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Buy it for life

Published March 3, 2022 by Jim Wang

13 “Buy It for Life” Items That Save Money and Bring Happiness [Pete of Do You Even Blog guest posting on Budgets are Sexy] – “For the past 5 years, I’ve been working hard to change my shopping habits from one of “save some money now” to “save MORE money over the long run and also own better things.” “Buy It for Life” is now my obsession.” What I find most ironic about the start of this story is that it involves Chapstick, something that I’ve never completely used up. A stick of Chapstick is 100% going to get lost before I ever see the bottom of it.

Buy it for life runs very much counter to the capitalistic, maximize lifetime value of each customer, mentality that many companies have. They’d rather you spend less up front and buy more often. So very few products are buy for life… it’s quite refreshing when they promise and deliver.

Stop Counting Pennies and Focus on the Dollars [Route to Retire] – “I have this problem where I’m always counting pennies in my head. Not literally, but rather that I’m always conscientious of all our spending… to a fault. Don’t get me wrong, being mindful of what you’re spending is a good thing. If you don’t know what you’re spending, it can become very difficult to get ahead. The problem, however, is that counting pennies isn’t as important as focusing on the bigger money. In other words, saving a few extra dollars with some coupons might make you feel great, but if you then go out and buy a brand new luxury car, did it make much of a difference?”

This Is Your Brain On Financial Goals [Accidental FIRE] – “Imagine yourself at age 75. In America age 75 is about a year short of life expectancy for men and 5 years short for women. Don’t just imagine, try to actually picture yourself at that age. What would you look like? Try to imagine the experiences that future-you will have had and what you will learn. Will you be happy at 75? More related to your financial goals – did you save enough money to lead the life you desire in your 70’s? Why should you try to do this depressing exercise? Because scientific studies strongly suggest this type of visualization allows us to anchor our goal directed behaviors. ” And then of course he shows a video by Dr. Andrew Huberman – which is a podcast you should all listen to. I’m a huge Huberman stan.

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