Just getting the grips on being strange and making the choice to walk a path "I" want to walk and which I believe to be a "superior" path than to spending on doodads and mega depreciating assets.
I have myself spent on things I wouldn't now...like, in early 20's getting a $400 cable TV set up at home along with paying like $70 per month for four channels (which I got rid of later on)...along with handing over $500 holding deposit for a second hand car only to realise the seller did a runner and turned not so nice when we did take a mechanic to check the car and last but not the least, getting the new home "cleaned" by a company for $400 when moving out. The cleaning guy threatened to not come over if I didn't give him the credit card number. I was naive enough to feel threatened and gave the number. Only to realise, we would have done a better cleaning job ourselves...
However on to the interesting stuff I have heard people say....
I met a guy at a dinner in his mid 20's or so a few years ago. He was working as a graduate at one of the Big 4. All of us friends caught the train home and he came along....So we were talking and he said...since men don't spend on jewellery like women do, I buy $5,000 watches...and a couple of them...
I was kinda impressed back then (as I was like 22) and thought wow, he must be really well off to have such great "cash flow" to be able to buy multiples of $5,000 watches...
Now looking back...I'm like...really, who cares?!
I've also met professionals well in their 40's who would be too excited about Swiss watches sales and I heard they bought two for family members and regretted not buying just one more?! While they would only choose to wear it in summer when people can see it. I was like...are you kidding??
Let's not get confused. I love my $200 watch...and I have lost a few...but still...
Just for the sake of being curious...would like to know if you have had such experiences?
Keen to know because it's hard to acknowledge not everybody is on the page of investing and not being financially conscious is not something common. Sometimes I think, if I'm becoming financially conscious, probably every body else is doing this too. But at the same time, I'd like to acknowledge it really isn't the case. Don't get me wrong, I am so pleased to surround myself with people on SS ....It's like I want to catch up with people on here.....which I used to find was a bit of an effort with people who do not have this mindset.
I have myself spent on things I wouldn't now...like, in early 20's getting a $400 cable TV set up at home along with paying like $70 per month for four channels (which I got rid of later on)...along with handing over $500 holding deposit for a second hand car only to realise the seller did a runner and turned not so nice when we did take a mechanic to check the car and last but not the least, getting the new home "cleaned" by a company for $400 when moving out. The cleaning guy threatened to not come over if I didn't give him the credit card number. I was naive enough to feel threatened and gave the number. Only to realise, we would have done a better cleaning job ourselves...
However on to the interesting stuff I have heard people say....
I met a guy at a dinner in his mid 20's or so a few years ago. He was working as a graduate at one of the Big 4. All of us friends caught the train home and he came along....So we were talking and he said...since men don't spend on jewellery like women do, I buy $5,000 watches...and a couple of them...
I was kinda impressed back then (as I was like 22) and thought wow, he must be really well off to have such great "cash flow" to be able to buy multiples of $5,000 watches...
Now looking back...I'm like...really, who cares?!
I've also met professionals well in their 40's who would be too excited about Swiss watches sales and I heard they bought two for family members and regretted not buying just one more?! While they would only choose to wear it in summer when people can see it. I was like...are you kidding??
Let's not get confused. I love my $200 watch...and I have lost a few...but still...
Just for the sake of being curious...would like to know if you have had such experiences?
Keen to know because it's hard to acknowledge not everybody is on the page of investing and not being financially conscious is not something common. Sometimes I think, if I'm becoming financially conscious, probably every body else is doing this too. But at the same time, I'd like to acknowledge it really isn't the case. Don't get me wrong, I am so pleased to surround myself with people on SS ....It's like I want to catch up with people on here.....which I used to find was a bit of an effort with people who do not have this mindset.