What Things Are Just Not Worth The Money?

Trying2SaveABuck on 02/05/2023 - 22:37
Last edited 03/05/2023 - 10:24 by 1 other user

Was chatting to a Rich old bloke today who owns a Ferreri he is in his 70s and has had this car in his man cave for decade that essentially he never drives, he admits the car is over a decade old and has less then 5000km on the odometer….

He was saying a annual service could easily hit 3k and my reponse was but 'you never drive the car…why what is the point'

his reponse is 'i cant drive it around here becuz id be too scared to park it and leave it' [Western Suburbs of Melbourne]

i said fair enough but it seems kind of 'pointless and expensive'

what shocks me is this guy is 'wealthy' but he is also a giant cheap skate so for him to blow money on this had me a bit shocked

Got me thinking what do you own or what do other people you know own or blow money on that you just think what a waste of money…..

General Discussion

Comments

      • ceej11 on 06/05/2023 - 06:31

        so, not /r/ausfinance then?

        • Trying2SaveABuck on 06/05/2023 - 08:18

          not this, matter of fact i havent posted a article/topic on r/Ausfinance since it has gone full woke

          feel like the r/Australia communist have ruined that forum i do a little on r/AusHENRY but thats about it

  • wimphrel on 05/05/2023 - 20:10

    I reckon the Ferrari was his dream when young. Probably spent 30-40 years being a cheapskate & investing wisely or working hard to afford one. When he could afford it, he finally pulled the trigger & it's a constant reminder for them on how hard they've worked to achieve that dream. It's more like a trophy than a transport mechanism.

    I could see myself doing that one day with a Porsche -> having a car I've always wanted in my garage & admiring it. Be too damned lazy to get in and out of a low car at 70.
    Hell I already hated getting into the cheapo sports cars (Mx5's, BRZ) at 35!

  • Hahuh on 06/05/2023 - 00:15

    Someone stole your post

    https://www.reddit.com/r/ausfinance/comments/1385381/_/

    • Trying2SaveABuck on 06/05/2023 - 08:26

      lmao thats not me but someone did steal it

    • Protractor on 09/05/2023 - 09:41

      Good pick up.
      Stolen? Don't think so.

      Serial spamming or trolling maybe

  • bobolo on 06/05/2023 - 10:22

    This is a pretty stupid question. Things that aren't worth the money to you doesn't mean they're not worth it to someone else.

    I own some high end cars and drive them almost daily. Some people I know never drive them but still spend time in the garage to appreciate the design and beauty. Some appreciate in value. For some having $500k collecting dust in a garage is so insignificant its not worth thinking about

    Same goes for every other material thing out there

    • nobro25 on 06/05/2023 - 12:22

      Well yea… It this way some rich people can buy a multi million dollar painting just to decorate their house.

  • John Kimble on 06/05/2023 - 10:49
    -1

    This is a pretty stupid question. Things that aren't worth the money to you doesn't mean they're not worth it to someone else.

    What do you mean? That is the exact question the OP is asking.

    What Things Are Just Not Worth The Money?

    what do you own or what do other people you know own or blow money on that you just think what a waste of money…..

    • bobolo on 06/05/2023 - 12:24
      +1

      Yes. I am well aware of the question. And the answer is literally every single thing on this planet.

      If you're not into cars, you're going to think expensive cars are a waste of money
      If you're not into computer games you're going to think high end graphics cards are a waste of money
      If you don't drink you're going to think expensive wine is a waste of money
      If you're not into cycling you're going to think $10k road bikes are a waster of money

      and on and on and on and on for literally everything on this planet. So yes - a stupid question

  • rogerwilko on 06/05/2023 - 10:59
    -1

    Amazon prime after price increase.

  • nobro25 on 06/05/2023 - 12:20

    Dude just has that car so that when people come over he can flex. Also probably keeping it for vintage purposes.

  • Brick Tamland on 06/05/2023 - 18:08

    Aftermarket exhaust systems. For example. A full Akra exhaust system for a Ducati V4 Streetfighter motorcycle is $14K. Thats 40% value of the bike. Mental.

  • quick-dry on 06/05/2023 - 23:44
    +1

    based on how you value things, anything more expensive than the chapest good to accomplish a set task is wasteful - maybe more expensve tools are worth it if you work them hard and need more durability to avoid replacement cost.

