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Most moguls didn’t get that way because they were born into it. Many of today’s rich and famous had to work for their fortunes and continue to work in keeping them.
Whereas that statement may not apply to buying a house in this uncertain economy it absolutely applies when it comes to textbooks for the college student. College textbooks are a major financial expenditure, second only to the tuition that students are paying for an after high school graduation these days. Spending unnecessary money on books that you’ll never want to pick up again is frivolous and treats money as if it is a disposable commodity. It is not. Today’s moguls did not get to be where they are by throwing away money. (And many have lived through the depression or are at the very least extremely familiar with it.) Selling back textbooks that you purchase is not always a sure thing.
Much like the housing industry, trying to sell your books once you use them isn’t always feasible. Bookstores only buy back certain books and even then pay a mere pittance of what you originally had to drop on those little educational masterpieces. And just because you’re renting a book doesn’t mean that, should it turn out to be invaluable, you can’t own it. For a fee, typically the cost of the book minus what you’ve already paid in rental, you can purchase your rental book should you decide that they are something you simply shouldn’t live without in the future.
It may very well take money to make money, but that doesn’t mean that taking your money and throwing in the garbage is what’s required. If you don’t keep the books you buy for college that’s basically what you’re doing with the money you spend on them… Throwing it away. With the option to rent textbooks rather than buying why would anyone choose to throw their money away rather than spending it at a substantially less amount to simply rent, use and return?
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