Why I Buy-Another Philosophy to Live By

Essentially there are three things people take under consideration when making any buying decision.

1) Do you need it?

2) Do you want it?

3) Is it a good deal?

Apply this to anything. You need to buy food. You may want to buy a new TV. You might be at Barnes & Noble checking out the books on the discount table and see one that looks interesting and at $5.99 is a good deal.

Now add another dimension. Use the 2 out of 3 rule to make buying decisions. Ask yourself the three questions above. If you can answer yes to two of them...go for it. If you can answer yes to all three, even better!

It's lunch time. Your hungry. You need to eat. You want a Beef n' Cheddar from Arby's. Is it a good deal. Probably not. But two out of three applies. Buy it! While you're at it, add some waffle fries and a Jamocha Shake!

Need gas for the car? You may not want to buy gas as you can think of a bunch of other things to spend your money on, but you drive down the road and find that the Kroger Gas station is 7 cents cheaper than the Shell across the street. You're getting a good deal! Fill 'er up!

That new 3D TV? Do you need it? Maybe not. Do you want it? YES! Is it a good deal? Best buy has 36 months same as cash? Yes? Make the buy!

Just another philosophy to live by.

I have more! http://jiresell.blogspot.com/2009/05/three-philosophies-to-live-by.html

Special thanks to Erik Kuselias, co-host of The Morning Drive on The Golf Channel.

Three Philosophies To Live By

I have been thinking about life lately.

I think I have come up with the three philosophies that sum up my views on life, how the world turns etc. Time to share:

1) "Do unto others as you would have them do unto you." Known as the ethic of reciprocity, or more commonly known as the Golden Rule. Tough to live by in practice (and I admire those that live by this daily), but wouldn't the world be a better place if everyone practiced this philosophy?

2) Survival of the fittest. This may seem a bit in conflict with philosophy #1, (for me #1 applies to basic human needs and rights) but I actually believe in this as it pertains to the economy, the environment etc. I don't think we should put artificial policies in place to "prop up" businesses or economies that are on the brink of failure. Let the markets sort things out, which leads me to:

3) The law of supply and demand. Capitalism at it's best. Prices change based on this fundamental economic law. Businesses succeed when they understand this. Innovation and ideas get generated when someone recognizes a need in the marketplace. I believe you can tie this to philosophy #1-if there is a fundamental basic human need (ex. disease to cure, human condition problem to solve), individuals or organizations will and should find a way to fill that need.

Just some thoughts....what do you think?

Signing off.........Jiresell