    But that guy surely derives value from just looking at his Ferrari, simply having it is a benefit in itself. I have a car that doesn't get driven. I just enjoy the thing - they're a little like pieces of art. You appreciate them for qualities beyond the "gets me from point A to point B".

    I don't strictly need a full frame camera, but I enjoy the process of taking photos. It could be done with cheaper gear, but would that gear be as enjoyable to use even if I could make the opicture of the same quality.

    • Brick Tamland on 07/05/2023 - 09:54
      +1

      But that guy surely derives value from just looking at his Ferrari, simply having it is a benefit in itself. I have a car that doesn't get driven. I just enjoy the thing - they're a little like pieces of art. You appreciate them for qualities beyond the "gets me from point A to point B".

      Exactly right. I get the same joy as riding my motorcycle as cleaning it and maintaining it. I don't need to be physically driving/riding the thing to derive joy/value out of it. I think non-car people dont really get that.

  • Dack Smith on 07/05/2023 - 08:41
    -2

    Tesla Cars

    Anything designer and fashionable

    Governments

    Politicians

    Jewellery

    Chinese manufactured goods

  • lostgoat on 07/05/2023 - 08:56

    If your a smoker full price cigs.
    Every smoker knows cheap untaxed tobacco is at nearly every corner.

  • Mysterious on 07/05/2023 - 10:32

    what shocks me is this guy is 'wealthy' but he is also a giant cheap skate so for him to blow money on this had me a bit shocked

    And that is why he could afford this car probably. A lot of people spend the bare minimum so they can afford the luxuries they like.

  • Protractor on 07/05/2023 - 10:38

    Not worth the money?

    Rice cookers
    Non stick shite
    TVs over 55"
    Rechargeable batteries /chargers
    More solar panels than you need for a non greedy lifestyle
    Designer dogs
    Cats
    Cars for status
    Children for status
    Any clothing a chav or Eshay wears
    Local government. (Abolish it)
    MSM news(cough/cough) content in any format
    AUKUS
    Religion

    • Trying2SaveABuck on 07/05/2023 - 11:42
      +1

      TVs over 55"

      hard disagree bump that to 65'' and you might win me over….

      MSM news(cough/cough) content in any format

      although i agree but i'd say ABC and SBS are not worth the money the ABC in particular offers no benefit to the wider community and has become a cesspool for activiest pretending to be journalist

      Religion

      technically this is 'free' in most cases - sum r probably more a scam then a rip off

      Cats, Designer dogs

      why cats and what the hell is a designer Dog

      Rechargeable batteries /chargers

      but but but Ozbargain Enloops deals are part of induction

      • Protractor on 07/05/2023 - 11:53

        Religion costs the planet plenty. We also sponsor it through tax and perks..
        ABC is full of gender actvists and misandrists overstating 'oppressive' Australia.But I think SBS and ABC have a great content if you look. I'm not talking their socially ideological activities

        Eneloop @ Ozb is also a pseudo religion!
        I forgot air fryers. Also a deity here/

        • Trying2SaveABuck on 07/05/2023 - 12:23
          +2

          for the record i didnt down vote you

          Religion costs the planet plenty. We also sponsor it through tax and perks.

          you might be right - i blame the media though becuz i have seen relgious groups do a lot of good Christians, Sikh, Islamic faiths during COVID do a hellof a lot of free food, free shelter and support for those in need but the ABC does nothing but bash on people of faith but personally i have seen them good a lot of good

          ABC is full of gender actvists and misandrists overstating 'oppressive' Australia.

          i agree it is why it should be 'defunded' the ABC entiire job is to provide and unbiased account of events and it fails to do this

          i also find these same activiest tend to scream for inclusivity but are generally the most racist and un-inclulsive people on the planet

          Eneloop @ Ozb is also a pseudo religion!

          ALL HAIL ENELOOPS

          • Protractor on 07/05/2023 - 18:06
            -2

            @Trying2SaveABuck: Religion doesn't need tax payer money, nor rebates etc. You can do good with your own religions money. They already influence too much policy. They are multi billion dollar enterprises.They can stand on their own two feet.Catholicism is WAY over-represented in money from taxes and tax avoidance, direct influence on policy
            Australia is secular.I'd like the ABC to represent the fact. The RC church should have lost all perks when they repeatedly covered up the pedo cult, and threw so much money at defending,moving,hiding denying.

