
Originally Posted by
zookeeper
Some interesting points back and forth, but Kerry nailed it. For many, it's the difference between taking a particular vacation and not being able to do so. Period.
Another thought...Warren Buffet makes this argument all the time and it makes a lot of sense: The hoops we jump through, the time we would spend to make a thousand dollars from a few steps. Yet, to talk sense into people about the soundness of thrift and savings is lost on those same people. In my case, we'll be saving right around $1,000.00.
If I told you that if you just walk over here and do x, y, and z - I would give you $100.00
OR
Drive to Dallas, do the same, and come back - I would give you $1000.00
Would you drive to Dallas?
Someone interested in saving would do so because, like Buffet says, it's just like handing you that much money. Savings is money - it's cash in the bank.
For those that say, "no"....it's not "worth it" or talk about, "convenience," Buffet suggests that a large number of those same people would work their tails off watching the market, weigh the risks, research and more, to turn $100 into $1000. But for some reason they see "saving" that same amount of money as some different alien currency. $1000 spends the same, whether you save it in a bargain, earn it through smart thinking, or sweat for it in hard labor.
Interestingly, Mr. Buffet still lives in the same house in Omaha he lived in before he made his fortune. He talks about thrift, saving, the difference between "need" and "want." He also believes those from a privileged background have a harder time with this concept. Its simplicity is almost comical, but the truth is - I am "making" around a thousand dollars for a little work to "save" that amount of money. Others wouldn't bother saving that much, but would work hard to "make it" in a flash. Think about it.
Bookmarks