Is it an asset or a liability?
By dudsdoojaxi1
@dudsdoojaxi1 (166)
Philippines
August 16, 2010 9:20pm CST
I have a hard time with someone because he likes to buy stuff from pawnshop or thrift store and consider it as an asset. Sometimes he pays it in installments. After a few weeks the stuff gets worthless but he doesn't care because he bought it cheap. I consider his stuff liability.
7 responses
@bokal2703 (802)
• Philippines
17 Aug 10
I think it is liability because the quality of the product that is being sold in that store may be compromised. For example, when buying gadgets like cellphones or laptops. I'd rather buy a not so high end one but brand new, rather than buying a second hand high end cellphone. I believe that it wont be sold to a thrift store or a second hand shops if the first owner find it so good. So i think it is a liability to buy stuffs like that.
@vikkitita (194)
• Philippines
17 Aug 10
Well, not everything that you buy in thrift stores, pawnshops and garage sales are low in quality and worthless. You may also be able to find some good quality stuff at less cost. The subject must have experienced that, and found joy and satisfaction in having saved a lot of money if he had bought same item at the store at a high price.
I have experienced that same feelings too... the pride and joy of having saved a lot of money when I have bought a stuff that was very good in a thrift store which was half the price if I have bought the same at the store. I even tend to show it off to my friends and take more pride in myself of having been a wise buyer by announcing how much I just spend for the stuff.
Items found at the thrift store where sold there by their original owners for different reasons. I do not agree that the original owners sold it because they found the item not good. Some of them, maybe...but not all of them. Wouldn't you consider selling your stuff too if you want to upgrade what you have with a higher or more recent model?... or you're just in dire need of money?...or you do not need that stuff anymore? ... and if you were the one who was able to buy that stuff at half the price or even less, wouldn't you be happy too?
@bokal2703 (802)
• Philippines
17 Aug 10
well, you've got a strong point here, I guess I have to reconsider... =)
@davenhearst (327)
• Philippines
17 Aug 10
ob course it's just expenses only in his part his money goes in useless things only
@ladygator (3465)
• United States
17 Aug 10
I would not think that to be good. Less is more most of the times, I have learned over time to have a clean tidy and non cluttered home. I hope he stops creating liabilities for you.
@macdingolinger (10386)
• United States
17 Aug 10
It really depends. For instance, if he is buying something that is useful and saving quite a bit of money at it, then it's an asset as it is worth more than what he paid. If he is buying something at a good price and not ever using it then it is a liability. But this is true whether it is purchased at a pawn shop or a regular store! It all depends on buying what you will really use.
@czanwell_30 (717)
• Philippines
17 Aug 10
Well buying jewelries in a pawnshop is an asset for me because my friend has a business like buy and sell. He buy pawned jewelries and sell it in a much higher price. Same with cellphones, digicams, motorbikes, car, psp and computers. That is his only income and he can support his family just by doing that kind of stuff.
@frontvisions101 (16043)
• Philippines
17 Aug 10
Well, i've always looked at it this way, if the thing always causes me trouble more than pleasure then i consider it a liability.
