Putting A Price On Happiness

Post on 19-Aug-2014

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They always say you can't put a price on happiness...we think otherwise. Watch as we break down what we think are the various components of happiness, and come up with a strategy that makes it easy for anyone to make it work.

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HAPPINESS

PUTTING A PRICE ON

21%

7%

10%

14%18%

30%HousingTransportationFoodSavingsUtilitiesEverything Else

HEALTHY PERSONAL FINANCES

HousingEverything

Else

FoodTransport-

ation

Savings

Utilities

50k 100k 200k

Housing (30%) 15k 30k 60k

Transportation (18%)

9k 18k 36k

Food (14%) 7k 14k 28k

Savings (10%) 5k 10k 20k

Utilities (7%) 3.5k 7k 14k

Everything Else (21%)

10.5k 21k 42k

BUDGET APPLIED TO DIFFERENT SALARIES

after taxes after taxes after taxes

50k 100k 200k

Housing (30%) 15k 30k 60k

Transportation (18%)

9k 18k 36k

Food (14%) 7k 14k 28k

Savings (10%) 5k 10k 20k

Utilities (7%) 3.5k 7k 14k

Everything Else (21%)

10.5k 21k 42k

BUDGET APPLIED TO DIFFERENT SALARIES

HAPPINESS

after taxes after taxes after taxes

WINECLOTHES

TRAVEL

CARS

HOME

CHOOSE ONE (OR MORE)

WINECLOTHES

TRAVEL

CARS

HOME

THEN DO IT RIGHT

CARS

“REGULAR” CARS DEPRECIATE30k

25k

20k

15k

10k

5k

1yr 2yr 3yr 4yr 5yr

CLASSIC CARS APPRECIATE

206%1963 CHEVY IMPALA’S VALUE HAS INCREASED

OVER THE PAST 10 YEARS

206%1963 CHEVY IMPALA’S VALUE HAS INCREASED

OVER THE PAST 10 YEARS...AND GET APPRECIATED

CLASSIC CARS APPRECIATE

VS19k$540/mo lease for 3 years =

buy a $30k classic car and drive for 3 years (with $15k maintenance/upkeep) and still sell for around $43k = S2k

COST OF LEASING A 2013 IMPALA

COST OF OWNING A 1963 IMPALA

VS$540/mo lease for 3 years =

buy a $30k classic car and drive for 3 years (with $15k maintenance/upkeep) and still sell for around $43k = S2k

COST OF LEASING A 2013 IMPALA

COST OF OWNING A 1963 IMPALA

19kAS LONG AS YOU sell your car for

more than 26k, YOU’VE SAVED MONEY(AND GOTten A COOLER CAR)

NOT HANDY?

INVEST IN A FUTURE CLASSICINSTEAD OF AN OLD CLASSIC

FUTURE CLASSIC

TIMELESS MODEL

BUYING CHECKLIST

FULLY LOADED

LOOKS AWESOME

CLOTHES

$100

$60

TRICK QUESTION: WHICH IS CHEAPER?

perCOST

WEAR

$1 $1 $1 $1 $1 $1 $1 $1 $1 $1

$1 $1 $1 $1 $1 $1 $1 $1 $1 $1

$1 $1 $1 $1 $1 $1 $1 $1 $1 $1

$1 $1 $1 $1 $1 $1 $1 $1 $1 $1

$1 $1 $1 $1 $1 $1 $1 $1 $1 $1

$1 $1 $1 $1 $1 $1 $1 $1 $1 $1

$1 $1 $1 $1 $1 $1 $1 $1 $1 $1

$1 $1 $1 $1 $1 $1 $1 $1 $1 $1

$1 $1 $1 $1 $1 $1 $1 $1 $1 $1 $1

$1

$1

$1

$1

$1

Worn 2x's a week=8x's a month=96x's a year

$100 Jeans=$1.04 per wear

$2.5 $2.5 $2.5 $2.5 $2.5 $2.5

$2.5 $2.5 $2.5 $2.5 $2.5 $2.5

$2.5 $2.5 $2.5 $2.5 $2.5 $2.5

$2.5 $2.5 $2.5 $2.5 $2.5 $2.5

$60 Shirt=$2.50 per wearWorn 2x's a month=24x's a year

SOME OTHER GOOD BUYS

Worn 5x's a week=20x's a month for 4 months=80x's a year for 3 years=240x’s total

