Though I don't like I-Phones

davide470:
Let me ask you this: Would you eat fried rice and chicken that normally cost N1,500 for N300,000 because it was made by one of the best chef in the world?

If Yes, would you consider that as wise?

If No, then getting a phone for N600k isn't so wise whereas you can get one at a lesser amount and it bears the same brand and same features, except a camera adjustment.

You already know my answer..... It's an overwhelming YES......


Why do some people buy Mercedes E200, while others buy Mercedes E550 AMG?

IamaNigerianGuy:
Foolishness does have any rational justification as you can see from the responses on this thread.

If you understand the time value of money and how compound interest works, you will not waste your money on frivolities or be a victim of corporations that want to get your hard-earned coin.

Even Americans are waking up to the realization that the iPhone is a big scam but for our brain dead youth, it's not yet dawn.

Excuse me! Can you explain in detail to me why a financially buoyant person buying an iPhone 11 is a waste of money?

Remember That the whole thing is subjective.

Kennydoc:


The point in bold isn't complete. A rational human being can also spend money on what gives them satisfaction, pleasure, fulfilment etc. Some people's happiness and fulfilment per day is worth hundreds of thousands of Naira, and if a 600k phone can give them that fulfilment, they will buy it.

Imagine your monthly earning is ₦2m or more, will you consider it wasteful buying a phone of ₦600k? Even with your alms giving, a time comes when you feel like, mehn I gotta enjoy this money a little otherwise you live your entire life working only for others to enjoy.

You question is beyond phones. It basically applies to everything: cars, clothes, houses etc. Your income determines what you consider expensive and at the same time valuable. To someone who earns ₦100k per month, a car of ₦5m will be too expensive while to the guy who earns ₦5m per month, a car of ₦5m will be below his status.

I have a Samsung Galaxy S7 Edge which is still very clean and working perfectly fine, but right from the time I bought it 2 years ago, I was determined that my next phone would be Galaxy Note 10. In the next couple of weeks, I will take delivery of a Note 10+. Will you then consider my purchase of the phone and say I am irrational when I know I can afford it, I'm not extravagant by any chance, and I've also not been terrible with respect to helping people, even strangers?

I think you misunderstood the OP. Those things you mentioned: satisfaction, pleasure, fulfilment etc, are part of the value (categorized under intangible value).

As regards cars, someone may be earning #1-2m per month and still decide not to get a car because he doesn't need it — maybe his job doesn't require him moving about or he's in a place where the public transportation system is very comfortable and easy.

goodmorning40:
When you get to that point of spending that kind of money on a phone you won't remember rational justification before buying it. You will just buy it wait until you get there

Correct! When you get to the point you can afford it, the price tag won't matter.

GeoAfrikana:
We work hard to earn money, so it's rational for us to spend our money on only products/services that (we believe) will add value to our lives.

Yesterday, I heard of a phone that costs #600k. The first question that came to my mind was:

what will I enjoy from this phone that my Google Pixel won't give?

So I decided to throw this question to the house.

How can you rationally justify spending #600k on a phone?

Thanks.

Look at it this way. You said you use a Google pixel right? I don't know which particular model you use but I can bet that the pixel you use cost nothing less than 150k. I use a phone of 60k and I can never spend more than 80k on a phone. Now, me seeing you spend more than 150k on a phone is the same thing you see on someone who spend about 600k on a phone. So what am saying is thst all is justified as long as you have the money.

There’s nowhere in the world that close to $2,000 is easy money.

It doesn’t matter where you are.

I just think the phone is not a big deal. It’s certainly overpriced. That’s what my comment meant. Not that the money to buy it is not a big deal.

Hangulsaram:

If you are in Nigeria maybe you will understand, you would n’t cough off that money to buy that phone.

studentofTruth:


I think you misunderstood the OP. Those things you mentioned: satisfaction, pleasure, fulfilment etc, are part of the value (categorized under intangible value).

As regards cars, someone may be earning #1-2m per month and still decide not to get a car because he doesn't need it — maybe his job doesn't require him moving about or he's in a place where the public transportation system is very comfortable and easy.

