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It's also very interesting when you begin thinking of how it affects other people's value or money. In his example of bargain hunting and collecting coupons, h
by ddlatham 16y ago
It's also very interesting when you begin thinking of how it affects other people's value or money.
In his example of bargain hunting and collecting coupons, he spent 8+ hours to save $20, which he realized was a poor return on his money. (That must have been some serious bargain hunting). Not only that, if he purchased some goods for $20 less than he would have without the coupons, then the vendor ended up $20 poorer than he would have. So he spent 8+ hours to effectively transfer $20 of value from the vendor to himself, which is even worse than spending 8 hours to create $20 of new value.
It certainly depends on how you view other people's money and value compared to your own.
- bobf 16y agoDon't forget that a penny saved is not truly equivalent to a penny earned, because saving a penny actually requires earning enough to cover taxes and the extra costs (travel time, gas, etc) you incur to earn it. Saving $20 on a purchase is equivalent to earning $30-40.