$187 Persol 649’s=$0.78 per wear

Worn 5x's a week=20x's a month for 6 months=120x's a year for 5 years=600x’s total

$549 Burberry Jacket=$0.91 per wear

Worn 3x's a week=12x's a month for=144x's a year for 3 years=434x’s total

$349 Allen Edmonds=$0.80 per wear

HIGH QUALITY & LOW COST PER WEAR

SOME NOT SO GOOD BUYSLOW VALUE & HIGH COST PER WEAR

Worn 2x a month for a year =24x’s total

$64 Trend Tee=$2.66 per wear

Worn 3x's a month for 6 months=18x's a year for 2 years=36x’s total

$80 Sweater=$2.22 per wear

TRAVEL

HURRICANE SEASON: JUNE 1-NOVEMBER 30

PUERTO RICO

HURRICANE SEASON 56% OF DAYS IN PUERTO RICO

PICTURED

According to the National Weather Service’s data on cloud cover

DROP IN HURRICANE SEASON Flights to Puerto Rico can fall by up to half

TICKET PRICES

TICKET PRICES

*we couldn’t find a specific stat, but trust us, we’re professionals

DROP IN HURRICANE SEASON Flights to Puerto Rico can fall by up to halfish*

FOOD &WINE

IT’S NOT HOW MUCH YOU SPEND, IT’S

HOW MUCH YOU KNOW

FINE WINECan Be Cheap

TRICK QUESTION: WHICH IS CHEAPER?

95pts

89pts

ANSWER: 95pt Herzog Cabernet

95pts $39.99

89pts $80.00

IT’S NOT HOW MUCH YOU SPEND, IT’S

HOW MUCH YOU KNOW

GREAT COFFEECan Be Cheap Too

Everyone Knows This Debate

VSStarbucks “Regular” Coffee

But What About This Debate?

VSStarbucks Gourmet Coffee

= $2.67per day

COST OF A STARBUCKS COFFEE EVERY DAY

+ +French Press

$19.99Conical Grinder

$110

9.125lbs Gourmet Coffee (1 year’s worth)

$164.25

= $0.8per day

COST OF A GOURMET COFFEE EVERY DAY

TRICK QUESTION: WHICH IS CHEAPER?

HAPPY MEAL BALSAMIC BEEF KEBABS

ANSWER: BALSAMIC BEEF KEBABS

HAPPY MEAL BALSAMIC BEEF KEBABS2.82 Per Serving Homemade2.89 Per Serving at McDonald’s

Also WAY Healthier

according to budgetbytes.com

HOME

This IKEA Sofa’s Only $999..

..BUT THERE’S A CATCH

“some” assembly required

2K Extra Gets You This...

PERK: Absolutely no assembly required

2K Extra Gets You This...

PERK: Absolutely no assembly required

$0.14

$0.14!?ALLOW US TO EXPLAIN

FACT 1:The Average American Watches

4 Hours of TV a Day(i.e. they spend 4hrs

on the couch)

FACT 2:The Average Couch Lasts 10 Years.

(Any longer and it starts to look like this)

ASSUMING YOU SPEND 14,600 HOURS ON YOUR COUCH OVER ITS LIFETIME

14,600$1,000

14,600$3,000

= $0.06per hour

$0.20per hour

=

HAPPINESSTHE KEY TO PRICING

IS SPENDING MONEY

WISELY

YOUTHE PRICE OF HAPPINESS DEPENDS ON

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