Wait a minute, this is not some hair-brained scheme to use credit card advances to buy stock options or something (and no I do not think this is a good idea, I do not recommend it, and if you do it, you are freaking nuts!).
What I am talking about is that there are situations where you are going to have to spend money to make money in this life. What examples do I have?
- Paying for postage to send in your medical insurance claims. I usually have to spend 60 cents or so, to mail in my forms (when I can’t submit things on-line) but pay out for this can be anywhere from $10 to hundreds of dollars depending on what I am claiming. A very worthwhile expenditure of money, in my estimation.
- I suppose if you pay for your medical insurance premiums, another example of spending money to not have to spend as much money.
- These days to get a letter stating that I was ill from my Doctor so I can claim either short-term disability, or an extended illness costs about $25, but again, it is a needed expense, so I would pay it.
Now those are just a couple of examples where at times you must outlay some money, so that in the end you get more money (the basis for investing, I suppose), are there any examples that I am missing?