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My Rule of Thumb for Any Purchase
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Key takeaways
- If you can't buy it twice, don't buy it once.
- Or even buy it three times or four times or five times over, don't buy it once.
- When you're looking at the price of whatever the thing you're trying to buy is, you're making $100 an hour, and you're looking at a 500 or $1,000 purchase, would you work two days in order to do that?
- Would I work all day for two days to go out with the boys for three hours on Saturday?
Chapters
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0:00
Abschnitt 1 If you can't buy it twice, don't buy it once.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00If you can't buy it twice, don't buy it once. Or even buy it three times or four times or five times over, don't buy it once. When you're looking at the price of whatever the thing you're trying to buy is, you're making $100 an hour, and you're looking at a 500 or $1,000 purchase, would you work two days in order to do that? Probably not. Would I work all day for two days to go out with the boys for three hours on Saturday? I'd rather just not work the two days. And that was the thing is whenever I had the why I'd rather just not work than do that thing, I shouldn't buy that thing.