So I recently purchased a new 27″ iMac fully loaded for a nice chunk of change and I looked back on my blog to figure out how long I had waited.Â Â It turns out I had initially intended to buy it in 2008 but held off then in 2009, I got sacked because of the financial crisis and it’s now been two years and a month since that time and I’ve finally restarted to make large purchases.
To be fair, financial confidence actually happened sooner with a nice vacation to the east coast this summer but it’s interesting that financially prudent people really don’t dive into big expenditures until cash reserves and emergency reserves are fully replenished before taking a plunge back into the consumerist lifestyle.Â Â Â Things are very different for me though because I’ve paid down almost all debt including mortgage and now have excessive cash reserves so it’s seemed appropriate to spend some cash.
This year I’ve taken two nice vacations, purchased an iPad and iMac and just purchased another iPad as a gift for someone special ;).Â Â So where does that leave us now?Â Â If we do hit another recession or dip deeper into more malaise then there possibly can’t be any economic boom until at least late 2013 or even 2014.Â In the meantime, cash keeps tumbling in on my investment activity so I’ll keep chugging along.
1 thought on “It Takes Two Years To Regain Financial Confidence”
Glad to see you’re progressing nicely. I need to get to that next stop one of these days as well. At this point I haven’t had a vacation since 1999, and that’s just way too long. Haven’t made a big purchase since January 2009 either; so sad…
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