http://financedad.com/things-that-you-shouldnt-buy-cheap/ Wed, 26 Oct 2011 03:37:42 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://financedad.com/things-that-you-shouldnt-buy-cheap/comment-page-1/#comment-2817 » Frequently asked questions Early Retirement Extreme: — the fast track towards financial independence Sun, 24 Jul 2011 20:51:57 +0000 http://financedad.com/?p=1817#comment-2817 [...] Q: [Related] how can you live comfortably on so little money? A: First, I spend my money more than twice as efficiently as the average person. This means I get more utility out of each dollar. Second, don't confuse spending money with living comfortably or having fun. Comfort is mainly about living without constant stress and fun is mainly about what you do rather than what you spend. If you can't do anything without spending, naturally you wouldn't have fun and you would probably also be stressed due to this inability. However, it is possible to overcome this inability. Third, when I buy things, I consider the long run. How much I pay for something does not matter as much as how much it costs in the long run. I consider most of my purchases the way a business would. (Also see Captain Vimes&Boots theory”). [...] [...] Q: [Related] how can you live comfortably on so little money? A: First, I spend my money more than twice as efficiently as the average person. This means I get more utility out of each dollar. Second, don’t confuse spending money with living comfortably or having fun. Comfort is mainly about living without constant stress and fun is mainly about what you do rather than what you spend. If you can’t do anything without spending, naturally you wouldn’t have fun and you would probably also be stressed due to this inability. However, it is possible to overcome this inability. Third, when I buy things, I consider the long run. How much I pay for something does not matter as much as how much it costs in the long run. I consider most of my purchases the way a business would. (Also see Captain Vimes&Boots theory”). [...]

]]> http://financedad.com/things-that-you-shouldnt-buy-cheap/comment-page-1/#comment-92 Early Retirement Extreme Tue, 05 Jan 2010 18:01:21 +0000 http://financedad.com/?p=1817#comment-92 I completely agree. My boots must be approaching the 12 year mark or so. I paid $250 for them at the time, so with inflation ... well, they were expensive. In annual costs, they were rather inexpensive and so much better. It's also more sustainable to own one pair of boots than having to buy a new pair all the time. I completely agree. My boots must be approaching the 12 year mark or so. I paid $250 for them at the time, so with inflation … well, they were expensive. In annual costs, they were rather inexpensive and so much better. It’s also more sustainable to own one pair of boots than having to buy a new pair all the time.

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