Re: Buy every dip!

We might have differing definitions in regards to what is mandatory and what is discretionary. Many times we might want to live similar lifestyles as our neighbors, yet there still may be things that we have discretion over, whether we buy beans, hotdogs, chicken, pork or steak. I doubt we will necessarily agree which expenses are mandatory and which are discretionary, even though surely guys might even lie to themselves if they consider certain kinds of expenses to be mandatory when they are discretionary.. yet let's say that a person wants to have a flower business, and maybe there is delivery involved in the business, he might have discretion regarding how to deliver and whether he owns a vehicle, rents it or contracts it out and he might even have discretion whether to have a bicycle, or a motorcycle or a car or a van..and he might even have discretion whether to buy the 2002 model, or the 2012 model or the 2025 model.

You are right, for me I think In other to fine out the expenses that are mandatory and discretionary in our daily life is by checking our income just like the example you gave one may become confuse as which to buy but your income will help you determine that, like the example you gave if your income can only get you a bicycle I don't think you will be contemplating again on buying a car or a motorcycle however the only time you may be contemplating is when your income can afford you all that you have mentioned and at this point one can get confuse on which expenses are mandatory and which are discretionary so meaning the more richer you become the more confuse you will be in knowing which expenses that are mandatory and are discretionary.

I don't think that there is anything too difficult about knowing which item is mandatory for you to get and which is not. From elementary knowledge of finance and economics, the concept of wants, needs, and opportunity cost can easily be applied here and you can easily identify which item falls under what you just want, and which falls under what you need knowing fully well that your wants are insatiable in the first place. you can always push your wants to the future when you will be financially strong enough to get them while you meet your needs since they are part of what keeps you going as a person.

You are not following the discussion and the example JayJuanGee gave, there are some situation where you will find your self and you will become confuse on which expenses that are mandatory and are discretionary an example is the one that JayJuanGee gave if you are in that situation you can't just make a decision because you will think about the advantage and disadvantage of each item that comes in your mind which is that of the car, motorcycle, bicycle etc. And this will make it a difficult situation especially if you have the money to purchase any one you want however one of the things that limit someone is the lack of funds if you have only money for bicycle you won't have to think or find it difficult in making decisions because you have been limited by lack of funds.

If we can be honest to ourselves there are sometimes we get confuse on what we really want or need, it happens to me sometimes, if you feel is very easy for you then that's good for you everyone is not the same.
Just like JayJuanGee said we might have differing definitions in regards to what is mandatory and what is discretionary.