Dumb Financial Decisions: Little Things Add Up Quickly
Last week, a colleague mentioned to a group of us at work that he had just signed a contract on a new home.
While answering lots of questions and accepting lots of congratulations, he casually mentioned that his new commute would only be seven or eight minutes longer each way.
The consensus of my co-workers was that amount of time was essentially irrelevant.
Driven by my FIRE-focused brain, I, of course, immediately grabbed my calculator to start quantifying the impact those “meaningless” seven or eight minutes would have over the course of a year.
The results were not pretty.