Author Topic: I always hear non-Mustachian people using the phrase...  (Read 29385 times)

RWTL

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Re: I always hear non-Mustachian people using the phrase...
« Reply #50 on: January 15, 2020, 05:59:06 AM »
I hear family and friends use the word invest wrong all the time.  "I'm going to invest in a good pair of shoes."  or "I'm going to invest in a nice car."

I'm not against buying better quality, but unless it's a buy for life decision, I don't see it as an investment.

caleb

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Re: I always hear non-Mustachian people using the phrase...
« Reply #51 on: January 15, 2020, 07:10:06 AM »
I hear these things a lot.  Also, "I need to update my wardrobe/home décor/car etc. etc"

Absolutely. 

My _______ is "dated," so I'm going to "update" it: a sentence that makes no reference to adding value to human life, but costs large amounts of cash.  Similar to setting money on fire to appreciate the aesthetics of watching it burn.


Ricochet

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Re: I always hear non-Mustachian people using the phrase...
« Reply #52 on: January 15, 2020, 10:21:16 AM »
YOLO!!

(You Only Live Once!)

LOL. As they blow away their financial freedom.  Never mind tomorrow, we'll be too old to have fun.

APowers

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Re: I always hear non-Mustachian people using the phrase...
« Reply #53 on: January 15, 2020, 11:04:31 AM »


Saladmaster has revolutionized healthy cooking by offering premium products through a unique cooking experience. Our vision is for everyone in the world to experience Saladmaster. For more than 70 years, Saladmaster has changed lives by empowering Cooking Coaches to achieve their entrepreneurial goals in more than 45 countries. As a multimillion-dollar company, Saladmaster’s state-of-the-art cookware is manufactured by parent company Regal Ware, Inc.


Word saladmaster

ftfy

FIRE@50

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Re: I always hear non-Mustachian people using the phrase...
« Reply #54 on: January 15, 2020, 12:01:28 PM »
...get the extended warranty.
Right! Why are you buying something that you think desperately needs a warranty?

Davnasty

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Re: I always hear non-Mustachian people using the phrase...
« Reply #55 on: January 15, 2020, 01:11:34 PM »
Saladmaster has revolutionized healthy cooking by offering premium products through a unique cooking experience. Our vision is for everyone in the world to experience Saladmaster. For more than 70 years, Saladmaster has changed lives by empowering Cooking Coaches to achieve their entrepreneurial goals in more than 45 countries. As a multimillion-dollar company, Saladmaster’s state-of-the-art cookware is manufactured by parent company Regal Ware, Inc.

Word saladamateur

ftfy

ftfy

The_Big_H

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Re: I always hear non-Mustachian people using the phrase...
« Reply #56 on: January 16, 2020, 12:22:11 AM »
"I need _____" (something not on the basic list of needs, or the most expensive way to obtain said need)

"I cant live without my _____" (thing that literally did not exist 2-10 years ago)

"I don't have time to ____" (task that most people do or used to do regularly)

"Don't buy too small a house" / "Buy as much house as you can afford"

"401ks/stocks are rigged" / "the government will confiscate your 401k" or similar doomsday talk.

RWTL

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Re: I always hear non-Mustachian people using the phrase...
« Reply #57 on: January 16, 2020, 07:06:47 AM »
If you're only making 50%, you're doing your 409K wrong.

Zoot

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Re: I always hear non-Mustachian people using the phrase...
« Reply #58 on: January 16, 2020, 07:13:22 AM »
"I don't care too much for money. Money can't buy me love!" Nightmare philosophy foisted on the unsuspecting by the clueless.

I focus on the third verse as the real meat of that song:

"Say you don't need no diamond rings
And I'll be satisfied
Tell me that you want the kind of things
That money just can't buy
I don't care too much for money
Money can't buy me love"

:)

Monerexia

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Re: I always hear non-Mustachian people using the phrase...
« Reply #59 on: January 16, 2020, 03:57:28 PM »
"I don't care too much for money. Money can't buy me love!" Nightmare philosophy foisted on the unsuspecting by the clueless.

I focus on the third verse as the real meat of that song:

"Say you don't need no diamond rings
And I'll be satisfied
Tell me that you want the kind of things
That money just can't buy
I don't care too much for money
Money can't buy me love"

:)

Haha yep fair enough. However...money is usually a pretty good indicator that the one possessing it has the ability to create value in the world; that there is something inherent and/or cultivated in that person that creates something of value, which is attractive, leading to...love.

