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Originally Posted by Zero  Hmmm... I see that Steve is trying to make a point about "thinking big", but you have to take into account his perspective. He may have disposable income to burn. Some of us do not have this luxury. |
It's not at all about burning income. The advice is actually very good, but it seems that many people are misinterpreting it. For example let's say you want to buy a book that's available on amazon.com (which usually doesn't have the lowest prices, but makes up for this with huge selection). You might spend some time trying to find coupons, looking for other sites where it's cheaper, looking for it on half.com or ebay, and so on.
Steve is saying that instead of spending all this time to save $5, you're better off spending this time trying to figure out how to make $100 so that the $5 you would have saved becomes irrelevant. As you start making more money, you gradually raise what you consider to be irrelevant. So eventually you'll be thinking about how to make $1000 and then $50 becomes the equivalent of $5. This spiral can go up indefinitely.
How many of us waste time trying to save a few bucks? I've certainly been guilty of this until now. But now I realize that it makes a lot more sense to spend time thinking about how to make a lot of money than to try to save a little bit.