The Common Law of Business Balance states >
It is unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money; when you pay too little, you sometimes lose everything.
In other words, it prohibits paying a little money, and getting a lot in return; it cannot be done without trading one for the other
Additionally, something that is often not taught in the realm of financial literacy ( Resolution 8 & a cornerstone ‘F’ ) is the below – have you personally been taught/heard this? I hadn’t before I was introduced to world class information not all that long ago >
Price is a monetary amount/figure.
Value is the relative, intrinsic worth / desirability to the end user
Think of it in these terms – does every dollar ‘spend‘ like every other dollar? Or, is it not the truth that each dollar you spend is quite unique – especially when you grasp, immerse, and then apply the difference between a “You, Inc.” $ and a “I want it due to advertising/peer pressure/lack of a budget” $ ?
Business, economics, and finances all overlap. They also are each a core part of our day to day lives – we all must be informed, well educated ( v. schooled ), and investment minded men & women in order to become wealthy in mind, spirit, legacy, & the bank account.
Have a fantastic day & blessed Easter to come!
Thank you & all due credit to Bob Burg for his wisdom & foresight in sharing much of the core of this post’s core content. It’s my privilege to pay it forward here in the blogosphere.