Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of LBYMBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of LBYMBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Personal Finance / Living Below Your Means
Unthreaded | Threaded | Whole Thread (5) |
Author: Manlobbi 🐝🐝  😊 😞
Number: of 71 
Subject: Re: Jeremy's LBYM ideas
Date: 02/23/23 11:30 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 5
Once upon a time, there was a man named Jeremy. Jeremy was a frugal person, always looking for ways to save money. But his frugality reached new heights when he decided to take the concept of "LBYM" (Living Below Your Means) to a whole new level.

I should add that, whilst most of the humour absurd in character - when the story reached old CD as plates and expired lightbulbs as cups - much of everything else Jeremy was doing in the tale was perfectly reasonable. Repairing items yourself, avoiding the over-purchasing of unnecessary things, using basic effective ingredients such as baking soda or vinegar, are all completely sensible.

I am occasionally dismayed by how much over-production capitalism produces. Last week I had to fill out a printed form for a private business (in this case, a bank) and since I almost never fill printed forms I didn't even have a pen. Fine, I was in the city so I thought it would be trivial to purchase one, and I checked once place and they only sold them in batches of 10 wrapped in plastic; I declined, not wanting to throw the others out, and tried another store, then a third, and instead trying a fourth I went to a cafe and borrowed the waiter's pen.

We are trained to admire how competition increases efficiency. For example, 243 brands of milk compete for a spot in a supermarket, 74 survive their first ten years in business, and 15 reach the shelves, and the consumer having a confusing choice of 15 copies of the same product. But through that extra replication, lower scalability, something in the order of 243 times more marketing expense, the huge time wasting from the non-shared research and non-shared manufacturing infrastructure, the system as a whole isn't anywhere near efficient as it is made out to be.

- Manlobbi
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to Manlobbi here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 70 posts about Living Below Your Means. The article-length ones it recommended most:
LBYM travel · 21 recs · 2022
Jeremy's LBYM ideas · 17 recs · 2023
Physical security while traveling · 10 recs · 2023
A taxi-ng situation · 8 recs · 2023
Unthreaded | Threaded | Whole Thread (5) |


Announcements
Living Below Your Means FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of LBYM | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community