intellectual/BigPurchases.html at master · Grommers00/intellectual · GitHub

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    <title>The Intellectual - Big Purchases</title>
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        <h1 id="head1" class="header"> Big Purchases</h1>
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                <h2>Car</h2>
                Big Purchases are one of the most widely discussed and analyzed discussions. Myself included have been able to get some great
                deals, and some bad deals. Learning why both happen is really critical. Financially a big purchase can end
                up being a big burden resulting in less savings for other big purchases, or a downgrade in day to day life
                such as not being able to eat out anymore. So what are some of the big questions to ask yourself?
                <ul>
                    <li>Do I really need this?</li>
                    <li>How many extra features am I paying for and what is the cost of those alone?</li>
                    <li>Did I negotiate as well as I should have?</li>
                    <li>Is this just reactionary?</li>
                </ul>

                I always have to ask myself these questions before any purchase, specifically a car. Many new cars are not worth the financial
                strain it will put on you, and unless you intend to include it on your entertainment budget, and yes driving
                in luxury can be considered an entertainment, I suggest not going that route. Just realize you may have to
                cut other places, to ensure you are still saving in other places. A car can say a lot about someone, much
                like their clothing, it can present an image to everyone else viewing. How important is your public image?
                Well, in some lines of work its very important. Could you imagine someone like Jay-Z driving around a corolla?
                Probaby not. And someone on the other hand like the late Steve Jobs, he drove a Mercedes SL55 AMG. Its a
                nice car, but not normally what you would expect of his wealth. He was very practical with his purchases,
                and often tried to shy away from being in the media, much like other IT CEO's. So what am I basically saying?
                Stop and ask yourself how much is that car going to help me? Do I really need those extra functionalities?
                How good is the gas going to be on it? Am I just doing it to be cool or impress someone? Have I considered
                all the other financial aspects of owning a car?

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                <h2>Other Big Purchases</h2>
                Always make sure you have some kind of savings before making other big purchases. Too many people jump into something without
                actually having a safety egg. This can lead to a lot of unwanted forced decisions after. Such as cutting
                out part of your life style, moving back home, or cancelling other large financial commitments. Take your
                time to make big decisions, if it takes you 2 weeks to make the money that you need to purchase it. Spending
                a week thinking about debating it can be worth it, and ASK people questions on what they did. This is a critical,
                and ask what issues they ran into. A lot of people are pretty open about discussing that problem. It doesn't
                have to be direct financial questions like "How much did that cost?" but more along the lines of "what additional
                expenses did you have to incur?", "what problems have you run into?". Asking one person is good if they've
                experienced everything, but I always ask 3-4 people just to ensure to get a wide variety of answers. This
                is a fact of life, and a big purchase is key. Also, if you think you know the answers to everything, stop
                and humble yourself..frankly nobody has made you king of the world yet.


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