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Re: undefined

#11

Post by petewarden » Sun, Oct 11, 2009, 8:58 PM UTC

maximilian wrote: post #4

So cheap that I convinced a lot of my friends to sponsor my new home; this way I wouldn’t have to pay for any of the furniture. Sounds like I'd want to be his friend. I live pretty cheap, but I'm not afraid to buy my friend a beer or a burrito. Social capitol is not about money, but about having friends to help you out with things. And it seems that in business, being frugal at the beginning is important to keep your…

My Dad lives pretty frugally, but he spends like $5K every year on a great trip somewhere

There's research indicating that experiences produce more lasting happiness than possessions: http://www.sciencedaily.com/releases/2009/02/090207150518.ht...

This seems plausible to me.

Re: undefined

#12

Post by sorrow » Sun, Oct 11, 2009, 9:21 PM UTC

mitko wrote: post #2

He could have started with the main line. This would have made the article better. There is saying: "Cheapness is the mother of misery"

Perhaps yes, but it is must remember that you can be cheap and spend money when needed. The problem comes when you are always cheap and never not so.

I am cheap but I will spend money on things that matter. I will not buy something so cheap it must be replaced when more expensive would last longer.

Being cheap is not always buying as little as you need, but buying the things that truly matter and not frivolous.

Re: undefined

#13

Post by chrisb » Sun, Oct 11, 2009, 10:38 PM UTC

"So cheap that I convinced a lot of my friends to sponsor my new home"

What?

Maybe it's because I'm in the UK, but I don't understand this at all - why would friends sponsor your new home? And what does it mean? Do they just buy all your stuff for you?

Re: undefined

#14

Post by mhb » Sun, Oct 11, 2009, 10:42 PM UTC

I convinced a lot of my friends to sponsor my new home

$2000 bed frame

WTF?

Re: undefined

#15

Post by krschultz » Sun, Oct 11, 2009, 10:43 PM UTC

chrisb wrote: post #13

"So cheap that I convinced a lot of my friends to sponsor my new home" What? Maybe it's because I'm in the UK, but I don't understand this at all - why would friends sponsor your new home? And what does it mean? Do they just buy all your stuff for you?

It is easy to be cheap when your friends are buying you a $2,000 bed frame.

$2,000 can get you a nice vacation for two or a lot of food.

Re: undefined

#16

Post by noonespecial » Mon, Oct 12, 2009, 4:15 AM UTC

"Sometimes you can't afford the cheapest thing."

I've found plenty of times that the time and effort involved in saving that extra buck isn't worth a dollar.

Re: undefined

#17

Post by DanielStraight » Mon, Oct 12, 2009, 4:44 AM UTC

noonespecial wrote: post #16

"Sometimes you can't afford the cheapest thing." I've found plenty of times that the time and effort involved in saving that extra buck isn't worth a dollar.

Seriously. Cheap can be stressful. Looking around for a deal, never knowing if you got the best deal, never knowing if you're getting a quality product (you probably aren't if you're really cheap). Of course, wasting money isn't going to help you either, but that's why, as with everything else, you should take a moderate position. Don't buy a Maserati (unless you're just so insanely rich that you don't even need to be thinking about money at all), but don't buy a $50 car that barely runs either. Neither one is a sensible financial decision.