Saving Money vs. Missed Opportunity Cost

[Martin D.]

Hello BP,

After investing for a year and a half, I find myself in a strange dilemma. 

I've become so focused on cash-flow that I refuse spending any money on myself. I make extreme sacrifices on a personal level to reinvest everything on a professional level. Yet, sometimes I wonder if not spending money on oneself also comes with a cost. The cost of missed opportunities.

Where do you stand between living for free house-hacking in the suburbs (a house with three roommates), as opposed to 'losing' $1000/mo house-hacking a duplex in the city center (no roommates), and being closer to all the opportunities for social and professional networking that now become a lot more accessible and frequent?

I intentionally left little context in my question to make it as broad and relatable as possible to anyone of you. Thank you so much for your insights!

[Martin D.]

Thank you @Niteesh Singh & @Eliott Elias. 

To be honest, I never plan on retiring. My grandfather passed away working until his last days at 93. I plan on doing the same. We're a family of entrepreneurs and I think that mindset never goes away.

My goal was 5k/mo passive income, after which I want to focus on more creative things. But to be honest, I'm having too much fun building wealth and I'm now considering moving this goalpost to 10k/mo. Also, inflation is hitting pretty hard and I don't think 5k/mo is enough to live comfortably anymore.

There's a deal I've been eyeing that would allow me to buy a small multi-fam and continue living for free. But I'd be living even further from the city center and in a much less desirable area. I'm debating whether that's worth it or not. I do miss living in an area where I can also hang out with people and make friends. It's not easy every day being a lonely investor :D