Sometimes I have to recognize that someone else can explain things better than I can.
The late Sir Terry Pratchett was one of my favorite authors. He created a world (Discworld) that was so detailed, thorough, thought provoking, and fun. One of my favorite characters is Sam Vimes, a very simple yet complex man who sees things for what they are. In 'Men at Arms', Sam explains the “Sam Vimes 'Boots' theory of socio-economic unfairness”.
“The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet."
Which type of 'boots' are you buying? Can you organize your finances to start buying better quality items? It will be cheaper in the long run. Remember, expensive does not always mean high quality - know what you are buying.
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