IsThisAGoodUsername

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Re: I always hear non-Mustachian people using the phrase...
« Reply #60 on: January 16, 2020, 06:04:23 PM »
If you're only making 50%, you're doing your 409K wrong.

Wow, where do you work that you get a 409k ?!? That's like 8,000 better than my 401k !  :)

Steeze

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Re: I always hear non-Mustachian people using the phrase...
« Reply #61 on: January 16, 2020, 06:16:53 PM »
If you're only making 50%, you're doing your 409K wrong.

Wow, where do you work that you get a 409k ?!? That's like 8,000 better than my 401k !  :)

It’s only available to federal employees

ixtap

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Re: I always hear non-Mustachian people using the phrase...
« Reply #62 on: January 16, 2020, 06:24:49 PM »
If you're only making 50%, you're doing your 409K wrong.

Wow, where do you work that you get a 409k ?!? That's like 8,000 better than my 401k !  :)

It’s only available to federal employees

I thought it was only available to Trump supporters.

AMandM

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Re: I always hear non-Mustachian people using the phrase...
« Reply #63 on: January 17, 2020, 05:32:20 AM »
However...money is usually a pretty good indicator that the one possessing it has the ability to create value in the world; that there is something inherent and/or cultivated in that person that creates something of value, which is attractive, leading to...love.

I totally disagree with this reasoning. Money is an indicator that the one possessing it has the ability to do something that other people will pay for (or that his/her forbears did). That's not the same thing as something of value.  A person can make money without creating anything truly of value, because people spend money for all kinds of reasons that aren't valuable--to feel superior, to enable laziness, to gratify lust, to project a false image, to indulge gluttony, or just out of ignorance. Conversely, many activities that are very valuable aren't highly compensated: think of traditional "women's work" such as childrearing.

OtherJen

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Re: I always hear non-Mustachian people using the phrase...
« Reply #64 on: January 17, 2020, 05:39:07 AM »
However...money is usually a pretty good indicator that the one possessing it has the ability to create value in the world; that there is something inherent and/or cultivated in that person that creates something of value, which is attractive, leading to...love.

I totally disagree with this reasoning. Money is an indicator that the one possessing it has the ability to do something that other people will pay for (or that his/her forbears did). That's not the same thing as something of value.  A person can make money without creating anything truly of value, because people spend money for all kinds of reasons that aren't valuable--to feel superior, to enable laziness, to gratify lust, to project a false image, to indulge gluttony, or just out of ignorance. Conversely, many activities that are very valuable aren't highly compensated: think of traditional "women's work" such as childrearing.

Thank you.

Remember, someone became a millionaire by selling Pet Rocks.

MissNancyPryor

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Re: I always hear non-Mustachian people using the phrase...
« Reply #65 on: January 17, 2020, 06:50:47 AM »
Various discussions about the "stock market casino"

NorCal

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Re: I always hear non-Mustachian people using the phrase...
« Reply #66 on: January 17, 2020, 07:00:46 AM »
Kind of reminds me of a story of when I was first dating my wife.

Somehow, the topic of cars came up, and she mentioned she had an $X per month car payment (I forget the exact amount).

To this day, she reminds me of the completely confused look I gave her.  She had to explain to me why someone would finance a car, because the entire concept escaped me.  I couldn't fathom why someone would do something that ridiculous.

Jouer

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Re: I always hear non-Mustachian people using the phrase...
« Reply #67 on: January 17, 2020, 07:09:50 AM »
"I don't care too much for money. Money can't buy me love!" Nightmare philosophy foisted on the unsuspecting by the clueless.

I focus on the third verse as the real meat of that song:

"Say you don't need no diamond rings
And I'll be satisfied
Tell me that you want the kind of things
That money just can't buy
I don't care too much for money
Money can't buy me love"

:)

Haha yep fair enough. However...money is usually a pretty good indicator that the one possessing it has the ability to create value in the world; that there is something inherent and/or cultivated in that person that creates something of value, which is attractive, leading to...love.

