brah a basic set of Mastercrap power tools with a power drill included for like $200 is more than sufficient for 90%+ of peoples' needs in their residential homes and will last 20 - 30+ years with minimal effort.

I paid $42K for my new truck a year and a half ago. The difference is that mine is actually a truck, and not a Cadillac with leather seats, a sunroof and a tiny bed on the back. My basic truck doesn't exist in a low miles used version. People frugal enough to buy a basic truck are also frugal enough to drive them into the ground.People like to hate on Harbor Freight, but they're great for things you're only going to use once or twice and you can frequently buy it for less than you can rent it elsewhere.

I know people who do go kind of over the top with spending money on expensive shoes, though. For example, I know a guy who talks about how he and his wife have each started buying a pair of super expensive work boots on an annual basis. Ones that are admittedly very high end nice, but once you get into the territory of spending $250 - $500 on a pair of work boots, they should ideally last you at least 3+ years. The more expensive end ones are meant to be taken care of better and not beat to crap. Doesn't make sense to me that they're willing to spend north of $1k /year just on 2 pairs of footwear when they'll probably end up with 15 pairs apiece leftoever in 20 years.

—posted from my used 2.0 Camry

people will pay for comfort

also most companies have 100+/yearly boot allowence

“The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money.

Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.

But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet.

This was the Captain Samuel Vimes 'Boots' theory of socioeconomic unfairness.”

Using the wrong tool or cheap tools for the job.

I disagree with the bit about buying cheap/used cars.

My car cost me £2,000

I’ve had it for 20 months, I see new cars on the lower end of the market cost roughly £23,000 (that’s being generous) over a 4 year finance plan at 3% APR, at 20 months in if I had a new car it would’ve cost £11,560.

That means if my car breaks tomorrow the total repair cost would have to be over 9 grand to make what you said correct.



Edit: I would like to add…..for anyone that doesn’t buy stance socks, you’re buying the wrong socks. Stance are the best socks I’ve ever bought in my life and they last a long long long fkn time compared to standard pairs of socks that last 4-6 months. I firmly believe that with socks if you buy cheap you buy twice. Additionally, these are on your feet all day, if you’re walking around you want comfort on your toes, stance will 100% provide this.

nice story but TBH i get 200$ boot allowence and i spend it at marks work warehouse. their cheapest is 80$ and yet im buying 200$ boots so i think its good. i also buy 40$ insoles.

There is a goldilocks zone for used cars...

Buying <$10,000 used cars are a bad move.
Buying >$20,000 cars is typically a bad move. (Trucks have a different number).

You want a low mileage 5-10 year old car. Let someone eat the initial depreciation with low usage on the mechanical parts.
When you buy sub<10,000 you are almost always buying hidden problems.

Time is money. Some guys have 10000 hours playing video games before they are 18 then wonder why they didn't get into X college or have the Y network they would need for something like IB.
I don't "worry" either, but the folks who tried to push UBI are effectively hammer and sicklecels who don't understand just how much that would diminish human potential.

one person tents only make sense if they have all hard poles all around, if they tie in the front and back to the ground, not fun

"-moving to a “low cost of living area” lmao. It’s cheap because no one wants to live there. Congratulations, you not only live in a chithole but you’ve cucked yourself out of many better paid job opportunities."

In some places, the average cost of a home is over 1 million dollars and median rent is around 2,000. Its almost impossible for it to be economically effective to live in boulder Co as opposed to Ft. Worth Texas. Sure theres better people (not fat fuks everywhere) , and less blacks/hispanics but there is almost no way a job can pay you that much more considering that houses cost like 3X as much.

Pretty much anything that sees regular use

The perfect price point seems to be around middle - upper for most things. You get good quality and features. Past that the law of diminishing returns kicks in and you get less value per dollar spent

In the “normal” car field a few that were very low entry prices and I did very well out of were the Datsun coupes, my best financial return was on an s30 2 seater

The r32 GTR has in theory done very well but I’ll never sell it so that doesn’t count

Other people I know did really well out of the Mazda rotaries, particularly the early ones but rotaries were never my thing

Even with my wife’s econobox cars we never ended up taking a loss on any of them

Thinking of upgrading the Lexus soon since it’s a few years old now

On the “collectors” side have been hearing good things about appreciation on manual lambos and ferraris

I actually don’t buy cars as an investment I pick ones that are interesting to me, just so happens that I haven’t taken a loss on them and some have been fairly profitable

Can confirm. years ago, I bought a beater for 5k from a dealer. Thought it only needed a few little things (sway bar links, thermostat housing gasket, plugs), got them fixed then everything else started failing. Alternator went, A/C compressor went, fuel pump was on the verge of chitting the bed. Can't remember the other stuff, but I put almost as much into repairs to try and keep it on the road as I paid for it. Ended up getting rid of it for a new car at the time.

