… and proud of it
As domainers and I’d say as investors in general, cheap bastards have an advantage in my opinion: their ability to say “no” when it comes to irrational capital allocation temptations.
Some or probably most people, whenever they have extra money, spend it on useless stuff.
A car upgrade they don’t need.
A new gadget they’ll use once or twice.
… you name it.
Cheap bastards would rather invest excess capital and it all adds up.
I’m not saying you should never buy a car or a gadget or something else.
Not at all.
A lot of times, especially in our case since we earn a living online, a good gadget or whatever can help us be more productive and ultimately make more money. I’m not talking about these things, I’m not talking about spending money on something that helps you make more money, in other words investing in yourself.
Investing in yourself is the smartest thing you could possibly do.
Quality food, a quality chair + mattress since you spend hours upon hours each day on them (I’ve actually written about this HERE), gadgets that improve your productivity and so on.
All of these are excellent investments.
But there’s a fine line between actually investing in yourself and *thinking* that you’re investing in yourself when, in fact, you’re simply desperately trying to figure out a reasonable way to explain an emotional and utterly useless purchase you made.
I always do everything humanly possible to fine tune my ability to make rational as opposed to emotional capital allocation decisions and this ability helps quite a bit in all areas of my life.
Even if you don’t want to be a cheap bastard like me, at least acknowledge that some of the principles I’ve outlined made sense and you’ll thank me laterAdvertisement: DomainingServers.com lets you host UNLIMITED domains at $0.98/month and we're putting a LIFETIME money back guarantee on the table (if you're not satisfied, we'll issue a full refund). To place an order, click HERE.