4 ms·

I don't completely agree with your 5th point. By the same argument, auto manufacturers make a profit, so don't buy a ready made car - you can make it cheaper y

by stoney 16y ago

I don't completely agree with your 5th point. By the same argument, auto manufacturers make a profit, so don't buy a ready made car - you can make it cheaper yourself! (Maybe the part about auto manufacturers making a profit is a bit shaky these days) Sure, going to Starbucks is not a good use of your cash if you can't afford it, but where I am some of the cheaper restaurants can give me a decent meal for around the same as if I cooked it myself. They get their ingredients cheaper than I could and they make their money from the wine that I buy to go with it.

jacquesm 16y ago
Making a car requires a very large investment in capital that you only recoup if you make lots of cars, so buying a car from an established manufacturer is cheaper than making only one. Making food requires less in outlay than it does to buy ready made food. > where I am some of the cheaper restaurants can give me a decent meal for around the same as if I cooked it myself. Ok, that's different from where I live. Here eating out would easily cost 3 to 4 times as much per person as it does to home-cook. Also, you have to factor in the cost of transportation if you do not have a cheap restaurant nearby. > They get their ingredients cheaper than I could and they make their money from the wine that I buy to go with it. The restaurant slogan is 'they eat you poor, they drink you rich'.
- Tichy 16y ago
  If you factor in the time for shopping and actual cooking, eating out could start looking like a bargain. Assuming that every minute of your life you are earning money, I guess :-) I haven't read "never eat alone", but suppose every occasion of eating out could be turned into an interesting meeting, it would be even more worthwhile.
  - jacquesm 16y ago
    > Assuming that every minute of your life you are earning money, I guess :-) Then you are most likely not in debt in the first place! But yes, 'time is money' and all that, but when you have more time than money that changes the value of time.

by stoney 16y ago

jacquesm 16y ago

Making a car requires a very large investment in capital that you only recoup if you make lots of cars, so buying a car from an established manufacturer is cheaper than making only one. Making food requires less in outlay than it does to buy ready made food. > where I am some of the cheaper restaurants can give me a decent meal for around the same as if I cooked it myself. Ok, that's different from where I live. Here eating out would easily cost 3 to 4 times as much per person as it does to home-cook. Also, you have to factor in the cost of transportation if you do not have a cheap restaurant nearby. > They get their ingredients cheaper than I could and they make their money from the wine that I buy to go with it. The restaurant slogan is 'they eat you poor, they drink you rich'.

Tichy 16y ago
If you factor in the time for shopping and actual cooking, eating out could start looking like a bargain. Assuming that every minute of your life you are earning money, I guess :-) I haven't read "never eat alone", but suppose every occasion of eating out could be turned into an interesting meeting, it would be even more worthwhile.
- jacquesm 16y ago
  > Assuming that every minute of your life you are earning money, I guess :-) Then you are most likely not in debt in the first place! But yes, 'time is money' and all that, but when you have more time than money that changes the value of time.