Monday, November 15, 2010

Investment vs. Squander

If a man puts $50k down on a new home and his wife spends another $50k on cocaine, both ‘spend’ the same amount of money.  If they find that they need to reduce spending by $20k to keep from going broke, a commission may suggest an across the board 20% reduction.  That would avoid the potentially difficult conversation about priorities. 
Probably better to have the conversation. 

No comments:

Post a Comment