            Nope not for defunding the ABC.Piss Buttrose off. They should be reporting, teaching, exposing but not steering. They should report yes, but not advocate etc. A lot of their good work is needed in the absence of an ICAC.
            Reform media laws before any ABC reform. The MSM is toxic, and shapes our destiny by way of shite and deliberate manipulation of science..
            I'd like more independent oversight of all media.Murdoch should be made to decide whether he wants to be a social engineer, and lose his license to operate here. Or adhere to truth in news stories. He was a wrecker of action on climate change who published decade+ of blatant lies and propaganda. I hope his new wife and the upcoming law suits wipe the floor with him.Or someone hacks his emails and txts and uploads them

            • Trying2SaveABuck on 07/05/2023 - 20:47

              @Protractor:

              A lot of their good work is needed in the absence of an ICAC

              we have a IBAC in victoria it has found the state ALP guilty of corruption on multiple counts an number of people have been thrown under the bus but Dan Andrews remains - note has has been investigated 4 times for all different charges

              I would like an ICAC but i reckon it is somewhat pointless if it 'has no power' any form of direct corruption should see the sitting party members involved thrown in jail let alone kept in power

              Nope not for defunding the ABC

              nah money could be better spent

              The MSM is toxic, and shapes our destiny by way of shite and deliberate manipulation of science

              i agree but the ABC is no better - id argue it is 'worse' becuz until private businesses there is no financial accountability the ABC has been sued and wasted money in multiple occasions all at the foot of the tax payer - IMO the ABC is the most toxic organisation in Australia

              the general public knows the MSM can be unrealiable but i feel there are still a lot of ppl who think the ABC is the gold standard for news opposed to seeing as the tabloid journlism it is

              Murdoch should be made to decide whether he wants to be a social engineer, and lose his license to operate her

              this is a tricky one i dont 'trust' murdoch but i also feel like the average simplton just screams it is murdoch press so it is bad opposed to ever looking at facts or reason esp those on the hard left

              i dont see the difference between ABC and Murdoch for you to defend one and attack the other is strange - bar one key difference tax payers pay for The ABC they are both pushing agendas and skew the truth - in the last couple days ABC has done nothing but moan about the Monarchy and first nations whilst the MSM has been throwing 'god save the king' everywhere - to me they should be reporting on the kings coronation without bias we are a consitutional monarchy perhaps one day we wont be but the fact our public media has used this and the Queens death as a push for a referendum makes me sick and i personally support a Republic [perhaps after this my views have changed]

              i agree Murdoch has 'too much power' but i also thing Hollywood has too much power influencing the masses via its media - money means you have power id rather the money be privately funded opposed to my tax dollars

              regardless i'd defund the ABC tomorrow if i could, id have a much stronger media regulator to ensure the MSM has unbiased outlet which is kept incheck with serious fines and even jail time - obvisouly we will always have our tabloid merchets ie Sky News etc

              the last thing id do is take the billions wasted on ABC and SBS and put it into the public health system and maybe evern social housing or 'affordable' housing

              i will never understand why anyone supports the ABC im not a fan of Murdoch but im not a fan of wasting tax payer funds on unbias media more

              i do think the public is slowly turning on ABC though i have seen more and more people 'fed up' with there propaganda similar to people getting fed up with Sky News

              • Protractor on 07/05/2023 - 20:56
                -1

                @Trying2SaveABuck: I'm defending SOME elements of the ABC but none of the MSM. And less than NONE of Murdoch. The guys content is toxic.
                And therefore we fundamentally disagree.

                But you lose me even more wanting to gut SBS and ABC to pass to the health and housing system in the light of AUKUS and the American invasion.Not to mention just pure greed of opportunistic elements in real estate from (many) developers,agents and landlords.
                And now even more foreign housing ownership to house students to bolster uni troughs.+ 700,000 new migrants mid housing crisis and cost of living crisis.Madness.
                As if energy,food,fuel,rent or any other cost of living excess is heading south because we have more consumers enter the fray. As if the problems in health will improve etc. There's too many bloody people already.Everywhere That's the problem

                • Trying2SaveABuck on 07/05/2023 - 21:59

                  @Protractor:

                  health and housing system in the light of AUKUS and the American invasion.

