Originally posted by TheSockPuppet:
[QB] Now is the time NOT to buy a piano or anything you do not absolutely need.
Ever heard of the paradox of thrift? If not, google it. Banks have been infused with billions of dollars. Are they hoarding it or sitting on it? Heck no. They are buying distressed assets right and left. They aren't loaning it out like they were supposed to, but they are taking advantage of the biggest buyer's market in half a century. You should too.
In these uncertain economic time [sic], now is the time for you to worry about your bank account
Why? Money in the bank is like a pile of firewood. It does little or nothing unless you do something with it. You can stare at it and worry about it and watch it rot, or use it (metaphorically speaking) to fire up a furnace and start an industry.
not the piano salesman's.
The piano salesman doesn't want you to worry about him. He exists to help you solve your problem. If you walked into my store, I'd probably sit you down and teach you a bit about what money is and is not before I tried to sell you a piano. If you worry about money, you don't understand it. When you convert your money to assets that work for you, the peace of mind that comes means that you've made an informed decision.
As a piano consumer, or consumer of any kind, you never should worry about the welfare of the salesman.
Can I take that a step further? You need to strike the word "worry" from your vocabulary. Worry is, simply, "fear of the unknown." If you don't understand money, then money owns you. You are frozen and you pick up the herd mentality. You hoard it when everyone else is hoarding it and it loses value faster.
In a herd mentality, never do what the herd does. During the bubble, the herd was motivated by greed. Now, during the panic, the herd is motivated by fear -- advocating just the advice you are dispensing. When everyone hoards enough cash, the value of cash will plummet. A deer caught in headlights usually gets run over.
The consumer and salesman have opposite interests.
I agree. My interest would be to help you make an informed decision based on knowledge of the facts. Your interest would be solely in price, perpetuating the illusion that your problem gets solved at the moment you pay for something. However, the transaction is only the beginning. It's the return that makes you wealthy. Wealth can't always be measured in dollar terms. Sometimes the return comes in inspiration, which would make you an entrepreneur.
Only a salesman would tell you otherwise.
Yep. Can't agree more. You are all about price paid. If you buy a cord of firewood but don't know how to make fire, then you better not pay too much for it.
Even though I am no longer in sales, I always felt that a piano was an investment in peace of mind. Peace of mind (freedom from worry) is in really short supply these days. Buying a big wooden three-legged box that requires no electricity to operate seems like a wise investment to me because each time I use it it forces me to be creative. The notes I hit or the interpretation I express through my fingers is the definitive act of problem solving.
I can also help you with your golf game.