Save Money. Buy Assets.

A beer is cheap but why are MacBooks so expensive? You won't see anyone bat an eye about buying a $6 beer or margarita but what about a $1,800 MacBook Pro? The problem here is we only judge cost at face value and often fail to consider the time cost of things. In this article, I hope to prove to you why a beer is actually more expensive than a MacBook Pro. A Beer vs. A Macbook Pro A $6 beer is consumed in probably 15 minutes. That makes it's hourly rate $24/hour. Now what about a MacBook Pro? How long might you use one of…

A Rant. I can think of lots of examples of things in our lives that we consider "free" but we don't realize there's often a very large hidden cost. If you've ever sat in a time share sales meeting to get that free cabana for a day then you know exactly what I'm talking about. But the example I want to discuss here is Instagram. Instagram is completely free. None of us have ever paid a dime to use it. But I'd argue it might be one of the most expensive things in our lives. How many things have we purchased as a result of seeing…

Anytime you suggest someone start budgeting, you're likely to get push back. That push back is partly because, well, obviously budgeting sucks. And frankly, budgeting is a pain in the butt. But the many layers of the onion ultimately lead to the reason that people really hate budgeting. Freedom. Nothing feels more suffocating and captive as restricting your spending. So, what do we do about it? Well, I would like to propose that financial discipline is actually financial freedom. Here's why. We simply have two choices. If you boil it all down and cut to the chase. We all have just two choices. First, we can…

The older I get, the more I am starting to see a particular pattern in life. This pattern is process. And for the purposes of this article, it's antithesis is event. In this article, my aim is to prove to you that wealth is a process, not an event. Let's begin. I feel like I could write a book on this topic alone. But for the sake of the 3 readers who will read this article, I'll get to the point. Most people believe that events create wealth. I believe that process creates wealth. I'd say most people don't really buy this idea though. So I'd…

What's funny about money is that most of us know what we should be doing to prepare for the future. And even if we didn't, answers are one search away. So why is it that most of us are so terribly unprepared for retirement? If you found yourself reading this post, chances are you're wondering why you're struggling to stay motivated to save money. It's okay. We all have our peaks and valleys. But let me share just a few thoughts on setting ourselves up for success when it comes to staying motivated to save money. 1. Find a Compelling "Why" I know what you're thinking,…

Alcohol is one of those expenses that many of us are unwilling to give up for the sake of financial independence. We work hard every day and we deserve that cold miller lite come 6PM. Trust me, I get it. I've been telling myself the same story for most of my adult life. But for those who are truly hard-core and looking for any way to squeeze out those extra pennies, I think it's worth looking at how to save money on alcohol because it's a massive opportunity for savings. Typical Spending 6 pack beer at grocery store $10 - Per drink cost $1.67 Bottle of…