Despite most people’s social media profiles and flashy cars and boats… most are not living the life of luxury.
I’ve got a buddy that bought a $60k brand new BMW that in my opinion, he couldn’t afford. “Keepin up with the Jones’s”, cough cough.
In his words “He’s not a details guy”… So I made him pull out the paperwork and saw he was paying 10% interest and the term was 72 months.
Holy crap!
I whipped out my calculator, and pumped in the numbers.
He nearly fell off his chair when I showed him the car is really costing him $79,591.86.
But whose counting.(Remember count, weigh and measure it from a previous newsletter?)
I went to our friend Google and found his exact car 2 years old and with 38,000 miles on it… for $39,000.
That’s a potential DIFFERENCE of $40,591.00
That amount (difference) $40,591 invested at 8% interest for 10 years is $87,632.92.
But whose counting and hey… ‘he’s not a details guy.’
In a very non-detailed way… he should have punted on 4th and 1.
Today's ONE THING is a simple list of things you need to GIVE UP if you want to kick your competitions ass over the next 365 days.
- Trying to Please Everyone
- Saying Yes When You Should Say No (A SKILL you need to practice and improve)
- Negative Self-Talk
- Analysis Paralysis
- Your Fear of Change
- Living in the Past
- Saying No to Exercise
- Eating Garbage After 8pm
- Not Tracking / Managing / CRITIQUING Expenses (Business and Personal)
- Not being held accountable
- Not working with a coach
You heard it here first.
