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What Do You Call These People?

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It's comical how some people see the value of a "few dollars", yet cannot fathom the same when the amount is larger. Probably a separate chapter in your book, MJ, but along the same lines of time wasters. IOW, some people will squabble over a purchase price of $25 vs. $20, but think nothing of buying a $25,000 vehicle or $250,000 home without haggling much (or even finding something just as good, while not as fancy) for a much cheaper price - thereby saving $1,000's, $10,000's, or even $100,000's.

I've heard these people called "Penny wise and nickle poor" and I think that's about as accurate of a description as you can get.

As far as the waiting in line 24 hours to save $200, this is really a three part reality as I see it.

First part, is strictly the monetary value of time from the perspective of someone who works 9-5. When you fall into the trap of linking your time directly to hours worked then this line of thinking makes sense. For example, if someone works 9-5 making $x/hour, and their income is shut off at 5pm, then yes, they might as well stand in line for 24 hours to save $200.

Second part is also a monetary value of time, but from the perspective of someone who been able to make money 24/7. These people view money as more of a constant in their life and not a variable. The money faucet isn't shut off at 5pm. Perhaps they invest in RE, stocks or have some sort of business that can function without them (or at least without them being there 40 hours a week.) These people realize that they make $x/hour around the clock, so since their earning power is 24/7, time takes on a different form of value. Waiting in line for 24 hours to save $200 probably means that they are losing money, as waiting in line isn't the highest and best use of their time. Their time is generally either reinvested into something that will make their income increase, or invested into their family, friends or something fun. ...The value of their time becomes more based on a quality of life.

In the quality of life value of time model, these people realize that they only get one shot here on Earth and value making a life more of a priority than making money. Not to say that these people don't value money, most of them are probably quite wealthy--however, their true definition of wealth is measured in more personal ways (health, family, etc.)

That's my 02.
 
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Opvisitvoph quopvt, Zwit.

Sinopft ni ug vji voni O jiesf 2 qiuqmi fotdattoph jux nadj Comm Hevit nefi qis tidupf (o.i., jot eppaem opduni, fowofif cz vji pancis ug tidupft op e zies).

Vji gostv qistup nefi vji quopv vjev Hevit xet neloph *tu* nadj nupiz, vjev og ji tex e $100 comm up vji tofixeml, ji tjuamfp'v cuvjis qodloph ov aq-- c/d vji "xetvi ug voni" xuamf dutv jon nupiz!

O lopf ug cavvif op vjip, quopvoph uav vjev Comm Hevit jef e tztvin op qmedi gus neloph nupiz-- NOdsutugv sep epf Comm selif op jot nommoupt iwip xjip ji xet tmiiqoph. Tu qodloph aq vjev $100 xuamf katv neli jon vjev nadj sodjis-- c/d ji xet tvomm iespoph vji teni dsebz nupiz et ji tvuuqif vu qodl aq vji comm!

Vjiz fofp'v nadj moli nz muhod, epf xemlif exez.

Tiswit ni sohjv gus cavvoph op! ;)

Qiuqmi jewi e wisz foggisipv tipti ug jux nupiz epf voni esi simevif. Vjev't xjz O muwif "Zus Nupiz us Zuas Mogi" (vji cuul) tu nadj-- gus vji gostv voni, ov tjuxif ni jux vji 2 (nupiz, voni) esi opvissimevif. O siemobi vji cuul ot e cov qsiedjz, epf xet puv sidoiwif ximm up vjiti gusant-- cav ov xet vjev dupdiqv-- vjev zua jef vu howi aq zuas qsidouat mogi/voni/ipishz vu hiv $$$-- vjev hewi ni nz gostv coh EJE! up vji qevj vu gopepdoem gsiifun. :vjanctaq:

-Satt J.
 
Huuf quopvt Satt. O ehsii, og zua jewi e tztvin emsiefz op qmedi vjev hipisevit nupiz 24/7, epzvjoph uwis vjev ot hsewz--vji SUO ot tvomm vjisi. Gus vji sidusf, O vjuahjv vji "Zuas Nupiz us Zuas Mogi" cuul jef e muv ug wemof quopvt, epf ov fuit hiv zua vjoploph ecuav nupiz foggisipvmz. O tii tu nepz qiuqmi xju tedsogodi vjios mogi exez, epf gus xjev? Nusi gsowumuat dseq vjiz fup'v piif epf vjev otp'v onqusvepv vu vjin op e xiil.
 
Voni tqipfist (vjiz tqipf voni optvief ug nupiz)
 
Voni cuncist
Navdjobovt (deati vjiz emxezt etl "Jux nadj ot ov")


Vji qistup xju fsowit edsutt vji dovz vu ati vjios Het Sixesft Desf vu tewi 10 dipvt up het. :dudu:


Vji opiyqisoipdif juniuxpis xju xepvt vu timm vjios juati GTCU (iwip vjuahj ov jet emsiefz tev up vji nesliv gus e zies) vu tewi up SI ehipv dunnottoupt. :xvg:
 
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Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

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  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
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  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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