This is a YouTube video segment by Ramit Sethi where he and another speaker discuss booking an expensive trip (estimated $10,000+) to the Faroe Islands, discover that a $10,000+ reserve was misplaced (speaker reports losing $12,000), and reflect on the emotional impact of past financial mistakes and the urgency of retirement-age financial decisions (mentions being close to 70, cancer-survivor mindset, and consequences at age 85).
Three or four weeks ago, we started looking at this very cool tour of the Faroe Islands, where you fly to Copenhagen and then you fly over to the Faroe Islands. How much is this thing going to cost? I can't see that it would cost anything less than $10,000, and it might cost more than that.
It's not like we have $10,000 in cash sitting around that we could just shell out.
We do, actually. What's happening right now? Do you or do you not have $10,000 of cash? He had some money, some cash that he was supposed to put into, like our reserve fund.
Put it in a bad spot.
He put it in a bad place and lost it. How much are we talking about?
12,000.
I really lost it. I was very upset. I felt very much like I had been betrayed in a way. I have the classic cancer survivor brain of, what if it comes back and I haven't done all the cool things. Guys, you're close to 70 years old. We need to be realistic here. The decisions you make today, no joke, they're very important, because if you get it wrong, you end up 85 years old, no money, and that's it. We're at the age where our friends are dying. So do you hit it hard and just say, we're going to live really hard until we die?
