She further goes on to say “You are peeing $1 million down the drain as you are drinking that coffee.
Do you really want to do that?”
Guess we all now need to stop eating food as well since we know how it ends up.
Cost benefit analysis of $3 coffee
For every expense, it is necessary to do cost benefit analysis with respect to the value of eliminating it. For the larger fixed cost expense, is it worth it?
She dreamed of having her own restaurant. Because of her work ethic, few of her customers wanted to support her dream and loaned her $50,000.
Without educating herself on how the risk/return profile of different assets; she handed her money to a broker at Merrill Lynch who invested in options and lost it in a market downturn.