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376: Wise Investments: Understand the Difference between a Good Value and a Good Deal

376: Wise Investments: Understand the Difference between a Good Value and a Good Deal

FromThe Simple Sophisticate - Intelligent Living Paired with Signature Style


376: Wise Investments: Understand the Difference between a Good Value and a Good Deal

FromThe Simple Sophisticate - Intelligent Living Paired with Signature Style

ratings:
Length:
54 minutes
Released:
Mar 6, 2024
Format:
Podcast episode

Description

The savviness of wise money management encompasses many factors, but one is an approach often overlooked or dismissed: Understanding the difference between a Good Value versus a Good Deal. Here in the states tax season is upon us, and so many of us may have money on the mind even more than we usually do; however, I often find myself at the beginning of the new year assessing my monthly budget, determining where I am gaining value or unnecessarily causing more tasks and draining money. Ultimately, whenever I sit down to assess my money, my goal is to do so less often, knowing I have invested well, so I can go about the living of my life that I love and trust that my decisions will stand a long duration of time offering the performance, purpose or function I purchased it for. In other words, I don't want to be shopping for my capsule wardrobe constantly, restocking and replacing worn out jeans that while a great deal, only lasted one or maybe two seasons. Likewise, I don't want to have to be taking my car to the repair shop frequently, or gassing up frequently or even replacing the car itself as frequently (more on what I am hinting at below in our discussion). When we invest well, and apply the wisdom of purchase great value rather than falling victim to a good deal, we deepen the quality of our overall lives because however we enjoy living them, we can do so without surprise expenditures frequently arising. Today, I would like to explore a handful of areas of our lives in which investing in Good Value vs. a Good Deal occurs, and to offer explanation as to why paying the large price tag upfront will save more money in the long run, as well as instances when a large price tag upfront is just welcoming more stress throughout the duration of your ownership. Let's get started. View the Show Notes for the episode here — https://thesimplyluxuriouslife.com/podcast376
Released:
Mar 6, 2024
Format:
Podcast episode

Titles in the series (100)

The simple sophisticate is someone who prefers quality over quantity, sensible living over mindless consumption, personal style instead of trendy fashions, has an insatiable curiosity for life’s endless questions and a desire to live a truly fulfilling life rather than being led around by the nose. Inspired by her lifestyle blog The Simply Luxurious Life, Shannon Ables (the original Simple Sophisticate) shares with listeners tips on how to live a refined life on an everyday income. From achieving your goals, preparing a memorable meal, creating a capsule wardrobe, traveling the world (Francophiles tune in as Paris is a favorite destination), and living life to the fullest without breaking the bank, living well is really quite simple.