Investing your cash is smarter than splurging on an iPhone

We often consider long-term goals but end up blowing cash on stuff that gives us instant joy. I'm not talking about those who have plenty of cash, but for the folks who are more budget-conscious, dropping around $1200 to $2000 on an iPhone right now isn't the best move. Sure, owning an iPhone might bring a quick thrill, but if that money were put into investments instead, you could see some nice returns down the line. That profit could actually allow you to buy multiple iPhones later on. Yet, most people rarely think this way. We usually focus on the short-term gains and the immediate happiness that spending brings. But smart folks see things differently. I've got a decent smartphone already, so why would I shell out two grand for a new one when my current phone does everything I need? I wonder how many people have considered this perspective. It's important for everyone to think this way. Sure, investments might not pay off right away, but if you get into the habit of holding onto them for the long haul, I really believe you'll find success in investing. So yeah, sometimes you gotta give up a little short-term joy for something way better in the future.

The comparison between investing in bitcoin and buying an iPhone since the launch of an iPhone has been done before here which the image has been updated to fit in the latest launch, which is the iPhone 16, its price and what it's worth in bitcoin. It's clear that over the years the dollar value for those phones during launch was not much different, but the bitcoin volume keeps on decreasing to show how much they are worth over those years. It all depends on the purpose of the phone, but to me, iPhones are overpriced. With a little price difference from a previous version down to a newer one, they present it to their customers and make them believe that they need this new one in order to stand out. If you are not using the phone for any commercial purpose, I don’t see the need to spend such an amount buying a gadget that you only need to use for calls and other purposes, which other devices can even serve way better.

this is the rich vs wealth debate rich are those that have excess money but waste it on stuff to give an appearance of grandeur to others wealthy people have excess money but use it to grow and accumulate more money to secure a better grander lifestyle for themselves however if having a iphone gives the appearance of grandeur which gives you access to groups of wealthier people that can aid you to attain more money. then it can be an investment. EG some people cant join special business networking clubs and members only clubs unless they are well dressed and showing bling. so if you turn up in a tshirt with a motorolla flip 'burner' phone. you wont get to know the wealthy to expand your business potential however if its just to show off to the neighbours as a jealousy trigger of wanting to make the neighbours feel small.. its a waste

I have no issues if someone can purchase an expensive phone, whether it's an android or iOS phone. What matters is the availability of their pocket,s and there is no need to take any loan of. But I agree that instead of buying these expensive phones, if they can invest it in Bitcoin, then that's so much better. IMO, if this makes them happy, they should do what they feel is right and if buying is then no shall stop them. In today's society, this becomes now a status symbol and anyone who holds it may look rich in public especially in countries that are developing.

Mostimes people always think to invest on short terms things rather than long term and along the line they regret their actions for doing so.i had a friend back then and when we go into some deep conversation he'll say to me that if I get this money I'll but this and that and mostly it all falls on things that can't generate any reputable income and I'll use mine for something beneficial in the long and later he'll come to me regretting that he wouldn't have taken such decisions, that's how some people operate.

Depends on what you want to use it for. If it's just for showing off, then yeah , it's 100% not something you should buy but if it helps you a LOT in terms of your work then yeah I guess it can be worth it. Honestly don't know what work needs/requires an iPhone, let alone an iPhone of the latest models really. I reckon in most cases, justifications may seem like it make sense, but this "justification" was made to make sense by the wants of the person themselves lol. And if a want justifies a need, then that's just what you want, not what you need. Well, tbf not that they'd invest it even if they knew, but hey, even if it wasn't Bitcoin ,I reckon any investment would just be as good as investing than buying.

Asking if you should buy a phone or invest sounds funny, honestly the name IPhone has gotten a lot of people wondering what’s so special or just the price. The price is expensive yet we can’t hide the fact people invest and buy the most expensive phone or car etc, it all depends on their financial ability. For a person struggling with investing should ignore buying an iPhone meanwhile the wealthy make their choice regardless, of course topics like this seems familiar with same point trying to prevent the masses from making wrong decision. Apple company produce smart and quality phones at high price, what I find more surprising despite the economy condition people still purchase big iPhones which shows they’re financially capable to afford investing.

Yeah, iPhones are pricey. But for me, and maybe for a lot of people, a phone isnt just an "investment".  It is something I use every single day. It is like a tool. And if it helps me do things better, then it is worth it to me.  You are saying iPhones are overpriced, and maybe they are. But "worth" depends on what you need.

Speaking of Iphones, the latest model that they have here in our country is like $500-$600 and the next one almost double that price. I look at those phone because my daughter's old Iphone is toast already and I wanted to buy her a new phone as a surprised. Nevertheless, I'm on a dilemma here as I know that it's very expensive, but somewhat debating whether my daughter deserves it or I will just let her used a old phone that I still got, working and everything.

Even though I understand your point, I don't agree with the fact that a person should deprive themselves of the things that they like when they can afford to get them. This is the reason why I believe a person should save money for two purposes when they are earning more money than they need. They should save separately for investments, and save also for personal stuff like buying their favorite car, mobile phone, house, or whatever they want to buy in their lives because if you keep saving money and then think of investing that money but you wish to have that thing also, it will create problems for you. We always say that we can do all these things in the future when we have more money, but can we see the future? Can you even know if you will be alive later or not? Besides, trends keep changing, something that you want to buy right now won't be relevant in the future, and the relevant trend will be more expensive by then, and you will be in the same situation once again. So, people need to maintain these things. Have money allocated for investments, and have some money allocated for personal expenses.

