Posted July 25, 2024
Hello Value Building Friends,
First, a motivational message from my new 365 Motivation App:
"Success is not just about making money. It's about making a difference. Today: Look for ways to contribute to others' lives."
In that spirit, I'd like to discuss the concept of Opportunity Costs and what $8,758 could mean for you.
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Question:
What could you buy with $8,758 today?
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Possible Answers (courtesy of ChatGPT):
You may want to buy a Tattoo
1. A Tattoo
With $8,758, you could:
- Get a comprehensive full-body tattoo, covering a significant portion of your body.
- Purchase a large, intricate custom tattoo, such as a full back piece or a detailed sleeve.
- Acquire multiple medium-sized tattoos or a series of themed pieces.
- Secure a tattoo from a high-end artist known for premium work.
- Cover the cost of tattoo removal and new designs.
- Invest in high-quality tattoo supplies and equipment if you're starting out as a tattoo artist.
- Obtain multiple small tattoos with simpler designs.
Or you may want a New Tesla:
2. A New Tesla
If you're considering a Tesla Model S:
- With a monthly lease payment averaging $1,250, then $8,758 would cover approximately 7 months of a 60-month lease.
- Actual lease terms and additional fees may vary.
Or you may prefer a trip around the world:
3. A Trip Around the World
Plan an exciting round-the-world adventure:
- Airfare: Economy class tickets range from $2,500 to $5,000.
- Accommodation: Budget hotels/hostels cost $50-$100 per night, mid-range $100-$200, and luxury $200+.
- Guides and Activities: Local tours and special activities can range from $50 to $500 per day.
Example Itinerary:
- Airfare: $3,500
- Mid-range hotels for 20 nights: $3,000
- Guided tours and activities for 20 days: $2,000
- Total: $8,500
This budget could cover a 3-week round-the-world trip in economy class, with mid-range hotel stays and daily guided tours.
Or you may want to Invest in Your Business:
4. Investing in Your Business (courtesy of ChuckGPT):
Consider investing $8,758 in a Value Builder Plan which includes:
- Participation in a Mastermind Workshop - a one-hour introduction to the VBS System.
- Receiving a VBS Assessment to identify your score on 8 Key Drivers.
- Enjoy a one-hour, one-on-one coaching session to evaluate your Assessment.
- Gain six-month access to the VBS Dashboard on a DIY plan for Accountability.
My guess is that option #4 could make the other 3 options much easier to accomplish:-)
To learn more and discuss these options, click on my Calendly link here to schedule a convenient time.
$8,758 Invested