040: M.C. Laubscher: Wisdom Wednesday: Price, Cost and Value

040: M.C. Laubscher: Wisdom Wednesday: Price, Cost and Value
24
Aug

In this episode,  we are discussing  the concepts and meaning of the terms “price”, “cost” and “value”. There is a very big difference between the price of any product and or service, the real cost of the product and service and the value that this product and or service is providing to us in our lives.

We look at why it is important to evaluate every decision to buy a product and or service, or an asset by looking at the price, the real cost and the value that it will add to our lives. I use the examples of home ownership, investing in the same single family property and renting the same investment property. I also look at a practical example I come across in my wealth management and education firm looking at term insurance versus permanent life insurance.

Share your thoughts with me on Twitter @mclaubscher and Instagram @cashflowninjapodcast.

 

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Recommended Book:

Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity by Garrett B. Gunderson

 

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Live a Life of passion and purpose on your terms,

M.C Laubscher

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