Sunday, August 18, 2013

Procrastination, failed hot dog buns, and the value of money

I need to study for a final.  Like, really bad.  Well, not really bad, but it needs to be done.  You know how it is.  So I've been procrastinating by making hot dog buns, watching Zonation on YouTube, and generally sitting around.

My hot dog buns didn't turn out at all.  They were flat and would not be suitable for hot dogs at all.  On the plus side, they were delicious.  I guess I need to just buy hot dog buns and bake rolls instead.  I think I may do that, actually.  I don't want to buy bread because I feel like it's a lot of money for just a loaf of bread that will go moldy in a few days.  I'd much rather invest an hour or so on a Saturday to bake rolls or other generalized bread for much less money.  Consider this: I can get 5lb. bag of flour for less than $2, eggs for less than $2, sugar, oil, etc. for less than $4.  When I combine these ingredients, I can bake several loaves of bread, all coming in for less than $1 each.  That's a heck of a deal.  I just have to put in the work for it.

My friend Bif doesn't think that it's worth his time to pick up a penny off the ground.  He says that his time is more valuable than that.  But if it takes two seconds to pick up a penny from the ground, you could be picking up thirty pennies per minute.  $.30 * 60 minutes is eighteen dollars an hour.  $18/hour.  I'm sure if he were offered a job for $18/hour, he'd take it.  I have family members that make less than $18/hour.   Considering this, it is very much worth it to pick up a penny from the ground.

I don't think there will ever be a day where it is not worth my time to pick up a penny from the ground.  How would I lose money by picking up a penny?  That doesn't make any sense.  Especially considering that when I'm finding money, I'm not "on the clock."  And if I were, I wouldn't lose money by picking up that penny.  I'd still be $.01 richer.  You may think that one cent isn't going to make a difference, but it does.  Have you ever been a few cents short for a purchase?  I know that I have.  Picking up change, no matter what the value, always adds money to my wallet.

I think it's incredibly narcissistic to pass up the opportunity to pick up money.  Saying that your time is worth more than picking up a penny is prideful and likely inaccurate.  I notice that poor people typically have this attitude.  Not all poor people.  People who are humble and poor don't have that attitude.  They value money.  Rich people who have had to work for their fortune also value money.  The path to wealth isn't in pride; it's in hard work.

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