I grab your point but then, I think this thread should had been better posted on the economy board as the context of the thread is not speculating about about Bitcoin market present or future price. Rather the thread is fostered to advice and encourage newbie to invest on Bitcoin or even  virtuality of how N average or commoner could Invest of Bitcoin which is potential to give them profits and feasible hope in the future at a long term instead of spending luxuriously in material rh things that is just to give your appearance some classic address meanwhile... You must have used your all time savings for the expenses. Sometimes the people in poverty today are responsible for their predicaments because they chooses to live largely today like there is no tomorrow than cutting their costs today to economical expenses so that there could be plans to invest for the unsure tomorrow which what the future holds could be uncertain but if you plan your future as earlier like Investing on Bitcoin, nomatter the storm there is always that golden promises in the future.

Well it is a well balanced to money management system well life is not all about saving all the time but also enjoying the fruit of your hard works or labour is not a bad decisions to me well most time people do have this mindset of making the wrong decision on depriving your self from enjoying the goodies of this lifestyle in or other to saving all the time, and sometimes most people might tell you that they are waiting for the right time to come i think that time may never show up well probably when it may comes your interest and desire may have changed, what we need to understand is that having a saving and entertaining or enjoyment funds makes it more easier to save more and invest more so when the money comes the guilt and hesitation may reduce on spending on your self that much, most people have ended up in this types of situation, when they where trying to balance thier spending life and saving life thier get caught up in the spending habits and mostly they forget the life of a savers and they meant regret it in the future to me striking a balance is key.

Well, if you do not actually need to get a new iphone, then buying it is a bad financial decision. There are people who shoot contents and they post it online to boost their followers and make money from engagements and advertisement, such people need a device with great camera quality, and they can get that through getting a new iphone. That said, if you are only buying it so that your friends and onlookers will know that you have good money, enough to get a new iphone, then it is your loss and that money will be better put into a viable investment.

midprice sammys all the way i consider 90% of top of the line iphone users to be pretty fucking stupid with their money

Nice image. I don't think I have seen this before. This image shows how powerful bitcoin is infighting against inflation. When newer model of iPhones are released, the dollar prices became more expensive but yet the bitcoin equivalent keeps reducing. I don't know what to call this type of chat because people who bought iPhone 4s would never imagine how much they have wasted in the past. Indeed, bitcoin is the king Discussing Op, some people buy gadget for luxury while to others it's a necessity or a working tool. If I use my iPhone for work, I wouldn't mind buying iPhone while still investing.

Obviously it is better to save than to spend and I think that is what this boils down to in the end. Sure, buying a new phone is more exciting than saving money (maybe not when it comes to Bitcoin) but having an appreciating asset will surely be appreciated more by your future self. Life is about balance though

When it comes into buying Iphones then it will really be just that depending on a certain individual since not all would really be that thinking up that wisely in regarding into the funds that they do have. Also, not all will really be thinking up on the same way in speaking about investment but rather they will really be that doing with that temporary happiness on which just like been said that not all people will be thinking up for their future but instead they would really be that going for that temporary happiness on which buying up something like iPhones. Well, its their money that being spent and not ours but it is really just that a waste specially if its really that not needed. We do know that these phones are expensive and we do have that kind of thinking that once you do have this then you are belong into those rich group.   I have this kind of mentality in the past but as i do get older then priorities had changed on which you've been that trying out to think about on the future and would really be that realizing that its better to put up that focus on spending up on investments or business rather than on spending tons on a mobile phone on which sooner or later those becomes cheap as years passing by.

That's one thing about some poor people they always like to acquire liabilities instead of asset.There are many people that will be complaining of not having a discretionary to invest in bitcoin or having a low discretionary income while it is as a result of the liabilities they have acquired.investors should learn to cut down there expenses especially those ones that are not necessary . To me spending such an amount of money on iPhone when one doesn't have an investment is unwise unless the phone is bringing in income.The poor prioritise acquiring liabilities while the rich prioritise acquiring asset.

Well, that is what sacrificing is all about. We delay things that tend to give us happiness temporary for us to get that happiness back in the long term. That image of iphone meter on how much bitcoin needed to purchase one, it's becoming lesser and in the future maybe even 0.001 or 0.0001 BTC, it could get us an iphone within the latest release and the top of the line of its version. This is the reality and that is because on how the society looks at on the material things that we have. I'm blind to that belief before but goodness gracious, not anymore.

I am not really a fan of the iPhone, but there are people I know who are fans of the iPhone. They can't buy or use any other phone except the iPhone because it fits the kind of online job they are doing. They can't do such work with Android phones. Such people buying iPhones because of their kind of work is understandable. For those who buy iPhones to show off, nothing again, that's the people we should tell to have a rethink of buying an expensive phone because next year, the iPhone company will produce another iPhone, and that iPhone they are showing off will appear old in people's eyes. The worth of it will depreciate. For securing landed property or buying Bitcoin over the buying iPhones is worthy decision to make for someone who cares about his or her future