Your Subjective & Objective Metrics For Measuring Value
I value experiential knowledge and this is because of the learning curve that comes with it. I grew up among business people who were wealthy and successful, people who are well read, educated, and exposed and I enjoyed listening to them talk about their failures and triumph.
I made friends with older people because I couldn't keep up with the wild and pacy lifestyle of teenagers who were in my age bracket.
They wanted to spend to impress girls, steal from their parents, use Blackberry phones, and follow the trajectory of being young, wild, and adventurous.
Trend lifestyle was something I couldn't really cope with
It was pacy and expensive
I, on the other hand, could live this life even if I wanted. I had health issues, and my parents didn't have that much money for me to steal or flex with, so I had to make friends with older people in the neighborhood and learned so much about adulthood.
Sometimes, we feel that exposing younger people to sophisticated knowledge dampens their growth procedural process, while this might happen to some people, it helps some other kids learn hard and fast.
For example, I learned a lot about financial capacity from people who had seen it all.
Even Older knowledge carried weight
It is hardly useless
I never filtered or rejected any of the knowledge they passed across to me and this was because of the intentions they had toward me.
The basis of their intent was that I shouldn't repeat the same mistake as they did and this is why I took all their teaching to heart because knowledge might be archaic, redundant, or old, but at one point in time in life, they might come in handy.
One thing I've learned over time is that value might be uniquely determined, but there's a universal acceptance that everyone tends to simultaneously agree to.
For example, not everyone likes diamond, In fact, some people would prefer not to own them, but we still universally agree that it holds value, because of their worth.
Humans are always sentimental in the bestowment of value to a person or commodity, however, irrespective of sentimental, there are things we know their value and this is because of the external worth they carry.
When worth is undeniable value is hardly subjective
.....even if people hold a sentimental belief that what's valuable for others might not be valuable for them, this coming from a place of preference and not from a statement of fact. Facts and beliefs are two different things.
While the former is universally empirical, the latter is opinionatedly validatable. In this post, I created an anecdote with a laptop and wedding gown
In retrospection, I want to simplify that wedding gowns hold no secondary value and the reason why I think so is that it serves the purpose of only one event, which most people hold only once in their lifetime; a wedding ceremony.
We can be sentimental when it comes to the bestowment of value
So they cannot use it for a second time unless they choose to give it out and allow it to serve someone else. Even at this, they can still be very expensive.
This is because of its iconic nature and the things it tends to symbolize, hence the makers attach a sentimental value to it, by inflating the original money valuation. Because of this appeal, people tend to not mind the price and can go as far as even borrowing money to buy one.
On the other hand, owning a laptop is undeniably valuable: you can learn a skill, do a job, and even have access to your business ventures which can make you money in return.
A Balanced Metric To Adjudication Value?
However, someone spends 800$ on a laptop and another person spends the same amount on a wedding gown. It is only one person who will obtain recurrent value for money.
However I won't deny that the two people will obtain the value they bought sought, but when we're unbiased and choose to be objective in our deductions, we'd have our answers.
In reality, there are things that the value is not arguable and in question, this is why I think people should balance their metrics for judging value, so they wouldn't be blindsided in their personal finance journey.
Interested in some more of my works?
Reviewing A $400 Samsung Galaxy A72 (photos Included)
Hive's Scalability & The Compromise Of Commitments
Money: The Consequences Of Making The Right & Wrong Decisions
The Nigerian Economy: Monopolizing Incompetence
The Experiential Process of Understanding Money
A Case Of Theft On Hive: Here's Why Some People Choose Scam.
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You really help reminisce about many funny things about blackberry phones. Living a lifestyle of trend doesn't worth it. It's better to understand that assert is golden and cut off unnecessary expense just to feel among
Yeah, I was a teenager in the era of blackberry. In fact, my first time of holding a blackberry was because my girlfriend back then had one.
What we do back then to feel among.. truly. Phew!
Our experience is what counts as we get educated along our way in life, being in the midst of the elderly ones and learning positively from them does a way of impacting one positively down the line. I am more of the reserve and quiet one I just listen and probably learn a thing or two.
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I grew up listening to older people, although they did more of the talking, I subconsciously learned from them and these people saw it before me. We mostly don't talk when learning from elders, I was like you too.