Very good! If then 600k phone can give someone intangible value, why is the OP making it seem like those who buy such are irrational?

Some people buy iPhone 11 cos of the camera. To them, the pleasure of taking super amazing pictures with the phone justified the cost of it cos to them, the cost isn't a big deal.

Lexusgs430:


A rich person decides what to spend his money, and what to spend it on.....

The poor would not see reasons, why the rich is spending money that way.

In the eye's of the poor, it's foolish spending......

that's right my brother,I remembered when I spent 1 week with my uncle who is a billionaire,that's when I knew rich people see things from a different perspective,that 600k phone you are shouting some people give it to girls for just a nack,the man just they carry 2-5 million naira in his car boot for expenses,if it finishes the PA will load another,every day all his investments and companies must pull in 10-30 million ,he gave me ₦200k once to give to a girl and drop her,we reach bustop I collect ₦100k give the girl the rest,in the very rich man eyes ₦1millon is like ₦1000.

Lexusgs430:



You already know my answer..... It's an overwhelming YES......


Why do some people buy Mercedes E200, while others buy Mercedes E550 AMG?

You have stayed in the abroad too long sha. That is all i will say to you.

Kindly dm for affordable and quality pant trousers and shirt.European designers check profile for whatapps contacts

davide470:
You have stayed in the abroad too long sha. That is all i will say to you.

Not the point exactly..... But having the opportunity + perspective to see from both sides of the divide........

okoroemeka:
that's right my brother,I remembered when I spent 1 week with my uncle who is a billionaire,that's when I knew rich people see things from a different perspective,that 600k phone you are shouting some people give it to girls for just a nack,the man just they carry 2-5 million naira in his car boot for expenses,if it finishes the PA will load another,every day all his investments and companies must pull in 10-30 million, he gave me ₦200k once to give to a girl and drop her,we reach bustop I collect ₦100k give the girl the rest, in the very rich man eyes ₦1millon is like ₦1000.

So in essence, you stole ₦100k from the girl. Jisie ike.

You want to know the value? Ok, it is nothing but just for pride. Thats all. Pride I mean. I repeat; pride.

I think this matter completely depends on perspective. I don't know what else to say.

cococandy:
There’s nowhere in the world that close to $2,000 is easy money.

It doesn’t matter where you are.

I just think the phone is not a big deal. It’s certainly overpriced. That’s what my comment meant. Not that the money to buy it is not a big deal.

You can not compare making the bolded in America with Nigeria, over there ur one month salary (i mean average salary if not the minimum wage) is enough to get it unlike in Nigeria, where even a full staff banker have to cough out almost two month salary to do so , how much more ordinary worker that depends on the new minimum wage of 30k a month. It will take his 2 year salary to do so. So don’t even try to compare both Biko.

CAPSLOCKED:


THESE ARE THE FOOLS AND JUDGEMENTAL HYPOCRITES I ALWAYS TALK ABOUT.

THEY THINK BUYING A PHONE OF 500K IS STUPID BUT BUYING A PHONE OF 100K IS OKAY.

IF THEY UNDERSTAND WHY THEY USE PHONES OF 40K INSTEAD OF A 4K PHONE, THEY'LL UNDERSTAND WHY OTHERS SPEND THEIR MONEY IN ANY WAYS THEY LIKE.

I feel OP's question is being misunderstood. a 4K phone wouldn't have 4g, most likely wouldn't have camera, Bluetooth, Xender, good security etc

Now let's compare Xiaomi redmi note 7 which goes for around 45K or so to the present iPhone 11 and there's barely anything that you can do with the IP11 that you can't do with the Note 7. of course one can nitpick one or two unimportant things that the IP11 can do that the Redmi can't but I would be certain such things aren't being used by overwhelming majority of IP11 users. many of the users of iPhones even in its heydays basically use it to call, text, snap and watch movies. they barely use it for anything else and are ignorant of the capabilities of the phone they're holding

in short bringing in 4k phone to the argument is a sign of having misunderstood OP

ask the person who bought it.

goodmorning40:
When you get to that point of spending that kind of money on a phone you won't remember rational justification before buying it. You will just buy it wait until you get there

We are waiting for the China one

GeoAfrikana:
We work hard to earn money, so it's rational for us to spend our money on only products/services that (we believe) will add value to our lives.

