Topic: When luxury becomes a necessity. - page 5. (Read 1728 times)

That is not "always" true, maybe more sturdy things so that they do not have to spend money all the time, but I realize comfort is a lot more above the luxurious spending in their case. I have a few friends (not really friends but crypto people) that I met along the way, and all they have in common that they do not go out and spend useless money. They do not go out and buy 5 prada bags.

They actually do end up buying a brand I have never heard of, not because they are cheap, because they are expensive too, but they look for things that can be used for years. They just want to sit at home, or do what they love, and not really spend money, if they have to, then do it once and don't want to do it again and again. Comfort is more important for all of them.

Well, according to Steve Harvey, you don’t have to be wealthy to fly the first class. In fact, flying first class is what makes you struggle more to become wealthy so you can constantly fly it. Also, first class isn’t about celebrities, it is about comfort. If you think of it as what celebrities do then you won’t see the need to chase it. If you’ve flown first class, you will remember the comfort and understand the point.

It all makes sense to me when you're financially stable and you're 100% capable of taking care of your family, their basic needs and wants and traveling on a tour round the world, a good definition of a successful being. Flying first class are mainly for the influential men in the world, these set of people are important and placed above others when it comes to attentions, because you're a celebrity. Luxurious lifestyle is very expensive and reaching this stage in life means you're already leaving the celebrity lifestyle. There's something we call level in this game. Luxurious is level by level which is quite understandable.

Great quote but I find if you personally are the only reason for motivation then its not much depth to your wanting something.   It doesn't have to be greed but it sounds like it could easily end up as just being self centered egotistical desire to lavish luxury on yourself, that might be enough for some but I don't expect greatness from a person only motivated by the range of what they see personally.    

Theres a thousand others who also want the best for themselves and will do anything, to actually get the luxury element and premium wages to pay for it I believe it requires great vision beyond yourself in some way and thats exceptional hence you not only want but will secure the means to gain luxuries above normal society.  Of course many in rich countries already have luxury and think its normal, there is that too.

Warren Buffet who I would not argue in any case goes without luxuries he has a private Jet so if anything he agrees with the above and more so, a great luxury to own the time of your own departure and circumstances etc.   However he gave a good example in not owning a car without cosmetic damage, if a car receives hail damage while sitting on the car sales lot it looks far worse covered in dents all over.  However a hail damaged car drives no worse and is far cheaper hence a good definition of luxury, something you have which has no effect practically and is just personal preference for yourself.   This isn't rare as people will pay and decide car purchase by car colors and other non utility reasons, that would be luxury though quite ordinary if its costing more to do so.

Sometimes, it is important to do something luxurious. It can bring about motivation. I learnt this from Steve Harvey in a video where he said that you should try patronizing first class plane tickets instead of the standard one. He explained that when you experience all that luxury, you will have the motivation to grind even more because you would not want to walk past the first class ever again. It makes sense.

As long as the product has a guarantee, it is worth buying because I have 2 of the same items to review the quality of these 2 items. For item 1 there is a guarantee from the company and I am not worried if it is damaged, it is a different story with item 2, in terms of cheap price, but there is no guarantee from the shop so we bear the service costs and the price is equivalent to half the item. So, from these two comparisons which are quite reasonable, in my opinion it is time for people to choose and sort out which one to use. But it all comes back to the needs of each individual. Because usually things like this are just a matter of taste.

Some rich are like that you said but for the poor, they act like they are rich. A modest and average life is not poor, so yeah, these groups can still avail a quality service because most quality service targets them and means the pricing is also average (not expensive). Quality service are so good, so yeah all love them but it's only sad that not all can afford them.

I am talking about the poor ones here but it's not a big deal to them because they are already used to the kind of living they had. I don't see anything wrong with his title, since both luxury and quality are not the same, and then both of them are not a necessity for the most of us.

Luxury is by definition the unnecessary and this will depend by the person.   IF you totally need a reliable car and make it part of your living everyday in this reliance then an expensive but well made car can be justified.  IF you may just walk everywhere and do no worse then the car is a luxury, walking might even be the better choice for health but people drive for luxury instead.   Its true lots of people drive a car almost as a status symbol and it might be the biggest luxury they have but as they sit in it and are seen in it then its part of their identity to be seen to do well.

