Tuesday, 16 November 2021

In Praise of A Well-Chosen Indulgence

I've been watching how-to-record-your-music videos recently and ran across the wonderfully over-the-top Spectre Sound Studios. In this one he talks briefly about debt and how it should be avoided. Turns out he owns his house, studio, and car. How? Because, in his words, he bought what he needed, not what he wanted.

Spectre Sound was saying: don't spend £1,000 on the fancy gear when £200 will get you something that will do the job well enough that the audience won't notice the difference.

Most companies do this. Most companies buy the least-cost, lowest spec-for-what-they-think-is-needed kit. Sometimes they get away with it, and sometimes they lose thousands of hours a week from laptops that take ten minutes to boot up and shut down, and are unusable for an hour when doing weekly updates (ask me how I know). The company doesn't care that their staff feel that they aren't worth decent kit. That's what economic-value-optimisation makes us feel like. Not important enough for the Good Stuff.

In order, there's

a) doing without
b) buying the least-cost, lowest-spec
c) buying nice so you don't buy twice
d) indulgence (buying something that's a little better than "nice" because it makes you feel warm and fuzzy)
e) wasting money buying specs or stuff you are never going to use. 

For example, bread:

a) is not buying any bread because, well, who needs bread? you're not going to die if you don't have it b) is Tesco White Sliced c) is a sourdough from a supermarket d) is a loaf from Paul or some other such brand e) is any loaf from Whole Foods or an "artisan" baker with their own shop in Notting Hill or Greenwich

The base-line for judging indulgence or waste is not "go without". Nor is it Tesco White Sliced, which barely qualifies as bread. The baseline is the cheapest "buy nice" option. It's deviation either way from "Buy Nice" that needs to be justified. We should justify buying low-quality-and-cheap as well as higher-quality-and-more-expensive.

Buying what you want, without wasting money, just makes you feel like, in the words of the ad, you're worth it.

(Now you ask, I buy whatever shampoo is on sale, but not the diluted cheap own-brand stuff.)

This is why I have always had the suspicion that people who buy what they want rather than what they need are a little more fun and little richer and softer in texture. (Assuming they aren't being stupid with the "wants".) By adopting a very narrow definition of "need" - as in "you're not going to die if you don't go on holiday / only drink tap water / never eat chocolate" - one can lead a very miserable life.

Until April 2020, my indulgence was membership at a fancy gym in Soho: there are gyms that cost more, but most cost less. A lot less. But I enjoyed and appreciated it. I joined my local The Gym in April this year. I don't dislike it, but I don't feel a little thrill walking through the door either. It's functional, and that's it. The local fancy gym charges not far short of what I was paying for my previous gym and is over-priced for what it provides. "Need" rules in this case.

I may be missing a well-chosen indulgence.

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