When Expenses Don’t Matter

One thing I’ve learned over the years is that sometimes it’s important to not care about certain expenses. Yes, this contradicts all sorts of teachings, but let me explain. I’ve done the books for people bringing in over $600,000 per year. Those same people wanted me to call Verizon to question $2.51 on a $250 bill. Yes, $600,000 in income and they were worried about $2.51. This is a waste of time. It’s simply not worth the time and hassle (they would have paid me more than $2.51 just to make the phone call than they would have gained IF it was even a mistake, which it wasn’t). I used to get worried about the cost of software, email, web hosting, etc. At the end of the day, you need all these things, they’re prices are what they are, and it’s a much better use of your time to focus on selling more than saving a little (or stressing since you often can’t save anything). This is definitely a case of penny wise and pound foolish.

Obviously, if you’re genuinely overspending, you need to make improvements. I worked with someone who paid $6,000 per year for a texting service. Seriously, I didn’t even know that was possible. What a rip off! But getting worked up over smaller things will do nothing but distract you from making money. Make the $1,000 or even $100 and move on with your life, don’t worry about the $5 that’s a needed expense no matter what.