True. But they actually sell a service, right? We all pay for services and like it. In fact America has been called a 'service economy'. Software folk could be said to be selling electrons or something.
Great way to think of it! I was never a coffee-shop person until my Sister started one. Now I patronize her shop every day. But otherwise I wouldn't think of spending $5/day
"So I googled what I could buy for that. It turns out, I could buy a 2002 Mercedes Benz..."
So the author figured out that he could stop wasting a little bit of money on coffee every day, but then thought it might be a good idea to waste it all in one shot on a flashy car? Think of all the money he'd have left over if he got a 2002 Toyota Camry instead (assuming he needed a car in the first place).
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[ 2.9 ms ] story [ 31.7 ms ] threadBlog post at 11!!
I track all of my spending. I spend $0.088 per day on ground coffee, of which I drink 500ml every morning in the week and two extra on Weekend days.
That's over £2 per month !
Starbucks sells expensive boiled water.
And these insights give you benchmarks for your daily life.
I can compare the $20 for a single meal eating out against the $9 I otherwise spend per day on home cooked meals.
"Is this meal experience worth more than a whole day's regular food?"
"Do I get value from the $10 per day I spend on my car?"
"Is $400 per month for a leased car reasonable?"
So the author figured out that he could stop wasting a little bit of money on coffee every day, but then thought it might be a good idea to waste it all in one shot on a flashy car? Think of all the money he'd have left over if he got a 2002 Toyota Camry instead (assuming he needed a car in the first place).