The Itchy Lot

My sister and I have a different sort of philosophy when it comes to making and saving money. Let's say say you buy something for $25, and then a year goes by, and then you sell it for $50. You have just made $50!

Another example: Let's say you buy something for $100, and then a year goes by, and then you sell it for $25. You have just made $25!

My loving boyfriend ridicules me for this attitude, but when you think about it, we all think the same way to some extent. Let's say you have a garage sale (remember those?). You run around the house, finding old books and tchotchkes to sell for a quarter or maybe a couple of bucks. At the end of the garage sale, you count up your cash and consider all of it profit. You don't subtract the cover price of the books you sold. You don't take away the price of the stuffed bunny you bought when you were in college. It's all profit.