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URL:  http://boards.fool.com/ltltfor-the-first-we-are-definitely-a-25206196.aspx

Subject:  Re: Your Brain Wants You To Be Poor Date:  2/22/2007  2:41 PM
Author:  SeattlePioneer Number:  2728 of 116898

<<For the first, we are definitely a status-conscious society. And our capitalist system encourages (maybe even requires) that we all be good consumers. Therefore, brands are equated with status. You are encouraged to buy particular brands to buy status. Don't have the money for it?

Early retirement is facilitated by not giving a rip about status.

Every large purchase should be accompanied by a question(s):

"Who are you trying to impress?"

"And why?"

>>


Yes, that tends to be true for me.


In deciding whether to buy a luxury, I make the decision based on a three part test:


1) Is it something I can afford without compromising important long term goals?


2) Is it something I want and desire for myself, as opposed to something other people think I should have or to impress other people?

3) Is it something I will use intensively enough for the purchase to be worthwhile?



These screening tools work well for me.



Seattle Pioneer
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