Wait. What? He's looking for an MMM girl. This should be the site's theme song.

sherr

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Re: I always hear non-Mustachian people using the phrase...
« Reply #68 on: January 17, 2020, 07:48:15 AM »
If you're only making 50%, you're doing your 409K wrong.

Wow, where do you work that you get a 409k ?!? That's like 8,000 better than my 401k !  :)

Heh.

ixtap

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Re: I always hear non-Mustachian people using the phrase...
« Reply #69 on: January 17, 2020, 07:50:51 AM »
" Ya but the stock market is going to crash and you will have nothing, better off spending it now"

I have multiple friends and family members who are aware of my early retirement goals and think I should be spending it all and that I will regret putting it into the market.

And what will they have when the next recession comes and they lose their job, then their home? Happy memories to keep them warm sleeping in their car?

UndergroundDaytimeDad

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Re: I always hear non-Mustachian people using the phrase...
« Reply #70 on: January 17, 2020, 10:02:26 AM »
I hear family and friends use the word invest wrong all the time.  "I'm going to invest in a good pair of shoes."  or "I'm going to invest in a nice car."

I'm not against buying better quality, but unless it's a buy for life decision, I don't see it as an investment.

Media and politicians around here are always throwing around "investment" when they mean to say expenditure or expense.  No money is ever spent, expended, paid, etc for education, healthcare, roads, or workers.  It is always characterized as an investment.  That doesn't excuse people from adopting this bastardization of the language, but it takes additional awareness to stick to the true meaning of words. 

Channel-Z

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Re: I always hear non-Mustachian people using the phrase...
« Reply #71 on: January 18, 2020, 09:15:32 AM »
I always hear non-Mustachian people using the phrase...

..."I don't want my (whatever co-worker brought from home for lunch)." Co-worker then proceeds to order for delivery or visit the Company Kitchen kiosk downstairs.

DeedlesSci

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Re: I always hear non-Mustachian people using the phrase...
« Reply #72 on: January 18, 2020, 11:15:01 AM »
What really gets me is when I hear one of the phrases mentioned along the lines of:
I work hard, I deserve __________ or I treated myself to _________
And, then hear from the same person:
I can't afford ________ or I'll never be able to retire.

Invariably, the items they deserve or treat themselves to are wants and luxuries. Where the things they can't afford are, to my ears, more fundamentally important.

AMandM

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Re: I always hear non-Mustachian people using the phrase...
« Reply #73 on: January 18, 2020, 01:10:21 PM »
I hear family and friends use the word invest wrong all the time.  "I'm going to invest in a good pair of shoes."  or "I'm going to invest in a nice car."

I'm not against buying better quality, but unless it's a buy for life decision, I don't see it as an investment.

Media and politicians around here are always throwing around "investment" when they mean to say expenditure or expense.  No money is ever spent, expended, paid, etc for education, healthcare, roads, or workers.  It is always characterized as an investment.  That doesn't excuse people from adopting this bastardization of the language, but it takes additional awareness to stick to the true meaning of words.

True. Also, often people say "investment" when they are buying something expensive on the grounds that it will save money in the long run. E.g. a $200 pair of shoes that lasts 5 years counts as an investment compared to $30 shoes that have to be replaced every 6 months. That's at least an analogous use of the word--spending money now to increase your wealth in the long run. Although I suspect that 99% of the time the money saved on this kind of investment just gets spent on some other consumer good.

UndergroundDaytimeDad

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Re: I always hear non-Mustachian people using the phrase...
« Reply #74 on: January 18, 2020, 07:27:12 PM »
I hear family and friends use the word invest wrong all the time.  "I'm going to invest in a good pair of shoes."  or "I'm going to invest in a nice car."

I'm not against buying better quality, but unless it's a buy for life decision, I don't see it as an investment.

Media and politicians around here are always throwing around "investment" when they mean to say expenditure or expense.  No money is ever spent, expended, paid, etc for education, healthcare, roads, or workers.  It is always characterized as an investment.  That doesn't excuse people from adopting this bastardization of the language, but it takes additional awareness to stick to the true meaning of words.

True. Also, often people say "investment" when they are buying something expensive on the grounds that it will save money in the long run. E.g. a $200 pair of shoes that lasts 5 years counts as an investment compared to $30 shoes that have to be replaced every 6 months. That's at least an analogous use of the word--spending money now to increase your wealth in the long run. Although I suspect that 99% of the time the money saved on this kind of investment just gets spent on some other consumer good.
I was even once told exactly that by a lady trying to sell me shoes. 

