I really doubt it's that simple. If it is, that would suggest that the Japanese and the Chinese (who have, by American standards, extraordinary rates of saving) are genetically quite different than us. I don't buy that.This is a point well made. I wish you could address it to the PhD's who wrote the study.That said, there are similar problems in other societies, including the Japanese and Chinese. There is greater "shame" there, so cultural influences certainly have some bearing, perhaps major bearing. But I don't think you can chalk it up to "all one" or "all the other."There is no doubt in my mind that the human animal - like so many others - is wired for immediate gratification. It's just that we are also wired, at least some of us, for the reality of what that sometimes entails.I happen to have a sister-in-law who is not. I knew people growing up who were not. My wife's (deceased) mother was not. It's like that gene was simply missing, or something.Every large purchase should be accompanied by a question(s): "Who are you trying to impress?""And why?" I make large purchases all the time. (OK, not all the time, but frequently, sort of.) Most recently: A digital camera, a flat screen TV, an addition to the house. Never was it "to impress." I bought the TV because a lightning strike took out the old one, and as long as I needed a new one, I bought an HD model. The digital camera? The old one died. The addition to the house? To improve the layout and give us some closet space.When I buy a new car it won't be "to impress", it will be for my own comfort, and it will be a luxury car (I have an Infiniti at the moment, and will likely repeat - although I'll wait until this one gets too expensive to maintain. I don't need "new" for the sake of "new".)yikes, I spent $700 at Woodcraft this monthI am so glad there's not one of those close to home. :)I am embarrassed to say that was entirely on "pen supplies." My brother in law came to visit, brought his mini-lathe, got sick and went home without it. While he is gone I decided to make some pens, and some more, and some more, and well, some more. So I have decided that all the relatives are getting pen & pencil sets for next Christmas (handmade! and pretty nice looking, if I do say so myself), and some will also get some glamour pens, and I will still have a dozen or so left over. OK, I got carried away and am justifying this short-term whim, but luckily I lose the lathe in another couple weeks, so I can't do any real long-term damage.Maybe that's part of it. I managed to recover about $400 in "gifts" with my $700 in "spending." So I'm only down $300! At this rate I'll be saving my way to salvation.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M