Well, it happened. I got sucked into the hype and felt that it was necessary to buy an iPhone. I have to admit, it is pretty cool and now my wife is super jealous, but I have to reward myself once in a while, right?
I used to have a touch-screen phone, but I didn’t get the data plan because of the additional cost. I figured that I really didn’t need to search the Internet or check my email while I was out and about, and I was right. No one really needs to have the data plan on their cell phone. We all have computers at work and at home, and will only have to drive a few minutes to get to a one of them and check on something.
To take it a bit further, I would say that no one really needs their cell phone either. If you have a land-line phone that operates, you could still get by. You wouldn’t die (some of you may think otherwise, but believe me, you’d survive).
So why I earth did I feel that it was necessary to buy an iPhone? My main reason was as a reward to myself. This site has really been doing well. It has increased in value (severely) and it has also brought in more revenue this month than ever before. And, my one year anniversary for this site is coming up soon too. So, happy anniversary to me.
The Pros and Cons
- I can check my email from anywhere– my website often needs immediate attention and I like to check my email frequently. Now, I don’t need to take my laptop with me everywhere and pirate free WiFi from McDonalds or Panera Bread. I have everything I need on my phone.
- I am interested in designing some Apps – I have seen quite a few people make some good money with Apps and iPhone games. I want to get in on this passive income. Now that I have an iPhone, I know what’s going on and I’m not out of this money-making loop.
- I can make sure my site is functional for cell phone users– with my old phone I didn’t have Internet, so I had no idea if my site came up right or not. Now I know.
- This phone saves my time – for example, we recently found a stray dog in our yard and had no idea who’s it was. I looked up the nearby humane society on my phone, called the number, and then used my phone as my GPS on how to get there. It was awesome! If you are wondering, the dog is already with it’s rightful owners. Success! 🙂
- Unlimited Features – this phone is just plain cool! I have already downloaded quite a few Apps. I have a golf course GPS which I can’t wait to use, my MLB Live App keeps me up to date on my favorite team (the Tigers), I have an alarm clock App, and my phone is now my mp3 player. The list goes on and on.
- It’s a new temptation – this phone could save me quite a lot of time, but it can also waste it as well! For example, I must confess that I already downloaded Angry Birds (the free one) and beat all 18 levels…. I need to acquire some more discipline now to avoid playing games and wasting time.
- The plan costs more – I think I’ll pay an extra $30 a month because of the data plan, plus the phone itself was $170.
I Still Love It
As you can see, the pros outweigh the cons! 🙂
But, let’s get one thing straight. I truly earned this iPhone. My website started over a year ago and I worked incredibly hard for the last (almost) 365 days with no reward for myself. Now that my site is earning an additional $500/month, I feel as though I can spend an extra $30 a month.
If you find a way to earn an additional $500 a month, then I’d say it’s time for you to buy your iPhone too. But, if you earn nothing extra, I’d better not see you with a brand new iPhone!! I’m watching you… 😉
Do you think I deserve my iPhone? Do you feel like I shouldn’t have bought it because I’m always talking about frugality? Let me know your thoughts, good or bad!! 🙂
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.