Spending 4 Hours To Save $400?

[omarcali]

The scenario:

You have to buy an expensive item for the house. You could either spend the full amount on a brand new item, or you could buy a previously owned item for $400 less than the retail price..

The only catch is that you would have to do some repairs to the item.. The 4 hours is to learn how to do the repairs, and then perform the repairs.

This is not for everybody, but it's a great idea to make $100 per hour anytime you can!

[thomasdan]

Im a pretty handy dude. I would definately learn and fix it myself to save the 400. anytime you can learn something new and save at the same time. sign me up

knowledge is power.

[MonkeyMama]

Or you can just buy a used item that still cost significantly less, but is in good working order, and save the four hours. That's generally more our speed - the "used" savings is pretty significant. So it makes me wonder how much that $400 savings would be because it is used, and how much because it is broken.

If you can save money fixing things and are handy - that is great too. Not to knock the original idea.

[Chris Leese]

If you are "handy" and confident in making the necessary repairs, that I think that is the way to go.

For me, I am not so would probably buy new (or find a used one where repairs are not needed)because I would not be 100% confident that I could fix it to where it would be useful and not end up having to fork over more money to get it into working condition...

[mans442]

Agree on repairing it myself....but super curious to know what the item and repair actually is if you don't mind sharing...

[Retired To Win]

The scenario:

You have to buy an expensive item for the house. You could either spend the full amount on a brand new item, or you could buy a previously owned item for $400 less than the retail price..

The only catch is that you would have to do some repairs to the item.. The 4 hours is to learn how to do the repairs, and then perform the repairs.

This is not for everybody, but it's a great idea to make $100 per hour anytime you can!

Hey, Omarcali, I cannot see myself ever turning down $100 per hour to make a simple repair. That rate of pay works out to $4000 for a 40-hour week... and $200,000 for the year!!

My personal do-it-yourself threshold is $25 an hour. If I can do the job instead of paying that much, I'll go ahead and do it. (Except for cleaning house, against which I seem to have an irrational aversion.)

Retired To Win
making the most of my time and my money