                  AUKUS is probably a waste of money but what the 'ABC' which is clearly where you get your news from failed to mention it is a budget neural operation meaning it is 'funded' but the current military budget ie no new funding just diverting funding from other projects - is it a waste of money maybe im not a 'military expert' i dare say any spending on military matters the hard left would say is a waste - im impartial i kind of agree 8 subs are not going to make a big difference in a war with another super power but i guess the 'real' value is in the Alliance it binds us too - weather you agree with it or not it has been supported my military experts and imho their opinion means more then mine or yours and any Politican.

                  i personally dont support itas i think future warfare will be more AI then 'boots on the ground/land/sea' - however im well aware im not qualified to have an opinion on how we best spend money on military matters im generally 'anti-war' but im not blind enough to see that you need some kind of defence

                  Not to mention just pure greed of opportunistic elements in real estate from (many) developers,agents and landlords.

                  i dont know what this has to do with ABC or SBS but i agree greed and shady dealings hurt the property markets equity - goes both ways onceagain you never hear this on the ABC or MSM but there are a hell of a lot of 'bad tenants' and the current property 'downturn' is actually showing why property investors are important to the rental market with renters struggling the most but once again the ABC or MSM wont tell you that….

                  now even more foreign housing ownership to house students to bolster uni troughs.+ 700,000 new migrants mid housing crisis and cost of living crisis.Madness.

                  i agree - the ABC/SBS supports the influx of migrents and has always called for more immigration esp humanitarian immigration - thus lays my issue the media should be giving the facts on issues like this andthe 'pros and cons' opposed to skewing the 'truth' - this is one of the main reasons i dont call the abc journalist as they act more like activiest then journos which is dangerous

                  ill flip this to the MSM which has questioned where this influx of people will live and the affect on our current crisis- however i do feel that are using this angle as more of an anti ALP angle but at least they bring up the valid point until our 'nation boardcasters'

                  As if energy,food,fuel,rent or any other cost of living excess is heading south because we have more consumers enter the fray. As if the problems in health will improve etc. There's too many bloody people already.Everywhere That's the problem

                  Energywont improve i support reducing carbon but this will come at a cost unless we go more nuclear which we will have too but that will take a long time to change public opinion

                  cost of living will get worse not better esp under this current government the focus to all 'short term' and political points scoring oppose to making the changes needed

                  health crisis will only get worse we have an aging population living longer and the NDIS is out of control cost-wise if you think this problem will 'get better' magically you are very mis-informed - in addition more people coming to australia means more 'strain' on our current services….

                  i once again ask what is the benefit of ABC/SBS i count almost none - i agree with you dis-likefor the MSM but the ABC is not better and i'd argue much worse

                  you are entitled to your opinion but in no way have to mentioned any 'real' benefits for billions we spend on SBS/ABC every year - the answer has to be more then ABC kids and the world cup ever 4 years ….

            • Protractor on 09/05/2023 - 11:09
              -1

              @Protractor: Thin skins abound. Truth burns

  • drfuzzy on 07/05/2023 - 14:01

    A better question is: what percentage of your income should you attribute to certain things? If allocating 30% of your income to a owning a home is perfectly reasonable, then whether you own a $500k home or a $5m home is a question of what income that is.

  • ihbh on 07/05/2023 - 15:37

    Was chatting to a Rich old bloke

    It's all relative.

    The owners of an established mid-sized retailer (I see 5 stores in Sydney with a quick Google) had an open home to sell their home around a decade ago - was asking for $10m. They are down the street so I had a sticky beak because I love the design of their period home and it's well known.

    In one of the many garages was a Ferrari F1 racing car. I bet the bloke has never driven it because … I don't know what's involved with driving an F1 car on the streets Plus the guy is old too.

    But he might have so much money that he's happy just hopping in the car every now and then or just polishing the spots the polishers he pays misses.

  • Protractor on 08/05/2023 - 15:41

    Lawyers

  • kev98 on 10/05/2023 - 20:57

    Aesop

  • TheKas on 11/05/2023 - 11:34

    European Cars

  • AlienC on 15/05/2023 - 07:20
    +1

    Pc gaming and food are the only expenditures in my life that are for me out of control.

    Can definitely knock both down expense wise but they are also really my only leisure outlets so yeah.

    Having said that I'm definitely going to treat myself to some good expensive food later today.

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