>> My struggle: Spending on food is really about motivation <<
Flexo at Consumerism Commentary writes about his mental block against “brown-bagging” lunch. “I don’t like spending time preparing my food. The supposed motivation of saving about $5 a day, or $100 a month, is apparently not enough to [for] me.”
>> How to become wealthy <<
At Clayton Cramer’s personal site, he ran a series of entries in 2003 about “how to become wealthy”. He later compiled them all into a single, long page. There’s a lot of great advice here about various aspects of personal finance. Well worth bookmarking and returning to now and again when you have the time.
>> Lifestyle inflation — When does it become a problem? <<
Golb Guru has a great piece (with graphs!) on lifestyle inflation — when is it okay? And when does it go too far?
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Thanks for the mention!
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I find it somewhat of a nonsequitur when someone writes an article about personal finance and talks about picking a car with better gas mileage, less depreciation and avoiding car payments, and then says that he bought a 2-year-old Corvette for $33,500. Maybe he’s already wealthy and can afford to splurge a little?
My first car was an ’86 Tercel that cost me $3100 (including tax) and it didn’t require any major repairs before I totaled it in an accident. My current car is a ’92 323 that I bought in 2002 for $6700 and it, too, has not cost much to maintain. Both of them get way better mileage than a Corvette and neither of them can depreciate as much, even if they drop to zero.
It just seems like weird advice, like telling people how they can save money on batteries by buying a $10,000 self-winding Rolex.
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