The Three Rs of Affordology
We can operate a machine without filters in place only for so long before the engine gets so jammed with junk that it quits working altogether. In the same way, a person who indiscriminately spends without filtration will suffer a breakdown. Affordology allows us to take what we know about good and bad purchases and filter all our options through what I call the “Three Rs”: Rank, Resources and Return. If any item fails any of these filters, we shouldn’t allow it to impact our wallet.
Think about any major purchase and the thought processes that must go into it for it to be a successful one. Let’s take an automobile for example. When buying a car, we (mostly subconsciously) consider the following factors: Continue reading