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Mindset, Strategy, Accountability & Execution

#2377: Why To Spend MORE Money For Higher-Quality Stuff

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Price is almost always the most important consideration when we make a purchase. An item may need to fall within a certain budget and sometimes we’d just rather not spend the money if we don’t feel we have to. However, focusing solely on price and choosing the less expensive item can actually come at a cost. Consistently choosing the cheaper option not only costs you more money in the long run, it actually sacrifices the quality of a product or service and degrades its value over time. Let me explain.

Show notes:
[07:43] #1 Higher prices usually result in higher quality things.
[13:49] #2 When you invest in higher quality stuff, you won't need to keep replacing it.
[18:20] #3 The definition of investing means to spend or vote for future advantage or benefit. [20:35] Recap

Episodes Mentioned:
609: The 5 Forms Of Investment, And How To Use Each
777: How Your Time Perspective Determines Your Success

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