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Did I Really Just Buy an iPhone?!?


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


  1. 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.
  2. 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.
  3. 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.
  4. 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! 🙂
  5. 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.


  1. 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.
  2. 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.


  1. The GPS and ability to navigate is definitely worth it. I have a droid-type phone. The idea is similar. Developing an app would be cool but I have no clue how to do that. Enjoy.

    • Cashflowmantra, there are a few websites that will create apps for you if you give them the idea. Pat Flynn has an ad on his site ( that will take you there (just in case you have a million dollar idea). 🙂

  2. Advance happy anniversary to your site! I’ve never used a touch-screen phone before because my thumbs are too big for those icons in most of the touchscreen phones. I don’t want anything to do with those styluses either because I find using those awkward.But I’d have to say that Iphone is diffent and way better when it comes to how at ease I am with its touch screen feature despite the size of my thumb.

    • Ha, well I’m 6’8″, so I have pretty big thumbs myself. Like you said though, the iPhone keyboard is pretty easy to get used to! Thanks for the anniversary wishes. Stay tuned, there will be a big anniversary giveaway soon, and something Apple related may be featured… 🙂

  3. Don’t worry about asking others if you should have bought it, just enjoy it. You and your wife have worked hard to get out of debt and buy a house. Yes, you probably are able to afford something like the phone now. Enjoy that you have worked so hard the last few years and feel good about spending a little money. 🙂

    • Thanks Melissa! That summary means a lot, and it makes me realize how hard we really had to work to get out of debt and get ourselves into a solid financial position. The phone is great and I’m starting to not feel so bad about the purchase. 🙂

    • My girlfriend wants one and wants me to get one. My phone is on the fritz. Let me know how it works out for you. It seems like your pros outweigh the cons! I am sure once my lady and I tie the knot we’ll be iPhone bound as well…if she gets her way anyway 🙂

      • Well….typically, the ladies have a way of wearing us men down… so I’m seeing a pair of iPhones in your future. 😉

        I don’t think you’d regret it though. I know you’re smart with your money and won’t go into debt over a cell phone. I also know that you’re pretty intelligent, so you could probably find out how to make some coin with it too! That’s what I’m hoping to accomplish anyway. Good luck!

  4. I think a better questions would be, do you want it and can you afford it? Sounds like the answers to both of those are yes 🙂

    (I am not a gadget person by any means, but I LOVE my iPhone. I do need it as well, to test and support my app, but now that I’ve gotten used to having it I’d keep it even if I didn’t have an app.)

    • The answers are “yes” to both, so I’m feeling good about my purchase. I think it will really help my online business ventures as well.

  5. I save at least the $15/mo extra I pay for my smart phone by comparison shopping on the fly. I won’t ever go back to a so-called “dumb phone.” There’s just no way. I’ve seen the light!

    • I’m with you JT. I’ve only scratched the surface of what this phone can do, but I’m sure loving it! 🙂

  6. When I got my android in jan of 10, I had an old phone that I was planning to keep forever, but then it fell in the toilet.
    I think that the most useful thing on the phone is the mapping/gps. I enjoy checking mint and my wordpress app for my blog, but the mapping beats everything else hands down. For a similar plan, I pay about 20 more for unlimited data.

    • Those cell phones tend to find those toilets don’t they! Thankfully, I haven’t had that happen to me yet.

      I am loving the GPS too! It’s a huge time saver! Before I would have to get out my computer, map it out, print directions, and then if I missed a turn, I was screwed…. This is much better.

  7. Congrats on your success and way to reward yourself! The iPhone rocks. Steve Jobs really does know what he’s doing. You need to download the WordPress app and GasBuddy. I use the GPS all the time. Nice breakdown of the pros and cons. 6’8″? I hope you play basketball!

