I’ve pulled the TCO concept on customers for years, I can calculate at least a rough approximation of it on these solutions I build for them, pretty much on the fly (or at least on the back of an envelope)… I just never really applied to my life before.
Still, as the Princess and I are now looking to start managing our financial health a little better, you know, being old and married and not so rock and roll anymore, aside from talking to potential advisers I went to the web… and found this little slice of insight.
Don’t own an iPhone ($2,200), or a dog($12,000 average for a small one), or a car($42,000 average), or a house, and my daughter is mostly grown up now… wow, I’ve already saved $1M!
Seriously, tho, when I add up the true costs of all my photography gear, and in particular if I include what that money would be worth now if I’d invested it over the years… well. I love my camera, and my lenses and tripods and filters, I really do. I’m glad I spent, say, at least half what I did. It’s just startling to see how much it really cost me.
In the end, I agree with the conclusion at the end of that link, above, money is a tool, it’s there to be spent to make us happy. Striking the balance between gratification today and tomorrow, between paranoia and enlightened risk management, it’s never easy. Helps to see the numbers, tho, once in a while.