$100 Decisions Don't Make You Wealthy. $100,000 Decisions Do.

Don't trip over dollars to pick up pennies.

What does that mean?

People make the mistake of prioritizing the wrong financial decisions.

I don't stress out about whether I should eat a $10 sub or make a PB&J sandwich that cost me 30 cents at home.

That's a $100 decision.

Let's talk about the 3 tiers of financial decision making.

Tier 1 - $100 Decisions

Cutting some of life's simple pleasures like coffee at Starbucks, Netflix or eating out so much are $100 decisions.

This does not mean that controlling spending isn't important.

It does. Just don't spend a lot of time on it.

Decide and move on.

I have a friend who texted me for 3 days with different HYSA options.

He was trying to pick one.

On day 2, I told him it didn't matter and to just pick! Here's why...

  • $10,000 in a 3.8% HYSA = $380/year
  • $10,000 in a 4.1% HYSA = $410/year

He did 3 days of research for a $30 decision.

A waste of one the four types of wealth (time) for a simple decision.

Tier 2 - $10,000 Decisions

Cars are one of the most common variable costs across income levels.

Here's a breakdown of the total cost of two different cars and why this decision is so impactful.

Car 1 - $50,000, 60 month loan, 6% interest rate, 10% down payment

  • Monthly: $870
  • Total: $52,198
  • Interest paid $7,198

Car 2 - $30,000, 60 month loan, 6% interest rate, 10% down payment

  • Monthly: $483
  • Total: $33,999
  • Interest paid $3,999

Car 2 gives us an extra $387/month in in cash flow. That's $4,644/year!

And saves us $3000 in interest!

This doesn't even include the fact that our insurance will be lower on a less expensive car.

How many coffees is that? A lot. 

But its important we focus on more than costs. 

Decisions around income are equally important.

Job Example

Leaving a company for a $12,000 raise is $60,000 over 5 years.

Over 30% of people who left a job for a similar position get raises of 15%+ or more.

Getting cost of living raises every year isn't enough if its 2-3%. 

You should be looking for double-digit percentage increases every 2 years whether that's in your existing position or in a new one.

Tier 3 - $100,000 Decisions

These decisions come down to 3 things usually for most people.

Location. Location. Location.

Where you live is one of the most impactful decisions you'll make on your finances.

Taxes. Cost of living. Opportunity. And then there's the house...

Choose the wrong house or you aren't ready to own yet or you buy in a bad area where real estate doesn't end up appreciating much...

That's a $100,000 mistake!

And the opposite is true!

Make good choices on those things and you will see your net worth skyrocket!

Everything Is An Investment And Has An ROI

What you invest your time and money into have wild swings in returns.

High ROI

  • Your professional network
  • Real estate
  • Index funds
  • Modern skill stack

Negative ROI

  • TV shows
  • Mindless app scrolling
  • Video games
  • Poor physical health

You are investing time and energy and money into everything you do.

Therefore, everything is an investment in something.

The question is this: what are those investments producing?

You can't watch 2 hours of TV every night and doomscroll social media for another 2 hours every day and wonder why you aren't where you want to be in life.

Your returns on those things are producing exactly what they are meant to. 

  • Weak bodies
  • Fragile, FOMO-focused minds
  • Wasted opportunities
  • No ability to increase your skillset and income

Spend 100x more time on $100,000 decisions, invest your 3 Everlasting Alternating Resources (time, energy and money) wisely and watch your wealth grow!


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