirement savings prematurely.

The best interpretation is that Clements’ view is retirement should be a period of fun and relaxation, but also requires financial prudence to make the enjoyment last as long as possible, just as balancing enjoyment and budget is key to maximizing a Vegas getaway. His quote conveys retirement as a “long vacation” experience that similarly demands moderation to sustain its benefits for as long as one’s funds allow according to one’s planning and means.

Jonathan Clements: Buying Time & Autonomy

Posted by admin on Thursday, March 8, 2018

Jonathan Clements Money Quote saying money buys us things that often make us miserable, but also allows us to be autonomous and to save more time. Jonathan Clements said:
 

 

“First and foremost, money buys time and autonomy. Secondarily, it buys experiences. Last, and least, it buys stuff, and more often than not, the stuff we buy makes us miserable” — Jonathan Clements

 

 

In this quote, Jonathan Clements is ranking the different ways that money can be used or spent. He argues that most importantly, money provides “time and autonomy” – it allows one to replace earning income with leisure time, and gives independence over one’s schedule and lifestyle choices. Secondly, money can be spent on valuable “experiences” like travel or entertainment.

But least importantly, money is often wasted buying excessive “stuff”, which Clements says tends to not ultimately make people any happier in the long run. The key message is that using money to gain more free time and freedom of choice brings greater benefits to well-being than the temporary satisfaction of acquiring possessions.