I'm selling these products on eBay. The price is £27 or best offer, of which I'm willing to settle on around £24. Pretty much all the buyers who simply Buy It Now at £27 or make a high offer of £24/£25 live in average-priced houses or at the lower end of the scale. The ones who make stupid offers of 50-60% of the asking price tend to live in more expensive housing of £750k+. Is that how they become wealthy? Are their minds built around scrimping over a few pounds? When I was 16 I worked Saturdays in a boutique mobile phone shop. It always amused my boss that we'd get customers who'd buy a new phone for £200-£250 and then they'd spend 10-15 minutes deciding whether to buy a 50p case for it.
A mate of mine last year spent about a day working out various combinations of train tickets in order to save £20.
That was £20 on a £10,000 holiday.
He's a millionaire and I am nowhere near. But I wouldn't have bothered to save £20.
So yes, I think there is something in the notion that some people care more about money than most of us. I don't think he accumulated his fortune by saving £20 every day (350 days in a year times £20 = £7,000 which is very nice but hardly Rockefeller) but perhaps it is that instinctive search for value, or maybe just awareness of it, that scales up.
A mate of mine last year spent about a day working out various combinations of train tickets in order to save £20.That was £20 on a £10,000 holiday.He's a millionaire and I am nowhere near. But I wouldn't have bothered to save £20.So yes, I think
I sold an item to a person living in a £15m house in Chelsea. She paid full price.
I don't usually waste my time checking on my buyers' property values but I did on this occasion because she's an actress.
I sold an item to a person living in a £15m house in Chelsea. She paid full price.I don't usually waste my time checking on my buyers' property values but I did on this occasion because she's an actress.
A mate of mine last year spent about a day working out various combinations of train tickets in order to save £20.
That was £20 on a £10,000 holiday.
Time is money and £20 is very poor pay for a day's work.
Where do you draw the line? Do you want to, say, spend a day filling in online surveys?
A mate of mine last year spent about a day working out various combinations of train tickets in order to save £20.That was £20 on a £10,000 holiday.Time is money and £20 is very poor pay for a day's work.Where do you draw the line? Do you want to
I recently put up This Is It by Michael Jackson at £2.75 because I paid slightly more at the boot sale than I normally do for CD's. Didn't think it would sell as World Books (I think) had loads for sale at £1.99.
I've started to notice I get better prices quite often,but have no idea as to why.
I recently put up This Is It by Michael Jackson at £2.75 because I paid slightly more at the boot sale than I normally do for CD's. Didn't think it would sell as World Books (I think) had loads for sale at £1.99.I've started to notice I get better
One days work to save £20 every day for the rest of his life seems a decent rate to me,iawn.
GJ - Maybe I misunderstood Ram's post but I thought it was one day's work to make a one-time £20 saving?
One days work to save £20 every day for the rest of his life seems a decent rate to me,iawn. GJ - Maybe I misunderstood Ram's post but I thought it was one day's work to make a one-time £20 saving?
That's right. Hours taken to save £20 on a £10,000 holiday. As a percentage it is nothing. I was agreeing (more or less) with the OP's musing that many rich people have a different instinct round money. Of course, saving money on tickets was a waste of time but if that same instinct means looking for a better deal on company offices then that could be worth tens of thousands a year. As with the OP's ebay sales -- getting a third off a £25 thingummy is nothing but if they also get a third off the price of a car, it starts to add up.
It is also irrational on another level. My mate would have done better to pay full whack or even more for a travel agent to do the work and spend the time making more money at the day job. But I guess you cannot turn it on and off.
That's right. Hours taken to save £20 on a £10,000 holiday. As a percentage it is nothing. I was agreeing (more or less) with the OP's musing that many rich people have a different instinct round money. Of course, saving money on tickets was a wast