I never believed the idea of always spending money to make money.
I used to think of it as a flawed concept.
It’s like people who delusionally think they’ll get rich just by spending money to purchase and resell junk they find at thrift stores and garage sales. The 10% of people who are successful with these sorts of “side hustles” are exceptions to the rule, not the standard. The reality is that most people who take huge risks do not come out fine on the other end. I was so convinced in this attitude of mine that it pushed me into being on the exact opposite end of the spectrum. There was a time when I could have traded in an old beater car that kept giving me problems. I had enough money and could easily make the monthly payments. The old car was horrible with fuel efficiency and it seemed to need repairs at least once a month. I could have saved myself thousands of dollars in the years following if I had simply spent a little bit of money—in my case—to save lots of money. When I was presented with the same scenario with my central air conditioner, I finally learned my lesson after all of these years and replaced my aged air conditioner with a brand new one. Sure, I had to spend in excess of $5k to get this new air conditioning system, but it already runs for half as much time as the old one to get to the same temperatures. I knew that I would be saving unthinkable sums of money after upgrading from the old HVAC system.