#7 What Does It Actually Cost?
the enemy of the best is not the worst, it is the good. Author unknown
Good is the enemy of great. Jim Collins.
Trade off. Opportunity cost. Call it whatever you want. When you buy one thing, you can’t buy another. When you spend time doing one thing, you can’t do another. Get the most out of what you are buying and how you use your time. If you can buy twice as many widgets for the price you might pay for one, go with the cheaper price. In fact, seek it out. First and foremost ask: do I even need this widget? Consider if your purchase is: penny now, pound later. Even if something seems like a great deal, it’s not if you are going to have to replace the item multiple times.
The King and Queen have a bent toward justice. It’s not as easy to buy a bottle of water when you know that $1.00 can provide clean drinking water to someone who does not have it for an entire year. If you’re getting out of debt like we were, this concept is very convicting. “Should I buy those $.19 placemats or use the $.76 to pay off debt?,” was an actual analysis the QoF made.
READ THIS: The Automatic Millionaire by David Bach
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