Website owner: James Miller
There are often hidden costs to things that most people don't
see. People aren't aware of them, don't have a proper
appreciation of them, don't factor them into their calculations
properly. They may be slaving away, pedaling away on their
treadmill, trying to keep up, make it, and what they don't
realize is that a large part of what is holding them back are
hidden costs. What are these hidden costs?
- depreciation costs. Many things drop in value with time
and use, such as motor vehicles and farm machinery.
People don't figure these value drops in properly and
appreciate their importance.
- loss of interest on money spent (a cost that continues for
the rest of your life)
- maintenance and other costs attendant to some kinds of
purchases. If you purchase a large house you have to
furnish and decorate it, heat it, air condition it, pay
taxes on it, pay homeowners dues, paint it periodically,
etc.. If you buy a motor vehicle you have to maintain
it.
Apr 2001
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What determines a person's character?
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