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Being Frugal Makes You A Loser

ajkesslerblog.com

181–190 of 211 posts

Re: Being Frugal Makes You A Loser

#181
post #12

Bed and chair manufacturers must love this post. While I agree that it's pointless to skimp on things which would make you more productive, it's not necessarily true that the really expensive ones are better.

Just make sure to bargain the heck out of them. The markup on pricey furniture is something like 100%.

Re: Being Frugal Makes You A Loser

#182

Earlier quoted context omitted.

There's so much I find wrong here I don't know where to begin. I'm not the type to line-by-line somebodies post, but I'm tempted here. Remember what Einstein called "The most powerful force in the universe" -- compound interest. Small savings, done consistently, can grow into fortunes. Haggling; Couponing; Finding the best cash-back credit offers (and changing regularly to the currently-best credit card), the best AP…

But your time has a cost. How much time do you spend cutting coupons, seeking discounts, finding, and then pursuing rebates, cash back offers, etc? Could you spend it doing something else? Would that time expenditure make more money than $3k/yr? The last calculations I saw, you were almost always better off picking up a part-time job or a hobby that makes stuff you can sell.

Not nearly as much time as you think. And $3000 is the low-end that I used to make a point.

In truth, last year, using those things I mentioned, I received slightly over $25,000 in extra perks and bonuses. That's not an exaggeration. The bulk of that is 2 free first class tickets to Europe. After that, about $3k in coupon savings, and $2k in cashback on my credit card, and a few hundred dollars in the "open this checking account and get a $100 bonus" type of rewards.

This is in addition to 50-60 hour weeks billing hourly and working from my home office.

Next year I probably won't be able to repeat that: it looks like I'll only be scoring _one_ free first class ticket to CDG. Even still, that's an estimated $16k this year

Re: Being Frugal Makes You A Loser

#183
post #20

Wow, I disagree. Starting with expensive shoes. I wear flip-flops, shorts, and a t-shirt to work everyday. I'm pretty comfortable. I don't see the correlation between expensive footwear and comfort. Beds. Yes, you spend 1/3 your life in bed. And you spend it unconscious. You spend about 0.03% of your conscious life in bed while falling asleep (30 mins a day). But more importantly: Relax. Just because you make a certa…

The biggest correlation is between upfront expense and long-term durability. Good shoes can be resoled, which is fairly cheap and can be done quickly. A good pair of leather shoes could last you 10 years. All you'd have to do is get them resoled each year or however often you wear through them.

Flip flops don't provide a lot of ankle support, and for some people that can be an issue. I walk between 5-7 miles a day, and while I find flip flops comfortable for lounging around, I wouldn't want to walk any serious distance in them.

I've found that certain shoes are much more comfortable than others, and they tend to not be on the cheap end of things (not the most expensive either). Because of how much I walk, I'd go through several shoes a year, and now I'm switching to only buying shoes that can be resoled. It will save me a lot of money in the long term.

Re: Being Frugal Makes You A Loser

#184

Earlier quoted context omitted.

I couldn't read past "I'm not worth it" . Based on that and your reply here it just seems as though the author is materialistic. They're defining their worth by the quantity and quality of the goods they possess. I don't see how that's a healthy attitude. I'm probably on an extreme end of the spectrum as I'm pretty minimalistic and don't have many possessions but those I do have are typically of higher quality. I don…

I read the piece through to the end, and while I don't really like the way he presented it -- there's no need to call anyone a loser -- there is an important message to be shared. That is: care about the experience you give yourself. You clearly get this. Sometimes having fewer possessions results in the experience that we value more. Your views might share more with the author than it appears on the surface. Where t…

There was a great post on Quora that made a similar end argument, but presented much more logically and respectfully: http://www.quora.com/Life-Advice/What-life-lessons-are-count...

"1. Chasing more and more money is not a route to happiness. You shouldn't try specifically to acquire more money in the hopes that it will make you happy but rather, once you have money, think carefully about how you can use it to increase your happiness.