This definition definitely matters, especially when we talk about cars, industry and the finance packages that surround new cars.   This all could be in danger of collapse because if we check the nature of the product in a consumerist economy if luxury changes or is altered by a recession etc. alot of this business will be weak and constrict quite easily.  That people dont require that luxury transport not at that price not new especially, they can fix old cars for twenty or more years.   Add in that cars will need to become near to zero emissions at some point if agreements made by countries to reduce their national use of fossil fuels is serious; that big turning point could trip up the whole supply chain I guess.

Even bigger wider point of reference certainly I have to mention is Exters triangle which tries to define assets by security.    Car loans has to be one of the most risky types of debt there are due to the underlying asset itself being so uncertain, the chances of non performance and the unsecured debt short falls is quite substantial imo.    This would relate back to 2008 with sub prime though mostly Housing, cars were related in unreliable debt expansion and subsequent collapse.

Not every goods that have quality are expensive but you can say all expensive goods have a certain high quality. And that’s why people spend more money for goods and services with higher quality. Buying an expensive laptop cause of its capabilities Isn’t necessarily considered luxury.
I think people have been and are always being selective when choosing what and how to purchase quality goods/or services   I do not quite understand how one can spend more when purchasing cheap and lower quality product. Perhaps you mean after buying cheap and substandard products, it won’t be long before heading over to the store to get another one while a sound and quality product could last you for a longer period of time.

The problem that occurs in my opinion is because we are too exposed to prestige which makes the situation a little more complicated because of the inability to balance the expenses that occur with prestige that is too high.
So with the conditions that occur by seeing things like this, it makes them forget a little that it is actually precisely such prestige that makes them become chaotic because they cannot balance the life that occurs and cannot manage finances properly because in their minds by using expensive clothes or big branded clothes it is enough to increase their value which actually backfires on themselves because it is precisely with that that they become more miserable.

Things like this will keep repeating because it is the same mindset where prestige rules everything that makes them unable to balance their finances including difficulty in distinguishing which should be a necessity and which one is a wasteful expense.

It's a slightly different story, but one that also has an impact on people. Cheap and expensive things, that's from a different segment, it's not about luxury. You can buy cheap sneakers and they won't be comfortable, you will get tired.... You can buy very expensive sneakers - they will be great in every way, but not for everyone available. And you can find a balanced model - where the price will be slightly higher than the price of cheap sneakers, but the quality is slightly lower than very expensive sneakers. As a result - you spend not very much, but get a quality product. Or the same tires for cars - I, for example, will not risk to buy cheap - at least because the tires - is an element that is responsible for my safety. And it is more profitable for me to pay more, but then not to restore the car and myself in expensive hospitals.
If we talk about clothes - as for me, now in the world a huge number of quality and inexpensive manufacturers, and the ability to order things from anywhere in the world.

The realm of work equipment transcends the simple label of "expensive" or "luxury." It's a battlefield where investment collides with practicality.  On one hand, expensive goods can act as potent weapons, boosting productivity and propelling us ahead of the competition. A high-performance computer becomes an extension of our will, churning out complex tasks with lightning speed. Top-of-the-line tools transform us into virtuosos of our craft, enabling us to achieve feats previously unimaginable.

However, frugality beckons like a siren song. The allure of cheaper alternatives, promising the same results at a fraction of the cost, is undeniable. But true value lies in a nuanced dance between price and performance. A bargain-basement tool might save money upfront, but its limitations could cripple productivity and hinder our ability to compete.

The key lies in a discerning eye. We must become shrewd warriors, assessing not just the price tag, but the long-term impact on our work output. Does the expensive software streamline workflows, freeing up precious time for innovation?  Will the ergonomic chair prevent fatigue, allowing us to work longer hours without sacrificing well-being? These are the questions that separate the frivolous from the essential.

A person's lifestyle is determined more by wealth, this is a character and a demand for some groups. It cannot be denied that people who have more wealth will definitely buy luxury goods. We can see examples around us, how the type of car they use is very visible from the level of the person himself. In my opinion, it should not be a compulsion if finances are only limited to meeting standard living. So everyone has considered it before deciding, except for some people who don't care about themselves and make their lives chaotic if they always force their will.

Buying what you need for an important purpose is not a bad thing for me even though it is expensive it doesn't matter much as far as you can afford it, am only against luxury for show up, if there is anything you can afford within your comfortable zone without regrets go on to do it but before you purchase any expensive item, check yourself if it is really worth it unless you know that the item in question will bring more finances to you or may be it can be used to solve a pressing problem, if not I don't think buying an item that wouldn't worth the purchasing price in the next few weeks if you want to sell it back is really a good idea.
Though individuals has their personal way of life, no matter your advice, they will still exhibit their usual character unless they experience the unimaginable.

