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@ Jason Ansley | Fractional COO | Leadership Coach
2025-05-21 13:03:45
There are other approaches than purely paying extra each month.
For example using a First Lien/position HELOC or even splitting one’s payment so you pay the same amount but spread across twice a month is another strategy.
The article is good and I think the “aha” for me and the take away most would be interested in is “Hopefully you’re still using that Big Green Egg [$1800 grill] in 30 years, because by that time, it will have cost you almost $13,000 in additional interest payments.”
We live in such a consumerism and materialistic world that we have to start to reverse that. One of the ways to do so is to anchor purchases to something, whether it be a mortgage on a home or in my opinion, Bitcoin…
When we anchor and thus price the cost of something against another thing, w can begin to gain an objective view of how much value something will create in our lives.
Mathematically a Big Green Egg costing $13k over 30 years (assuming it still works then) may not seem right, but perhaps the value it creates in your life and opportunities for family to gather over the years is well worth the price.
A personal example for me is the Optimus robot, assuming it can cook!
A real point of struggle in my house is all three of us eat differently, part medical reason but mostly preference. As the current “chef” in the home, it’s difficult to make three different enough meals a couple times a day…it takes time…let alone the added stife it sometimes creates!
$30k for an Optimus that can eliminate the frustration, create time for me, and move us all closer to our health goals…
Well that’s a drop in the bucket and I’ll gladly pay it! nostr:naddr1qqthg6r994kk7un5vaskwefdvd5x2ct5943k7er9qgstcmxdzw3jl9xnv4jd4j84jcaq66w9s0yedq6ph00j0zep75cf3eqrqsqqqa287zcfk7