I'll never buy a used car again unless I do major chit to it like my Camaro.

Two big ones:

1. Buying a cheap printer which has top tier cartridge security. Meaning if you remove the cartridge to refill it and put it back in, the very act of removing it from the printer makes the printer reject it entirely. Scummy AF. I ended up sticking with HP Instant Ink, which is a subscription based ink delivery based on how many pages you print. It works out a lot cheaper if you print a lot.

2. Cheap toilet paper. You end up needing 3x as much, but the price is never 3x cheaper. Just get some plush 3 or more ply and it will last a lot longer

Why?

Come on bre, let me in…

Aware?

There’s been, the dot com bubble, the housing market collapse, 2 big bank bail outs and now covid-19

So are you saying given the trends over the last decade or two

There’s another real estate market like crash coming. Just to avert prosecution for other misdeeds?


Under the current administration it would not surprise me

what do you drive, assshole?

Your chicken legs couldn’t press the triple-plate clutch on my GTR

I do have a Lexus as my beater but it’s not a 2.0

Worries about pinching pennies on groceries because stuff is too expensive, but has no problem spending $300 - $500 per month on alcohol/weed/tobacco.

I only have one light bulb for the entire house, when I move around I unscrew the lightbulb and put it in the new room I go into

Later I realized that this doesn’t make sense cause unscrewing and screwing the lightbulb makes it wear out faster

But, now with interest rates being so high I’m back to doing it cause I put the money I would have spent on light bulbs for the whole house in SPAXX and the return on that money is greater than the additional depreciation on the light bulb causes by repeatedly moving it around

Have you looked into family cloth

People don't care about housing prices they care about monthly payment on a 30 year mortgage.

Prices have softened 5-10% off peak, but monthly payments are up 15-20% of peak. This means there are a substantial people underwater on their houses. This meets 1 of 2 criteria for a crash. The second is that underwater people must be forced to sell.

If there is a market crash or softening to the point where layoffs become wide spread there will be a crash.

The return of Student loan pmts may also play a factor. I know a lot of people took out loans using the student loan allocated cash. Now that they are needing to use it for its previous allocation they are double booked. That is a problem.

The market down under must have a higher demand and shorter supply because "econoboxes" and "regular cars" in the USA 100% take losses during secondary sales. To be honest Im skepticle that you made profit from regular cars too. Dont forget the cost of maintance and repairs you paid all those years, make sure to factor that into the "profit". Just like when people "profit" off of their home sale. So you bought for 300k and sold for 400k, nice. But how much did you pay in maintenace over the years? People get funny with numbers to justify arguments.

I know that just triggered a few people that sold a car/truck during a 6 month period between 2021/2022 when the supply/demand was out of control for hot minute. Now its back to reality because the mouth breathers stopped paying 5k above asking price for chevy's.

I know toyota holds value, but "holding value" is slang for less of a loss. Virtually every single car $0-$100k depreciates dramatically a minute after you buy it, then year by year it gradually declines. If people made money buying cars new and selling them two years later more people would do it...

This guy knows his chit.

It's obvious that you're very insecure.

I have never ever had somebody hate on me that accomplished more than I have. Elon, those guys over at the top of the food chain, they're not talking about me, they're not threatened by me. It’s the people that haven’t that talk shiit.

You literally cannot find a basic 4 door 4x4 truck anywhere near me. It's like finding a needle in a haystack just to see one without leather seats.

I think it's impossible for myself to be frugal. Might be because I make more than enough to just not give a fuk or because I grew up with a very frugal father. Who knows

building on this, using cheap fixes on cars like "gasket sealer" you're putting into your engine.

congrats, you just ruined your engine.

DK if this one has been brought up yet but low quality food/fast food/cheap ramen packets, etc. Now you're just exposing yourself to poor health, weight gain, etc when you could have spent a little more of fresh organics fruits/veg.