#3286: Price Vs Cost

In today’s episode, I’m talking about the difference between price and cost—and no, they are not the same thing. A lot of people use those words like they mean the same, but they don’t. I’ll explain what each one really means and why it matters for you, whether you’re buying something or selling something. We’re all consumers, and we’re all salespeople too. Let’s get into it.

Show Notes: 

[02:08]#1  Price is a one time thing.

[05:24]#2 Cost is lifetime, it’s ongoing.

[20:30]#3 To make better investments in life, consider cost more than you consider price. 

[26:05]Recap

Episodes Mentioned:

3261: The First 3 Laws Of Economics

2174: There Are No Perfect Scenarios – Only Trade-Offs

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