Smart money gives you time. Dumb money steals it. Here you’ll find insights and lessons on time, money, freedom, and–most importantly–building wealth.
Price is irrelevant when determining the value of the purchases we make. When something is offered at a discount it does not mean the value has gone up.
What you earn is not what you get to keep at the end of the day. Purchasing a $100 watch requires you to earn more than $100.
The perceived utility of a purchase now may or may not extend into the future.
The problem with a budget is that it encourages spending. It places the focus on spending vs. saving or making.
Most people would not travel 30 minutes out of their way for a $100 off a new car. But they would for $100 off a TV.