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tgeekb t1_iu7wczu wrote

Reply to comment by -FancyUsername- in Naked iPhones by turbodad37

We invest (spend a lot of money) in our phones because we do expect something in return. Not for the value of the phone to increase but because we run our business from it, keep in touch with friends and family far away or are entertained by it. We invest in things to improve our lives.

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-FancyUsername- t1_iu7wxf9 wrote

It still sounds like you‘re confusing „spending“ and „investing“.

Here is the definition for investment I get from Google: „the action or process of investing money for profit.“

No doubt a phone is an extremely useful tool that can improve one‘s life. A phone is more useful to me than 10 $100 bills laying around and me not having a phone. but if you don’t use it to start and run a business, which I don’t think many people do, and just could not do that with any other means you previously had, it‘s just money spent on a fancy communication and entertainment device that will be worthless in 10 years.

On the other hand „investing“ is just the act of putting money into something to get more money, in a return-on-investment kinda way.

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tgeekb t1_iu7xdhz wrote

So Google is your means of knowledge? Great. 🤣

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-FancyUsername- t1_iu7znjm wrote

You think I‘ll read a book first because YOU misused a word? Lol what a pathetic conversation

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tgeekb t1_iu805c4 wrote

Let me ask you a question. Can you invest your time in something? Like a relationship? In education? In your health?

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Halio344 t1_iu96vl8 wrote

Yes, because you get a partner, a degree/knowledge, and a better QoL in return after spending that time.

A phone is just a luxury item, not an investment.

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tgeekb t1_iua3s44 wrote

Thank you for the meaningful dialogue. I agree with your first premise. As far as the rest, that is subjective. For some, who use their phone to listen to music, watch videos or comment on Reddit that may be true. It’s subjective. At the other end of the spectrum, if you own a small business your smartphone is a pocket computer. It connects you to your clients and business partners. It’s a payment processing tool bringing in revenue. It’s with you 24 hours a day and you cannot risk it being damaged or not working. There is an ROI just like a relationship. That’s why you’ll see a range of answers to this question.

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