    • Mmm, I didn’t think about Gas Buddy! Good one! Basketball does come pretty easy with my height, but I actually prefer to play golf! Maybe I’ll post some trick dunks though, just for kicks. 😉

  8. No one deserves anything! If you can justify it then it does not matter after all you are paying for it. I still have an old flip phone and probably will for the near term. I am in front of a computer too much of the time as is, but I could change my mind.

    • Very true krantcents. It’s just fun to hear the opinions of my peers. I’m surprised that I didn’t get reprimanded from anyone yet! 😉

  9. Of course you deserve it! I know you got your head on straight because I taught you most of it:) -joking. In all seriousness, I can learn a lot about rewarding myself. I tend to keep my nose to the grindstone and miss out on the fact that there is a time for celebration. Well done! Thank you for the reminder and enjoy your phone!

    • It’s hard for me to reward myself too. That’s why I was so shoked that I went through with this iPhone purchase! It has been fun so far though. There are so many Apps out there that can improve my everyday life!

      You did teach me quite a lot Kevin, and I’m grateful for that. It gave me a great headstart in life!

    • Haha! I do like technology! Just wait a few months and you’ll start to see me report App income on my Income Reports. 🙂

  10. Of course you deserve your iPhone! The best way to cover a new expense is with passive income. Not only that, but the monthly cost is less than 10% of the extra income. But, I could just be biased because I’m considering getting a smartphone too 🙂

    • Well, based on this month’s earnings, the additional expense is far less than 10%, so I’m safe there. I do need to work on income that’s a little more passive though. That’ll be coming with my new eBook! I can’t wait to release that – it’s going to be awesome!

  11. Here’s another con: it gives off a lot more radiation than any other cell phones. Don’t wear it on your middle/in your pocket if you plan to have kids. 😉

    • Really? I haven’t heard of that! I wouldn’t suspect there’s not too much radiation when the phone isn’t making a connection with another phone or the internet. I’ll have to look this up.

  12. You deserve it Derek! I would get the iphone too if the data plan is cheaper. I just hate paying any monthly fee. Maybe someday when the cost come down a bit.

    • Yeah, the data plan tacks on $30 a month more than what I’m used to paying, but I still think it’s worth it for now.

  13. Thank for sharing!! How fun…. El Carino really wants one too…. You gotta treat yourself once in awhile 🙂

  14. I have found I save a lot of money using my smart phone. Not only do I have to buy less gadgets but I am also more productive. I think you deserved it and should enjoy the benefits of having it. Plus you got a deal on the phone so you already saved money right there. Remember, being frugal is about spending money on the things that matter and saving money on the things that don’t.

    • Thanks for the kind words Miss T! Hopefully I will save more money with my phone and make more money with it too! 🙂 I’ll most definitely be reporting back on my success or failure.

  15. You deserve it hands down plus, gadgets are cool! Other people have other crazy hobbies – like that guy with the wife who spent $3,500 on cheerleading on the Dave Ramsey show the other day – why not splurge on something fun, I’m also guessing you paid cash so enjoy the toy!

    • Of course I paid cash! 🙂 You listen to the Dave Ramsey show too!? Sometimes when my day job requires a monotonous chore, I tune into Dave Ramsey online. It’s entertaining and gives me ideas for my site!

  16. My sister and mother have iPhones too, well my mother lost it… oh, and my sister’s had it’s screen broken… Still, if you are careful with them they can be a lot of fun. I would still buy a cheaper phone with similar specifications though, perhaps a Nokia or Android.

    • Sounds like you are very sensible Jeroen. The droid appears to have all of the capabilities of the iPhone, and is most likely a little cheaper! It may be the better way to go, but since I was rewarding myself, plus looking to keep up with the tech trends, I decided to go with the iPhone.

  17. I think it is a useful purchase. So many times as bloggers we encourage not to purchase anything. I am glass that you broke the trend.

    • I guess I did break the trend, but you’re right, it has come in useful so far. And, I already have some ideas for some apps! 🙂

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