Oh yeah, and after all that, it's really anything Music related for me. I may soon buy a decent electric guitar (guitar being my 5th instrument), but I know that it will get played, get used, and probably make some money for me. . . so I have no hesitations spending the cashola on the guitar I want.

 

are track days a waste of money?

 

No, learning to control your car can save your , which, under most circumstances, is priceless.

 

i waste too much money on strippers and hookers....

 

Worthwhile - private education, charities, $ spent on wifey, vacations, real estate, cars, fine dining, gadgets, especially devices that simplify or make your life more efficient

Wasted - designer label clothes

I admit though, I'm too stuck up to wear $10 clothes from Walmart or Target. Only Banana Republic, Lacoste, Burberry, etc for me.

 

For me, I'm trying to go back through the process of figuring out what I deem "durable goods" vs consumables.

What I mean by durable goods is like expanding what economists call durable goods and apply it to what I do day in and day out.

For example... durable goods of a computing...

Printer - going to use on a regular basis, and it'll last a while
Monitor - I look at all day and it has outlasted the last 3 computers I've attached to it
Keyboard - same as above
Computer - consumable... spend a decent amount, but be able to track the diminshing returns on performace/price. For example a $2000 top of the line system is not going to last 4x longer than a $500 one.

So for the printer/monitor/keyboard, I'm willing to splurge a little bit, because it's a longer term investment.


As for food, I don't have this nailed down yet, but it's a work in progress. I can still save, and would rather, go to costco and buy $100 of food. I might waste $50 of it(not intentionally of course), but through utilization of the other $50 worth, I'll have saved more than the $100 if I were to eat out. This is much harder and takes practice.

thoughts?

 

sounds good, Ash.

i disagree with private education unless u have guaranteed networking hookups.

 

Well I guess it depends where you live. In Miami, public schools suck. Teachers only care about the stupid FCAT testing and schools are filled with drugs, gang bangers and violence. One of the greatest gifts that my Dad gave me was my private education. I truly don't think I would be as successful today if I didn't attend private school.

IMO private education is one of the best ways to spend your money if you value your children's education and future.

 

"Hookers and Blow"

I put this in quotations because I'm sure that that ass-clown Vladamir has used this line already

 

How about ex wifes? That was the biggest $$$$ mistake in hind site.