> How is cheap becoming expensive in your life?
You've been taught to save, to go with the cheaper option whenever possible. You have positive intentions, but this bias may be costing you a lot more than you think.
One rule I’ve learned: The cheap option is often the most expensive in the long run.
When you cut corners to “save” you just pay for it later (and with interest).
The cheaper car may end up in the shop more often than the more expensive one. The cheaper furniture may break down and require replacement. The cheaper appliances fall apart quickly.
You save in the short run, but pay for it in the long run (in money, stress, and peace of mind).
This rule applies to products, but it's even more interesting in its application to decisions:
The cheap decision—the hack or shortcut—is rarely the right decision.
Jerry Seinfeld
I am seeing more and more howv true this. There is no free lunch. There is a cost to every choice
Yes very rightly said. Thank you
You're welcome and thank you.