Topic: Getting things off your list. - page 3. (Read 591 times)
That's right that because of inflation, prices grow and we can't buy something for the same price we could before. Nevertheless, there are countries with deflation such as Japan, what is more, there can be sales in the future so you will buy it for a lower price. Sometimes there are cases when there is lack of something on the market, prices are high but then some goods are in abundance again and prices decrease.
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Yes, the effects of inflation that badly affected our finances, forces us to cut out luxuries and tighten our belt to keep up with the rising cost of living. So we must be smart on spending and focus only on the needs not on wants or desires, but if it can still fit your budget then why not? However, buying things impulsively can lead to many buying mistakes, chances are you are paying too much for it since you did not take the time to shop around for better deals. There are many things to consider before purchasing something like Does this item have a purpose? Do I really need it? How long will it last? Is there a better option than buying this? Things like these need much time to think about, for example like buying a car, it is not an asset but more of a liability and car has a depreciating value. Why not opt for a public transport you can save up to four times the money you use commuting in your private or personal car. Live a comfortable life not a wasteful one, do not spend to impress others, focus on what you actually needs. It is because people confuse wants with needs that causes them to get into financial trouble, by buying a house way bigger than what they can afford or buying a car when public transportation can be more than enough to cover their needs to travel and it is a cheaper option as well, so before making any significant financial move we need to always consider if this is a real need or if this is a want and reduce our expenses accordingly.
IMO the new trend today isn't saving anymore, instead invest your money where It could give you good returns rather than letting it sit to a safe deposit vault and only earn 2% interest annually.
Yeah, it's the new trend (it's not actually new, though) because the markets for stocks, crypto, and all sorts of things are soaring at the moment and interest rates are low. And boy, there's no bank I know of near me where I could earn 2% interest on a savings account. I think every bank in the US is offering sub-1% interest rates even on CDs and other savings products.OP has a good point, though if we took it to the extreme it would mean spending any excess cash on non-perishable goods like cat food or things like that, i.e., buy up all the things with a long shelf life before prices go up. That isn't something I tend to want to do. I also think buying a house or a car right now might be a bit risky, as the real estate market is kinda hot and the auto market might be as well--but if you need a car, you need one, and I wouldn't argue against buying one.
But what if you need a graphics card? Wouldn't you want to wait for something like that? Prices for those are super-inflated, but not because of overall inflation; it's because of demand, which will probably drop over time. Just thinking aloud.
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Yes, the effects of inflation that badly affected our finances, forces us to cut out luxuries and tighten our belt to keep up with the rising cost of living. So we must be smart on spending and focus only on the needs not on wants or desires, but if it can still fit your budget then why not? However, buying things impulsively can lead to many buying mistakes, chances are you are paying too much for it since you did not take the time to shop around for better deals. There are many things to consider before purchasing something like Does this item have a purpose? Do I really need it? How long will it last? Is there a better option than buying this? Things like these need much time to think about, for example like buying a car, it is not an asset but more of a liability and car has a depreciating value. Why not opt for a public transport you can save up to four times the money you use commuting in your private or personal car. Live a comfortable life not a wasteful one, do not spend to impress others, focus on what you actually needs. It is because people confuse wants with needs that causes them to get into financial trouble, by buying a house way bigger than what they can afford or buying a car when public transportation can be more than enough to cover their needs to travel and it is a cheaper option as well, so before making any significant financial move we need to always consider if this is a real need or if this is a want and reduce our expenses accordingly.
But not all would really be that capable on buying out everything that they do have in mind which means waiting will really be next in line because not all would really be financially capable on doing so.
Yes, you do really need certain things and since we do talk about Car,House and equipments which turns out not to be cheap then this is why people do really need to save up before they
would able to attain and that what makes them took longer which is understandable and we shouldnt really rush them up because we arent always the same
when it comes to finances.
Yes, you do really need certain things and since we do talk about Car,House and equipments which turns out not to be cheap then this is why people do really need to save up before they
would able to attain and that what makes them took longer which is understandable and we shouldnt really rush them up because we arent always the same
when it comes to finances.
Exactly mate, we have our different level of financial capacity which measures even how much some of us wanted to get the thing that they wanted to get sometimes there are something much more important to be prioritize of like necessities. We do also have a famous line of "delaying gratification" which means if the certain thing that you wanted to get or you have in mind wasn't that really important it is better to delay things until there are extra money you have that you can use to get it.
In essence, everyone must have a future life plan, just like a house where there are still many disadvantaged people who don't have a home, so they have to save to make it happen. but it would be better if they invest, so it will be more helpful to ease the problem of financing. and to manage it we must have good financial management
Yes, it could make a person's life easier by investing but what if he/she doesn't know how investing works and gets scammed?. We don't risk what we only have left. It isn't worth a try if you are having a financial problem especially if you're poor. I mean it could be good for you if you know how investing works and stuff.Either way, Fatunad is right. We can't just simply buy what we have in mind. Even if it is already planned ahead of time, it would still take a long time to achieve what you want by saving especially such things like house and car. Buying immediately the things that have in mind only works for rich people.
Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.
If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
But not all would really be that capable on buying out everything that they do have in mind which means waiting will really be next in line because not all would really be financially capable on doing so.If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
Yes, you do really need certain things and since we do talk about Car,House and equipments which turns out not to be cheap then this is why people do really need to save up before they
would able to attain and that what makes them took longer which is understandable and we shouldnt really rush them up because we arent always the same
when it comes to finances.
---snip---
Yes, the effects of inflation that badly affected our finances, forces us to cut out luxuries and tighten our belt to keep up with the rising cost of living. So we must be smart on spending and focus only on the needs not on wants or desires, but if it can still fit your budget then why not? However, buying things impulsively can lead to many buying mistakes, chances are you are paying too much for it since you did not take the time to shop around for better deals. There are many things to consider before purchasing something like Does this item have a purpose? Do I really need it? How long will it last? Is there a better option than buying this? Things like these need much time to think about, for example like buying a car, it is not an asset but more of a liability and car has a depreciating value. Why not opt for a public transport you can save up to four times the money you use commuting in your private or personal car. Live a comfortable life not a wasteful one, do not spend to impress others, focus on what you actually needs. Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.
If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
But not all would really be that capable on buying out everything that they do have in mind which means waiting will really be next in line because not all would really be financially capable on doing so.If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
Yes, you do really need certain things and since we do talk about Car,House and equipments which turns out not to be cheap then this is why people do really need to save up before they
would able to attain and that what makes them took longer which is understandable and we shouldnt really rush them up because we arent always the same
when it comes to finances.
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Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.
Interesting, I doubt there's anyone that is financially capable of doing something and they wouldn't do it especially when it has to do with the examples you gave instead it's those that aren't financially stable that get encountered with such problem. Understandable the OP is discouraging procrastinating which isn't a wrong thing as those guilty of this act has regretted in the past.
Having to cross things off your list doesn't automatically mean they have to be things far above your financial capability. You could cross grocery shopping off your list and this will help with knowing what to do with the spare funds. People often find it difficult to invest because they are always in need of the cash at hand due to their needs/wants haven't been taken cared of.
Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.
If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
The issue here is that there is an opportunity cost for everything we do and this must always be taken into account, for example if I sleep an additional hour each day then that is an hour I cannot use for anything else, the same is true for money, we will have a limited amount of money during our lifetimes and we need to use it as effectively as possible.If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
So we need to wonder what is the best option now, buy a house or buy bitcoin with that money? To me the best option is to buy bitcoin and delay buying a house for a long as possible, after all if an economic crisis hits the world the price of houses will go down while the price of bitcoin will go up and you will be able to buy the house you want while still retaining some of your bitcoin, so I am not so sure I agree with the strategy you are proposing since you will have to pay the opportunity cost of not getting bitcoin if you buy something like a house now.
In other to archive this, one needs to establish a 'want and need' concept to effectively distinguish that which is most necessary from that which isn't. Ones this is done, holding back becomes less of an option for you. Its not often about the getting it but then, the resources and conditions necessary to satisfy its maintenance. Thinking that through and satisfying the fact that, it could be all handled, its a bright green light. It lifts a lot of thoughts and time of trouble of uour shoulders. Else, you just keep bugging yourself with it everytime and that doesn't solve no problem. Just think it through sharply and get it.
That is not a bad strategy, however, for things like buying a house, that really isn't a viable solution. Not a lot of people have the funds to buy a house quickly and lay need to save up for years to do so. I know it depends on your country of origin, but thi is more or less universal. Sure, it can be done if you have the money ready, but that's a diferent topic.
I'm all about setting goals in your life, starting from the smallest daily ones, to major accomplishments in life. However, seeing this as a 23-year-old student, while I get OP's point, it's not really viable for me to obtain a house, nor to look forward to buying one in the near future. My point of view, regarding this matter is setting goals that get you ahead in life, and possibly covering deeper, psychological subjects, such as finding what you're passionate about, or finding your purpose in life. 
What the op's suggesting only works for wealthy people who have the money to buy stuff but just stall for some reason. Also, I'm not sure that I fully agree with this. For instance, buying a house is a bigger and more important decision than buying a mixer, so perhaps not rushing with the house and not overspending on a mixer when you need more money for the house makes sense. I'm against cars, but I'm sure the same goes for it: people aren't usually willing to buy a random car; they want it to feel right and to cost reasonably (in my country, there's a problem with cars being more expensive than in the EU, for instance, because of high taxation rates). It's important to have a list, and to get things off when possible, but some big decisions like the kind of house you buy require more thought than the kind of cooking utensil you buy.