Walked into an Aldo (Canadian place) and skipped past the expensive shoes near the door and was making my way to the back for the sale area when she stopped me.  Told me that a good pair of fancy shoes was an investment.  This place did not sell good quality shoes, just "going out in style" shoes, so there wasn't long term quality savings to be had.  A few choice questions about how much return I could expect, she got mad, and I left.  Occurs to me now that I haven't been in any of their stores since.

ixtap

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Re: I always hear non-Mustachian people using the phrase...
« Reply #75 on: January 18, 2020, 07:37:37 PM »
I invest in shoes to the extent that the right ones save me a lot of back and hip issues. Lucky for me, the right ones tend to be ~$100, rather than $200.

Jouer

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Re: I always hear non-Mustachian people using the phrase...
« Reply #76 on: January 20, 2020, 07:46:10 AM »
I invest in shoes to the extent that the right ones save me a lot of back and hip issues. Lucky for me, the right ones tend to be ~$100, rather than $200.

Exactly. It's a health investment, not a financial investment.

The_Big_H

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Re: I always hear non-Mustachian people using the phrase...
« Reply #77 on: January 20, 2020, 08:00:00 AM »
I invest in shoes to the extent that the right ones save me a lot of back and hip issues. Lucky for me, the right ones tend to be ~$100, rather than $200.

Exactly. It's a health investment, not a financial investment.

How about “wise efficient spending”. I mean I buy only one brand of shoe for all shoe types (Dunham) because I have really wide duck feet and need the support and they make reasonably stylish ones with all the variants I need. Sandal for casual. Boat shoe for business casual or colder days. Dress shoe. And a hiking boot for outdoors activity.  They are pricey though $90-$150 along that range. But I wear them until they are destroyed.  Well the dress shoe will be good for decades because I only need it maybe 10 times a year. Follow them on amazon and try to buy when on sale.

I feel like that’s mustachian as almost every expensive shoe I own gets fully used and I’m not wasting money on cheaper uncomfortable ones that I won’t wear.  Or “fast fashion” shoes that you wear five times. Which not only waste money but waste resources.

Just Joe

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Re: I always hear non-Mustachian people using the phrase...
« Reply #78 on: January 20, 2020, 02:10:14 PM »
How do you follow things on Amazon? Not sure if my ad blocker software is blocking a button or star or something...

jinga nation

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Re: I always hear non-Mustachian people using the phrase...
« Reply #79 on: January 20, 2020, 02:21:09 PM »
I hear family and friends use the word invest wrong all the time.  "I'm going to invest in a good pair of shoes."  or "I'm going to invest in a nice car."

I'm not against buying better quality, but unless it's a buy for life decision, I don't see it as an investment.

Media and politicians around here are always throwing around "investment" when they mean to say expenditure or expense.  No money is ever spent, expended, paid, etc for education, healthcare, roads, or workers.  It is always characterized as an investment.  That doesn't excuse people from adopting this bastardization of the language, but it takes additional awareness to stick to the true meaning of words.

True. Also, often people say "investment" when they are buying something expensive on the grounds that it will save money in the long run. E.g. a $200 pair of shoes that lasts 5 years counts as an investment compared to $30 shoes that have to be replaced every 6 months. That's at least an analogous use of the word--spending money now to increase your wealth in the long run. Although I suspect that 99% of the time the money saved on this kind of investment just gets spent on some other consumer good.
I was even once told exactly that by a lady trying to sell me shoes. 

Walked into an Aldo (Canadian place) and skipped past the expensive shoes near the door and was making my way to the back for the sale area when she stopped me.  Told me that a good pair of fancy shoes was an investment.  This place did not sell good quality shoes, just "going out in style" shoes, so there wasn't long term quality savings to be had.  A few choice questions about how much return I could expect, she got mad, and I left.  Occurs to me now that I haven't been in any of their stores since.
Aldo made their not-to-buy list:
https://youtu.be/V2Z47b36gds

DadJokes

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Re: I always hear non-Mustachian people using the phrase...
« Reply #80 on: January 20, 2020, 05:03:15 PM »
How do you follow things on Amazon? Not sure if my ad blocker software is blocking a button or star or something...

