The Financial Benefits of Buying What You Love

As a retailer of bookbinding tools, I cannot recommend too highly the fantastically excellent advice of Carl Richards. In his NY Times article, “The Financial Benefits of Buying What You Love“, he lays out a strong case for buying what you really want, rather than settling for a cheaper option. It is not too much different than the old adage, “Buy the best tools you can afford”.

Seriously, though, I think almost every time I have not heeded this advice for a variety of rationalizations — the tool is too expensive, I’m not going to use it that much, I don’t need something that good, etc… — I have regretted it.

As his napkin illustration summarizes: you buy it, you love it, and you keep it. And even if you fall out of love, you still have something of value to resell, rather than more garbage.

 

 

3 Replies to “The Financial Benefits of Buying What You Love”

  1. I completely agree. I have never regretted buying a good tool. Usually, when I have finally purchased it after lengthy procrastination —I wouldn’t use it that much, etc.— I have kicked myself for not buying it sooner.

  2. Every word of this. I think some of my bookbinding tools (and even some of the materials) have even gone up in value since I’ve acquired them.

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