Mga Pahina

Huwebes, Nobyembre 28, 2013

My Number One Rule to Become Rich: Cook My Own Food

Yes, I am really committed to become rich. I believe cooking my own food can help a lot. 

Cooking could help me save a lot of money. The resulting extra money can be used in my other investments.

Food is a major expense of most. It can never be unbudgeted. But if I learn to cook even only my own meals I can save as much half of my food expense compared to someone who always dines out.

A restaurant charges much on its servings because it has opex or operational expenses which include cost of electricity, manpower, goods, and government taxes. Whenever I eat in a restaurant, what I will be actually doing is paying for my convenience in the amount of the actual cost of the meal served plus the per unit operational expenses sustained by the restaurant.

What if I only need to pay the goods and not the operational expenses? This is what happens when I cook my own food. I only pay for the ingredients and the raw materials. The resto opex that should have been charged on me will be avoided in exchange of my time and energy of both going into the market and preparing my own food. Physically going to the market is an excellent exercise too. 

Another way to save money aside from cooking my own food is that I buy from a public market and not in supermarkets located in malls. Malls are consistent in adding a tax surcharge like Value Added Tax. In public market, vendors don’t usually do VAT. I can even negotiate or make tawad on a vendor’s price.

So, cooking my own food is a must in thrifting my way towards becoming rich.




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