Mark Cuban:Why you should buy 2 yrs supply of toothpaste

[QuarterMillionMan]

Small changes lead to big changes. "It's so hard to make a return on regular investments that … you're better off buying two years' worth of toothpaste when it's on 50 percent discount," he says. "There's an immediate return on your money."

"It's so hard to make a return on regular investments that … you're better off buying two years' worth of toothpaste when it's on 50 percent discount," he says. "There's an immediate return on your money."

https://www.cnbc.com/2017/10/20/mark-cuban-buy-in-bulk-and-on-sale.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104783645&yptr=yahoo

[rob62521]

Unlike toothpaste sales, regular investments take time. The get rich schemes are usually just that.

That being said, I would add that saving money by finding stuff really on sale always helps with having something to invest.

[disneysteve]

To me, "immediate return" implies that as soon as I do it, I have more money than I started with. Buying something on sale has no immediate return. Sure, it saves me a bit but then I'd have 2 years worth of toothpaste stockpiled in my closet. That's money sitting on the shelf.

[Nutria]

To me, "immediate return" implies that as soon as I do it, I have more money than I started with. Buying something on sale has no immediate return. Sure, it saves me a bit but then I'd have 2 years worth of toothpaste stockpiled in my closet. That's money sitting on the shelf.

How is it different from paying off your mortgage early? (In both scenarios, you're paying more now so as to pay less later.)

[disneysteve]

How is it different from paying off your mortgage early? (In both scenarios, you're paying more now so as to pay less later.)

I wouldn't say pre-paying my mortgage gives me an "immediate return" either.

Both things save me money but not right away. In fact, both cost me money up front.

I'm not opposed to buying in bulk. We do it all the time. I just disagree with his wording.

[Joan.of.the.Arch]

Someone on here is fond of saying, "Buy 'em cheap and stack 'em deep." I told that to my husband because it sounded optimistic and funny. Now many times when we are discussing how much to stock up on a super sale, I advise, "buy 'em cheap and stack 'em deep!"

[LivingAlmostLarge]

I'll do it depending on space. Something that has always saved us more money is living in a smaller space and using the money to buy less stuff to stockpile.

[QuarterMillionMan]

“Buy em cheap, stack em deep,” might have been 97guns. BTW I haven’t seen him around lately.

[bennkar]

I used to stockpile some, but it only saves money if you stop buying product X and actually use the stockpile. I am facing this with soap, shampoo, cleaning supplies. I used to stockpile and for various reason the stocks never shrunk. I have been going through my stocks for the past few years and it seems like I am still getting stuff for free and my stocks are shrinking, but only barely. Of course I have been taking my newly freed up extra savings and investing. Every little bit helps.

That all said, Cuban isn't the genius he thinks he is.

[msomnipotent]

I used to stockpile some, but it only saves money if you stop buying product X and actually use the stockpile. I am facing this with soap, shampoo, cleaning supplies. I used to stockpile and for various reason the stocks never shrunk. I have been going through my stocks for the past few years and it seems like I am still getting stuff for free and my stocks are shrinking, but only barely. Of course I have been taking my newly freed up extra savings and investing. Every little bit helps.

That all said, Cuban isn't the genius he thinks he is.

My problem is that I suffer from sticker shock every time I need to replenish my supplies. Cat treats are the latest to not only go up in price, but the package is almost 30% less. At least I got a really good deal on 6 months worth of my shampoo the other day.