You can learn from this mistake
True Story:
Several years ago, we had trouble with our bathroom sink draining. I can usually fix things like this easily, so I got out the tools and went to work.
My plan was to snake the line, clear the clog and get back to work.
A few hours later, the line was still clogged and I had dis-assembled the pedestal sink into several pieces.
I thought I could get to the clog easier by taking the sink apart, but I was wrong.
When I finally gave up and called the plumber, (Yes, I can be stubborn) he was just as perplexed as I was.
But only for a few minutes.
Whatever was stuck in the line, would re-clog as soon as the snake was pulled back through.
And the plumber told me that taking the sink apart, actually made his job more difficult. Â
So he replaced that part of the line and put my sink back together.
And after spending the afternoon on this project, I was still out a service call from the plumber. Â
I learned a valuable lesson that day.Â
The present value of costs. Â
The biggest asset we have is time. And once it is gone, you can never earn it back.
If I would have called the plumber first and spent my time working, then I would have came out ahead because I can earn more in one afternoon than the $100 I spent on the plumber. Â
And so can you.
So, whether you have investment property or are just working around your own home, remember the present value of your time before you take on a project. Â
What life lessons have you learned lately?
I’d love to hear about it!
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