Opportunity Cost
Damn, Ive done a shitload of stuff that I havent logged here. Alright lets see if I can vaguely remember what I did. Hold on ill check my crossed out list. ….Ok, so in summary I did a lot of normal house chores, did a lot of things towards figuring out the direction we move forward as a family, and started working on a product.
Let me give you a bit of background without going too crazy in depth here…
Id say my family has always been borderline poor, if not poor. Truthfully, the only way we managed to move forward in life is by supporting each-other and if that meant living with 10+ people in a small apartment, thats what we did. By living together we saved money, which in turn saved us from poverty.
Oh shit context- right. I forget many of you may not have similar cultural context. I’m Hispanic as cliche as it is, I have a huge family. Not only is it huge but we’re close. Close with my uncles, aunts, cousins, second cousins etc. That’s how were able to live 10+ people.
We saved money and grew together supplementing each during times of hardship. Unfortunately, my parents aren’t the best financially conscious people. We’ve lived beyond our means. Classic poor people mentality.
Fast forward a few years after the housing bubble burst, still living beyond their means, still living too many to a home, and an accumulation of pushed aside problems; I decide to change that.
I struggle with whether I’m on the right path or not. I don’t know if I’m allocating my time in what will most help my family.
Let me explain. What I’m doing now is trying to intrinsically motivate my family. Imagine taking irresponsible, uncoordinated, and stubborn people with poor communication and forming them into an all star team. That’s what I’m doing. While at the same time figuring out expenses for more than a decade worth of damage to our property. Then managing the cash flow of the house as whole in order to pay for the damage. In order to do that I must change spending behavior of each individual person. Not too bad.
The other thing I’ve been doing is working with Jon on a product. Which should be fucking sweet, if we do it right. We’re doing standard operating procedure for developing the product atm. It has the potential to make us millions in the long term.
The other thing I could be doing is import or retail arbitrage. Because I have an absurd amount of self confidence and self awareness, I know id be able to crush it. Obviously this wouldn’t be sustainable in the long run but it might net me enough money in the short term to pay for debt.
These are the three main things I’m struggling with.
Then there’s also the macro vs micro of maintaining non direct business relationships. If I don’t I’ll probably end up miserable in the future but I’m not sure. I don’t know. Caring for people is part of my macro goals as well so the micro sort of plays into the bigger picture. More importantly it’s fundamental to who I am as a person. I default to that.
That’s what I’m facing currently. That’s all for now, but next time I’ll talk about garage sales.
Thanks for reading
Take Care!
