It's has been on my to do list to write a blog entry on this topic for a long time. Happily to report that one of my favorite blogger has written just such topic.
http://www.iwillteachyoutoberich.com/blog/stop-being-cheap-and-go-buy-something-valuable-today
If you haven't visited www.iwillteachyoutoberich.com, I highly recommended it.
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