You are viewing a single comment's thread from:

RE: Future survival skills: are you techno - literate ?

in #technology7 years ago

This one of the best post I've read so far on Steemit. Absolutely capture some of my thoughts that have been going on in my head lately.

Everything that was invented yesterday is already outdated and the pace of technological advancement is so rapid that we cannot afford to stop learning. The opportunity cost is just simply too great.

  1. Technologies improve so fast you should postpone getting anything until 5 minutes before you need it. Get comfortable with the fact that anything you buy is already obsolete. Therefore acquire at the last possible moment.

You mention that the cost of depreciation is a financial drain. I would like to urge you to take advantage of the other side of depreciation. Everything that is a liability can be changed into an asset if you use them correctly.

If you are an employee, then owning a luxury car simply doesn't make sense because a huge portion of your salary will be spent on something that doesn't generate you a return. However, if you own a vis-vis a company and declare it as an expense, then you are essentially having an asset because you pay less taxes. If you love technological gadget and you not willing to give them up, all you have to do is to simply find a way around the existing system.

Once again, 2 thumbs up for the beautiful piece. Resteemed and upvoted!

Sort:  

Oh

Thanks for the compliment ! That does mean a lot to me!
Totally agree with taking advantage of depreciation, the last few years I do that constantly!
I love Mr Money Moustache's advice (discovered him through Tim Ferriss's podcast
"Why spend more on a car than you would for investing in your future?" you find it at in the recording [24:33]

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.038
BTC 97288.28
ETH 3596.14
USDT 1.00
SBD 3.87