Jan 15, 2020
In this episode of the podcast, I talk about Opportunity Cost and what it really costs you! I *cringe* as I relay the story of how I spent 1300 of my hard earned dollars on a Louis Vuitton purse just so that I could say I was the owner of said purse!
I look back on the error of my ways and realize what a mistake it was for me to do that and what I should have been doing was “applying basic economic principles when making financial decisions”.
Because although I spent $1300, if I had invested that same amount over the number of years that I owned that Louis Vuitton handbag, I could have earned another $1700 for a total of over $3,000! Yikes!!! Is it worth it?
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