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Too good at being good....???

Discussion in 'Investor Psychology' started by Leo2413, 8th Sep, 2015.

  1. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Anyone found that due to the years of exemplary saving and spending habits, focus on investment and being responsible with cash flow that when you DO treat yourself or make a big spend that you deserve and can afford to, it's really suddenly not as easy to do because of all the self training and discipline over the years..?? Any one else experience this? I was out the other day looking to buy some jewellery and I actually had to convince my wife for 2 hours to let me buy her nice things....She understands intellectually that its not a problem and we deserve it but from years of emotional conditioning... its truly remarkable how we can get entrenched with any habits we continuously apply.
     
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  2. spludgey

    spludgey Well-Known Member

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    I would certainly feel worse instead of better if I "treated" myself to an expensive luxury that I didn't see as worthwhile. Which for me would encompass most luxuries. One notable exception is travel. I'm far more willing to spend large(ish) amounts of money on travel than on anything else that's not an investment of some sort.
     
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  3. neK

    neK Well-Known Member

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    Yes.
    I've been meaning to buy myself a 2nd car (86).... i dont need it (actually it would spend more time sitting in front of my house than being driven). I want it. I actually want it pretty badly because ive never had one.
    I have the money to buy it..... i just can't seem to pull the trigger. I've spent the last 24 months looking at carsales. :(

    I've even try to justify it using the following logic.
    If i buy it, my brother in law can drive it too (Mon-Fri). As a result, he won't need to waste money on a car and can use the money to invest.
     
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  4. Bayview

    Bayview Well-Known Member

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    I am the King of the Universe at this.

    I will actually not even buy myself a drink or food from a cafe etc because I know what I pay for the same stuff at home...

    So I'll go without until I get home. refuse to spend $3 on a bottle of water. Insane, I know.

    Who the hell buys jewellery?

    Got to cash converters and buy it if you must.

    Looks the same as the overpriced new stuff, just as useless, just as big a "noone cares" effect and it will be less painful than trying to convince your wife to accept the gift.
     
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  5. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    I don't get jewelry too.
    We have none.
    Well, engagement ring, wedding ring and any watches bracelets my wife has may have cost $1,500 for the lot, in the past 15 years since we've been married.

    I'd drop money instantly on something I really wanted which was functional right away though.
     
  6. MRO

    MRO Well-Known Member

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    I have the same dilemma. I want to but a new car (second hand) for about $35k but cant get myself to do it.

    My goal is early retirement and $35k is almost a year of my retirement income. I keep thinking about having to work another year longer than i would like to. The other kicker is the vehicle will primarily be used to get me to and from work. I am a car enthusiast but do i want to spend a year of retirement income on purchasing transport to and from a workplace I am striving to retire from. Damn my goal orientated logic, I really want that car!
     
  7. D.T.

    D.T. Adelaide Property Manager Business Member

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    Yep, don't understand jewellery either and don't find it impressive. I'd rather spend on activities than possessions. I do like fast cars though! Maybe in a few years lol :(
     
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  8. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    I'm the same with buying drinks. And yeah, I don't buy jewelry either.

    I could possibly buy a classic car at some stage though. Those things just happen to be an investment if treated well!
     
  9. Scott No Mates

    Scott No Mates Well-Known Member

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    I am seriously considering splurging and getting myself a mobile phone. I have been researching it for ages and can see merit in a GSM phone with WAP and text capable. I haven’t needed one to date but a few of the people that I knock around with have received one lately (hand me downs for birthdays & father's day).

    The one I want is from Nokia and I can get it for about $50. It's small enough to fit in my briefcase and comes with a spare battery pack, 4 ringtones, good sized buttons for dialing, 2.5 mm earphone jack & 1.5" screen.

    At a stretch, I might get the upgrade which has a 2M Pixel camera.

    Do you think that screen's too big?
     
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  10. Leo2413

    Leo2413 Well-Known Member Premium Member

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    But she does like jewellery, that's why I wanted to buy it, not because I like it or not. Its not only with jewellery, with other things that can cost a lot ...her conditioning over the years seems to have made it difficult now to pull the pin and buy things, and we can afford to. Its kinda like I need to reverse the mindset a little now so she doesn't feel guilty...
     
  11. skater

    skater Capitalist Premium Member

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    We'll buy water if we're out and thirsty, but we usually take a bottle or two with us when we go out.
    Also not a big fan of jewellery.

    I've got wedding, engagement & eternity rings, but don't wear them. They used to get damaged when I skated & I'm now more comfortable without them. I have pierced ears, but can't abide ear rings & only wore them for competitions. I've also got some lovely, over-the-top fake necklaces that I used to wear for competitions only.

    The only thing I wear is a gold chain with a skater pendant on it.
     
  12. Leo2413

    Leo2413 Well-Known Member Premium Member

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    This is very MacGyver. :cool:

    http://www.dx.com/p/xh-2s-gsm-andro...gclid=COK6yYy35scCFYsrvQodN9AOnA#.Ve5NOzYVimQ
     
  13. skater

    skater Capitalist Premium Member

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    To a degree, that mindset will probably be there for life. We're exactly the same. I always check prices on things before purchasing, and like to think I've got value for money. I keep having to remind myself that I can afford things.
     
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  14. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Yeah I think your right Skater...I just feel a little sad that she does feel guilty a little. She's such a good person..shes my world to be honest.
     
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  15. Leo2413

    Leo2413 Well-Known Member Premium Member

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    how much would it cost?
     
  16. Biz

    Biz Well-Known Member

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    Being a tight arse is somewhat habit forming I have found. When I was younger I wanted all the latest crap, now I could afford it all and I don't want it! Even stuff I do want I put off, I start having an existential crisis when I am in a shopping centre, debating with myself if I really need that $20 item or not.

    $%^&**( investing mindset!
     
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  17. neK

    neK Well-Known Member

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    $27-34k

    (34k brand new - I like brand new) :D
     
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  18. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Just get it! hehe:D The thought of you looking at car sale sites for 24 months is depressing..hehe I feel for ya
     
  19. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    I'd was thinking to buy a Nissan GT-R the other day, 2nd hand for value, but not sure if I could live with the servicing costs...
     
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  20. neK

    neK Well-Known Member

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    Too hard to justify the cost to MYSELF (I'm asking permission from myself and so far the NO has been winning) :(

    My mate was right, he laughed at me when i told him i was contemplating buying one. He knew I was too tight to spend the money.
     
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