Quite often the impetus of a blog post for me is the result of a resounding insight that either I just can’t wait to share, or one that I heard elsewhere and morphed into my own relevance. Such was the case last week when I was listening to NPR.
There was a report on recent studies which indicated people believe they feel better from taking the most expensive medicine, even if it is a placebo (a fake). The point to the study is that we tend to use financial value as a end all for evaluating worth. This into itself is pretty fascinating, but one comment made during the interview fueled this thought path.
The guest on the show said “people will try harder to save $10 then they will to earn $10.”
This is a bit extreme but lets say your house cost $225.00 per square foot to build. One square foot in a 30 year mortgage at 6.25% equates to $227.46 in interest. For a 6×10 foot storage area it’s more than $16,000 dollars in interest over the life of the term. (Note: I did this math myself with Quicken loan planner, so take if for what it’s worth!)
(utilize that space…)
Ironically the people in the medicine test felt better after having taken the fake pricey drugs… but they might feel even better if they re-think how they organize their home and utilize their space as best they can.
(Cherry Republic, Glen Arbor Michigan… some spaces are worth the cost per square)