Re: Your Money or Your Life, Chapters 5 & 6
Chapter 6 of this book was one of the worst chapters in any book I have read lately.
First, some of the advice was TERRIBLE and so 'slowlane' that it hurt.
5. Do it yourself
No. Don't. Spending time learning how to fix your hot water heater is a poor use of your time. They spend the first chapters talking about your 'real wage' - well, reverse it. What does it really cost you to do all the research, take time off to do it, buy the tools, mess it up, fix it again.... I would rather make money doing what I do and pay someone to do what they do. The advice of 'staying with your repairman to see what he does so you can save money by doing the easy things yourself' will get you no where. At our shop we have a saying...
$91 an hour if we do it.
$125 if you watch and annoy.
$150 if you help.
101 sure ways to save money.
11. Learn basic automotive maintenance
13. Aquire needed parts yourself and have a mechanic install them.
Again, why spend time learning to do something complicated, when you can instead learn how to make yourself better at your passion and have a certified, trained, excellent person work on your vehicle.
Selecting hobbies
84. Develop hobbies that are truly cost effective in eliminating spending.
Read this one outloud and then read 5 again... they say that spending life hours to build a lamp is a poor use of your time becuase it costs you 10 hours and you could have just bought the lamp. Well, same thing with the hot water heater repair, dontcha think?
I dunno...my book seemed to smell like a musty old library while I read this chapter...just sooo slowlane it sounded like advice from someone in the great depression...
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