The Cranky Cheapskate
How cheap am I?
When I was seven years old, I had managed to save $3.50. I was going to put it in the bank.
(In those days the local bank came to school and everyone in first grade opened an account with a dollar. We all had bank books, learned about interest and even got a little canvas bank bag for bringing in deposit loot.)
Anyway, I was going to deposit this $3.50 when I spied with my little eye in the toy store window, a beautiful realistic looking cap rifle. I really wanted that rifle. My mom advised me that it was my money, that I should bank it, but if “You really want the cap rifle…”
I bought the cap rifle. I liked the cap rifle and got hours of play time out of that rifle for about a month. I don’t know what happened to the toy gun. It didn’t break and I didn’t lose it, I guess I just out grew it.
Here is where I demonstrate just how cheap I am. For years, sixty-three at this point to be exact, I have lamented spending that $3.50. I should have saved it.
They say that money conservatively invested and diversified should, on average, double every seven years. In sixty-three years, that $3.50 would have doubled nine times. Three dollars and fifty cents doubled nine times equals $1,792.
Currently I want to upgrade my guitar to this:
Martin 000-17sm sold at my local Guitar Store at $1,750.
Coincidence? I think not.
If only I had banked that $3.50 instead of splurging on a toy those many years ago when I wasn’t so cheap.