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by presidente20
2953 days ago
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That's right. The approach that works for me is optimising top-down. Save on the big expenses (accommodation, car, groceries) which requires planning and System II thinking. Try and save on the smaller stuff but as you're fighting your impulses (under social pressure, marketing influence etc) its much harder, so go with the flow. |
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As an example: I had the opportunity to take over a very nice corporate car of a friend at a ridiculously low price (for a variety of reasons). Basically I managed to purchase at half the actual value of the car -- it was a few years old but looked almost new and had super low miles. It was in perfect condition.
I could've bought and sold it on the spot for close to double the price I paid. But I'll drive it for a few years and likely be able to sell it for close to the same price I originally paid for it. Others go buy a new car, take a massive depreciation hit, and in the end spend tens of thousands more.
The expensive tickets are worth focusing on. Then go drink all the coffee you want.