Buying Quality Saves Money in the Long Run
The rich do things different from others when it comes to buying stuff. Instead of going cheap, they go high quality and so their things lasts for a longer period. This mindset makes a very big deal in managing their money effectively.
A person who is saving his money may buy a $50 pair of shoes that will not last longer than 4 months. But another person who values quality might spend $300 on a pair that lasts years. Over time, these more expensive shoes turn out to be a better deal because they don't need to be replaced often.
The same thing goes for furniture. Where a cheap sofa may end up being replaced frequently, a much more durable and well constructed sofa is a bit more expensive at the beginning but will last much longer. This means fewer replacements and less hassle in the future.
Rich people often invest in appliances that are reliable and proficient. Take the high end refrigerator for example, this might look quite expensive upfront, but it's likely to use less energy and last way longer. That's actually savings on energy bills and not having to repair all the time.
It's long term value for money and not short term cost. Consider it a bit like cost per use. If you are buying a coat for $100 which only lasts one season versus a $500 coat that lasts ten seasons, well that more expensive coat ends up costing less per year.
It also means purchasing fewer items to replace worn out ones and much less time spent searching for new things to buy. This therefore adds up to more savings and less stress in the long term.
It is really about focusing in places where quality makes all the difference. Maybe in your work attire, kitchen tools, or home appliances. More often than not, this doesn't really have to do with spending the most money but about getting the best value for what you spend.
Next time you go shopping, stop and think about how often you're going to use something and how long it's going to last. Sometimes spending a little more for quality makes perfect financial sense, it might just let you enjoy better products over time.
Posted Using InLeo Alpha