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RPF 0005 – The Ultimate Guide to Spending Money – How a smart person can optimize each and every buying decision to get maximum utility out of their money

Radical Personal Finance

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Can You Substitute Knowledge?

Can you substitute other kinds of capital instead of financial capital? Instead of spending money on something, can you have social capital? By the fact that you have a lot of friends, you can borrow something from them. Can you repay your student loans with some of the government debt forgiveness programmes, instead of paying them back yourself? Run the calculations and see if there are programmes available. If you love to fish, start a fishing chart or a fishing guide service. Be smart about where you place assets. So if you have an expensive car and a personal car, you should always put the expensive car into your business where you can depreciate it as a business expense. It's good tax planning

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