Michael Estrin from AskMen.com and Liz Pulliam Weston from MSN Money wrote two articles of the same topic: where used items deliver more value than brand new ones. What makes to the list:
I agree with most of the selections. For example, I haven't bought CD, DVD or books at regular price for more than two years now -- you can almost always get 50% discount or more at eBay. Both of my cars were bought as used, same as my house. My wife and I also have good appetite for garage shopping.
What I cannot agree are two items. First, jewelry. I know the huge markup by jewellers, and I will advocate comparison shopping when it comes to jewelry, but I cannot imagine someone will buy a used engagement ring for his fiancé. Sometimes, it is not all about money.
Second, I am not convinced I should buy tools as used. Yes, a used mower may look and work like new, but how can one know whether it hasn't been repaired before, and whether there are any safety risks. To be a cheapskate, I'd rather buy a factory-reconditioned one (like my desktop computer) instead of risking my life for limited savings.
What It Takes To Become A Millionaire(January 11, 2005)
PFBlog is about an I-want-to-be-a-millionaire journey, and if you want to start a similar journey, take a look at this quick article of What It Takes To Become A Millionaire from Darren Woodard. Read
Seven Ways to Stop Saying 'Oops!'(November 21, 2004)
Want to start your quest toward early retirement but don't know where to start? One way is to avoid the common mistakes. Take a look at these seven popular misconceptions identified by Jonathan Clements in his WSJ column. Read
How to Save $150,000 (And Still Have a Life)(October 12, 2004)
Finally, SmartMoney brought online this cover story of the August issue. I have always been eager to recommend this (long) article since the moment I read it. It is, indeed, a very good reference on how to save big, and -- as the title mentioned ... Read
Continuous Compounding Isn't Worth Much(September 13, 2004)
When you open a savings account, you will probably notice a line in the disclosure saying interest is compounding daily, weekly or monthly. Besides the interest rate, the frequency of compounding also drives the actual yield of the saving. If a financial institution offers continuous ... Read
I have to disagree on the used tools. I've had only great experiences buying used tools on ebay, and saved hundreds in the process. It's especially worthwile if the brand is reputable, and you can verify that the model being sold is a recent one. I can understand your apprehension with regards to safety, but sticking with solid brand names significantly reduces this risk. For non-power tools, this is certainly not an issue.
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