I had that mindset because my father always said that we don't need luxury things. For example, his argument was, why you need an expensive car when a cheap car can help you to move, why you need a Rolex watch when a cheap 5$ watch can show you the same time, why you need expensive clothes when cheap clothes can cover your body, why you need an expensive smartphone when a basic phone can help you to call.
I discovered that it's a wrong mindset. First of all, luxury things are good, we dont' have to make excuses when we can't buy luxury items, instead we have to focus on improving our life to be able to move from basic to luxury items. I love luxuries, there is nothing bad about them. Luxury is always better than cheap items.

I agree with you, I sold my smartphone and old computer to buy a MacBook because I am in UI/UX design and I also needed to know the software Sketch which is exclusively only for MacBook. It was expensive and hard but over time I became a good UI/UX designer, and landed a job and that job paid back well. While my father didn't want me to do this, I don't regret any second for making this step.

Here in the Spanish speaking part of the planet, we have a saying about buying cheap things, instead sacrificing some extra money to be more quality, the saying is: "Lo barato sale caro" , which could be roughly translated to "The cheap is expensive".
It makes reference to the fact those products which one could end up buying usually have such low quality, to the extent they could give more problems than solutions or even originate more problems, specially when we talk about things which have to do with one's health or direct quality of life.
Would anyone buy very cheap tires for their vehicle instead sacrificing some extra bucks for the real thing, knowing it could mean being left stranded in the middle of the way because of such choice?

Also, I agree there is a clear distinction between luxury and extra quality one is paying for.

You’ve defined luxury just the way it makes sense. Luxury doesn’t mean it’s hot to serve a purpose, the most one could get out of a luxury item is the status. If you’re putting it to so much use because of its efficiency, that ain’t luxury, that’s just you having to purchase a certain item because of its best fit.
Just for about everything, there are alternatives and with the proper research, you could always find a befitting alternative to aid you in achieving that exact purpose but, for one seeking luxury, you just don’t care. You just go for what enhances your status and puts you in the spotlight always. It’s never about the use although luxurious items can serve a number of purposes like, having to transfer value in ways that might be reconverted later in the future but, wen it’s purpose is more about status, then we can call it luxury.

There are really just those people who are really that too boastful or something that their ego is telling that you do really have that kind of expensive or popular gadget or whatever things you do have that not something that could easily be acquired by everyone. Its true that having those expensive tags or value is something that more better in terms of quality on which this is really just that normal considering that if its more expensive
then quality would really be that better but there are really things on which you could really be able to get cheap but still get on the same functionality on which you could really say that there are still people who
are really that too practical despite of that financially capable but still they do chose to buy up things which is more cheaper.

Actually this would really be just that depending on a certain individual because if he/she do sees something that caught up his/her attention and have the money for sure you would be buying it.
Some do matter with the quality and some are really just that going in line with the hype and current trend.

Sometimes we need some expensive things not to show off but for our necessity. We all have to do work our survive. For doing our work smoothly or more effectively sometimes we need different types of devices. Not all devices are expensive but some devices are too much expensive. For Work purposes, we have to purchase that device not to show off. Yes, there are also some people who purchase those things to show off that's the different thing.

For example- you are a photographer, So you need a good quality, latest technology-based camera for your work which is expensive. In that case camera is a necessary thing for him not to show off.

For today's society, especially most housewives, they tend to always want to look luxurious in front of many people. And there are also those who have a great sense of prestige so that it becomes a problem for them. It's true that you said most people today judge only by appearance. Sometimes luxury is a requirement for life for people who have great prestige, always want to get more views and praise from others around them, so it is not strange that many have debt because they want to be luxurious. It is unfortunate that prestige cannot be eliminated, I myself feel that looking sober is enough. As long as we are comfortable with the style we use.

The main goal of everyone must be financial freedom, but there are people who only talk a lot but there is no movement, like my friend. Where when we gather and the discussion has ended, he starts the conversation with a predictable beginning because it has often been said, which is annoying that it is often said but there is no change or movement at all. And her habit when she goes out is most likely to wear clothes or shoes and other accessories borrowed from her friends. That's very embarrassing. It's true what you said, it's useless to look fancy but it's borrowed and the original is poor.