4 ms·

> versus just spending their extra disposable income on fancy clothes, booze, and gadgets. investment in the short term is still investment.

• ska 11y ago
  I found your reply confusing. Are you suggesting looking at "fancy clothes, booze, and gadgets" as an investment of some sort?
  • exodust 11y ago
    Yes, short term benefits. Clothes can open doors, gadgets can be productive or increase learning/happiness/entertainment. Booze... well, a bit of a stretch, but booze can assist in unwinding and/or celebrating which has benefits. Neglecting the short term is very risky personal business.
• vetinari 11y ago
  Fancy clothes, booze and gadgets is consumption, not investment. You will never have positive cash flow out of it.
  • exodust 11y ago
    Gadgets can return productivity, learning, and entertainment now and into the future. Clothes can open doors as early as the day you buy them, or weeks later. Booze is consumed but it's an important part of many social interactions, without it things can get boring. Boredom closes doors. A colleague once gave up coffee when he calculated the annual spend as something like a grand. Okay, congrats on the extra grand you'll have in the bank at Christmas. But sucks to be you because you miss out on coffee every single day of the year. Wise investment advice can hurt your short term life - which does actually run out. You don't stay in your twenties forever. You don't stay in your 30s forever.