I use camelcamelcamel to let me know when items I want on Amazon fall below a certain price.

Just Joe

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Re: I always hear non-Mustachian people using the phrase...
« Reply #81 on: January 20, 2020, 07:22:39 PM »
Thanks. I have that plugin installed but have not made much effort to explore its full capabilities.

Travis

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Re: I always hear non-Mustachian people using the phrase...
« Reply #82 on: January 21, 2020, 12:43:25 AM »
YOLO/you might get hit by a bus/live a little/whatever excuse to have expensive fun right now....

You might also live to 100...


The market is rigged/only for rich people/you don't know what you're talking about...

Got a better idea?

Omy

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Re: I always hear non-Mustachian people using the phrase...
« Reply #83 on: January 21, 2020, 06:40:15 AM »
YOLO/you might get hit by a bus/live a little/whatever excuse to have expensive fun right now....

You might also live to 100...


The market is rigged/only for rich people/you don't know what you're talking about...

Got a better idea?

And the related quote "Life is short!"

Travis

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Re: I always hear non-Mustachian people using the phrase...
« Reply #84 on: January 21, 2020, 01:19:53 PM »
YOLO/you might get hit by a bus/live a little/whatever excuse to have expensive fun right now....

You might also live to 100...


The market is rigged/only for rich people/you don't know what you're talking about...

Got a better idea?

And the related quote "Life is short!"

Pretty much any expression that boils down to "I suck at planning past this month!"

Monerexia

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Re: I always hear non-Mustachian people using the phrase...
« Reply #85 on: January 21, 2020, 10:16:27 PM »
"Just renting now, going to wait until the market goes down to buy." mhmmm..

Travis

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Re: I always hear non-Mustachian people using the phrase...
« Reply #86 on: January 22, 2020, 01:18:01 AM »
"Just renting now, going to wait until the market goes down to buy." mhmmm..

To be fair to them, at least they're running the numbers. It wasn't that long ago that the mantra was "buy no matter the price because - investment!"

BlueHouse

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Re: I always hear non-Mustachian people using the phrase...
« Reply #87 on: January 23, 2020, 09:03:09 AM »
"I just saved so much money" ....by spending a lot

dcheesi

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Re: I always hear non-Mustachian people using the phrase...
« Reply #88 on: January 23, 2020, 09:09:27 AM »
"Just renting now, going to wait until the market goes down to buy." mhmmm..

To be fair to them, at least they're running the numbers. It wasn't that long ago that the mantra was "buy no matter the price because - investment!"
More specifically, it was "--because the housing market never goes down!"

Daisyedwards800

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Re: I always hear non-Mustachian people using the phrase...
« Reply #89 on: January 23, 2020, 02:31:34 PM »
"Life happened."

Hula Hoop

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Re: I always hear non-Mustachian people using the phrase...
« Reply #90 on: January 24, 2020, 06:00:07 AM »
"Just renting now, going to wait until the market goes down to buy." mhmmm..

To be fair to them, at least they're running the numbers. It wasn't that long ago that the mantra was "buy no matter the price because - investment!"
More specifically, it was "--because the housing market never goes down!"

"bricks and mortar" = always a good investment as "they aren't making any more land".

runningthroughFIRE

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Re: I always hear non-Mustachian people using the phrase...
« Reply #91 on: January 24, 2020, 09:50:35 AM »
"Just renting now, going to wait until the market goes down to buy." mhmmm..

To be fair to them, at least they're running the numbers. It wasn't that long ago that the mantra was "buy no matter the price because - investment!"
More specifically, it was "--because the housing market never goes down!"

"bricks and mortar" = always a good investment as "they aren't making any more land".

I get a lot of "When are you going to stop throwing your money away on rent?"

Lucky13

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Re: I always hear non-Mustachian people using the phrase...
« Reply #92 on: January 24, 2020, 10:31:03 AM »
"I want to die broke" or "I dont' want to die with money in the bank" and I can kind of get that sentiment if not wanting/needing to leave money to the next generation but people seem to use this as an excuse not to save and just spend.

Luap595

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Re: I always hear non-Mustachian people using the phrase...
« Reply #93 on: January 24, 2020, 10:58:31 AM »
I had to buy X, because my former X was old.

