2 ms·
I make almost all purchasing decisions using one simple metric, will I use it? More precisely, the question is will I use it an amount that justifies the expens
by Apreche 1y ago
I make almost all purchasing decisions using one simple metric, will I use it? More precisely, the question is will I use it an amount that justifies the expense?
This applies for small purchases like a tempting snack at the grocery store. Am I going to eat it? Will I really enjoy this? If so, ok. If it will sit in the cabinet and be passed over for other snacks, no.
It applies to large purchases as well. Should I buy this very expensive bicycle? Yes, I will ride it. And as it turns out, I did. It’s almost 10 years old, and I still ride it a lot.
I’m also regularly going through my belongings and donating, selling, and trashing things I don’t use. This helps me to learn over time and make better purchasing decisions. It also helps me reduce the amount of crap I have. Best of all it’s really nice when I can give something to someone who appreciates it much more and will make better use of it.
The result is that other than the regular essential things to maintain life such as food, household goods, etc. I buy things extremely rarely. The thing I spend the most disposable income on is probably tickets to shows, sports, and other experiences. If you ask me if I’ll use them and enjoy them, the answer is almost always yes.
The only thing I want, but can’t afford, is real estate. I could afford real estate in a place with lower property value, but I only want NYC real estate. It’s not happening.