It's not exactly a secret that photography and videography equipment can be expensive — like "you can live with only one kidney, right?" expensive. And so, when it comes time to purchase that five-figure camera, you may have to make some difficult decisions, including possibly going into debt to be able to afford it. But is that the right decision? This helpful video gives you some questions to ask yourself before you commit to living life in the red.
Coming to you from Olufemii Tutorials, this video is a good look at a very practical problem that many of us will face: the need for a piece of equipment that enables lucrative work, but also sends us into debt upon its initial purchase. Once you've justified that you truly need the camera or lens, it really comes down to a mathematical question: can you expect that you'll make more money having that piece of equipment than if you didn't, and will the difference over waiting and saving outpace things like interest payments? And of course, that difference should be both significant and not just an assumption: there should be a solid, identifiable reason that this will increase your income that you be relatively secure in expecting to come to fruition.