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Is there anything as satisfying and comfortable as a fully depreciated asset?

January 5th, 2008 at 04:33 am

You know - old shoes, old cars, old clothes. The top of the list for me is my good old car, a 1995 Honda. I'm totally comfortable and familiar with it - everything falls to hand immediately. It's familiar like an old friend. But the best part is no car payments! I just can't see tying all that money up, even though I truly love cars and would be in heaven with a nice new high tech, responsive machine. But that's just not in the cards for me right now, even though for most people my age it is. Does it bother me sometimes? YES! It sometimes seems like everyone on the road is driving a BMW except me! And I know most of them don't drive it because it's "the ultimate driving machine", they just drive it for the status (not that there's anything wrong with that, although I'm guessing there may not be THAT many of you here to offendSmile) I would appreciate the superb handling and road feel, etc., but I could not tolerate the high maintenance costs. But that jealous feeling doesn't last long. I look around on the roads and see my kindred spirits, all the people driving comfy old cars, usually young college age kids. My favorite car of the genre is the 90-93 Honda Accord - man, most of those things still look new! What an investment! They just keep on going and going, and still look pretty stylish to my eye. So, every time I drive my car I smile inside thinking of the money I am not spending on interest and depreciation.

From there the scale goes down pretty quickly. There is the Dell computer from 2000 that is still cranking away. Before that I think I had the same computer during about all of the 90s. Then there is my 1988 bicycle that has given me more pleasure per dollar than seems possible. So then we get to the poster child for this subject, the old shoe! Now perfectly molded to my feet, it just feels so good! And the same for old clothes, both much to the chagrin of my wife. I love that patina of age, I wear it like a badge of frugality, within reason of course, I don't think I look like a bum, I just look comfortable. So anyway, depreciation is the silent killer!

1 Responses to “Is there anything as satisfying and comfortable as a fully depreciated asset?”

  1. Broken Arrow Says:

    Hmm! I never thought of it that way before. Normally, I'm too stuck up on net worth value. Big Grin Thanks for the perspective.

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