I was talking to a person who literally had over 1000 different domain names under his portfolio. Basically, he registered all these names back in the day when domain names were selling for a whole lot of money. Since then most of them are now just regular domain names where no one is likely to pay say six figures for it. However, he continues to renew all of them just incase something does come up.

In many ways it kind of reminds me of various types of insurance where you continually renew it as it is one of those just incase scenarios even if it is something that is rarely likely to happen. Makes you wonder where you draw the line though. Like in this case I think you are more likely to make more money simply by not renewing everything all the time since the chances of selling it at a high price is so low.

I have heard of this before and to a certain I agree where for a lot of people most of their spending habits are directly influenced by the type of people one regularly associates with. Example, rowdy people are more likely to spend a lot of money on parties and high fashionable items.

So just recently a person told me that he was going to try and alienate a large portion of his friendship circle for a few months and only hang around people who are debt free. Therefore, he wants to see if this will actually make a significant improvement to his financial situation as maybe their habits will rub on to him too.

I never had to do anything like this. One thing is for sure though, whenever I hang around people who just seem to spend spend spend I will naturally tend to spend a little more too as many times you don’t want to come across as being say rude. Example, if someone orders like a huge meal and you are not hungry you will be inclined to order something just to not make them feel awkward.

I’m interested in seeing how this turns out for him.

Recently I was with a group of people and a conversation came up about maintaining ones health and one person was saying how he can’t eat too much of a particular item otherwise he will gain weight. Now she seemed like she did a lot of physical activities too and so you would think one wouldn’t have an issue with things like that. Afterwards I realized that she was into things such as smoking and drinking alcohol. So in my mind I thought that kind of explained some points about the weight issue.

At the same time, she was also talking about finances and how she tries so much yet it seems like it is such a challenge to stay balanced at the end of the month. I was just thinking about her habits though such as those cigarettes and how that is probably one huge monthly expense alone. I’m almost inclined to say that it would be close to a monthly gas bill for people who drive a car.

I personally dislike some styles of budgeting where people create charts outlining if you do two things good to save money then that means you can do two things that are bad in terms of spending it. Hence, you are always just breaking even. Is that really a good way to manage your finances though? Would that make sense in say a business where the strategy is if you get one happy customer then that gives you one customer to make angry?

In many ways I think focusing on your habits is more effective than just creating budgets in general. Cause with that you are focused on living a particular lifestyle which is the key to producing results personally and financially.

I was reading an article today that talked about this pastry and how so many people are lining up early in the morning to buy it. Basically, it sounded like how people were going crazy over Krispy Kreme donuts before here. The article went on about how some people were willing to travel very far as well just to chow down on one. When you think about it, that is one expensive pastry one would be paying.

This article reminds me a lot when it comes to people’s hobbies and habits and the amount of money it costs to allow one to do so. I usually hear debates such as how some people think it is ridiculous to spend say $7 on a great drink that will last for maybe 2 minutes or some say it is such a waste of money to buy expensive things like a movie collection or video game.

In those cases, the debate is usually around how long you will actually use the product to classify something as being justifiable in spending money on it. For example, would you be able to justify paying $200 for a haircut knowing that it is great while at the same time realizing that it won’t last very long? I generally have a personal expectation myself in terms of the cost and result of something to justify spending money on it. It’s really interesting to see other people’s point scale systems too, so to speak.