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When Does a Cost Stop Being an Expense and Start Being an Investment
Manage episode 430695466 series 3262460
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When does a cost stop being an expense and start being an investment?
The answer to this question is part of a broader search for helping people identify and develop their purpose and supporting objectives, not solely from a financial perspective but more from a personal and lifestyle perspective.
Ultimately, the transition from expense to investment often involves a shift in mindset. It requires thinking beyond immediate gratification and considering the long-term impact of your decisions.
The secret to determining when a cost stops being an expense and becomes an investment is that there isn't a formula to calculate. You can put a value on your time, but how much value do you put on doing the things in life you really want to do?
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Resources Featured in This Episode:
Understanding the Link Between Life Transitions and Financial Planning
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