For example, "I had to buy a new pair of shoes, because my other pair were old."

Not damaged in some way that made them unusable, just that the item was produced 2 or more years ago. I hear this a lot as an excuse for buying shiny new things.

Lucky13

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Re: I always hear non-Mustachian people using the phrase...
« Reply #94 on: January 24, 2020, 01:11:26 PM »
I had to buy X, because my former X was old.

For example, "I had to buy a new pair of shoes, because my other pair were old."

Not damaged in some way that made them unusable, just that the item was produced 2 or more years ago. I hear this a lot as an excuse for buying shiny new things.
This is why MMM is still using this forum software from 2005 because we don't believe in upgrading just for appearances. :P

Monerexia

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Re: I always hear non-Mustachian people using the phrase...
« Reply #95 on: January 24, 2020, 02:52:39 PM »
I had to buy X, because my former X was old.

For example, "I had to buy a new pair of shoes, because my other pair were old."

Not damaged in some way that made them unusable, just that the item was produced 2 or more years ago. I hear this a lot as an excuse for buying shiny new things.
This is why MMM is still using this forum software from 2005 because we don't believe in upgrading just for appearances. :P

Haha no doubt--there's a restaurant supply store where I live and you can tell the owners are frugal--their inventory software looks like it was designed for soviet submarines in the early 60's.

Monerexia

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Re: I always hear non-Mustachian people using the phrase...
« Reply #96 on: January 24, 2020, 02:57:52 PM »
"Just renting now, going to wait until the market goes down to buy." mhmmm..

To be fair to them, at least they're running the numbers. It wasn't that long ago that the mantra was "buy no matter the price because - investment!"
More specifically, it was "--because the housing market never goes down!"

Yes there is that but the people I was thinking about are not making any kind of intelligent or thought-out choice. They are paycheck to paycheck people who have always rented. It's not like they're ready with their 20% down and studying local trends ready to pounce--they are unconscious and financially leaking all over the place, credit card balances up the whatsit, etc. In no way are they "waiting until the market goes down." It will always be too high. 

"bricks and mortar" = always a good investment as "they aren't making any more land".

I get a lot of "When are you going to stop throwing your money away on rent?"

Travis

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Re: I always hear non-Mustachian people using the phrase...
« Reply #97 on: January 24, 2020, 04:59:13 PM »
"Just renting now, going to wait until the market goes down to buy." mhmmm..

To be fair to them, at least they're running the numbers. It wasn't that long ago that the mantra was "buy no matter the price because - investment!"
More specifically, it was "--because the housing market never goes down!"

"bricks and mortar" = always a good investment as "they aren't making any more land".

And strangely "they" still find places to build new houses.

Also, home owners aren't immortal and will sell eventually.

Travis

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Re: I always hear non-Mustachian people using the phrase...
« Reply #98 on: January 24, 2020, 05:01:15 PM »
"Just renting now, going to wait until the market goes down to buy." mhmmm..

To be fair to them, at least they're running the numbers. It wasn't that long ago that the mantra was "buy no matter the price because - investment!"
More specifically, it was "--because the housing market never goes down!"

"bricks and mortar" = always a good investment as "they aren't making any more land".

I get a lot of "When are you going to stop throwing your money away on rent?"

My boss was trying to give me good advice a couple years when he suggested I buy a house even though I'd only live there for two years because "equity."  I played that game a decade ago and all I saw was "closing costs."

ixtap

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Re: I always hear non-Mustachian people using the phrase...
« Reply #99 on: January 24, 2020, 05:29:22 PM »
"Just renting now, going to wait until the market goes down to buy." mhmmm..

To be fair to them, at least they're running the numbers. It wasn't that long ago that the mantra was "buy no matter the price because - investment!"
More specifically, it was "--because the housing market never goes down!"

"bricks and mortar" = always a good investment as "they aren't making any more land".

I get a lot of "When are you going to stop throwing your money away on rent?"

My boss was trying to give me good advice a couple years when he suggested I buy a house even though I'd only live there for two years because "equity."  I played that game a decade ago and all I saw was "closing costs."

Someone posted a guideline the other day that you should only buy if annual rent x 15 is more than the cost of the house. Based on that guideline, as long as rent doesn't increase by more than 33% this year, we are good.