≡ Menu

Getting Rich is Thirsty Work

It’s that time of the year when ridiculous consumer spending seems to prevail and dominate most peoples lives. This year like others I’ve tried to avoid unnecessary spending and instead focus on spending quality time with family and friends and giving thoughtful gifts where appropriate. I thought I’d take the time to share a recent story from the office of consumerism gone mad.

I recently stumbled into a conversation at work where some colleagues were discussing the saneness of one particular gentlemen in the office. He’d just taken delivery of a bottle of water to his desk from the internal postal service. This in itself was odd I thought. Why bother to get water sent to you in the post when there is a tap 5 meters away dispensing the stuff for free. If that’s not good enough there is also a machine next to it that will filter it for you and serve it chilled, hot or even with ice. If you are feeling particularly indulgent there is a shop an additional 10m away that will sell it to you in a nice plastic bottle, direct from a natural spring.

However it turns out the delivery was of a bottle of water far more pretentious than that from a Scottish or even Alpine  natural spring. The water in question was made from a Polar iceberg and cost over £60 for 0.75l of water. Yes, you did read that right….an iceberg and £60!

Now I don’t know what is worse, the distinct lack of regard for the environment the company that sells this stuff or the idiocy of the consumers that spend their hard earned cash on this stuff.

It’s worth noting the hypocrisy of this company when they state that they aim to ‘mitigate the impact of global warming’ while their main product literally destroys polar icebergs in THE most direct way possible, before being shipped all around the world by air to it’s wealthy customers.

It still staggers me that this guy can justify spending €70 on a bottle of water. Don’t get me wrong the guy earns a good whack but he’s certainly at the lower/mid end of the office food chain. It’s the perfect example of a highly intelligent and financially literate person ignoring everything they have learnt in their professional life when dealing with their own personal finances.

Peckham Spring Water

 

The man has a child to support and a mortgage (if not other forms of debt too) yet is willing to literally piss his money away on such prolificacy. Under [ironic] questioning about why he didn’t indulge in a case of 6 bottles he honestly answered that he wanted to just test the waters (pun intended) and check the taste matched his expectations first before putting in a bigger order.

Meanwhile at UTMT towers I’m quietly regretting not gathering up and melting some of the snow we had a couple of weeks ago and bottling up to sell at the local boutique farmers market.

Merry Christmas all!

 

Getting Rich is Thirsty Work

Getting Rich is Thirsty Work thumbnail

It’s that time of the year when ridiculous consumer spending seems to prevail and dominate most peoples lives. This year like others I’ve tried to avoid unnecessary spending and instead focus on spending quality time with family and friends and giving thoughtful gifts where appropriate. I thought I’d take the time to share a recent Read More

Overpay the Mortgage or Invest?

To pay off the mortgage or to invest? That is the question. It’s an often debated question in the world of financial independence and one thats been done to death in blogsphere several times over. In this article I won’t go in depth into all of the pros and cons of each side of the argument Read More

Getting Shit Done

Getting Shit Done thumbnail

Deep down inside i’m a procrastinator. A phaffer. A delay artist. I like to take my time so much so that I usually take far too long. However as I’ve found out over the last couple of years, once you have a child you suddenly find yourself running out of time altogether. A friend once Read More

Lagom

Lagom thumbnail

Working with colleagues form all over the world over the last decade or so has given me the opportunity take a peek into the national psyche of some of these colleagues. Over time observable stereo types emerge and patterns of behaviour present themselves. Over the years i’ve marvelled at: The entrepreneurial spirit of the Americans The passion Read More

Power Down: Increased Savings Through Decreased Energy Consumption

Having recently moved house it’s our expectation that the current UTMT residence will remain just that for at least the next 20 years or so, hopefully a lot longer. Given the place needs a fair bit of work doing to it we’ll be looking to make the place as energy efficient as possible during some Read More

UTMT Lives

UTMT Lives thumbnail

Well, how easily the months slip by. I’ve had a few concerned emails  from regular readers enquiring about the lack of posts and downtime of the site over the last few months. There’s been a few reasons i’ve been away so I’ve set out my defence below and I’ll leave it for you to judge me Read More

Insider Trading – Hot Tips To Make Your Rich

Insider Trading – Hot Tips To Make Your Rich thumbnail

I’ve been working in Finance for about 15 years. As a result I’m often asked by friends or family members for advice or tips about where they should put their money. I thought what better way to help our readers than to share some of this insider knowledge so we can all get richer together Read More

Passive Investing: Its Getting Under My Skin

As I sat on the train this morning watching the rain hammering against the window I suddenly became aware that I was no longer worrying about the electrical fault (and subsequent delay) that the conductor just announced. Instead my mind had wandered onto the downpour outside and the possibility of it causing a leak at Read More

Treavel Reflections: India

Treavel Reflections: India thumbnail

***Apologies reader but I’ve just found this post languishing in the UTMT drafts folder. It should have originally been published back in early February*** Apologies for the absence but the UTMT clan have been away…in India. It would be wrong not to share a few comments about this bonkers place so below is a random Read More

How much do you really earn

How much do you really earn thumbnail

One thing I’ve noticed about people that have reached FI is that many of them continue to ‘work’ to some degree. If you’re smart enough to get yourself in a position to reach FI or early retirement then you’ve most likely got a brain that needs more stimulation than daytime TV can provide. It strikes me Read More