Yesterday, I heard of a phone that costs #600k. The first question that came to my mind was:

what will I enjoy from this phone that my Google Pixel won't give?

So I decided to throw this question to the house.

How can you rationally justify spending #600k on a phone?

Thanks.

It should be , how can you justify buying a phone of N600k.

It's actually none of anybody's business as long as they don't come to ask you to lend them money...

Hangulsaram:

You can not compare making the bolded in America with Nigeria, over there ur one month salary (i mean average salary if not the minimum wage) is enough to get it unlike in Nigeria, where even a full staff banker have to cough out almost two month salary to do so , how much more ordinary worker that depends on the new minimum wage of 30k a month. It will take his 2 year salary to do so. So don’t even try to compare both Biko.

I’m not comparing. I’m just saying it’s not easy money.

Living expenses also aren’t the same in these countries.

Monthly house payment for a four bedroom family house is about the same as $2,000 on average. Many places cost more. Some cost a little less.
How many Nigerians are paying monthly rent or mortgage of 600k to 1 million. Every month?
Yet that’s what some of us pay here.

So, yes it might be easy to make that in month, but it just goes out as easily in expenses.

To have it as free spending money frivolous things like an iPhone is not easy.

GeoAfrikana:


For me, the only thing that constantly increases with my income is my charity.

Yes the quality of products I buy also increase but I only buy what I believe has value.

For example, let's say I'm a writer. All I need a laptop for is to type, typeset, Google, read PDFs and maybe watch tutorial videos.
Let's say there are laptops within 50-80k that will satisfy my needs fully.

It would be wasteful and irrational of me to spend #150k or more on a high-end laptop made for gamers, data/GIS analysts and graphic designers just because I'm able to afford it.

Wouldn't it be wise if I purchased a 60k laptop and used the remaining 90k for other needs. If I have no more needs I can give it in charity to a family member, a friend, a striving student, an orphanage, sick people in the hospital or even prison inmates.

Sir I really doff my hat for your kind of reasoning.
Honestly, if everyone (rich and poor) reasoned in the same way as you do, the world would have been a far far better place.

Its your kind of reasoning and life philosophy that makes people like Bill Gates, Warren Buffett, etc give a large proportion of their earnings to charities in underdeveloped countries in Africa and the rest of the world.
However, the average Nigerian & African mentality thinks that enjoyment of life is all about being loud, flaunting what you have to oppress others & never about uplifting the less privileged.

Keep it up, sir!

muffyt05:


I'm sorry to say but that's just a lame reason for buying it. I'm 100% certain that Dangote, Otedola and even Bill Gate will never go for such irrational spending just cos they can afford it.

Their irrational spending can build a nation or wipe out poverty from probably some states in Nigeria

Check out their luxury houses, yatch, cars, expensive arts and decor, you go bow

They do these things because; they can afford it and not because it’s necessary


I met a guy once who bought iPhone 6 and blackberry Porsche as at the time it was released, two of the most expensive publicly sold phones as at then, the guy’s statement was, he always loved gadgets, and now he thanks God he could afford to go for the best... the guy was/is making cool money, owns a Nigerian restaurant abroad and some other businesses

When better money touch your hand rationalities would fly out the window

lordjosh:


But he's not using iPhone 11pro

He’s probably using a satellite phone that is probably 100 times more expensive than an iPhone 11 pro

Dangote could buy a toks Corolla sport of 1.9 that wld carry him from point a to point b, but I sure say him no dey use Corolla, he’ll probably buy a rolls Royce or Bentley or Bugatti or lambos

GeoAfrikana:
We work hard to earn money, so it's rational for us to spend our money on only products/services that (we believe) will add value to our lives.

Yesterday, I heard of a phone that costs #600k. The first question that came to my mind was:

what will I enjoy from this phone that my Google Pixel won't give?

So I decided to throw this question to the house.

How can you rationally justify spending #600k on a phone?

Thanks.