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Hi josediccus. Once more, one of your interesting blogs. I considered what you said about knowing from experience and its value made me think. I agree that having a learning curve is a good thing. It is important to learn from the mistakes and successes of others, especially those who have done well in a certain field or industry. I also agree with what you said about the value of old information. Even if it seems old or useless, it can still be useful and important in the modern world. When we learn from the mistakes of others, we can avoid making the same ones and reach success more quickly.
Thanks for coming to read. Yes, knowledge from elderly people is like a Cheat code in life, most times it even prepares us ahead and even if they might not say anything, subconsciously learning is even better, whether the information is old or not, the relevance is often tested subsequently when the time comes.
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The value depends on the person but I tend to like things that give me a lasting benefit. Living within your means is better and I prefer having my money work for me is better. A laptop is a good investment but there is no need to get specs that would be luxuries. As long as it gets what you need done, then that is good enough.
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Yeah, you're right. From a rich person's perspective, they can decide to spend money anyway they want, but for someone who is looking to get value for money, they are probably going to target a lasting benefit like you've mentioned. You're right, decent specs, still gives mind-blowing value
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I still insist value is subjective. A universally accepted metric doesn't put a stamp on what value is. It's all perception and I'm not being sentimental. Also consider that not everyone that owns a $800 worth laptop have the smarts or luck to learn a skill or do something with it that'll obtain recurrent value for money. The $800 gown if owned by a business-minded entity can serve for rental services. Everyone have different approaches to the same things. Even the most mundane things can be valuable (and yes, monetarily) to some people.
Great post buddy. Why not give me a follow :-)
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A universally accepted metric can, just like the dollar is measured to be the Means of exchange and store of wealth. So, it definitely can. And, being able to afford a laptop of $800 gives it purpose automatically. When people decides to spend to buy, they automatically find ways to extract value, unless there's no value in what they're buying. An example is how Elon musk is trying to monetize Twitter to a 100% because he paid $44B for it.
You got me at the first paragraph. But don't forget dollar is a measurable and tangible form of value.
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In many cases, I tend to put away my subjective value preferences and just focus on the objective value since it is usually universal and accepted by the majority. Most subjective values are sentimental in essence and one can only imagine what it means to the person.
You're right, sometimes one's sentiment towards value makes one overly subjective. It's not totally a bad thing per se. It's just that sometimes we need to be objective to really see things as they are
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Yes, I think it's always important to see things as they are so that one doesn't fall into a delusion.
I spend a lot on Splinterlands cards. For normies, they are jpegs that can be copied. Who is wrong, who is right? Time will tell.
Well yes, I think the knowledge you have about blockchain games and play2earn influenced the knowledge and decisions to spend on splinterlands cards. These other people don't have such knowledge. There's probably no right or wrong, it's just making the decision based on knowledge and exposure I guess.
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I too have always been drawn to people older than myself and surrounded myself with business-minded individuals... the "young and stupid lifestyle" was something I entertained until I was 21... after which, things changed dramatically for me, in terms of how I saw the world and my life within it.
I would have loved to entertain such lifestyle, but I didn't have the luxury at that time. I think age happens and changes the trajectory. But people who have always been and learned from older people usually have this pre-lessons about life which others might not
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Indeed... one can always live "a certain way"... but knowledge and wisdom are much harder to come by!
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You aren't wrong in here. Time will tell when these archaic, redundant knowledge would come in handy. What a person values and another do not will come to a realization later on.
Some people still get surprised how smartphones could make you earn a lot and that is because they haven't been able to understand how to go about it because of lack of knowledge. Someday, they will come to realize how they didn't value such tool when they should have because they have the belief that money gotten from a comfortable place instead of going out to work is illegal. I still have kinds of them around me.
I have programmer friends who are agile and strong and they're home coding and earning the bits they can, they prefer it to the peanuts Nigerian companies pays. I hope the light will shine on Nigeria someday and change the ideologies of people.
They really need the change so as not to wallow forever in ignorance.
Fact!
Teenagers are usually defined by their lifestyle. They lives frivolously including smoking, drinking and dress shabbily to impress other age mates. Few of them have real focus of life and invest handsomely. Becoming their friends will derail one with great prospect.
Older member of the society have several experience and their advice is very wise and directive. Being with them makes one wiser.
The prices of goods or how fancy it makes be, does not makes those objects valuable. But its utilities and durable. Ability to keep generating profits over time. Computer set is a good example over wedding gown
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