true story; this friend of a friend who is a teacher, she was
struggling with her bills, we went over her spending habits to do a
budget, and turns out one big expese was she was going to Starbucks
once a day (and sometimes twice a day) to buy a coffee latte and
sometimes a treat etc. The latte was costing about $6 each
day, just that is almost $200 a month, she was spending 200 to
almost 300 a month - when she saw it on paper she was like OMG I
didn't think about it. She didn't totally stop going but cut the
days away back.
many people spend lots of money on extraneous stuff like that,
and don't consier how it adds up. Again I bring that up
because if we charge a small fee for that additional service, I'll
get blow back for it- but most people are spending $100's or more
on thinks like Starbucks and other things that is so much more
money and they don't have anything to show for it as things like
Starbucks once you drink/eat them they are gone it's a
temporary pleasure. Whereas this is something that can make
you money (legally I have to say that's not guaranteed). anyway you
get the point. If you can't find $50 then you need to rexamine your
life and what you spending on
Posted by steverobin on 23rd of Oct 2023 at 07:30 pm
I am not sure how much blow back you will get. No
one "has to" sign up for this additional service. Most
services charge much more than this site in addition to what else
is being offered combined. Like Lee Iacococa said If you can
find a better stock site, susbcribe to it!
Posted by skwan1940 on 23rd of Oct 2023 at 01:35 pm
Maybe because people don't think of stock investing as a
business (I'm talking about the typical Robinhood trader, not
people here). How many people keep a journal of their trades
for the year like they keep track of inventory as if they are
running a store, or how many people think of paying for BPT just as
they would have a line item for professional services or R&D as
in a normal business. If they attached the BPT subscription
as an overhead cost to their trading P&L then that dynamic may
change.
Posted by DigiNomad on 23rd of Oct 2023 at 12:38 pm
True, although I typically advise that people first try to
reduce large bills instead of focusing on small ones e.g. think
twice before paying 4K per month for a condo in the city when you
can be in a not so hip spot a couple blocks away for 2.8K per month
(that gap is most people's SBUX habit times 5). But you kind
of make the point against an additional fee also, even if small -
it all adds up. I'm always amazed at the amount I have
outgoing every month.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
"I'm certainly willing to have
On the 78 GDX kiss system it gave a stop ...
Posted by skwan1940 on 23rd of Oct 2023 at 12:09 pm
"I'm certainly willing to have these as an added service" - same here
true story; this friend of
Posted by matt on 23rd of Oct 2023 at 12:17 pm
true story; this friend of a friend who is a teacher, she was struggling with her bills, we went over her spending habits to do a budget, and turns out one big expese was she was going to Starbucks once a day (and sometimes twice a day) to buy a coffee latte and sometimes a treat etc. The latte was costing about $6 each day, just that is almost $200 a month, she was spending 200 to almost 300 a month - when she saw it on paper she was like OMG I didn't think about it. She didn't totally stop going but cut the days away back.
many people spend lots of money on extraneous stuff like that, and don't consier how it adds up. Again I bring that up because if we charge a small fee for that additional service, I'll get blow back for it- but most people are spending $100's or more on thinks like Starbucks and other things that is so much more money and they don't have anything to show for it as things like Starbucks once you drink/eat them they are gone it's a temporary pleasure. Whereas this is something that can make you money (legally I have to say that's not guaranteed). anyway you get the point. If you can't find $50 then you need to rexamine your life and what you spending on
I am not sure how
Posted by steverobin on 23rd of Oct 2023 at 07:30 pm
I am not sure how much blow back you will get. No one "has to" sign up for this additional service. Most services charge much more than this site in addition to what else is being offered combined. Like Lee Iacococa said If you can find a better stock site, susbcribe to it!
thanks so much steverobin for
Posted by matt on 23rd of Oct 2023 at 07:40 pm
thanks so much steverobin for the thoughts and nice comments!
Maybe because people don't think
Posted by skwan1940 on 23rd of Oct 2023 at 01:35 pm
Maybe because people don't think of stock investing as a business (I'm talking about the typical Robinhood trader, not people here). How many people keep a journal of their trades for the year like they keep track of inventory as if they are running a store, or how many people think of paying for BPT just as they would have a line item for professional services or R&D as in a normal business. If they attached the BPT subscription as an overhead cost to their trading P&L then that dynamic may change.
True, although I typically advise
Posted by DigiNomad on 23rd of Oct 2023 at 12:38 pm
True, although I typically advise that people first try to reduce large bills instead of focusing on small ones e.g. think twice before paying 4K per month for a condo in the city when you can be in a not so hip spot a couple blocks away for 2.8K per month (that gap is most people's SBUX habit times 5). But you kind of make the point against an additional fee also, even if small - it all adds up. I'm always amazed at the amount I have outgoing every month.