About 6 years ago I bought a table top table saw. It was $129 and was pretty much the cheapest way to go. The table saw I really wanted was $450 plus and there was no way I could justify spending that much. So, I sucked it up and bought the cheapy. Add on the $40 table for it and I was up to $169. About a third of what the other cost.
Fast forward 6 years and walk in to my garage and you’ll see that table saw, along with another one. I picked up a used table saw just like the one I wanted to buy 6 years ago. I got it for $80 and it’s in GREAT condition. Apparently a little patience, (or in this case, a lot of patience) pays off.
I plan to sell my old one on Craigslist for $50. I’m sure someone could use a decent little saw for that price. So, for a $30 upgrade, I was able to finally get that table saw.
I could have bought that table 6 years ago. In fact, I could have just as easily bought a new table even nicer yesterday. With no debt and plenty of money in the bank, I wouldn’t even have felt a 5-$600 expense for a newer fancier one. So, why didn’t I buy the new one? I guess it’s really more frame of mind than anything.
Now, if I could just apply the same logic to truck purchases, I’d be in great shape!