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5 sats \ 1 reply \ @mudbloodvonfrei 19 Jul 2023 \ on: How true is this to you? meta
I rarely buy something I don't need, but "need" is highly subjective and in comparison to the next best alternative. A lot of people buy what seems to others to be useless crap because the alternative is to have your money's value eroded by inflation. Once I learned that I can buy a better form of money, the next best alternative changed. Same thing for when I learned to invest in stocks. If stocks are overpriced I might go for some bitcoin. If bitcoin is hitting all time highs, I might buy stocks that month. The more alternatives you know how to use to your benefit the more resilient you'll be.
Also, sometimes I buy things I might not want to hold because they're capital goods. I need two cars so that my wife and I can get to work. We could get by with one or even zero, but we concluded that two cars is a good investment because it saves us a bunch of time that we can use to gain more utility than we lost from buying the cars.
Things that you bought that has importance on your everyday life to bring comfort to you and your family can be considered necessities.
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