Posted By:
davidcyclebackI think a personal waste of money is when someone spends far more than
he gets out of an item, whether the getting is financial or non-financial,
or when he could have bought the same or equivillent item for far cheaper.
For some people renting 'Die Hard' is a waste of $5, for others it's not.
Purchasing a Willie Mays autographed photo for $300 would (in my opinion)
be a waste of money, while purchasing the same photo for $20 would not. My
assumption being the $20 Mays photo is made using entertainment money, not
funds marked for orphans in Chile or to pay off the credit card debt.
While I agree that $700 for a Barry Bonds autograhed ball would be a waste
of money, both in the short and long term, I suspect that many living player
autographed balls will retain their value financially, and many of their
owners will get fair enjoyment out of owning them.
One can make a fair financial assessment of the financials of a purchase.
However, it's problematic judging others' taste, as one's own is subjective.