- Feb 4, 2013
- 28,175
"afford" - that is a pretty hard term to define. There are opportunity costs with everything, and what exactly turns out to be the right decision will not be known for years down the road. If the Apocalypse never comes along, will my wife and children be better off if I spent the money for scopes, guns, etc., on life insurance or an income producing asset?
There is an opportunity cost to everything. Buying $50,000 worth of firearms, optics, and ammo on a credit card is a brilliant move if the world we know ends tomorrow. No worry about paying off the creditors, etc., and you are now the top dog in the neighborhood with all the firearms and ammo.
Does afford mean buying the firearm/optic before buying health insurance, funding a retirement plan, funding a college fund for children, paying off a home mortgage, etc.
"afford" - the definition to everybody is different. I can afford it because I still have credit on my credit cards. I can afford it because I have $2,300 cash on hand. I can afford it because I have $2,300 cash on hand, the kids' college funds have been maxed out for the next 5 years, and my retirement plans have been maxed out, I can afford it because I have $1,000,000 in the bank, I can afford it because I know the zombie apocalypse is coming next week and it is now a necessity and not a luxury.
Sorry, I am working through some CPE on financial planning, retirement planning, estate planning, and alternative investments. "afford" is a topic that is discussed a lot in the courses.
Hell, I want to be able to "afford" things because I have reached financial independence wherein my money works so well for me that it makes me enough money every year that I cannot spend it all. I'm just not there yet.
"afford" - what exactly does it mean? Something different for everybody. I also find that a lot of people just cannot shoot, with whatever optic they have on their firearm. A $2,300 optic on a $3,000 gun does not mean you are hitting the 10 mark with each trigger pull.
Wordy, but that was my point.
My affordable is not yours.
Part of it is like insurance. You put money into the systems in call of the apocalypse, but it might not happen. So you have to balance cost versus benefit.
And that changes. What you can afford now, is not the same as 5 or 10 years from now. It might go up or go down.
But I try to afford buying cheap, as I end up with junk, and have to buy again. The old Buy once, cry once. I had seen it too many times, in too many areas.