2. Using money to buy the wrong things (often: things which are popular, things which other people desire, things which require much manual upkeep or worry - see #3) does not result in happiness.

3. People often use money to buy things which they then spend time worrying about, rather than purchasing things which allow them to worry less."

The main argument is that it's not a good idea to be frugal just for the sake of being frugal - both extremes of materialism and the opposite are an unhealthy relationship with money or possessions. Buying better things isn't because "you're worth it", but because in some areas it will genuinely make your life a better experience. It's about evaluating all the circumstances and making the best decision rather than applying one credo constantly and repeatedly.

Re: Being Frugal Makes You A Loser

#185
A better intelligent article would have address the total cost of ownership and efficiency of the product over its lifetime.

In that sense, buying better quality products which might be more expensive at first is a better deal. In this way I am willing to concede that you shouldn't sell yourself short. But this can honestly be all summoned up by saying, do your research before you buy.

Re: Being Frugal Makes You A Loser

#186
post #20

Wow, I disagree. Starting with expensive shoes. I wear flip-flops, shorts, and a t-shirt to work everyday. I'm pretty comfortable. I don't see the correlation between expensive footwear and comfort. Beds. Yes, you spend 1/3 your life in bed. And you spend it unconscious. You spend about 0.03% of your conscious life in bed while falling asleep (30 mins a day). But more importantly: Relax. Just because you make a certa…

>I don't see the correlation between expensive footwear and comfort. There is a close correlation, but only if you buy genuine leather shoes. Good leather gets into shape while you wear it. If the leather is really tough, it takes a while, but afterwards these shoes will fit as if they were made for you. There is nothing that can be as comfortable, IMHO. The feet are always dry, warm and comfortable. The price is hig…

Believe it or not, we can agree on the leather part!

I actually wear leather flip-flops. They are quite painful to break in, but ultimately curve exactly like my foot and have a wonderful feel.

Part of our opinions are also cultural. I live by the beach in California and wearing flip-flops can actually be stylish.

Thanks for the informative reply.

Re: Being Frugal Makes You A Loser

#187
post #60

Earlier quoted context omitted.

> and makes no effort to understand that many people cannot afford the quality goods the author can A study done years ago found that the reason poor people stay poor is because they always buy the cheapest option so any money they save up ends up getting used right away to replace something. A never ending cycle of buy cheap/replace broken cheap stuff. >For example, I use to drive sports cars and convertibles, but n…

Which study was that? I've heard the same thing mentioned several times but never seen the actual source.

It's an old study, I believe written in the UK. I read it in paper (don't remember if it was a magazine, book, or excerpt).

Re: Being Frugal Makes You A Loser

#188
post #159
post #76

Earlier quoted context omitted.

>I can throw out or resell a 400$ laptop with some ease; not so easy with a more expensive model. I disagree here. If you pay $400 for it what is your resale value after a year? I wouldn't even pay $50 for a year old $400 laptop since it's nearing end of life. A good MBP, however could be sold three years later for half value or a little less. This is not a bad option for people who want the quality but can't afford…

I should probably bring up a few issues. > Laptops It's hard to find a buyer for an expensive laptop. Furthermore, you can find people who buy Pentium 4 laptops for more than 50$ if the battery is working properly. Point being, a one-year old 400$ laptop selling for 200-300$ is not utterly unheard of, especially if you have kept good care of it. I understand that it may be different in other parts of the world. The a…

You're experience is totally different to mine here in Europe. I don't know anyone who would even consider buying a cheap windows laptop online. You might be able to sell it to a family member or friend directly but that's it. Used macs, however, are an active market.

Re: Being Frugal Makes You A Loser

#189

Bruce Sterling said some similar stuff in the Last Viridian Note, and he said it far better: http://www.viridiandesign.org/notes/451-500/the_last_viridia... It's a little unfortunate that viridiandesign.org is basically unreadable due to that terrible background image.

he said similar things at reboot 11 http://www.wired.com/beyond_the_beyond/2011/02/transcript-of...
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