How much did you buy your Google Pixel Phone?

unscripted:
. I feel u r just trying to justify financial recklessness ... In most cases our only reason to acquire wealth is to oppress the next person . am sure if we lock most of the persons buying this phones in a room and tell them not to flaunt the phone or show it to any person .. They won't have a need for the phone again .. We just feel satisfied when we think we have what others don't have .. A very stupid way to live ..

You're so so correct!

Bifrost:


How much did you buy your Google Pixel Phone?

29k

But he get as he be.

Insane . Those making them don’t even use them .americans and other developed countries who uses them pay monthly from their earnings some get deal for as low as 11usd a month which makes it easier for them to own it after payment spanned for few years. Here in Naija people pay cash to own these so call phones and mostly use them for irrelevant stuffs like their Netflix IG Facebook and other social network rather than using it for more productivity stuffs they rather share and slay all day on those platforms

My dear, there are many things the 600k phone can do that your 100k phone can't do. Anything that makes one happy, the person should go for it. What shall it profit a man to make enough money and not spend it on himself.

anjorin4:
We don't expect someone like Mark Zuckerberg to be buying Tecno because he doesn't want to spend much or spend wisely, if you have the money, nothing is stopping.Like me I can't use a phone with Snapdragon 845 below, it's below my standard because I'm a Gamer and u don't expect me to be Gaming with a Tecno phone, so when I was buying a Phone I got myself Xiaomi Pocophone F1 which is about 100k, which is like my 1 month salary. Some of my co-workers was like why will I waste my money to buy a phone of that amount? I'm like your 60k phone can't even run the Games am playing on my phone, so Wha Tha Hell.

It's all about preference and what u want, I'm sure if I had gone for a Smaller phone, I won't be satisfied. I got a phone that can do the task and sure it's the cheapest in that range.

It does the task I want and that's all that matters.

Bros...you spent your 1 month salary on top of a phone I tell you...that is nowhere near financial wisdom!
I have been an entrepreneur for 7 years now, worked in paid employment for about 6 years, my highest salary in paid employment was N325,000; as an entrepreneur, I have bought 2 cars, land, started building my house, sent my children to school AND to date, the most expensive phone I ever bought was a Samsung Galaxy Note 10.1 at the cost of N85,000 in 2013. The note is even spoilt now.
I can't wrap my head around the fact that you would spend your 1 month salary of N100k on a phone, no matter how powerful, when there are so many responsibilities ahead of you in life that would need money.

GeoAfrikana:
We work hard to earn money, so it's rational for us to spend our money on only products/services that (we believe) will add value to our lives.

Yesterday, I heard of a phone that costs #600k. The first question that came to my mind was:

what will I enjoy from this phone that my Google Pixel won't give?

So I decided to throw this question to the house.

How can you rationally justify spending #600k on a phone?

Thanks.

nothing is too cost bro, unless if poverty dey worry person.... To some people, 50k phone is wasting of money, while some can dash ashawo 10m or more, elo wa ni 600k

GeoAfrikana:


For me, the only thing that constantly increases with my income is my charity.

Yes the quality of products I buy also increase but I only buy what I believe has value.

For example, let's say I'm a writer. All I need a laptop for is to type, typeset, Google, read PDFs and maybe watch tutorial videos.
Let's say there are laptops within 50-80k that will satisfy my needs fully.

It would be wasteful and irrational of me to spend #150k or more on a high-end laptop made for gamers, data/GIS analysts and graphic designers just because I'm able to afford it.

Wouldn't it be wise if I purchased a 60k laptop and used the remaining 90k for other needs. If I have no more needs I can give it in charity to a family member, a friend, a striving student, an orphanage, sick people in the hospital or even prison inmates.

If an ordinary Nigeria can think this way, I believe there will little to no kidnappers, ritualist, robbers, yahoo yahoo guys, corrupt politicians and civil servants in this country.

Because most of these people are moved to steal, loot and embezzled money that they don't actually need.

Imagine someone stealing to acquire 46 exotic cars and houses.

Imagine a person stealing to acquire jewelries that worth billions of dollars, while her community lies in slums of poverty.

Mostly, the major cause of depression.

When we learn to live simple, live becomes simple.