Deferred Purchasing as a Source of Income
By RC
Timmy wanted an XBOX 360. He worked really hard over the summer mowing lawns, washing cars and delivering newspapers. However, once he read the lackluster reviews he decided to use the money he saved to buy something else. Timmy doesn’t realize this but he just made a $400 profit through the theory of deferred purchasing. This theory states that whenever you don’t buy something you want, the money you would have spent becomes profit. Let’s see how this theory works in practice. You decide you want a big screen TV that costs about $2000. Once you get to the store you decide to hold off on a TV and get a new stereo instead that only costs $300. You have just made $1700 free money! That’s income you can take to the bank.
But RC, couldn’t I just not buy a million dollar mansion and become a millionare overnight? The answer is no. The theory of deferred purchasing only works if the item you didn’t buy was something you could afford and really had an interest in purchasing. You can unlock all the secrets of deferred purchasing. All you need to do is buy my book “The Joy of a Good Easy Buck” The book is $40 on Amazon, or you could not buy it and instantly make $40.
You have the power.
January 25th, 2006 at 10:34 am
How about if I deferred renting something, like a Pauly Shore DVD or a cheap hooker? Those two things alone would have netted me tens, nay twenties of dollars over the years. If that is considered income, do I have to file it on my W2?