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If you buy a car for its utility value, you can get a perfectly usable car for $10,000-$15,000. Say you spend that $15,000 on the car, you still have $20,000 le
by bradgessler 17y ago
If you buy a car for its utility value, you can get a perfectly usable car for $10,000-$15,000. Say you spend that $15,000 on the car, you still have $20,000 left over that you could invest in a business.
- mseebach 17y agoBut what if investing in a business isn't a priority, but a flashy new car is? Utility value isn't a one-off constant, it depends on the user.
- bradgessler 17y agoYou completely missed the point; this thread is about people who say "starting a business is risky". If you measure risk in terms of ROI in dollars: purchasing a deprecating asset vs. starting a business is a no-brainer, yet most "average joes" that tell you "starting a business is risky" won't think twice about blowing lots of money on a brand new car.