Posts Tagged ‘money’

A What To Invest In Mindset

Thursday, August 28th, 2014 by

There are about three different items I was thinking of investing in as a way to get some specific projects going and it got me thinking how this is kind of an important mentality to stay out of debt in many ways. Basically, instead of always using your money on entertainment or lavish ways to dine out you should get into the habit of thinking how you can use your money to either make more or to free up your time.

Trying to do this during times where finances aren’t really an issue is a good time to do so too as oppose to scrambling to say find some money making opportunity when you are in a pickle in hopes that all your financial problems will go away with a lottery mentality. It helps to surround yourself with other like-minded individuals as I often find doing so allows you to get ideas and support from others who have similar goals. Basically have to be pro-active in finding ways to not always have zero savings if your goal is to have a good nest to rely upon.

Doing The Same Work As Multiple People

Tuesday, August 26th, 2014 by

I was having a conversation today about comparing some staffing scenarios where there were two different teams that were essentially running the same type of program. However, one team had less work to do while the other had more. The one that had more work actually had the same amount of people working on it as the other group. Apparently the group that had less work was mentioning how it was difficult due to not having enough people which the other group had to laugh about a bit.

It’s a funny topic in some ways as it had to do with company budgeting and I can imagine in this case an executive would simply look at numbers and dollar signs to assess what is appropriate. However, in this case there didn’t seem to be any consideration in terms of the quality of the individual. Kind of like saying, in many ways in this case it was like you can hire two people at $20 an hr each to try and fulfill a task or you can attract a superb worker at $35 an hour who can literally do the same thing as the two combined.

It’s not something we often think about huh? People do it all the time when it comes to buying products, but it’s interesting how many times we don’t even think of this when it comes to paying people to do a job. Sometimes it can make more sense to pay for higher quality workers.

The Lure of Those Cheap In Home Kits

Monday, August 25th, 2014 by

I know a person who needed to get some medical testing done and the price to do so was pretty hefty. As a result, they turned to the Internet and saw all these kits that promised to do what all the professionals would do except the cost was like 20% of what you would normally pay for an in-office test. I guess a very common type of service is teeth whitening where an in-home kit is a lot cheaper than going to a dentist.

Would you ever trust an in-home kit though in this cases where it’s something that you really need and are simply trying to save money? To me it just seems so risky where there is a high chance you will end up buying something that doesn’t work. As a result, you then buy more products where eventually it’s like you ended up paying the high fee for the professional anyways. Funny enough, even for professional services you can often try to at least “price match” service fees too. I would much rather try that route personally if it is for a seriously needed product or service.

Understanding The Difference Between A Brand And Type of Item

Sunday, August 24th, 2014 by

I went out shopping for a tablet today where it was for a birthday present for my mom. This wasn’t a surprise present as she requested for one since she felt it was time to start using some more modern day technology and that even some of her friends use it to message family members and all. However, in asking for a tablet in her mind an iPad is the only thing available. In many ways, it’s almost like how I mention many times that before people thought AOL is the Internet. Guess you can say Apple does a great job marketing.

It was kind of interesting as while browsing for various options she couldn’t grasp the concept of how say a “tablet” is essentially an “iPad.” And yes, I am aware of things such as the difference in OS or app store before any fanatic wants to jump into the technicalities. I then used a different example such as asking her if she normally asks for a “Kleenex” or a “tissue paper” if she needed a tissue. That then instantly resonated with her and she finally understood that in many ways it’s a brand marketing gimmick.

Afterwards she was able to focus more on the actual product and which one would provide the best value. Using relatable examples sure works wonders as once again we all need to understand what we are really buying to get the best value.

Novelty Trade To Receive a Big Discount

Friday, August 22nd, 2014 by

This is kind of funny I thought as I was told how a person essentially gave a food vendor some swag from an event where the items were free. The person appreciated it so much that they were willing to offer their meals at a 60% discount. That’s a pretty significant discount if you think about it for essentially what is probably like a $1 item.

Kind of makes you think how sometimes items that have a simple novelty factor to it can be valued so much by others that we often underestimate the cash value that people are willing to place upon it. In some ways I guess you can say this is why people often try to take all the free things they can get from events and conventions as you never know how valuable they can be to others. Just have to have the balance of course where you aren’t say turning into a hoarder where it actually cost you money to try and keep all this stuff that you don’t personally use or value.