July 2020

As you begin to understand what your life costs, the opportunity costs and what you truly value, you will likely begin to evaluate your spending differently. You will no longer see a purchase, especially large purchases, as solely a financial decision. You begin to evaluate these decisions in terms of your time. There is the actual time required to pay for something (i.e. earned income required to physically pay for it) as well as the opportunity cost of the purchase (i.e. forgone investment income). As a HENRY, you can likely afford most anything you want. However, you cannot afford everything