Cheap is expensive

What seems cheap is expensive! What’s perceived as expensive actually ends up being cheaper!

We talk long term but think short term!

I bought a flat a few years back and when I was doing the interiors my cousin who is an interior designer himself helped me in settling things for me! Getting an expert on my side was actually very helpful!

When we went to search for curtains, he took me to a showroom at Triangular  Park (in Kolkata) and this shop had some awesome collections! But as you can realise it was very costly! I was not very sure of that purchase but my cousin told me to think long-term! 

” You are already spending quite a bit in your interiors and this addition not only gives a better look, but it will also last a hell of a long time “! he said.

It’s been 5 years and my curtains are still hanging as if they are new! 

My cousin was telling me that one of his customers was not ok to pay for expensive sets of curtains and they went for the curtains from their local shop! What happened was that in the next 3 years they had to change their curtains twice!

I see this happening a lot with people in India while changing their old tyres in four-wheelers! To save costs they sometimes go for refurbished tyres and sometimes they opt to change only two tyres! What happens then is that the two older tyres ensure that these new tyres get old quicker and within a year they have to replace 4 tyres!

In the share market, especially many newbies think buying shares of companies whose share prices are very high is “Expensive” and penny stocks are “Cheap“! The fact is good companies will cost you a premium but in the long run, the results and your wealth will be unimaginable!

What you think is cheap today will make you feel like a fool a few years later!

What you think is expensive today will turn out to be a great ” deal ” when you compare it a few years later!

Just like stock market investments, when you purchase any useful gadget think long-term. When you purchase an electronic gadget don’t settle for the lower-end model because one year later you might have to spend again! Better buy the top-of-the-shelf product which can give you long-lasting pleasure!

Please don’t mistake this post as if I am promoting things to buy on EMI! You should only buy things which you can afford and that could mean postponing your buying plan but don’t settle for stuff which will give pain in the future!

As the saying goes, short-term pain leads to long-term gain!

What’s your recent purchase where you thought long term and made the decision? Let’s share our experiences and learn from each other!