As we make the decisions of life, we’re constantly faced with cost and opportunity cost:
- Is it wise of me to allocate this $100 to a memorable evening’s entertainment with my family or to set it aside toward a larger vacation fund?
- Should I use some extra money to upgrade the look and style of my wardrobe or purchase some extra books or classes to advance my knowledge?
- Am I better served by investing my money into ownership of publicly traded securities through my 401(k) account or will I get a higher return on my investment by improving the insulation of my house and upgrading my windows to an energy efficient version.
These are ultimately the decisions we face. Culturally, we usually separate these areas of life into different decisions. But we shouldn’t. Each of them (and many thousands of additional options) impacts the other.
We’re far better off if we view our life as a web of integrated decisions and we should be able to flow seamlessly among our different options.
My guest today does just that.
Jeff and his wife are raising a young family and are working toward financial independence together. Their personal interest in sustainability and green living has naturaly integrated with their financial planning. DIY activities and home improvement have had benefits in both areas.
Enjoy today’s show!