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Started By
Message
re: Why do OT Ballers hate diamonds and new cars?
Posted on 4/23/18 at 8:34 am to Pecker
Posted on 4/23/18 at 8:34 am to Pecker
Truth be known, I’d say spending money on your kid, regardless of talent and genetics, goes a lot further in life than on expensive cars and jewelry that lose their luster and eventually become just things you’ve accumulated or had in your lifetime. Or let’s say that it’s a better use of your money if you use it to also build a strong bond with said child and learn life lessons through it all. That’s something that doesnt go away, doesnt get old, and will pay dividends through the rest of both of your lives. Ive had lots of new vehicles throughout my life, and none of them do anything for me anymore. They are just things.
0
Posted on 4/23/18 at 8:35 am to SlowFlowPro
quote:
diamonds are complete ripoffs
They're luxuries. They aren't investments.
How can a diamond be a ripoff? It's completely unnecessary unless you decide you want it. You don't need it in any practical way. You know what you're getting for your money.
I could walk through your house and start pointing at things that are considered unnecessary luxuries, or ripoffs as you put it.
When it comes down to it, we all have luxuries and we all have personal tastes. Some luxuries appeal to you while others don't.
This post was edited on 4/23/18 at 8:36 am
Posted on 4/23/18 at 8:35 am to Powerman
quote:
From a pure financial standpoint it usually is
quote:
It's equally silly to act like buying a new car is always a dumb decision.
quote:
If you're willing to pay more for what you want then that's a personal preference
Thanks for basically repeating back my post to me.
Posted on 4/23/18 at 8:35 am to SidewalkDawg
EVERYBODY drives a used vehicle!
Posted on 4/23/18 at 8:35 am to Pecker
As a general rule, people are okay with spending money on what they can afford. Anything that deviates from this sentiment usually means they are lying about certain factors.
Posted on 4/23/18 at 8:35 am to Pecker
quote:
've noticed quite a few threads with dudes dumping on new cars and expensive engagement rings. They also seem to have a problem with expensive homes and expensive clothing.
They do, however, seem to be fine with spending hundreds/thousands of dollars per year on little johnny, with poor genetics, to play travel ball.
Maybe some people value their children more than their possesions?
I realize this could be a foreign thought to some.
Posted on 4/23/18 at 8:36 am to ItzMe1972
But EVERYBODY does not purchase a used vehicle.
Posted on 4/23/18 at 8:36 am to Pecker
quote:
I could walk through your house and start pointing at things that are considered unnecessary luxuries, or ripoffs as you put it.
i seriously doubt you can find something i own with the artificial markup of a diamond
certainly not at that price point
Posted on 4/23/18 at 8:36 am to LNCHBOX
quote:
And pretty much all "rich" people have nice cars.
Not really
Posted on 4/23/18 at 8:37 am to Powerman
quote:
Not really
Whatever you have to tell yourself.
Posted on 4/23/18 at 8:37 am to SlowFlowPro
quote:
i seriously doubt you can find something i own with the artificial markup of a diamond
certainly not at that price point
Same here
And I'm not exactly Mr. Thrifty over here
Posted on 4/23/18 at 8:37 am to LNCHBOX
quote:
Whatever you have to tell yourself.
I know plenty of rich people. Some have nice cars. Some drive cars they've held onto for a decade.
Posted on 4/23/18 at 8:38 am to SlowFlowPro
quote:
i seriously doubt you can find something i own with the artificial markup of a diamond
certainly not at that price point
Why does the price point matter? What's a lot of money to you may be little to someone else? The inverse is also true.
If I brought M'Bele from the Congo to your place he'd probably think you lived in opulence with your iPad.
Posted on 4/23/18 at 8:38 am to Powerman
quote:
I know plenty of rich people. Some have nice cars. Some drive cars they've held onto for a decade.
And were those decade owned vehicles purchased new?
Posted on 4/23/18 at 8:39 am to TigrrrDad
quote:
As a general rule, people are okay with spending money on what they can afford. Anything that deviates from this sentiment usually means they are lying about certain factors.
There are some really frugal rich people out there
I know a guy that has been pulling in over 200K a year for years and he drives a Tacoma with over 300K miles on it. He could easily afford something else he just doesn't see the point.
Posted on 4/23/18 at 8:39 am to Pecker
quote:
If I brought M'Bele from the Congo to your place he'd probably think you lived in opulence with your iPad.
You leave M'Bele out of this! He's busy getting me blood diamonds in the Congo.
Posted on 4/23/18 at 8:40 am to Pecker
I don’t mind diamonds, but nobody will mistake me for an OT baller.
Posted on 4/23/18 at 8:41 am to Pecker
Not me. I hate people that wear crocodile hunter shorts to the gym.
Posted on 4/23/18 at 8:44 am to Powerman
quote:
He could easily afford something else he just doesn't see the point.
This. 100%.
There seem to be a lot of people who feel the need to justify their purchasing decisions, but it all comes down to what you value. Honestly, I’d rather pay thousands to put my kid in a sport that he enjoys (even if he sucks at it) than put thousands into a car. I’m not a car guy. I need something to get me around and that’s it.
Some people value having nice, new cars. Some people don’t. Neither “side” is wrong.
This post was edited on 4/23/18 at 8:45 am
Posted on 4/23/18 at 8:44 am to Pecker
quote:
Why does the price point matter?
as price increases, markup increases
so a bigger markup on a larger-priced item = larger -EV
for example, i paid like $5 for some organic compost this weekend. i could have probably planned ahead and done my own for insanely cheaper...but ultimately i may have lost $3-4. compare that to a similar markup for, say, a house in an bubble. hell even if the markup is only 10-15% larger (instead of 250-300% on the compost), on that artificially increased price, we're talking $20k+
scale matters
This post was edited on 4/23/18 at 8:45 am
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