Making that type of decision is something that people do not really think about too long in most cases because it is something you could be very very wrong and people do not want to know about it. For example, my mother in law bought a house way back in the day, maybe 10+ years ago. She bought a house that doubled in value and that sounds good right?Well, many houses went 5x or even x10 in my nation and imagine if she bought bitcoin with that money. They would literally be billionaires right now with the same amount of money if they bought bitcoin 10 years ago. So all in all even if they put some type of money into "known" investments, they would still not be able to do anything remotely close to crypto profits hence it is not really a great decision.
The classic inflation thing.
It's true that the price will always increase (based on the historical data), but it doesn't mean it will increase significantly in short time, thus your suggestion to spend money in a rush just because inflation is not correct. Also, there's economic cycle of scarce-abundant period, for example buying computers (PC, laptop, smartphone, GPU) now isn't a good idea because of the abnormal demand + supply shock. So if your old computers are still good, it might be wise to wait until the price goes down.
It's true that the price will always increase (based on the historical data), but it doesn't mean it will increase significantly in short time, thus your suggestion to spend money in a rush just because inflation is not correct. Also, there's economic cycle of scarce-abundant period, for example buying computers (PC, laptop, smartphone, GPU) now isn't a good idea because of the abnormal demand + supply shock. So if your old computers are still good, it might be wise to wait until the price goes down.
Plan before doing anything, it's much better to have additional options instead of rushing things out, there are ways to maximize everything, but if you have that capabilities and you really aiming for it, you can go on just make sure that you have additional or extra funds for any emergency, never to use everything inside your pocket.
Always think that in somehow you will encounter things that are not on your list, or less to your expectations, it's best to keep some allocated funds for this before jumping and pleasing your lust.
Each person has their own mindsets. Just take what you think is good for you and let things happen according to how you see and dream about it.
Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.
If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
Everything you said is all good but people still need to put their investment and capital into consideration before making the decision because the items bought now may affect the chance and opportunity to make the needed x10000 profit.If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
That's the problem with fiat currency but I don't see it as something that should bug my mind cause when the time is right I will definitely have it no matter the price and what's important is buying the items at my convenience time. 
The classic inflation thing.
It's true that the price will always increase (based on the historical data), but it doesn't mean it will increase significantly in short time, thus your suggestion to spend money in a rush just because inflation is not correct. Also, there's economic cycle of scarce-abundant period, for example buying computers (PC, laptop, smartphone, GPU) now isn't a good idea because of the abnormal demand + supply shock. So if your old computers are still good, it might be wise to wait until the price goes down.
It's true that the price will always increase (based on the historical data), but it doesn't mean it will increase significantly in short time, thus your suggestion to spend money in a rush just because inflation is not correct. Also, there's economic cycle of scarce-abundant period, for example buying computers (PC, laptop, smartphone, GPU) now isn't a good idea because of the abnormal demand + supply shock. So if your old computers are still good, it might be wise to wait until the price goes down.
I really agree with your post, if you really need something at that moment you just have to get it, but you don't have to buy things with all your funds you should be having savings incase if thier is emergency you don't just buy things before buying things you should plan yourself so that you won't endup selling something after buying them incase you need money for emergency purpose but you still have to buy the useful things you need.
I wish it is this simple. From where I'm living, an ordinary person wishes to buy a house as early as possible, but ends up buying one only after retirement at 60 years old or above. My parents must have wished to buy a house as well. Today, they're both old and separated. They were never able to build one for the family. It is very common for an ordinary person or family in my country to wish to have a car one day. To the majority of them, that wish will remain so until the day they die.
I felt emotional after reading your post, life is hard specially in poor countries and now when the pandemic hit makes life far worse for the poor. Economic crisis, job loss and unemployment stress many families are struggling to put food on the table how much more on buying a house and car?. Though life is tough, but it is not a hindrance to live a comfortable life. The best things in life are free, they come in the form of good health, family, love, friendship, simple pleasures, we should focus on improving the quality of our life not on just acquiring material wealth. I agree, of course. After all, comfort is relative. I don't say that poor families living in small huts, sleeping on the floor, cooking with firewood, and so on are not living a comfortable life. As a matter of fact, I have seen genuine happiness in many of them. But they, too, have dreams.
However, I don't actually disagree with OP. Getting things off your list as soon as possible is better than having it delayed, that is if you have the money and those things on your list are things you actually need. This is what inflation and monetary devaluation is all about. Buy it today because tomorrow things are going to be more expensive.
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Even we can take Warren Buffett as an example why the delayed gratification will give more success than buying everything as soon as we can and the real fact is the list is going to be never ending, if we buy a new latest Apple products it will be old by the next year so we have to buy new launched gadgets which is waste of money. Jump to: