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<p>[QUOTE="Vess1, post: 1341538, member: 13650"]If this is the case, maybe you have no business going to auctions at this point?</p><p><br /></p><p> One thing you need to learn is that the rich aren't 'rich' because they like to blow money. Many low end millionaires live lesser lifestyles and have cheaper cars than your average middle class person. They likely will try to save money on things much harder than you. That's how many of them accumulated it in the first place. </p><p> It's all about how you want to live your life. I'm not saying their way is right or wrong. They may live like paupers and let their decendents who didn't work for any of it, inherit it all and blow it. Some of these people waste their entire lives being greedy and obsessing over it.</p><p><br /></p><p> I lean more towards wanting to enjoy life than hoarding money for bragging rights. (I'd rather have a $100 coin than $100 sitting in savings at 0.1% interest.) Not only because life is short, but because dollars you save today are going to have far less buying power in the future than they do now. As has been proven. It's a losing game. </p><p><br /></p><p> Not only that but there isn't much return on anything these days anyway. Nowadays, a high yield savings account is 0.9%. lol Anybody with a little life experience can see how much of a joke that is. You'll even lose money putting it in a CD now. I feel bad for retirees. Don't think theres too many 7 to 13% returns being promised like people were saying 10 years ago.</p><p><br /></p><p> Anyway, to get back on track here..... there's rarely good deals at auctions. Too many people. Too much money. A lot more factors compared to an ebay auction. People had to drive there. Stand around for hours. Showmanship. You're begging to pay more for stuff going to them. As someone else said, you would probably make more buying some obscure item like old cameras than trying to beat 10 people holding redbooks, buying coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1341538, member: 13650"]If this is the case, maybe you have no business going to auctions at this point? One thing you need to learn is that the rich aren't 'rich' because they like to blow money. Many low end millionaires live lesser lifestyles and have cheaper cars than your average middle class person. They likely will try to save money on things much harder than you. That's how many of them accumulated it in the first place. It's all about how you want to live your life. I'm not saying their way is right or wrong. They may live like paupers and let their decendents who didn't work for any of it, inherit it all and blow it. Some of these people waste their entire lives being greedy and obsessing over it. I lean more towards wanting to enjoy life than hoarding money for bragging rights. (I'd rather have a $100 coin than $100 sitting in savings at 0.1% interest.) Not only because life is short, but because dollars you save today are going to have far less buying power in the future than they do now. As has been proven. It's a losing game. Not only that but there isn't much return on anything these days anyway. Nowadays, a high yield savings account is 0.9%. lol Anybody with a little life experience can see how much of a joke that is. You'll even lose money putting it in a CD now. I feel bad for retirees. Don't think theres too many 7 to 13% returns being promised like people were saying 10 years ago. Anyway, to get back on track here..... there's rarely good deals at auctions. Too many people. Too much money. A lot more factors compared to an ebay auction. People had to drive there. Stand around for hours. Showmanship. You're begging to pay more for stuff going to them. As someone else said, you would probably make more buying some obscure item like old cameras than trying to beat 10 people holding redbooks, buying coins.[/QUOTE]
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